According to Custom Market Insights (CMI), the global Orthodontics Market size was estimated at USD 2,876.4 Million in 2023 and is anticipated to reach around USD 7,637.8 Million by 2030, recording a CAGR of roughly 10.7% between 2023 and 2030.
The rising demand for dental orthodontics treatment among teenagers and young adults is expected to fuel the growth of the market. Additionally, the CMI team can provide insights into potential revenue-generating opportunities in the market.
Browse the full “Orthodontics Market Size, Trends and Insights By Age Group (Adults, Children), By Type (Brackets, Fixed brackets, Removable brackets, Anchorage Appliances, Bands and buccal tubes, Miniscrews, Ligatures, Elastomeric ligatures, Wire ligatures, Archwires), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/orthodontics-market/
Orthodontics Market: Dynamics
The orthodontics market is expected to see significant growth in the coming years due to various factors such as increasing awareness about oral health, rising demand for cosmetic dentistry, and advancements in technology.
One of the major drivers of the market is the growing prevalence of malocclusion and jaw disorders. Malocclusion is a misalignment of teeth that can lead to several dental problems such as tooth decay, gum disease, and difficulty in chewing. According to the American Association of Orthodontics, nearly 30% of the US population suffers from malocclusion. This has led to increasing demand for orthodontic treatments such as braces, clear aligners, and retainers.
Another factor contributing to the growth of the orthodontics market is the rising demand for cosmetic dentistry. With an increasing emphasis on appearance and aesthetics, more and more people are seeking orthodontic treatment to improve the appearance of their teeth and smile. This trend has led to the development of new and advanced orthodontic treatments that are more discreet and less visible, such as clear aligners.
Advancements in technology have also played a significant role in driving the growth of the orthodontics market. The development of digital imaging and 3D printing technologies has revolutionized orthodontic treatment planning and has made it possible to create customized orthodontic appliances for each patient. Additionally, the use of robotics and artificial intelligence in orthodontics is expected to further accelerate the growth of the market in the coming years.
However, there are also challenges that the orthodontics market faces, such as high treatment costs and the availability of trained orthodontic professionals. The cost of orthodontic treatment can be a significant barrier for many patients, particularly those without insurance coverage. Additionally, there is a shortage of trained orthodontic professionals in some regions, which can limit access to orthodontic treatment.
Overall, the orthodontics market is expected to continue growing due to increasing demand for orthodontic treatments, advancements in technology, and growing awareness about oral health.
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Orthodontics Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the orthodontics market, with both positive and negative effects.
On the positive side, the pandemic has led to an increased awareness of the importance of oral health, particularly as many people have spent more time at home and have been able to focus on self-care. This has resulted in an increased demand for orthodontic treatments, particularly clear aligners and other discreet options that can be done at home. Additionally, the shift towards remote work and telehealth has made it easier for patients to consult with orthodontists and receive treatment from the comfort of their own homes.
On the negative side, the pandemic has led to disruptions in the global supply chain, which has affected the availability of orthodontic products and equipment. Additionally, many orthodontic clinics were forced to close temporarily due to lockdowns and social distancing measures, which has resulted in a decline in orthodontic procedures and revenue.
However, as vaccination rates increase and lockdowns are lifted, the orthodontics market is expected to recover and experience growth in the coming years. The increasing demand for orthodontic treatments, particularly among adults, is expected to drive growth in the market. Additionally, the continued development of advanced orthodontic technologies and the shift towards digital and remote treatments are expected to further accelerate growth in the market.
Some of the Prominent Players in the Market are:
- 3M Company
- Align Technology Inc.
- American Orthodontics
- Envista Holdings Corporation
- Dentaurum GmbH & Co. KG
- Dentsply Sirona Inc.
- G&H Orthodontics Inc. (Altaris Capital Partners LLC)
- Henry Schein Inc.
- Rocky Mountain Orthodontics Inc.
- T.P. Orthodontics Inc.
Table of Contents: https://www.custommarketinsights.com/report/orthodontics-market/#table-of-contents
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