Global Orthodontic Supplies Market is poised to reach USD 3,978.6 million by 2020, growing at a CAGR of 6.9% during the forecast period.
Global orthodontic supplies market has been segmented on the basis of products into fixed braces and removable braces. The fixed braces segment is further categorized into brackets (conventional brackets, self-ligating brackets, and lingual brackets), archwires (beta titanium archwires, nickel titanium archwires, and stainless steel archwires), anchorage appliances (bands and buccal tubes and miniscrews), and ligatures (elastomeric ligatures and wire ligatures). The fixed braces segment is estimated to account for the largest share of the global orthodontic supplies market in 2015. Factors such as technological advancements in orthodontic products, increasing number of malocclusion cases, and growing awareness among customers regarding advanced orthodontic treatments are driving the growth of the orthodontic supplies market. Geographically, the global orthodontic supplies market has been classified into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)*. The orthodontic supplies market is also analyzed at country levels. North America comprises the U.S. and Canada; Europe comprises Germany, France, the U.K., and Rest of Europe);and Asia-Pacific comprises India, China, Japan, and Rest of Asia-Pacific.
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Factors such as growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain; technological advancements in the field of orthodontics; increasing demand for orthodontic treatment among adolescents; and rising disposable incomes in developing countries such as India, China, and Brazil having relatively high DMFT (Decayed, Missing, and Filled Teeth) index are driving the growth of the orthodontic supplies market. On the other hand, factors such as several risks and complications during or post orthodontic treatments and limited reimbursement coverage for orthodontic treatments are restraining the growth of this market. Additionally, growing demand for invisible braces among teenagers and adults and increasing adoption of orthodontic treatments in emerging markets are creating growth opportunities for the orthodontic supplies market.
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Although mature markets (such as the U.S., Germany, France, and U.K.) hold larger shares in the orthodontic supplies market, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period. Key Players are Align Technology (U.S.), American Orthodontics (U.S.), BioMers Pte Ltd. (Singapore), DB Orthodontics Ltd. (U.K.), DENTSPLY International, Inc. (U.S.), G&H Orthodontics Inc. (U.S.), Henry Schein, Inc. (U.S.), Ormco Corporation (U.S.), and Rocky Mountain Orthodontics, Inc. (U.S.) are some of the other key players in this market.
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