USD 2763.71 million
Report ID:
SQMIG35A2109 |
Region:
Global |
Published Date: September, 2024
Pages:
165
|Tables:
69
|Figures:
75
Global Orthodontics Market size was valued at around USD 5.6 billion in 2022 and is expected to rise from USD 7.3 billion in 2023 to reach a value of USD 38.5 billion by 2031, at a CAGR of 23.1% over the forecast period (2024–2031).
Orthodontics refers to a branch of dentistry that deals with the detection, prevention, and successful prevention of irregularities in the teeth and gums, correcting them. Braces are used in dentistry for healthy and functional teeth and improved cosmetic changes. This is done by aligning the edges of the teeth, correcting crooked teeth, and improving speech and chewing. As a result, these treatments dramatically improve a person’s overall oral health and appearance. Some commonly used dental instruments include braces, fixed spacers, removable spacers, dental implants, fillings and bonding.
The increase in the market can be attributed to the increasing occurrence of malocclusion, growing attention approximately dental care, and technological advancements in orthodontic treatment approaches. The braces segment is anticipated to grow at the very best CAGR during the forecast length to the growing demand for aesthetic enamel alignment treatments amongst adults and youngsters. The archwires phase is likewise expected to witness excessive growth during the forecast period because of technological improvements which have caused the improvement of latest sorts of archwires with unique residences consisting of form memory alloys (SMA) wires. This can be attributed to the developing call for aesthetic tooth alignment treatment amongst this population institution.
US Orthodontics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2763.71 million
Largest Segment
Hospital
Fastest Growth
Hospital
Growth Rate
10.7% CAGR
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Global Orthodontics Market is segmented by product type, age group, end user, and region. Based on Product Type, the market is segmented into Instruments, Supplies (Fixed (Brackets, Bands & Buccal Tubes, Archwires, Others) Removable (Aligners, Retainers, Others)). Based on Age Group, the market is segmented into Teens, and Adults. Based on End-user, the market is segmented into Dentist & Orthodontist Owned Practices, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Orthodontics Market Analysis by End Use
The dental clinics segment is dominating the orthodontics market with maximum share. Dental clinics are a vital part of the orthodontics market, providing cosmetic and non-cosmetic services to patients. These clinics offer a wide range of treatments, from regular check-ups and cleanings to complicated restorative and cosmetic processes. The convenience, personalized care, and specialized expertise that is accessible at dental clinics make them one of the ideal choices for several patients. With an increase of group practices and specialized dental centers, this segment is experiencing huge growth. Dental clinics are also using new technologies like digital dentistry and telemedicine, improving patient experience and smoothening administrative procedures.
The hospital segment is witnessing the fastest growth in the orthodontics market. This segment consists of dental departments in the hospitals that provide a range of services. They emphasize more on complex and emergency dental care. These services consist of oral surgeries, trauma management, and treatments that need general anesthesia or multi-disciplinary care. Hospitals are well-equipped to manage vital conditions that need skilled professionals, like reconstructive surgeries and treatments for oral cancer. The segment is also benefiting from the increasing partnership between dental professionals and other healthcare providers, along with enhanced healthcare infrastructure. The hospital segment plays a vital part in offering high-quality dental care, especially in conditions that need advanced medical intervention.
Orthodontics Market Analysis by Age Group
The adult segment accounted for the largest share at 60.2% in 2023 and is dominating the market at the highest CAGR during the forecast period. As dental diseases are very common in the population and apart from affecting the quality of life, they can cause problems such as preservation of tooth enamel, impaired oral function, such as chewing, swallowing and language, and greater susceptibility to shock results. Nowadays, acceptable aesthetics, including perfectly aligned teeth play an important role in society. Growing dental anxiety is most evident among teenagers. Aligner therapy is one of the fastest growing areas in dentistry, driven largely by patients who find it a simpler, more convenient and more discreet option than fixed appliances.
