The orthodontic supplies market report also tracks and analyzes competitive developments in the market like product launches & enhancements; mergers and acquisitions; partnerships and collaborations; and expansions.
The global orthodontic supplies market is projected to reach USD 6.63 billion by 2023 from USD 4.32 billion in 2018, growing at a CAGR of 8.9% from 2018 to 2023.
North America is expected to hold the largest share of global orthodontic supplies market in 2018, however, Asia Pacific is expected to grow at fastest rate during forecast period. By patient, orthodontic supplies market is categorized into children and teenagers and adults.
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The orthodontic supplies market report profiles key players who are involved in the manufacturing and commercialization of orthodontic products and analyzes their core competencies. Key factors driving growth of orthodontic supplies market include growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain; expanding middle-class population in developing countries coupled with increasing disposable incomes; and ongoing research and technological advancements in orthodontic products.
The orthodontic supplies market is classified into fixed braces, removable brace, adhesives, and accessories (headgear and retainer). In 2018, the fixed braces product segment accounted for the largest share of the market, however, the removable braces product segment is expected to grow at the highest CAGR during the forecast period.
Geographically, Orthodontics supplies market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2018, the global orthodontic supplies market is expected to be dominated by North America, followed by Europe. Report forecasts the revenue of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
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The orthodontic supplies market is segmented into children and teenagers and adults. The adults patient segment is estimated to witness the highest growth during the forecast period owing to factors such as the increasing demand for invisible braces among adults due to aesthetic concerns.
Some of major market players in orthodontic supplies market are Align Technology, Inc. (US), 3M Company (US), and Danaher Corporation (US), Henry Schien, Inc. (US), DENTSPLY SIRONA, Inc. (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), DENTAURUM GmbH & Co. (Germany), TP Orthodontics, Inc. (US), Clear Correct (a subsidiary of Straumann Holding AG, Switzerland), Ultradent Products, Inc. (US) Great Lakes Orthodontics, Ltd. (US), DB Orthodontics (UK), and Dental Morelli Ltda. (Brazil), among others.
The global orthodontic supplies market is anticipated to experience a major development and a significant growth rate in the coming future. Growing occurrence of oral diseases and technologically developing orthodontic products are likely to be some of the major aspects driving the demand and popularity of orthodontic supplies. In addition, growing disposable income and increasing knowledge in customers about orthodontic treatment is expected to propel the development of the global orthodontic supplies market.
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The global orthodontic supplies market is categorized, in terms of product, in which the fixed braces division is expected to hold the highest market share in the global market, primarily owing to its precision and efficacy in curing the irregularities in dental composition. Detachable braces are likely to register the highest expansion in the global orthodontics supplies market in the coming future. In terms of the end user, teenagers & children are projected to be the largest end user in the global orthodontic supplies market.
Product launches and enhancements are the key growth strategies adopted by major players to strengthen their position in the global orthodontic supplies market. In addition, strategies such as partnerships and collaborations; mergers and acquisitions; and expansions were also adopted by several market players to remain competitive in the market.
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