Technavio, a leading provider of market research reports, has released its latest study on Orthodontic Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The orthodontic market has witnessed substantial progress, driven by technological innovations that enhance treatment efficacy, discretion, and patient comfort. Orthodontic supplies, such as braces, have evolved to feature smoother, smaller, and gum-friendly designs. Transparent clear braces, like Invisalign from Align Technology and ClearCorrect, have gained popularity among adults due to their aesthetic appeal. Advanced archwires exert less force, ensuring greater comfort for patients. These advancements include the adoption of clear aligners, which are transparent plastic alternatives to traditional dental brackets.
The global orthodontic market size is estimated to grow by USD 15088.3 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.31% during the forecast period. High prevalence of oral disorders is driving market growth, with a trend towards technological advances in orthodontic treatment However, risk associated with orthodontic treatment poses a challenge.Key market players include 3M Co., Aditek Orthodontics, Align Technology Inc., American Orthodontics, Carestream Dental LLC, DENTAURUM GmbH and Co. KG, Dentsply Sirona Inc., Envista Holdings Corp., G and H Orthodontics, Geniova Technologies SL, Great Lakes Dental Technologies Ltd., Henry Schein Inc., JJ Orthodontics Pvt. Ltd., Matt Orthodontics LLC, Rocky Mountain Orthodontics, Shanghai Smartee Dental Technology Co. Ltd., Sino Ortho Ltd., SmileDirectClub Inc., TP Orthodontics Inc., and Ultradent Products Inc..
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Technavio's orthodontic market analysis falls under the broader scope of the global healthcare equipment market. This market encompasses entities involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized in the diagnosis, monitoring, and treatment of various diseases. The global healthcare equipment market size is determined by the combined revenue generated by manufacturers of diagnostic equipment and devices. The healthcare equipment sector encompasses several segments, including Devices, which incorporates advanced, differentiated, and clinically tested data-driven devices used in orthodontics.
The Orthodontic Market is experiencing significant growth, fueled by the High prevalence of oral disorders. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The orthodontic market represents a significant business opportunity due to the increasing prevalence of malocclusions and the growing awareness of the importance of proper dental alignment. With advancements in technology, such as digital impressions and self-ligating brackets, the industry is experiencing robust growth. Market size is projected to expand at a steady CAGR, driven by rising disposable income and consumer demand for aesthetically pleasing smiles. Dentists and orthodontists continue to invest in innovative solutions to enhance patient experiences and outcomes.
Orthodontics is a specialized branch of dentistry that focuses on correcting misaligned teeth and improving the overall dental aesthetics. The orthodontic market is witnessing significant growth due to the increasing demand for brackets, ligatures, and anchorage appliances used in orthodontic procedures. Henry Schein Orthodontics is a leading player in this market, providing a wide range of orthodontic solutions. The leading reasons for orthodontic treatments include dental problems such as overbite, underbite, crossbite, and misaligned teeth. These issues can lead to various adverse effects, including tooth decay, gum diseases, and speech impediments. Tobacco consumption and sedentary lifestyles are also contributing factors to dental problems. Orthodontic treatments are not just limited to children and teens but are increasingly popular among adults as well. Clear aligners have gained popularity due to their aesthetic appeal and convenience. Dental aesthetics is a significant factor driving the growth of the orthodontic market. Dental tourism is another emerging trend in the orthodontic market, with people traveling to countries with lower costs for orthodontic treatments. Dental clinics are the largest segment of the orthodontic market, and the demand for orthodontic treatments is expected to increase due to the growing awareness of good oral health and the importance of proper positioning of the jaws and teeth. Dental problems caused by road traffic accidents are also a significant concern, leading to an increase in the demand for orthodontic treatments for jaw injuries and misaligned teeth. Dentofacial orthopedics, which deals with the correction of jaw deformities, is another growing area in the orthodontic market. Overall, the orthodontic market is expected to grow significantly due to the increasing awareness of dental health and the availability of advanced orthodontic solutions.
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