USD 2.73 billion
Report ID:
SQMIG35I2156 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
61
|Figures:
75
Global Orthodontic Supplies Market size was valued at USD 4.43 billion in 2022 and is poised to grow from USD 4.75 billion in 2023 to USD 8.28 billion by 2031, growing at a CAGR of 7.20% in the forecast period (2024-2031).).
Orthodontic supplies refer to the materials and tools used by orthodontists and dental experts to diagnose, stop, and treat a diversity of dental problems from misaligned teeth and jaws. The orthodontic supplies market is gaining momentum due to the existing prevalence of malocclusions and other dental irregularities. Additionally, the growing aesthetic awareness of individuals and patients, on the one hand, and the rapid development of advanced orthodontics solutions allow these trends to reinforce each other. Moreover, the growing accessibility of orthodontic solutions makes the market grow at an even greater pace, especially as new technologies and approaches keep emerging. In the long term, the rapid growth of the orthodontic supplies market will be additionally enhanced due to several other factors. The lifelong trends of the demand for advanced orthodontic treatments are influenced by increasing disposable incomes and the prospects of an increase in dental tourism.
There was considerable impact on the healthcare services during the pandemic. Orthodontic treatment required regular visits for patient convenience, but due to the pandemic, the quality of treatment was disrupted because of missed appointments. Oral and dental care were taken into consideration under strict precautions and other routine procedures. After the post-pandemic orthodontic treatments were postponed, it negatively affected the orthodontic procedures as people were more adaptive to other treatments.
Global Market Size
USD 2.73 billion
Largest Segment
Fixed Braces
Fastest Growth
Fixed Braces
Growth Rate
5.10% CAGR
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The global orthodontic supplies market is segmented by product type, patients, end-user, and region. Based on product type, the market can be segmented into removeable braces, fixed braces, adhesives, and accessories. Fixed braces are broadly segmented into Brackets [by type (Conventional, Self-ligating, lingual) and by material (Metal, Ceramic)], Arch wires (Beta titanium, Nickel titanium, Stainless steel), Anchorage appliances (Brands & Buccal tubes, Mini screws), Ligatures (Elastomeric and Wire), Adhesives, and Accessories. Based on patients, the market is segmented into adults, children and teenagers. Based on end-user, the market is segmented into Hospitals & Dental clinics, e-commerce platforms, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Orthodontic Supplies Market Analysis by Products
Removable braces were the leading product segment in the orthodontic supplies market in 2023 in terms of revenue. This is attributed to their highly developed design, which allows for the easy application of the appliance and, moreover, makes it comfortable for the patient after removal. This segment is massively popular when it comes to the treatment of the adult population. These braces, apart from their many advantages in terms of efficiency, have also become in demand due to their unique aesthetics and the structure of the system, which is invisible. This facilitates the process of moving the teeth into the right position under the least amount of pressure. They are also extensively clinically tested for the treatment of varied forms of irregularly spaced teeth, crowded teeth, skew, protruding ones, etc. Finally, they are relatively more affordable than their traditional counterpart.
The fixed brace is the fastest growing product segment. A fixed orthodontic brace is a device which cannot be taken out of the mouth by a patient as it is attached permanently to the teeth. They are represented by metallic brackets, wires and bands used for teeth which allows teeth to move in a proper position in course of time in the process of orthodontic treatment. Fixed appliances are used for more severe cases and take more time to show results, however, they are much more effective than removable ones. Metal parts fixed on the teeth can withstand the usual teeth load and even more. This means that people can easily put more pressure on the teeth making the movement of easier and better.
Orthodontic Supplies Market Analysis by Patients
Based on patient type, the market for orthodontic supplies is segmented into adults and children & teenagers. The adult segment has the largest demand share in 2023. The growing population with orthodontic conditions and facial aesthetics are the major contributing factor for the largest demand share of the adult patients. Tooth restoration or repositioning and replacement are the major factors for the increasing demand for the supplies among adults. The oral health condition caused due to marginal bone loss which reduces blood supply adequate bone between the roots, mild gingivitis infection caused due to duet aging is increasing a major demand among the adult population. Therefore, the rising demand among the adult population will have a major growth in the segment. Changes in lifestyles and initially, the neglect of oral care followed by a realizing the importance of oral health will have significant development in the segment.
The children & teenager segment is expected to represent promising market growth opportunities as parents become increasingly concerned about the oral health of their children. According to healthcare experts, the 8-10 age group has been identified as the age when orthodontic treatment is most needed, and the demand for supplies related to such services is anticipated to rise in the children division. Both children as well as teenagers are seeking orthodontic treatment because genetic problems such as stated to the early loss of primary baby teeth and improper habits including thumb biting, biting, and other issues in the development of teeth. Orthodontic difficulties treated at an initial age of life are easier to treat.
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North America had dominated the supplies industry in terms of revenue in 2023 as the number of orthodontic treatments for aesthetics and advanced dental care procedures is increasing. Market growth is driven by an increase in disposable income among the working population. The U.S. market had a significant share in the region due to an excessive demand for orthodontics. Approximately, one fifth of the population of this country is diagnosed with malocclusion every year. The main driver for the market development in the region is the government assistance in creating oral health awareness. The government provides funds for oral healthcare for several segments of the population.
Europe is expected to record the most promising increase in demand as a greater number of the population are opting for the orthodontic process. Additionally, since the number of practicing dentists has increased in Germany, the country account for the largest revenue share of the region. In Germany, the authorities are also focused on enhancing the cost-effective models for the better healthcare system. The increase in demand is furthered by the rise in oral diseases such as dental caries, periodontal diseases, tooth decay, and malocclusion. Moreover, impressive growth rates can also be attributed to the occurrence of the ageing population.
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Orthodontic Supplies Market Drivers
Rising Cases of Malocclusion
Growing Popularity for Dental Aesthetics
Orthodontic Supplies Market Restraints
High Cost and Lack of Insurance Coverage
Strick Laws and Unfavorable Regulations
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The global orthodontic supplies market players are increasingly focusing on new product launches and agreements to either collaborate or merge with each other. The market comprises of both global and regional players and following advancements in healthcare coupled with increase in research and development, the orthodontic supplies market is highly competitive. These players rely on expansion of geographical reach and operational efficiency to meet customer demands and reduce costs in operations. Key participants choose to receive regulatory approvals for their products from government organizations. Moreover, acquiring and launching products remains a popular way for stakeholders to gain a large market share.
Orthodontic Supplies Market Top Player’s Company Profiles
Orthodontic Supplies Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the market for orthodontic supplies is being driven by a growing worldwide demand for cosmetic dental procedures and technological advancements in orthodontic practices and supplies. The expanding awareness of dental healthcare and rising occurrence of dental malocclusions among populations worldwide are major factors driving the orthodontic supplies market. However, the market for orthodontic supplies is price driven, with cost being a critical factor for dental professionals and end-users. Moreover, there is high producer competition, with businesses fiercely scrapping it out to offer reasonably priced high-quality goods.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.43 billion |
Market size value in 2031 | USD 8.28 billion |
Growth Rate | 7.20% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Orthodontic Supplies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Orthodontic Supplies Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Orthodontic Supplies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Orthodontic Supplies Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35I2156
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