Orthodontics Market is projected to report a CAGR of 7.9% between 2020 and 2030
The Global Orthodontics Market size is estimated to be USD 1.87 Billion in 2019 and is predicted to reach USD 4.32 Billion by 2030 with a CAGR of 7.9% from 2020-2030. Orthodontics is a branch which deals with the diagnosis, treatment and prevention of malpositioned jaws and teeth. This also helps in the alignment of teeth and appearance by using various tools and techniques. These may involve ligation, binding, brackets and various other instruments to achieve better results. As the malpositioned teeth and jaw can create excess pressure on the muscle and can also cause headaches and they are hard to clean. Hence, orthodontics plays an important role in the maintenance of oral hygiene.
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Market Dynamics and Trends
There has been rapid development in the healthcare facilities and also increase in the awareness about oral hygiene and increased demand of dental aesthetics are expected to contribute the market growth. The other factors such as increase in dental clinics and increase in dental malocclusions support the orthodontics market.
The factors such as increasing geriatric population which in turn led to dental problems, increased awareness about dental procedures for malocclusions and crooked teeth are increasing the demand for orthodontics market. Furthermore, the constant advancement in the field of orthodontic such as invisible retainers and many more is expected to drive orthodontics market. However, lack of reimbursement policies are expected to impede the growth of orthodontics market. The research and development activities coupled with upcoming product launches create lucrative opportunities in the near future.
Market Segmentations and Scope of the Study:
The global orthodontics market share is analyzed on the basis of product type, age group, and geography. On the basis of product type, the market is segmented into brackets, anchorage appliances, ligatures, and archwires. The brackets are sub segmented into Aesthetic Brackets, Self-Ligating Brackets, Metal Brackets, and Cosmetic Brackets. The Anchorage Appliances segment is further divided into Buccal Tubes, Miniscrews, and Bands. The Ligatures segment is further sub segmented into Elastomeric Ligatures and Wire Ligatures. The Archwires segment is further fragmented into Beta Titanium Archwire, Nickel Titanium Archwire, and Stainless Steel Archwire. On the basis of age group, the market is divided into children and other. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America represents the develop market and anticipated to hold the major market share over the forecast period. The factors contribute the growth of orthodontics market include presence of develop healthcare facilities with increased public awareness, increased number of dental clinics and orthodontist coupled with various technological advancement.
Asia pacific is expected to be the significantly developing region due to the presence of developing economies which is expected to enhance the market size. Due to the developing healthcare facilities, adoption of advanced technologies and increased prevalence of dental problems further support the growth of orthodontics market.
Competitive Landscape
The orthodontics market, which is highly competitive, consists of a various players. Some of the market players include 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. among others.
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Recently, there are various developments taking place in the market. For instance, in June 2019, Danaher Corporation has announced that Envista Holdings Corporation will be the name of the separate company Danaher intends to create and take public via an initial public offering in the second half of 2019. Envista will be comprised of three operating companies within Danaher's Dental segment: Nobel Biocare Systems, KaVo Kerr, and Ormco. These businesses have significant positions in dental implants, orthodontics, dental equipment and consumables, and include brands such as Nobel Biocare, KaVo, Kerr, i-CAT, Dexis, Metrex, Pelton & Crane, Ormco, Implant Direct, and Orascoptic.
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