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| Orthodontics Market |
The global Orthodontics Market is estimated to be valued at US$ 5.23 billion in 2023 and is
expected to exhibit a CAGR of 6.94% over
the forecast period 2023-2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
The Orthodontics Market refers to the dental treatment of misaligned teeth,
jaw, and bite abnormalities. The market offers various products such as braces,
clear aligners, and retainers. These orthodontic products help in enhancing
dental aesthetics and also improve oral health. The increasing prevalence of
orthodontic abnormalities and the growing desire for better dental aesthetics
and oral hygiene are driving the demand for orthodontic products. The market is
witnessing significant growth due to advancements in technology, such as the
introduction of 3D printing in orthodontics. Moreover, the rising consumer
awareness regarding the long-term advantages of orthodontic treatment is
further propelling market growth.
Market Key Trends:
One key trend in the Orthodontics
Market Size is the growing demand for clear aligners. Clear aligners
are transparent trays made from medical-grade plastic that are used to
straighten misaligned teeth. The demand for clear aligners is increasing due to
their aesthetic appeal and the convenience they offer. Unlike traditional
braces, clear aligners are virtually invisible and can be easily removed,
allowing for easy maintenance of oral hygiene. Additionally, clear aligners
provide a more comfortable treatment experience as they do not require
adjustments like traditional braces. The ability of clear aligners to provide effective
orthodontic treatment while maintaining a natural smile is driving their
adoption among both adults and teenagers.
Note: The given data about key players (3D Systems Corporation, 3M Company,
3Shape A/S, Align Technology,
Segment Analysis
The orthodontics market can be segmented based on product type, patient age
group, and end-user. By product type, the market is dominated by fixed braces,
which accounted for the largest share in 2022. Fixed braces are preferred due
to their effectiveness in correcting complex dental problems and their
affordability compared to other orthodontic treatments. The increasing
prevalence of malocclusion and the growing awareness about the importance of
dental aesthetics are driving the demand for fixed braces.
By patient age group, the adult segment is expected to witness the highest
growth rate during the forecast period. This can be attributed to the rising
number of adults seeking orthodontic treatment for cosmetic reasons, as well as
the increasing availability of invisible aligners and other aesthetically
pleasing orthodontic appliances.
Based on end-user, the orthodontics market is divided into hospitals, dental
clinics, and others. Dental clinics dominate the market, as they are more
accessible to patients and offer specialized orthodontic services. Moreover,
dental clinics are equipped with advanced orthodontic tools and technologies,
which further contribute to their dominance in the market.
Key Takeaways
The global orthodontics market is expected to witness high growth, exhibiting a
CAGR of 6.94% over the forecast
period. This growth can be attributed to increasing awareness about oral health
and dental aesthetics, as well as the growing prevalence of malocclusion
worldwide. Additionally, technological advancements in orthodontic treatments,
such as the development of 3D printing and CAD/CAM technologies, are driving
market growth.
Regionally, North America is the fastest-growing and dominating region in the
orthodontics market. This can be attributed to the high prevalence of
malocclusion, increasing disposable income, and the presence of key market
players in the region. Europe is also a significant market for orthodontics,
owing to the rising demand for aesthetic orthodontic treatments and the
availability of advanced orthodontic products.
Key players operating in the orthodontics market include 3D Systems
Corporation, 3M Company, 3Shape A/S, Align Technology, Inc., Bernhard Förster
GmbH, Carestream Dental, LLC, and American Orthodontics Corporation, among
others. These companies focus on product innovation, strategic collaborations,
and mergers and acquisitions to strengthen their market position. The market is
highly competitive, with an emphasis on offering technologically advanced and
aesthetically pleasing orthodontic solutions to meet the growing consumer
demand.
Read More: https://www.dailyprbulletin.com/orthodontics-market-trends-share-and-demand/