Global Orthodontics Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 2024-05-23
- NO OF PAGES
- 256
- CATEGORY
- Healthcare & Life Sciences
In 2022, the market for Orthodontics worldwide was worth $3.2 billion US dollars. We Market Research projects that the market will reach US$ 8.1 billion by 2033, growing at a CAGR of 11.4 percent between 2023 and 2033. Orthodontics is a branch of dentistry that focuses on the diagnosis, prevention, and treatment of misaligned teeth and jaws. Orthodontic treatment is typically used to correct a variety of dental issues, including crooked or crowded teeth, overbites, underbites, crossbites, and other types of malocclusions. Orthodontic treatment typically involves the use of orthodontic appliances, such as braces or clear aligners, to gently move teeth into their correct position over a period of time. These appliances apply gentle pressure to the teeth, causing them to gradually move into their desired position. Orthodontic treatment can be beneficial for both cosmetic and functional reasons. Straighter teeth and a properly aligned bite can improve the appearance of a person's smile, boost their confidence, and make it easier to maintain good oral hygiene. Additionally, correcting dental issues can improve a person's ability to speak and chew properly and may prevent more serious dental issues from developing in the future.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 3,200 million |
Market Forecast in 2033 | USD 8,100 million |
CAGR % 2023-2033 | 11.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production and consumption data by countries, company sales, revenue, gross margin, pricing and production capacity |
Key Companies | Align Technology , 3M, Danaher Corporation , Dentsply Sirona, Straumann Group, G&H Orthodontics, Henry Schein Orthodontics, American Orthodontics, and Rocky Mountain Orthodontics. Overall, the orthodontics market is highly competitive, with numerous players offering a range of products and services. Companies are competing on factors such as product innovation, pricing, and distribution channels to gain market share and increase revenue. |
Market Dynamics
The orthodontics market is influenced by several market dynamics, including: Growing Awareness: There is a growing awareness of the benefits of orthodontic treatment, which is driving demand for these services. Many people are now aware that orthodontic treatment can improve their oral health, enhance their appearance, and boost their self-confidence. Technological Advancements: The orthodontics market is being driven by technological advancements in orthodontic appliances, such as the development of clear aligners, which are more comfortable and less visible than traditional braces. Advances in imaging technology and software have also improved the accuracy of orthodontic diagnosis and treatment planning. Increasing Disposable Income: Rising disposable income levels in many parts of the world are driving demand for orthodontic treatment. As people become wealthier, they are more likely to spend money on healthcare services, including orthodontic treatment. Increasing Focus on Aesthetics: There is an increasing focus on aesthetics in orthodontic treatment, with many patients seeking treatment options that are less visible and more discreet. This is driving demand for clear aligners and other invisible orthodontic appliances. Regulatory Environment: The orthodontics market is subject to various regulations and guidelines, which can influence market dynamics. For example, changes in regulations related to the use of certain orthodontic appliances, such as clear aligners, can impact market growth. Overall, the orthodontics market is expected to continue to grow in the coming years, driven by increasing awareness of the benefits of orthodontic treatment, technological advancements, and changing consumer preferences. However, the market may also be subject to regulatory and economic challenges that could impact growth.
COVID Impact
The COVID-19 pandemic has had a significant impact on the orthodontics market. Here are some of the key effects: Reduced Patient Volume: Many orthodontic practices had to temporarily close or reduce their hours during the pandemic, leading to a decrease in patient volume. This has resulted in a significant reduction in revenue for many orthodontic practices.
Delayed Treatment: Many patients have postponed their orthodontic treatment due to concerns about COVID-19, resulting in delayed treatment and reduced revenue for orthodontic practices.
Changes in Treatment Protocols: The pandemic has led to changes in orthodontic treatment protocols to ensure patient safety. This has included increased use of personal protective equipment (PPE) by orthodontic providers, as well as changes to appointment scheduling and treatment procedures to reduce the risk of virus transmission.
Supply Chain Disruptions: The pandemic has disrupted global supply chains, leading to shortages of orthodontic appliances and other materials. This has resulted in delays in treatment and increased costs for orthodontic practices.
Accelerated Adoption of Teleorthodontics: The pandemic has accelerated the adoption of teleorthodontics, which allows orthodontic providers to remotely monitor patients and provide treatment advice. This has enabled orthodontic practices to continue providing care to patients during periods of social distancing and reduced patient volume.
Overall, the COVID-19 pandemic has had a significant impact on the orthodontics market, with reduced patient volume and delayed treatment leading to a decrease in revenue for many orthodontic practices. However, the pandemic has also accelerated the adoption of teleorthodontics and other technologies, which may have long-term benefits for the industry.
Regional Trend
The orthodontics market varies by region, with different factors driving market growth and demand in different parts of the world. Here is a regional analysis of the orthodontics market: The North American orthodontics market is one of the largest in the world, driven by factors such as a high prevalence of malocclusions, growing awareness of orthodontic treatment, and favorable reimbursement policies. The market is also driven by technological advancements, with clear aligners and other invisible orthodontic appliances being popular treatment options. The European orthodontics market is driven by factors such as a high prevalence of malocclusions, increasing disposable income, and growing awareness of the benefits of orthodontic treatment. The market is also being driven by technological advancements, with clear aligners and other invisible orthodontic appliances gaining popularity.
The Asia Pacific orthodontics market is one of the fastest-growing in the world, driven by factors such as a large population, increasing disposable income, and growing awareness of orthodontic treatment. The market is also being driven by technological advancements, with clear aligners and other invisible orthodontic appliances becoming increasingly popular. The Latin American orthodontics market is growing rapidly, driven by factors such as a large population, increasing disposable income, and growing awareness of orthodontic treatment. The market is also being driven by the availability of affordable orthodontic treatment options, such as metal braces. The Middle East & Africa orthodontics market is growing, driven by factors such as increasing disposable income, growing awareness of orthodontic treatment, and the availability of advanced orthodontic treatment options.
Overall, the orthodontics market varies by region, with different factors driving market growth and demand. The market is being driven by factors such as increasing awareness of the benefits of orthodontic treatment, technological advancements, and rising disposable income levels in many parts of the world.
Competitive Landscape
The orthodontics market is highly competitive, with numerous players operating in the space. Here are some of the major companies in the orthodontics market:
Align Technology: Align Technology is a leading company in the orthodontics market, known for its clear aligner system, Invisalign. Invisalign has gained popularity in recent years due to its discreet and comfortable treatment option.
3M: 3M is a diversified technology company that offers a range of orthodontic products, including metal and ceramic braces, wires, and adhesives.
Danaher Corporation: Danaher Corporation is a global science and technology company that owns several orthodontic brands, including Ormco and Kavo Kerr. Ormco offers a range of orthodontic appliances, including metal and ceramic braces, while Kavo Kerr offers orthodontic instruments and equipment.
Dentsply Sirona: Dentsply Sirona is a leading provider of dental products, including orthodontic appliances such as brackets, wires, and aligners.
Straumann Group: The Straumann Group is a global provider of dental solutions, including orthodontic appliances such as clear aligners and metal braces.
Other notable players in the orthodontics market include G&H Orthodontics, Henry Schein Orthodontics, American Orthodontics, and Rocky Mountain Orthodontics. Overall, the orthodontics market is highly competitive, with numerous players offering a range of products and services. Companies are competing on factors such as product innovation, pricing, and distribution channels to gain market share and increase revenue.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
By Product Type
• Fixed Braces
• Removable Braces
• Adhesives
• Wires
By Patient Age Group
• Children and Teenagers
• Adult
Region
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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