Orthodontics Market to Show Incredible Growth by 2030
Orthodontics Market is valued around USD 1.87 Billion
in 2019 and expected to reach USD 4.32 Billion by 2030 with the CAGR of 7.9%
over the forecast period.
Orthodontics is a dental
procedure which is used for the treatment of various dental problems such as
crooked teeth, protruding teeth, malocclusions and other. The uneven as well as
unaligned teeth can cause various problems which may create unwanted pressure
on the teeth; this may also lead to severe headaches. Orthodontics includes the
wide range of procedures which requires various instruments for the diagnosis &
treatments. Some of the most commonly performed procedures involve ligation,
brackets and many more.
Global Orthodontics Market
report is segmented on the basis of product type, age group and by regional. Based
upon product type, the orthodontics market is fragmented into brackets,
anchorage appliances, ligatures, and archwires. Based on age group, the market
is fragmented into children and adult. The regional bifurcation of countries
includes North America, Europe, Asia-Pacific, and RoW which are further
segmented into major countries such as U.S., UK, France, and others.
The orthodontics market is
mainly driven by the constant rise in the dental problems with changing food
habits. In addition, boost in the growth of geriatric population with
technological advancements along with addition in the dental clinics over the
period of time. Moreover, surge in the consumer awareness about oral hygiene followed
by rapid development of healthcare facilities over the period of time are also
likely to fuel the market growth. However, lack of proper reimbursement
policies as well as high cost of the dental procedures is expected to hamper
the market growth in the near future.
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The developed regions such
as North America and Europe are expected to hold the major market share owing
to the presence of well developed healthcare infrastructure as well as
healthcare facilities along with various technological advancements. Moreover,
Asia Pacific is expected to dominate the orthodontics market in terms of growth
rate owing to the escalating accessibility to healthcare facilities with
geriatric population. Moreover, high demand of advanced dental aesthetics
followed by the growth in government initiatives to further promotes the oral
hygiene.
The major market players
profiled in the orthodontics market includes Align Technology, Inc., Rocky
Mountain Orthodontics, Inc., American Orthodontics, DENTSPLY International,
Inc., Danaher Corporation, 3M Company, G&H Orthodontics, Inc., Henry
Schein, Inc., Dentaurum GmbH & Co. KG, and TP Orthodontics, Inc. among
others.
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