Burlingame, June 14, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, global orthodontics market is estimated to be valued at US$ 5.23 billion in 2022 and is expected to exhibit a CAGR of 6.9% during the forecast period (2022-2030).
Analysts’ Views on Global Orthodontics Market
Growing aging population and increasing awareness regarding oral health has surge in demand for orthodontic products. According to the United Nations, there were 703 million persons aged 65 years or over in the world in 2019. The number of older persons is anticipated to double to 1.5 billion in 2050. Globally, the share of the population aged 65 years or over increased from 6 per cent in 1990 to 9 per cent in 2019. That proportion is projected to rise further to 16 per cent by 2050, so that one in six people in the world will be aged 65 years or over.
Request Sample copy of this Report @
https://www.coherentmarketinsights.com/insight/request-sample/5702
Key Trends and Analysis of the Global Orthodontics Market:
Increasing adoption of advanced software in dentistry is a recent trend in the global orthodontics market. For instance, in February 2023, Owandy Radiology Inc., a global marketer in the production of dental radiology hardware and imaging software has introduced its AI-powered Ceph Analysis Orthodontic Software during the 2023 Chicago Midwinter Meeting.
Global Orthodontics Market - Drivers
Growing prevalence of dental disorders is propelling orthodontics market growth
Increasing prevalence of dental disorder worldwide is expected to drive growth of the orthodontics market. The WHO Global Oral Health Status Report (2022) estimated that oral diseases affect close to 3.5 billion people worldwide, with 3 out of 4 people affected living in middle-income countries. Worldwide, an estimated 2 billion people suffer from caries of permanent teeth and 514 million children suffer from caries of primary teeth.
Orthodontics Market Report Coverage
| Report Coverage | Details | |||
| Base Year: | 2022 | Market Size in 2023: | US$ 5.23 Bn | |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 | |
| Forecast Period 2023 to 2030 CAGR: | 6.9% | 2030 Value Projection: | US$ 8.95 Bn | |
Geographies covered: |
| |||
Segments covered: |
| |||
| Companies covered: | 3D Systems Corporation, 3M Company, 3Shape A/S, Align Technology, Inc., Bernhard Förster GmbH, Carestream Dental, LLC, and American Orthodontics Corporation, among others. | |||
| Growth Drivers: |
| |||
| Restraints & Challenges: |
| |||
Increasing number of road accidents has significant contribution to the orthodontics market growth
Road accidents especially across developing and underdeveloped countries have positive impact on the demand for orthodontics products. According to the World Health Organization, every year the lives of around 1.3 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury.
Global Orthodontics Market - Restrain
Side effects and high cost of the orthodontics treatment
Orthodontics treatments are generally costly and is inaccessible in general population. For instance, an Invisalign Clear Aligner treatment could cost between US$ 2,000 and 8,000 in the US. Moreover, metal brackets cost around US$ 2,500, while ceramic brackets cost around US$ 3,000 to 10,000.
Additionally, there are few side effects associated with the orthodontics treatments such as pain root resorption, periodontal disease, and temporomandibular dysfunction. This factor is again expected to hamper the market growth.
Global Orthodontics Market – Opportunities
Increasing popularity of dental aesthetic among all age groups is expected to serve major growth opportunities
The dental aesthetic is an advanced procedure that is basically perform to improve the appearance of teeth, gums, and surrounding areas. Procedures such as teeth whitening, porcelain veneers, dental bonding, complete mouth reconstruction, smile makeovers, gum lifts, and contouring are some of the common cosmetic dental procedure. The growing number of people opting for dental aesthetics coupled with rise in patient awareness regarding these surgeries are expected to offer profitable market opportunities.
Buy-Now this Premium Research Report @
https://www.coherentmarketinsights.com/insight/buy-now/5702
Global Orthodontics Market - Key Developments
In Apirl 2023, Grin, a virtual care platform that offers digital oral healthcare solutions connecting practices and patients, announced the launch of several new products at the American Association of Orthodontics Annual Meeting in Chicago.
