Rising incidence of dental problems, especially among children, and advances in orthodontics technology are among the key factors driving the global orthodontics market revenue growth.
Rising incidence of dental problems, especially among children, and advances in orthodontics technology are among the key factors driving the global orthodontics market revenue growth
Emergen Research has published its latest report titled “Orthodontics Market, By Product Type (Instruments, Consumables), By Application (Adults, Children), By End-use (Hospitals, Dental Clinics, Others), and By Region Forecast to 2028”
According to Emergen Research, the global orthodontics market size was USD 5,055.16 million in 2020 and is expected to reach USD 11.77 billion in 2028 and register a revenue CAGR of 11.1% during the forecast period, 2021-2028.
Market Dynamics:
Steady revenue growth of the global orthodontics market is primarily driven by factors such as rising incidences of dental problems or disorders, especially among children or the geriatric population, and increasing occurrences of common orthodontic issues (including crowded teeth, spaces, deep bite, open bite, underbite, overjet, hypodontia, and impacted teeth). In addition, increasing awareness of advanced orthodontic solutions and growing use of orthodontic instruments and consumables by dentists or orthodontists to treat children and adults are some other factors expected to fuel market revenue growth going ahead.
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Orthodontics is branch of dentistry that deals with the correction and prevention of teeth irregularities such as malocclusion or abnormal teeth alignment. Technological advancements in orthodontic technology and instruments, such as 3D imaging and CAD (computer-aided-design)/ CAM (computer-aided-manufacturing) devices, and rising popularity of cosmetic dentistry – particularly among the millennials – are among the other major factors expected to boost the global orthodontics market revenue growth over the upcoming years. Moreover, rising awareness of the importance of maintaining oral health, rapid adoption of healthier lifestyles, and increasing prevalence of gum or periodontal diseases, along with the growing risks of oral cancer are factors that further support market revenue growth.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Consumables Segment Accounted for Largest Revenue Share in 2020:
The consumables segment dominated other segments in terms of revenue share in the global market in 2020. Factors contributing to revenue growth of this segment are rising prevalence of gum or periodontal diseases and growing demand for orthodontic consumables such as braces, ligatures, and anchorage devices, which help in speech impairment mitigation, decrease teeth grinding and chipping, ease cleaning/brushing, and prevent the risk of protruding teeth.
Children Segment to Account for Fastest Revenue CAGR:
Among application segments, the children segment is expected to register the fastest revenue growth rate in the global orthodontics market over the forecast period. Growing need for orthodontic treatments and solutions among children with impaired speech or common orthodontic problems such as crowded teeth, deep bite, underbite, and hypodontia is a key factor driving revenue growth of this segment. Orthodontics helps in teeth alignment and improves the functioning of the teeth improve, enhancing its aesthetic appearance.
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North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America orthodontics market accounted for the largest revenue share in the global market in 2020. Growing geriatric population, rising incidences of dental or gum problems, rapid adoption of technologically advanced orthodontic solutions including 3D imaging and CAD/CAM devices, increasing volumes of orthodontic procedures, and growing preference for cosmetic dentistry are among the key factors supporting the regional market revenue growth.
Major Companies in the Global Orthodontics Market Include:
- Danaher Corporation
- GC Corporation
- Patterson Companies
- 3M Company
- American Orthodontics
- Henry Schein Inc.
- DENTSPLY International Inc.
- Septodont
- Zimmer Holdings Inc.
- Ormco Corporation
For the purpose of this report, Emergen Research has segmented the global orthodontics market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Instruments
- Consumables
- Brackets
- Fixed
- Removable
- Anchorage Appliances
- Bands & Buccal Tubes
- Miniscrews
- Ligatures
- Elastomeric
- Wire
- Archwires
Application Outlook (Revenue, USD Billion; 2018-2028)
- Adults
- Children
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Dental Clinics
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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