Global Orthodontic Supplies Market to grow with a CAGR of 7.36%.
Increasing healthcare infrastructure and a supportive
regulatory environment are the major drivers for the Global Orthodontic
Supplies Market.
According to TechSci Research report, “Global
Orthodontic Supplies Market Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”, Global Orthodontic Supplies
Market has valued at USD 7.02 billion in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 7.36% through 2028.
This can be due to collaborations and partnerships among leading
companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
Increasing Disposable Income and Dental Tourism drive
the demand for Orthodontic Supplies Market. The cost of orthodontic
procedures has decreased as disposable income, particularly in emerging
economies, has increased. Additionally, people are travelling to nations that
provide affordable orthodontic operations as dental tourism has gained popularity.
These elements offer chances for the global market for orthodontic supplies to
grow its clientele.
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Orthodontic supplies are medical items created
especially for braces and other orthodontic operations. These devices are meant
to aid orthodontists in giving patients better medical care and treatments. The
diagnosis, prevention, and treatment of aberrant facial growth and jaw
misalignment are the focus of this field of medicine. Products and materials
for orthodontic procedures are available on the market. These tools are
necessary for the identification, avoidance, and treatment of dental anomalies
such malocclusion and misalignment. Braces, wires, bands, brackets, adhesives,
aligners, and other supplemental instruments and tools are examples of
orthodontic supplies. The market includes both consumables and machinery
utilized by hospitals, dental offices, and orthodontic offices around the
world.
In May 2022, the first and only repositionable hook
created especially for the Ultima wire, the Ultima Hook, launched by Ormco
Corporation, a global pioneer and creator in orthodontic products and
solutions. With performance and efficiency, they are designed and constructed
to rectify malocclusions in teeth when used with orthodontic appliances. With
60 years of invention and more than 20 million smiles generated, the world
leader in orthodontics, Damon, brings you the Ultima Hook, the most recent
improvement to the Damon UltimaTM System. The snap-fit hooks can be flush
against the bracket and are attached to the arch wire intraorally. The only
hook made for the Damon Ultima System Wire can be moved along the wire using a
supporting device. With the Damon Ultima System's innovative design,
orthodontists can now move teeth more effectively with fewer forces for shorter
treatment times and overall improved patient comfort.
Environmental concerns can pose a significant challenge
in the global orthodontic supplies market, as they do in many other industries. he
orthodontic supplies industry generates a considerable amount of waste,
including single-use plastic packaging, disposable instruments, and other
materials. Improper disposal of these items can lead to environmental pollution
and contribute to the growing issue of plastic waste in landfills and oceans.
Manufacturing orthodontic supplies often requires the extraction and processing
of raw materials, such as metals and plastics. This can contribute to resource
depletion and habitat destruction, especially if these materials are not
sourced sustainably. The production and transportation of orthodontic
supplies consume energy, primarily derived from fossil fuels. This leads to
greenhouse gas emissions, contributing to climate change and global
environmental challenges. Some orthodontic materials may contain chemicals
that can be harmful to the environment if not properly managed. For example,
the disposal of dental materials with hazardous components can contaminate soil
and water sources.
Global Orthodontic Supplies Market segmentation is
based on Product, Patient, Region and Company
Based on Product, Global Orthodontic Supplies
Market is segmented into Fixed Type and Removable Type. Removable type
orthodontic products are a category of orthodontic appliances that can be
easily removed by the patient for various purposes, including cleaning, eating,
and comfort. These appliances are commonly used in orthodontic treatment to
correct specific dental and jaw alignment issues. Retainers are one of the most
well-known types of removable orthodontic appliances. They are often used after
braces or other orthodontic treatments to maintain the newly achieved tooth
positions. Functional appliances are used to correct issues with the alignment
of the upper and lower jaws, particularly in growing children and teenagers.
These appliances help to modify the growth of the jaws and improve the bite.
Examples include Twin Block appliances and Herbst appliances. Removable space
maintainers are used to hold space for permanent teeth that have not yet
erupted or for teeth that have been lost prematurely. They help ensure that
teeth come in properly aligned.
Based on Region, North America dominated the Global
Orthodontic Supplies Market. There has been a growing awareness of the benefits
of orthodontic treatments in North America, not just for functional improvement
but also for cosmetic reasons. As a result, more adults are seeking orthodontic
care, further boosting the market. North America is home to many
prestigious dental schools, research institutions, and associations that
contribute to the advancement of orthodontic knowledge and techniques. This
fosters a culture of continuous learning and innovation in the field. Orthodontic
providers in North America often invest in marketing and advertising campaigns
to promote their services. This helps create awareness and drives patient
interest in orthodontic treatments.
Asia-pacific region to fastest growth in the Global
Orthodontic Supplies Market. The Asia-Pacific region is home to a substantial
portion of the world's population, including countries like China and India,
which have some of the largest populations globally. This demographic factor
alone creates a vast patient base for orthodontic treatments and supplies. Economic
growth in many countries within the Asia-Pacific region has led to an expanding
middle class with higher disposable incomes. As people's financial situations
improve, they are more likely to invest in healthcare services, including
orthodontic treatments. Rapid urbanization in many Asia-Pacific countries
has led to lifestyle changes and increased access to healthcare services. Urban
areas typically have more orthodontic practices, making it easier for
individuals to seek treatment.
Some of the major companies operating in
the Global Orthodontic Supplies Market include:
- The
3M Company.
- Align
Technology Inc.
- American
Orthodontics
- Henry
Schein, Inc.
- DB
Orthodontics Ltd
- Dentsply
Sirona Inc.
- G&H
Orthodontics Inc.
- Great
Lakes Orthodontics Ltd
- Ormco
Corp.
- Argen
Corporation
- Patterson
Companies Inc.
- Straumann
AG
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“Certain areas, particularly in North America, are
projected to exert significant demand for orthodontics products. The growth in
the competitive landscape and the presence of well-established companies in the
market, committed to enhance the overall wellbeing of people each year, are
expected to contribute to a remarkable growth of the Global Orthodontic
Supplies Market in the forecast period," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
Orthodontic Supplies Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Product (Fixed
Type and Removable Type), by Patient (Adults and Children), and By Region,
Competition evaluated the future growth potential of
Global Orthodontic Supplies Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide innovative market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Orthodontic Supplies Market.
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