Orthodontics Market Future Growth Analysis and Challenges
With increasing burden of oral disorders around the globe, the healthcare authorities in association with the dental care product manufacturers are focusing on promoting the awareness regarding oral health and associated discomfort. Orthodontic is a specialty in dentistry that deals with correction of the teeth and jaws. Presence of occlusions or crooked teeth leads to premature tooth decay, periodontal diseases, and temporomandibular joint (TMJ) syndrome. The malocclusion leads to stress on the chewing muscles and can cause severe headache, and shoulder pain. Orthodontic treatments help in fixing the malocclusions, improve the teeth life and oral health. Increasing awareness regarding oral health is the key factor fueling the growth of the global orthodontics market. According to the World Health Organization’s March 2020 statistics, around 3.5 billion people worldwide are affected with oral diseases. The oral health infrastructure in most of the mid-income and low-income countries around the globe cannot deliver the basic oral care services, resulting in deteriorated oral health. This is anticipated to offer prominent opportunities to the orthodontic device manufacturers and service providers during the forecast period.
North America dominated the global orthodontics market in 2019 owing to the presence of leading equipment manufacturers, high prevalence of oral disorders, increasing number of malocclusions in teenage population, and increased per capita spending on oral health. The manufacturers of dental equipment and consumables are focusing on adoption of 3D printing technology to facilitate faster product development and improved services, which is anticipated to accelerate the growth of North America orthodontic market during the forecast period.
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Asia Pacific is anticipated to be the fastest growing market during the forecast period owing to expanding population and rising awareness regarding oral health. Government initiatives to promote oral health in rural areas across the low-income and mid-income countries across the region is anticipated to fuel the growth of orthodontic market in Asia Pacific.
The report titled “Orthodontics Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global orthodontics market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global orthodontics market is segmented based on product type, end user, and geography. Based on product type, the global orthodontics market is segmented into equipment and consumables. The orthodontic equipment is sub-segmented into dental chairs, dental lasers, hand pieces, light cure, scaling unit, dental radiology equipment, and others. The orthodontic consumables are sub-segmented into anchorage appliances (buccal tubes, mini screws, and bands), ligatures (elastomeric ligatures, and wire ligatures), brackets (aesthetic brackets, self-ligating brackets, metal brackets, cosmetic brackets), and arch wires (beta titanium arch wire, nickel titanium arch wire, and stainless steel arch wire). Based on end user, the global orthodontics market is segmented into hospitals, dental clinics, and others. Based on geography, the global orthodontics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on orthodontics. Further, market share of prominent companies in the global orthodontics market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the orthodontics companies.