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Published On: Oct 13, 2022 by Modortho
The global orthodontics market is expected to reach USD 10.8 billion by 2026 from USD 7.3 billion in 2020, at a CAGR of 7.0% during the forecast period. The rising awareness about dental aesthetics, technological advancements, and increase in disposable income are the major factors driving the growth of this market. However, the high cost of treatment and dearth of trained orthodontists are restraining the market growth to a certain extent. This research report on the global orthodontics market includes: • Analysis of the Orthodontics Market based on Product, Treatment, End User, and Region • Insights on major players in this market including 3M Company, Align Technology Inc., American Orthodontics Corporation, Modern Orthodontics, Danaher Corporation (Institut Straumann AG), Dentsply Sirona Inc., Henry Schein Inc., Zimmer Biomet Holdings Inc., and others • Evaluation of market dynamics including drivers, restraints & opportunities
The global orthodontics market is expected to reach USD 10.40 billion by 2026
The global orthodontics market is expected to reach USD 10.40 billion by 2026, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 6.2% over the forecast period. Increasing awareness about dental aesthetics and growing demand for esthetic braces are major factors driving the growth of the market. In addition, technological advancements in braces and other orthodontic devices are expected to fuel the market growth over the forecast period. For instance, in September 2018, Align Technology, Inc., received FDA clearance for its new product, Smart Track 3D Application Suite. This product uses 3D scanning technology for treatment planning and patient monitoring. Similarly, in January 2017, Henry Schein Orthodontics launched Sure Smile QCK5 Bracket System with Quick Connect technology that allows brackets to be placed on teeth quickly and easily. The global orthodontics market is segmented based on type, end-use, and geography. Based on type, the market is categorized into metal braces, ceramic braces, clear aligners/invisible braces/clear braces/lingual braces (CAL), and functional appliances & others (including headgear & retainers). Among these types of products metal braces accounted for the largest share of XX% in 2018 due to their low cost as compared to other types of products such as clear aligners/ invisible braces /CAL which are expensive as well as require
The market is anticipated to grow at a CAGR of 5.5% from 2019 to 2026
The global orthodontics market is expected to reach USD 8.31 billion by 2026, growing at a CAGR of 5.5% during the forecast period of 2019-2026. The rising prevalence of malocclusions and other dental anomalies is a major factor driving the growth of this market. In addition, the increasing awareness about the importance of oral health and the aesthetic appeal of straight teeth are other factors fuelling the growth of this market.
The major players in this market are Align Technology, Inc., Dentsply Sirona, Henry Schein, Inc., Straumann Holding AG, and 3M Company among others. Market growth is driven by the increasing demand for cosmetic dentistry, technological advancements in dental braces, and the growing awareness of orthodontic treatments The global orthodontics market is expected to grow at a CAGR of around 6.3% during the forecast period of 2020-2025. The market is driven by the increasing demand for cosmetic dentistry, technological advancements in dental braces, and the growing awareness of orthodontic treatments. The increasing demand for cosmetic dentistry is one of the major drivers for the growth of the orthodontics market. According to a report by Grand View Research, Inc., the global cosmetic dentistry market was valued at USD 23.8 billion in 2018 and is expected to grow at a CAGR of 7.5% from 2019 to 2025. The growing demand for cosmetic dentistry is attributed to the increasing awareness about Smile Makeovers and other dental aesthetic procedures such as teeth whitening, bonding, veneers, and others.
Technological advancements in dental braces are another major driver for the growth of the orthodontics market. According to a report by Transparency Market Research (TMR), the global dental braces market was valued at USD 8.68 billion in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period from 2019-2027. Technological advancements such as invisible braces and self-ligating braces are driving the growth of this market. Invisible braces are made from clear or tooth-colored ceramic brackets that blend in with your natural tooth color and are less visible than metal braces
North America is expected to dominate the orthodontics market due to the high
North America is expected to dominate the orthodontics market due to the high prevalence of malocclusion and other tooth disorders in the region. The rising awareness about dental aesthetics and the growing demand for minimally invasive treatments are also fuelling the growth of the orthodontics market in North America. The high cost of orthodontic treatments and the lack of insurance coverage are some of the major factors restraining the growth of the orthodontics market in North America.