Market Highlights
The global orthodontic supplies market is expected to grow at an
approximate CAGR of 8.75% during forecast period, 2018–2023.
Rising popularity of dental tourism is the key factor driving
the orthodontic supplies market. For instance, in 2018, Ormco Corporation
introduced a new line of premium orthodontic instruments to assist specialists
with all dental procedures.
Various other factors such as favorable reimbursement for dental
procedures, high prevalence of orthodontic conditions, technological
advancements, and increasing disposable incomes are also expected to propel the
growth of the market.
However, the risks associated with orthodontic treatments, and
high cost of advanced orthodontic treatments in some countries can hinder the
market growth over the forecast period.
Segmentation
The global orthodontic supplies market size is segmented based
on product, patient, end user, and region.
The global market for orthodontic supplies, by product is
segmented into fixed braces, removable braces, adhesives, and accessories.The
fixed braces segment is further classified as brackets, archwires, anchorage
appliances, and ligatures. The brackets segment includes conventional brackets,
self-ligating brackets, and lingual brackets. The archwires segment includes
beta titanium archwires, nickel titanium archwires, and stainless steel
archwires. The anchorage appliances segment includes bands and buccal tubes,
and miniscrews. The ligatures segment includes elastomeric ligatures, and wire
ligatures.
Based on patient type, the market is segmented into children and
teenagers, and adults.
Based on end user, the market is segmented into hospitals,
clinics, and others. The hospitals segment is anticipated to hold the largest
market share owing to the increasing cases of orthodontic conditions.
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Regional Analysis
The Americas dominated the global market for orthodontic
supplies owing to the presence of major market players, and improvement in the
reimbursement scenario within the region.
In 2017, it was estimated that Europe stood second in the global
orthodontic supplies market. This can be attributed to the increasing
technological advancements, and rising research and development investments.
Asia Pacific was projected to be the fastest growing region in
2017. Increasing awareness about dental tourism drives the regional markets of
the Asia Pacific region. Due to low prices for dental care, Thailand is
becoming a trending location for dental tourism among the international dental
tourists. For instance, dental veneers can cost around USD 1800 in the US with
the same procedure costing about USD 250 in Thailand.
On the other hand, the Middle East and Africa held least share
in the global orthodontic supplies market due to the low economic development,
especially within the African region.
Key Players
Some of the key players in the global orthodontic supplies
market are 3M, Align Technology, American Orthodontics, Danaher, DB
Orthodontics, Dental Morelli, Dentaurum, Dentsply Sirona, G&H Orthodontics,
Great Lakes Orthodontics, Henry Schein, Rocky Mountain Orthodontics, Straumann
Holding AG, TP Orthodontics, Ultradent Products, and others.
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