Meticulous Research®—a leading global market research company, published a research report titled, ‘Orthodontics Market by Product (Clear Aligners, Fixed Braces {Brackets, Wires [Nickel, Titanium] Anchorage, Ligatures}, Bonding, Adhesives, Springs, Tubes, Bands), Patient (Teen, Adult), End User (Hospital, Clinics, Research) - Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the orthodontics market is projected to reach $30.2 billion by 2030, at a CAGR of 14.6% during the forecast period. The high prevalence of malocclusion, the increasing adoption of digital technologies for orthodontic treatments, and the growing demand for cosmetic dentistry are the factors driving the growth of this market. In addition, the high growth of orthodontic treatments in developing countries is expected to offer better growth opportunities for market expansion. However, the high cost of orthodontic treatments is expected to restrain the growth of this market to some extent.
Key Players
The key players profiled in the Orthodontics market are Align Technology, Inc. (U.S.), Institut Straumann AG (Switzerland), Henry Schein, Inc. (U.S.), Envista Holdings Corporation (U.S.), 3M Company (U.S.), DENTSPLY SIRONA Inc. (U.S.), American Orthodontics (U.S.), DENTRUM GmbH & Co.KG (Germany), Angelalign Technology Inc. (China), SmileDirectClub, Inc.(U.S.), Rocky Mountain Orthodontics (U.S.), Ultradent Product’s, Inc. (U.S.), G &H Orthodontics (U.S.), TP Orthodontics, Inc. (U.S.), DB Orthodontics Limited (U.K.), Great Lakes Dental Technologies (U.S.), and Geniova Technologies, S.L (Spain).
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Orthodontics Market: Future Outlook
The global orthodontics market is segmented by Product [Removable braces {Clear Aligners, Retainers}, Fixed braces {Brackets (Metal Brackets, Aesthetic Brackets), Archwires (Stainless Steel, Nickel Titanium, Beta Titanium, and Others), Anchorage Appliances, Ligatures}, Other Orthodontic Products {Bands & Buccal Tubes, Bonding & Adhesives, Wire Accessories & Springs, and Other Accessories}], Patient type [Children & Teen, Adults], End User [Dental Clinics & Hospitals, Dental Laboratories, Research Institutes], and Geography. The study also evaluates industry competitors and analyzes their market share at the global and regional levels.
Based on product, in 2023, the removable braces segment is expected to account for the largest share of the orthodontics market. The large market share of this segment is attributed to the high prevalence of malocclusion and the growing demand for customized clear aligners in adults and children/teens.
Based on patient type, the orthodontics market is segmented into children & teens and adults. In 2023, the adults segment is expected to account for the largest share of the orthodontics market. The large market share of this segment is attributed to the high prevalence of malocclusion in children and the increasing focus on dental aesthetics to boost self-esteem.
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Based on end user, in 2023, the dental clinics & hospitals segment is expected to account for the largest share of the orthodontics market. Factors contributing to the large market share of this segment include the increased prevalence of malocclusion, emerging chains of dental clinics, and the high adoption of new technologies for orthodontic procedures by clinics & hospitals.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Thailand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, UAE, and Rest of Middle East & Africa). In 2023, North America is expected to account for the largest share of the orthodontics market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market in North America. High healthcare spending, high disposable incomes, trends of aesthetic self-appearance in teen and adolescent populations, and dental awareness contribute to the large share of this market.
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