Newark, NJ, June 24, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global orthodontics market is expected to grow from USD 4.43 billion in 2020 to USD 8.96 billion by 2028, at a CAGR of 9.2% during the forecast period 2021-2028.
Orthodontics is a dental specialty that focuses on improving the dentofacial appearance. As the importance of ensuring good dental hygiene and good oral health is increasingly recognized, the market for orthodontic procedures is growing. Due to factors such as the high incidence of malocclusion, among the most common dental disorders in the world, the increased use of dental care by the aging population and the growing demand for cosmetic dentistry operations, the industry is expected to develop. However, factors such as poor access to dental care in underdeveloped and developing countries and a shortage of dental care infrastructure in rural areas are expected to limit the growth of the global orthodontics market.
With the outbreak of a global pandemic, many have faced pay cuts and job losses. Covid-19 has become a threat to the global economy and has had a negative impact on all kinds of markets, including the orthodontics market. With less disposable income and broken supply chains, the market growth is expected to slow down. A shortage of skilled professionals due to the movement of medical workers to the frontlines of Covid-19 is also negatively impacting the market.
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The major players operating in the global orthodontics market are DB Orthodontics, G&H Orthodontics, Henry Schein, Inc., Danaher Corporation, 3M Unitek, Align Technology, Inc., Rocky Mountain Orthodontics, American Orthodontics and DENTSPLY International, among others. To gain significant market share in the global orthodontics market, major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships. One example is the geographic penetration of Align technology in the Indian market, which includes the commercial availability of the âInvisalign deviceâ in India. 3M Unitek and Danaher Corporation are among the largest manufacturers and suppliers of orthodontics in the global market.
Brackets dominates the market and is expected to grow at the highest CAGR of 9.9% over the forecasted period
The product segment includes ligatures, anchors, arches and brackets. Brackets dominates the market and is expected to grow at the highest CAGR of 9.9% over the forecast period. Due to its intensive use in fixed orthodontics, which has grown in importance, the bracket segment is expected to dominate the industry. This has translated into considerable overall growth for this segment. Due to improved efficiency of care, the supports segment is also expected to grow at a stable CAGR during the forecast period.
Under-18s dominated the market and held the largest market share of 63.8% in 2020
On the basis of the patient, the global market has been divided into under 18 and over 18. The under-18s dominated the market and held the largest market share of 63.8% in 2020. The large share of this segment is attributed to key factors such as increasing number of orthodontic procedures, growing acceptance invisible braces and lower prices for transparent aligners.
Dental clinics lead the market and are expected to grow at the highest CAGR of 10.6% during the forecast period
On the basis of the end user, the orthodontics market has been divided into hospitals, dental clinics, and others. Dental clinics dominate the market and are expected to grow at the highest CAGR of 10.6% during the forecast period. Due to the increase in the number of stand-alone clinics and private practitioners, the dental clinic segment is expected to grow rapidly and dominate the industry from 2021 to 2028. The development of this sector is facilitated by improving reimbursement policies insurance for orthodontic services and an increase in the number of multi-specialist dental clinics.
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Regional Segment Analysis of Orthodontics Market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan, India, rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
On the basis of geography, the global orthodontics market has been categorized as North America, Europe, South America, Asia-Pacific, Middle East and Africa. The North America region accounted for the main market share of 41.7% in 2020 and is expected to grow throughout the projected period. Factors contributing to growth in North America include an increase in the American population, especially among the elderly, substantial technical advancements in dentistry, and increased insurance coverage by third-party companies. On the other hand, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2021-2028. This growth is due to factors such as improving economic conditions, technological advancements in medical sciences, an increase in the number of affordable dental services, a high proportion of the young population, an increasing tendency towards malocclusion and an emergence. progressive dental practice in the region. . Emerging economies like India, Brazil and China are particularly lucrative given their growth potential. The market report covers all major countries including USA, China, Canada, India, Germany, Japan, France, Indonesia, Brazil, UK, Russia , Italy, South Korea, Taiwan, Australia, Thailand, the Philippines, Malaysia, Vietnam, Mexico, Saudi Arabia. Arabia, Turkey, United Arab Emirates, etc.
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About the report:
The global orthodontics market is analyzed on the basis of value (USD billion). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges to gain key insights into the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the positioning grid of the competitors.
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