Teen segment is expected to be the fastest growing region in the major growth over the forecast period. FDA approved, Invisalign clear aligners by Align Technology, used in the treatment of 5 million people in 2018 and global Invisalign shipments to adolescents reached 87.1 thousand in 2018. According to NCBI, Grade I prevalence and Class II malcontinences are highest in population. The adoption has gradually increased because many young people need to avoid the inconvenience of metal bracelets and are aesthetically pleasing. For these reasons, most adolescents choose clear harmony to treat their arthritis. More than 1 million teenagers have started dental treatment with Invisalign clear aligners.
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North America is expected to hold the largest share in the market during the forecast period owing to high prevalence of dental problems, increasing awareness, rising dental procedures and increasing population in this region. American Association of Dentists recommends start visiting for dental check-ups regular visits help identify dental problems early so treatment can begin on time. This is also expected to grow the market. North America dominated the global market in terms of revenue share in 2022 with a market size of $7 million. This can be attributed to the availability of well-established healthcare infrastructure, coupled with increased awareness and relatively higher disposable income, coherent availability of insurance for dental treatment. Furthermore, the number of research programs by key players is anticipated to boost the growth of the region.
The global orthodontics market in Asia-Pacific is also expected to grow significantly, owing to increasing dental tourism, increasing dental tourism, increased awareness of dental collections, and dental care increases. For instance, due to various methods and advanced technology, India is becoming one of the preferred destinations for dental tourism in the world. India has been one of the most promising countries in all types of medical or dental treatments at very affordable prices. Indian dentistry is fast catching up as aimed at medical tourists due to its affordability, easy availability and highly affordable prices. The Wylie Foundation for an aligner technology development program focused on improving treatments for patients living with facial deformities caused by rare genetic diseases such as Treacher Collins syndrome (TCS). Asia Pacific is expected to witness lucrative growth during the forecast period owing to increasing population and prevalence associated with oral conditions such as crowded and irregular teeth among others driving demand for appliances repair teeth in this region.
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Orthodontics Market Driver
Increasing People’s Awareness for Market Development
High Prevalence of Dental Diseases Has Driven the Market Growth
Restraints
High Medical Costs to Restrain the Market Growth
Adverse Effects of Dental Treatments to Hamper the Market Growth
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The orthodontics market is highly competitive, with both prominent global players and emerging regional companies contributing to its growth. Leading companies such as Align Technology, Inc., 3M, Dentsply Sirona dominate the market, especially important for Align Technology's strong brand and constant innovation, known for its Invisalign product in aligners sleep and advanced dental repair devices. Traditional brace manufacturers such as Ormco Corporation and American Orthodontics remain major players offering a wide range of metal and ceramic braces with advances in 3D printing and digital dentistry. Strategic partnerships, acquisitions, and product development to enter the market are common strategies companies use to maintain or expand their market share.
Orthodontics Market Top Player’s Company Profiles
Orthodontics Market Recent Development
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.
According to SkyQuest analysis, the orthodontics market is growing hastily due to the increasing demand for advanced dental and the cosmetic treatments. This marketplace is driven by way of increasing cognizance of dental health, the rise of bad tooth (awful enamel), and growing adoption of cosmetic dentistry to enhance personal appearance. Technological advances, along with clean aligner there may be 3D printing of custom dentures, for greater dental flexibility, extra effective solutions, consolation and restraint in comparison to standard steel braces. Despite the growth, the marketplace faces challenges, including the excessive value of dental treatment and restrained get access to primary care in developing regions but as disposable profits increases and the dental care increases particularly in rising markets, the demand for dental care is expected to upward push. The expansion of virtual dentistry such as the teledentistry and AI-driven remedy planning brings sizable opportunities to the marketplace. These improvements simplify research, enhance affected person experience, and enable dentists to deliver personalized care, contributing to the increase of the orthodontics marketplace.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.6 billion |
Market size value in 2031 | USD 38.5 billion |
Growth Rate | 23.1% |
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 Orthodontics 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 Orthodontics 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 Orthodontics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Orthodontics 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: SQMIG35A2109
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