Orthodontics Market to Grow at 7.9% CAGR by 2030
Rise in the prevalence of dental disorders, technological advancement linked surge in the adoption of dental procedure with advanced aesthetics are expected to drive the growth of orthodontics industry during the forecast period of 2020-2030.
The Orthodontics Market is expected to grow at the CAGR of 7.9% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Orthodontics covers the wide range of treatment, diagnosis and prevention of different dental problems to maintain the oral hygiene. Orthodontics helps in the improvement of dental aesthetics by performing dental procedures to provide well aligned healthy teeth and gums. For better results different procedure can be performed as needed such as ligation, brackets, binding which involve the use of different instruments.
According to the report, constant growth in the prevalence of various dental disorders with surge in the teeth mal-positioning as well as growing demand of dental aesthetics are the major factors driving the growth of orthodontics market. In addition, technological advancement coupled with the growth in geriatric population. Moreover, growth in dental clinics with improvement in oral hygiene along with the presence of well established healthcare infrastructure. Also, there has been some advancement such as launch of invisible retainers for teeth alignment as well as changing food habits are likely to shift the market trend.
However, high cost of the dental procedures with lack of reimbursement policies can create a restrain in the market growth. Moreover, research & development activities leading to product launches are likely to create numerous opportunities to the market in the coming few years.
On the basis of product type, the orthodontics market share is segmented into brackets, anchorage appliances, ligatures, and archwires. Brackets segment dominates the global orthodontic market in terms of market share and will be the dominant during the forecasted period.
On the basis of age group, the orthodontics market is categorised into children and adult. Children segment occupies the major market share. In 2016, children segment dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
North America is likely to account for the highest market size & share of the orthodontics market in the forecast period 2020–2030 owing to the enormous growth in orthodontic problems led to the further procedures and brackets along with the presence of developed healthcare amenities. Europe accounts for the second leading position in the orthodontics market size. Asia Pacific is expected to be the fastest developing region in the orthodontics market which is majorly driven by the development of healthcare industry with rapid growth in dental clinics. Moreover, growth in oral hygiene practices as well as geriatric population in the near future will further enhance the market growth.
According to the report, some the key players in the orthodontics market are Align Technology, Inc., Rocky Mountain Orthodontics, Inc., American Orthodontics, DENTSPLY International, Inc., Danaher Corporation, 3M Company, G&H Orthodontics, Inc., Henry Schein, Inc., Dentaurum GmbH & Co. KG, and TP Orthodontics, Inc..
Browse key industry insights from the report at https://www.nextmsc.com/report/orthodontics-market in detail along with the table of contents:
Key Insights from the Orthodontics Market Report:
- Asia Pacific is the fastest growing Orthodontics market owing to the rising prevalence of dental problems, oral hygiene, geriatric population and technological advancement.
- The Children segment dominates the segment and adult segment is expected to grow at significant CAGR to maintain the led in 2030.
- Some of the major players in the market are Align Technology, Inc., Rocky Mountain Orthodontics, Inc., American Orthodontics, DENTSPLY International, Inc., Danaher Corporation, 3M Company, G&H Orthodontics, Inc., Henry Schein, Inc., Dentaurum GmbH & Co. KG, and TP Orthodontics, Inc.
The report Orthodontics market – segmented by product type, age group and geography
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