Orthodontic Supplies Market is expected to reach US$ 3.95 Bn by 2026 at a CAGR of 8.5% during the forecast period. Orthodontics is a special field which is related to dentistry, it mainly deals with remedying hindrance in the teeth, or in other words, it helps in the arrangement of teeth perfectly. It’s a highly developing segment, as the standard of living is growing around the world.
The growing number of patients with malocclusions, and jaw disorders; increasing awareness about the availability of advanced orthodontic treatments; increasing disposable incomes and the expanding middle-class population in developing countries; act as drivers for the market growth and would create numerous market opportunities. Furthermore, a high cost of orthodontic treatment, limited insurance coverage, and also risk associated with orthodontic treatment may hamper the market growth.
Orthodontic Supplies Market, By Region
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Orthodontic supplies market is segmented by product, patient, and region. Among products, fixed braces division market accounted for the largest share in 2018. Fixed braces division dominated in 2018 due to its precision and efficacy in curing the irregularities in dental composition.
Key Players in Orthodontic Supplies Market
Based on patients, children’s and teenagers division is expected to be one of the fastest growing segments in the forecast period. Orthodontic supplies treatments are more effective and booming in teenagers or children as a cure at initial age prevents the growth of severe issues.
Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to the high prevalence of the dental disorders, along with the increasing surge in people to look better aesthetically. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to a growing number of the orthodontic/dental companies, rising healthcare expenditure, and improvement in healthcare access.
Orthodontic Supplies Market, by Product
Brackets, by type
Brackets, by material
There is a sturdy growth in the production as new companies are entering the structural heart market. For example, in May 2016, a leading medical devices company,3M Company (US), announced its intentions to enter the orthodontic supplies market.
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In the orthodontic supplies market, 3M Company (US), holds the leadership position due to production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. In 2018, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.
Some TOC Points Covered in This Keyword Market Report are:
Chapter 1: Preface
Chapter 2: Assumptions and Research Methodology
Chapter 3: Executive Summary
Chapter 4: Market Overview
Chapter 5: Supply Side and Demand Side Indicators
Chapter 6: Market Analysis and Forecast
Chapter 7: Company Profiles
Chapter 8: Primary Key Insights
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