Orthodontics Market

The global Orthodontics Market is valued at USD 6.4 Billion in 2022 and is projected to reach a value of USD 15 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 11.3% between 2023 and 2030.

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Dentofacial orthopedics, also known as Orthodontics, deals with the prevention and treatment of malocclusions as well as the right alignment of the jaws. The two main reasons people seek Orthodontics treatment are oral health and aesthetics. The high expense of treatment combined with the rising prevalence of dental abnormalities such as malocclusion, cross-bite, crooked teeth, and bite issues produced a massive gap that left the patient populations requirements unmet. The high frequency of malocclusion, the expanding use of digital technology in Orthodontics treatments, and the rising interest in cosmetic dentistry are all contributing to the growth of the Orthodontics industry. Additionally, the growing awareness of oral health in developing nations has excellent potential for the markets expansion. The high cost of Orthodontics procedures, however, restrains the expansion of this market. The main obstacles to the markets growth are the lack of knowledge about Orthodontics treatments and the lack of qualified experts.

• The growing number of senior population will grow the Orthodontics market during the projection period from 2023 to 2030.
• The Dentist & Orthodontist-owned practices segment will continue to assert its dominance by end-user, capturing the largest market share globally throughout the forecast period 2023 to 2030.
• The Adult segment will continue to assert its dominance by age group, capturing the largest market share globally throughout the forecast period 2023 to 2030.
• In 2022, the North American region exhibited its market prowess, achieving the highest revenue share of 40.60%.
• The Asia Pacific region is poised for remarkable growth, displaying a noteworthy Compound Annual Growth Rate (CAGR) between 2023 and 2030.

Top Market Trends

1. People who want to have a beautiful smile are motivated to get Orthodontics treatment for cosmetic reasons. As a discrete and practical alternative to conventional metal braces, the demand for transparent aligners and invisible braces has increased.
2. As a result of the introduction of digital imaging, computer-aided design and manufacturing (CAD/CAM) systems, and 3D printing, the Orthodontics market is experiencing tremendous technical improvements. These developments have improved the precision and effectiveness of Orthodontics treatments, allowing orthodontists to provide patients with individualized treatment plans.
3. The market for Orthodontics has expanded as dental tourism has increased. Orthodontics treatments are more reasonably priced while maintaining quality in emerging economies, where patients from developed nations are traveling. This pattern has improved the patient base and opened up new markets.
4. An important driver in the growth of the Orthodontics industry is the rising number of patients with dental diseases worldwide. The majority of people have dental problems such as malocclusions and jaw disease. Dental diseases have increased due to the aging population. Additionally, eating sugary foods and practicing poor dental hygiene have increased the incidence of gum disease, tooth decay, and oral cancer, all of which support the expansion of the Orthodontics business.
5. The significance of a confident smile has increased due to the growing attention on looks and the influence of social media. As a result, Orthodontics procedures are increasingly in demand to address dental imperfections and produce a beautiful smile, which will grow the market in the future.
6. People are more prepared to spend money on Orthodontics procedures as disposable incomes continue to climb. A larger percentage of the population can now more easily afford these therapies, which has helped the Orthodontics industry expand.

Economic Insights

Economic variables may significantly impact the market for Orthodontics. Orthodontists must be conscious of these issues and devise plans to lessen their effects. For instance, orthodontists could desire to give patients who are having financial difficulties payment arrangements or discounts. Additionally, they should concentrate on promoting their services to people who have insurance or can afford to pay for their care upfront. This may cause people to put off or skip non-essential expenses like Orthodontics care. In addition, a recession causes a large number of job losses, which might reduce the number of people with health insurance. People may find it much more challenging to pay for Orthodontics treatment as a result.

Market Segmentation

The Global Orthodontics Market is categorized into the below-mentioned segments as:

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Based on Product Type

Supplies to Lead Maximum Market Share Due to the Adoption Of Cutting-Edge Dental Technology In The Delivery Of Orthodontics Services

In 2022, the supply segment is poised to dominate the global market for Orthodontics. The greater demand for clear aligners and the introduction of improved transparent aligners into the market can be linked to the segments dominance. Rising demand for Orthodontics consumables like ligatures, braces, and anchorage devices, which mitigate speech impairment, make cleaning and brushing easier, reduce teeth grinding and chipping, and lower the risk of protruding teeth, are also growing the segment. The use of ligatures allows for the precise installation of reinforcing bars in steel cages, which is the main advantage. Additionally, the cage gains an additional layer of strength because of the fitments structural integrity. Moreover, the cell achieves an extra layer of power because of the fitments structural integrity. Further, Temporary Anchorage Devices (TAD) contribute to the segments total revenue growth by improving tooth movement predictability and reducing treatment time.

