Orthodontic Supplies Market Size Worth USD 8.3 billion by 2026
The global Orthodontic Supplies Market size is projected to reach USD 8.3 billion by 2026 from USD 5.4 billion in 2021, at a CAGR of 9.1% during the forecast period. Increasing prevalence of malocclusion, rising emphasis on effective orthodontic treatment and the initiatives undertaken by governments to increase the awareness about orthodontic treatments are fueling the demand for orthodontic supplies during the forecast period.
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The orthodontic supplies industry includes major Tier I and
II suppliers of orthodontic products are 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).
These suppliers have their manufacturing facilities spread
across regions such as North America and Europe. COVID-19 has impacted their
businesses as well. Due to the pandemic, the orthodontic supplies market
experienced short-term negative growth, which can be attributed to a sharp
reduction in access to hospital and dental clinics and the temporarily shutdown
of orthodontic clinics.
Orthodontic practices around the globe are facing challenges
amid the pandemic. The adoption of strict protocols outside and inside dental
clinics, increasing usage of teleorthodontics in case of urgent appointments,
and opting for minimal orthodontic treatment procedures by many orthodontic
clinics are likely to have a positive impact on the market. Moreover, post
lockdown, as dental practices reopen, it is expected that patient volumes are
anticipated to rebound at a higher pace.
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Demand for invisible braces among the target population
due to their aesthetic benefits drives the growth of removable braces
Removable braces offer advantages over traditional braces,
including easy removal of braces, reduced risk of periodontal diseases &
tooth decay, and enhanced comfort. Factors such as strong focus on product
innovation by players and growing awareness about the benefits associated with
removable braces and the growing demand for invisible braces among teens and
adults due to their aesthetic benefits is augumenting the growth of removable
braces.
Asia Pacific likely to emerge as the fastest growing
orthodontic supplies market, globally
Geographically, the emerging Asian countries, such as China,
India, Japan and Singapore, are offering high-growth opportunities for market
players. The Asia Pacific point of care market is projected to grow at the
highest CAGR of 10.8% from 2021 to 2026. Expansion of healthcare infrastructure
and increase in disposable personal income, increase patient population with malocclusion
and tooth decay are factors likely to suppprt the growth of orthodontic
supplies market in the region. Moreover, the growing focus toward aesthetics
products among adults and emergence of small manufacturers in the orthodontic
supplies market are driving the growth of the APAC orthodontic supplies market.
Prominent players in this market are 3M (US), Envista
Holdings Corporation (US), Dentsply Sirona (US), Align Technology (US), Rocky
Mountain Orthodontics (US), G&H Orthodontics (US), Dentaurum (Germany), TP
Orthodontics (US), Great Lakes Dental Technologies (US), DB Orthodontics (UK), among
others
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