Orthodontic Supplies Market primarily consists ofproduct such as orthodontic adhesives, archwires, brackets, ligatures and anchorage supplies among others. Orthodontic supplies are used to treat dental deformities such as malocclusions or misalignment of teeth or jaws. Misalignment of teeth or jaws result to Malocclusion which have potential to lead to weakening of facial muscles and chewing food; it can further lead to lack of aesthetic appeal coupled with digestive problems.Demand for various orthodontic supplies is driven by increasing prevalence of malocclusions among adults and children worldwide. Moreover, the desire to have flawless teeth will fuel the demand as more and more people will opt for orthodontic treatment due to aesthetic concerns.
Marker Overview:
• Global Orthodontic Supplies Market is projected to expand with a CAGR of 9.5% during the forecast timeline, 2019 to 2027.
• The Orthodontic Supplies market valued over USD 4.3billion in 2018 and is poisedto expand with a CAGR of over 9.5% during the forecast period to reach a market value over USD 8.1 billion by the end of 2027
• Removable bracesmarket account for majority of market share, in fact, in 2019, the removable braces market valued over USD 2 billion and will continue to dominate the market over the forecast period.
• Being the first of the kind solution for dental deformities, fixed braces demand is slowing falling and the fixed braces market is gradually moving into maturity phase. However, in developing countries, fixed braces are still preferred over removable because of their affordability. During the forecast period, the fixed braces market will grow with a CAGR of over 8.5%.
• In 2018, North America Orthodontic Supplies market accounted for the largest share of the global Orthodontic Supplies market. Accounting for more than 35% market share, the market in this region is driven by demand from U.S. Orthodontic Supplies market. This largest share can be attributed to the high demand of modern dental products such as invisible braces.
• Asia PacificOrthodontic Supplies market is expected to grow at a fastest CAGR of over 11% over the forecast timeframe. Valued over USD 700 million in 2018, the market in this part of the world will be strongly driven by demand from China orthodontic supplies market which is projected to expand with a CAGR of over 12% over the forecast timeframe.
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Research Scope:
On the basis of product, the Orthodontic Supplies Market is segmented into;Product (Fixed Braces {Brackets, Archwires, Anchorage Appliances, Ligatures}, Removable Braces, Orthodontic Adhesives), By Patient (Children & Teenagers, Adults). Finally, the market is segmented into region wise which includes North America, Europe, and Asia Pacific, Middle East & Africa and Latin America and their respective countries.
Years considered for this report:
• Historical Years: 2015 – 2018
• Base Year: 2019
• Forecast Period: 2020 – 2027
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Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants.
Primary research involves telephonic interviews, e-mail interactions and face-to-face interviews for detailed and unbiased reviews on the air purifier market across geographies. Primary interviews are usually conducted on an on-going basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding.
Competitive Market Players:
The Orthodontic Supplies Market is dominated by the presence of a few key players operating globally, which include Astar Orthodontics, Danaher Corporation,Align Technology, American Orthodontics, DB Orthodontics, Great Lakes Orthodontics and 3M. There is presence of other small and medium industry participants striving to gain market share.
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