Based on Age Group

The Adult segment Expects to Lead the Maximum Market Share Owing to the Growing Demand for Oral diseases.

In 2022, the adult segment will dominate the Orthodontics market. Adult patients are increasingly seeking Orthodontics treatment as a result of oral problems. Adult malocclusions must be treated in order to avoid difficulties with Orthodontics. Additionally, during the past few years, emerging nations have seen a large rise in both the overall diagnosis rate for malocclusions and the rate of therapy. As a result, the high rate of malocclusion in adults has raised the adoption of Orthodontics treatments, fueling the growth of this market segment as well as due to an increase in the frequency of dental disorders and the demand for cosmetic dental advancements. Thus, the adult segment is a growing segment.

Based on Region

North America To Dominate Global Sales Owing to Increasing Public Knowledge Of Dental Care

In 2022, the North American region emerged as the dominant player in the Orthodontics market. The main driving reasons are the availability of well-developed healthcare infrastructure, increased acceptance of cutting-edge technologies in Orthodontics clinics, and growing consumer awareness of aesthetic Orthodontics. Additionally, the existence of a sufficient number of dentists and orthodontists in the area is promoting market expansion. By the end of 2017, there were around 10,568 active orthodontists in the US, according to the American Dental Association. Another element contributing to the market expansion in the area is the USs fast-expanding senior population. The US has more than 46 million senior residents, and by 2050, that figure is projected to rise to around 90 million, according to the Rural Health Information Hub.

The Orthodontics industry in Asia Pacific is rapidly growing in popularity. This is primarily related to the rising use of cutting-edge dental technologies, the expansion of multispecialty hospitals and dental clinics, and rising product supply in China, India, Japan, and Australia. Additionally, an increase in corporate strategic activities will help the industry expand.

Competitive Landscape

The global Orthodontics market is highly competitive, with various key players operating in the industry. Some of the major companies in the market include 3M Company (U.S.), Align Technology Inc. (U.S.), American Orthodontics (U.S.), Envista Holdings Corporation (U.S.), and Dentaurum GmbH & Co. KG (Germany). To create creative and sustainable products, these businesses are concentrating on research and development initiatives. Strategic partnerships, mergers, and acquisitions are also common in the market as businesses look to increase their product offerings and market share.

The key players in the global Orthodontics market include - 3M Company (U.S.) among others.

Recent Market Developments

• In February 2023, it was stated that Royal Philips and Candid Care Co. would collaborate to improve the effectiveness and efficiency of Orthodontics treatment. The most popular power toothbrush brand among U.S. dental professionals is Philips Sonicare. CandidPro provides clinical support, industry-leading technology, and white-glove service to make transparent aligners convenient for dentists and their patients. The partnership aims to give dental professionals a more comprehensive array of integrated oral healthcare services, including braces and tooth whitening.
• In August 2022, SimplyClear, the first clear aligner system created by orthodontists with dentists in mind, was introduced by Orthobrain. This Ohio-based Orthodontics growth system assists dentists and dental service companies with integrating and scaling Orthodontics. SimplyClear, which is already on the market, is the newest component of Orthobrains comprehensive approach to Orthodontics growth. It combines premium transparent aligners with the tried-and-true support system that powers profitable Orthodontics programs over the long term.
• In June 2022, To help Orthodontics practitioners improve patient care and experience, five top Orthodontics software suppliers have joined forces in a new alliance. PracticeTek, a group of reputable software and payment solutions, has partnered with topsOrtho, EasyRx, Gaidge, Oasys Crossfire, and OrthoMinds. The businesses will continue to run separately, but there will be more collaboration, integration, and investment in creating and providing cutting-edge digital solutions for the Orthodontics industry.

Segmentation of the Global Orthodontics Market