In August 2022, Orthobrain announced the launch of SimplyClear as the latest addition to its solutions for the growth of orthodontic treatment
In April 2023m uLab Systems™, the manuafcturer of the uSmile™ clear aligner platform and the new uAssist™ concierge service, announces it now offers orthodontists a suite of branding options that give them the ability to create a variety of custom-designed packaging products that will enhance the patient experience and can help grow new business.
In May 2022, Ormco Corporation announced the introduction of Ultima Hook developed specifically for the Ultima wire. It is designed to correct maloccluded teeth in conjunction with orthodontic appliances, providing performance and efficiency.
Key Market Takeaways:
Global orthodontics market is expected to exhibit a CAGR of 6.9% during the forecast period, owing to the growing awareness regarding oral hygiene, expanding dental tourism, and growing demand for dental aesthetics. Moreover, increasing consumer spending on cosmetic dentistry is again expected to fuel market growth. Furthermore, advent of advanced technologies such as virtual imaging, 3D scanners, IoT, and AI in the orthodontics diagnostic devices is further anticipated to augment market growth.
On the basis of Product Type, Conventional Products (Brackets) is expected to hold a leading position owing to the advantages associated with the brackets. Moreover, they are easily available on e-commerce platforms.
On the basis of Age groups, Teenage group segment is expected to hold a dominant position owing to the growing prevalence of dental disorder in teens. According to the Golden Pediatric Dentistry & Orthodontics, the COVID-19 virus brought about more cases of dental illnesses. More patients are now reporting cases of gum diseases, among other dental infections. These teen dental problems continue to affect them even after they heal from the COVID-19 virus.
On the basis of End User, Clinic segment is expected to hold a dominant position owing to the growing number of private dental clinics and practitioners worldwide. Moreover, the presence of well-equipped dental clinics across developed countries is again fuelling segment growth.
On the basis of region, North America is expected to hold a dominant position over the forecast period, due to high adoption of advanced orthodontics technologies coupled with the growing awareness regarding the aesthetic orthodontics among consumers in the region. Addtionally, increasing geriatric population is another major factor augmenting regional market growth.
Competitive Landscape:
Key players operating in the global orthodontics market include 3M Company, 3D Systems Corporation, Align Technology, Inc., 3Shape A/S, Carestream Dental, LLC, Bernhard Förster GmbH,and American Orthodontics Corporation, among others.
Request Customization of this Report @
https://www.coherentmarketinsights.com/insight/request-customization/5702
Detailed Segmentation:
Global Orthodontics Market , By Product Type
- Conventional Products
- Brackets
- Wires
- Adhesives
- Bands
- Correctors
- Tubes
- Others (Hand Instruments, Elastics, and Retainers)
- Advanced Products
- Aligner
- Scanner
- 3D Printer
- CAD/CAM Systems
- Others (Software and Vibrational Stimuli Devices)
Global Orthodontics Market, By Age Group
- Teenage Group
- Adult Age Group
Global Orthodontics Market , By End User
- Specialty Clinics
- Hospitals
- Others (Small-scale Dental Practices)
Global Orthodontics Market, By Region
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
Related Market Intelligence Reports:
Dental Extraction Forceps Market, by Product Type (Lower Extracting Forceps, Upper Extracting Forceps and Others), by Therapeutics (Restorative Dentistry, Cosmetic Dentistry, Orthodontics Dentistry and Endodontics Dentistry), by End User ( Adults, Children, and Animals) and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030
Clear Aligners Market, by Material Type (Polyurethane Plastic, Polyethylene Terephthalate Glycol (PETG), Poly-vinyl Chloride (PVC), and Others {Ethylene vinyl acetate, Polypropylene, among others}), by Age Group (Children/Teenagers and Adults), by End User (Hospitals, Dental and Orthodontics Clinics, and Others {Research Institutions, Wellness Centers, among others}), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
