Latest Study on “Orthodontic Supplies Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.
The global Orthodontic Supplies market size is expected to be worth around US$ 11.3 billion by 2027, according to a new report by nova one advisor.
The global Orthodontic Supplies market size was valued at US$ 3.9 billion in 2020 and is anticipated to grow at a CAGR of 10% during forecast period 2021 to 2027.
Overview of Orthodontic Supplies Market Study
Orthodontic Supplies market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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Variou factors such as rise in worldwide prevalence of malocclusion, growing focus in cost of effective orthodontic treatment are anticipated to fuel the market growth. Along with this, the initiatives undertaken by governments to increase the awareness about orthodontic treatments and the increase in the availability of advanced orthodontic supplies in the market are exopecetd to boost the demand for orthodontic supplies during the forecast period.
Orthodontic supplies Market Dynamics
Driver: Increase in the prevalence of incidence of malocclusions and jaw diseases
Malocclusions most common forms of oro-dental problems condition in children and adolescents worldwide. Some of the common ortdontic problems include cross bite, openbite, overbite, and spacing. Orthodontic supplies, such as fixed braces and removable braces are the most commonly used products for the effective treatment of malocculusions. Furthermore, with rising disposable income levels, growing oral health awareness, and increase in the number of dental clinics aross the globe are likely to augument the market growth.
Restraint:High cost of advanced orthodontic treatments in some nations
As the population in emerging nations is price-sensitive, they prefer lower-priced products. Although the cost of orthodontic treatments in developing countries such as Mexico, Peru, India, and the Philippines is lower than in developed countries, these procedures are still unaffordable for a large portion of the population due to the low purchasing power. This limits the demand and uptake of orthodontic treatments in developing as well as developed countries.
Opportunity: Emerging markets in APAC and RoW
Emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities for players in the orthodontic supplies market. Growth in these markets can be attributed to the presence of a large patient population, rising disposable incomes among the middle-class population, and the increasing focus of public and private organizations on increasing the awareness about orthodontic treatments and dental hygiene. To leverage the significant growth opportunities in emerging countries, players are increasingly focusing on undertaking strategic developments to increase their presence in these markets and tap a large number of customers.
Along with this, many players are focusing on strategic investments to develop end-to-end digital software solutions with 3D digital scanning, diagnostics, outcome visualization, treatment planning, custom appliances, and custom lab products. For instance, in September 2020, Light Force Orthodontics, a manufacturer of customizable 3D-printed bracket systems, raised USD 14 million from Series B round led by Tyche Partners with follow-on investment from Matrix Partners and AM Ventures.
This 3D printing technology helps to create customized braces for each patient. This plays a critical role in significantly reducing the number of visits to orthodontic clinics for the adjustment of braces. These developments are expected to provide a wide range of opportunities for players to capture a large customer base in the orthopedic supplies market.
Challenge: Dearth of trained dental practitioners
The demand for dental care services is expected to grow across the globe mainly due to the changing demographics, growing dental care awareness, and the rising prevalence of dental diseases. Regions such as Africa, Asia, and Latin America have a shortage of oral health personnel. The shortage of dentists and lack of training among dentsis about the adavanced orthodontic in these are factors expected to reduce the adoption of dental consumables despite the presence of a large target patient population.
By product, removable braces segment is expected to have the highest growth rate during the forecast period
The higesht growth of of this segment is attributed to factors prevalence of malocclusion and growing patient awareness about the adavanatages of removable braces, along with presence of well established players with strong offerings in removable braces.
Brackets accounted for the largest share of the orthodontic supplies market, by apalication, in 2020
The rise in the global prevalence of orthodontic problesms such as overcrowding, crossbite, diastema and influx of different types of adavanced brackets for the treatment of malocclusion are likely to fuel the growth of this segment during the forecast period.
Adult segmnet accounted for the largest share of the orthodontic supplies market, by patient, in 2021
The increasing demand for invisible braces among adults due to aesthetic concerns, huge adult population base, availability of advanced orthodontic products, and increasing disposable incomes are the major factors driving the growth of this segment.
hospital and dental clinics accounted for the largest share of the orthodontic supplies market, by end user in 2021
The segment accounted for the highest share owing to the increase in the emphaisis on investments in the hospitals and dental clincs by many privaty equity firms to establish large chain of dental clinics are likely to play a significant role in propelling the growth of segment in the coming years. Moreover, growing dental tourism industry, along with the rapid cosmetic procedures are likely to augument the segment growth during the forecat period.
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COVID-19 Impact on Orthodontic Supplies Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Orthodontic Supplies market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Orthodontic Supplies market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Orthodontic Supplies market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Orthodontic Supplies market include:
3M (US), Envista Holdings Corporation (US), Dentsply Sirona (US), Align Technology (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), Dentaurum (Germany), TP Orthodontics (US), Great Lakes Dental Technologies (US), DB Orthodontics (UK), Morelli Orthodontics (Brazil), ClearCorrect (US), and Ultradent Products (US).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Fixed Braces
- Brackets, by Type
- Conventional Brackets
- Self-ligating Brackets
- Lingual Brackets
- Brackets, by Material
- Metal/Traditional Brackets
- Ceramic/Aesthetic Brackets
- Beta Titanium Archwires
- Nickel Titanium Archwires
- Stainless Steel Archwires
- Anchorage Appliances
- Bands and Buccal Tubes
- Elastomeric Ligatures
- Wire Ligatures
- Brackets, by Type
- Removable Braces
- Children and teenagers
By End User
- Hospitals, and Dental Clinics
- E-Commerce Platforms
Browse Complete Table of Content@ https://www.novaoneadvisor.com/toc/orthodontic-supplies-market
Why Buy this Report?
The purpose of Nova one advisor’s Orthodontic Supplies market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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