September 25, 2019
According to the latest study titled ‘Global Orthodontic Supplies Market Growth 2019-2024’ available with Market Study Report LLC, the global orthodontic supplies market is predicted to reach US $3810 million by the year 2024.
Orthodontics is the stream of dentistry that diagnoses, prevents, and fixes teeth and jaws positioned improperly. Misaligned teeth spoil the facial aesthetics and hence consumers opt for treatments. Growing instances of orthodontic treatment among the population around the globe is propelling the growth of orthodontic supplies market.
The benefits of orthodontic treatment are healthier mouth, pleasing appearance and longer sustainability of teeth. As per report, the raw materials required for manufacturing orthodontic supplies comprise of metal powder, nitinol wire, steel wire, and product packaging materials. These materials are present in abundance, owing to fierce competition among the manufacturers. Moreover, these raw materials make 60.78% of total cost in the enterprises.
According to the study, orthodontic supplies market was valued at US$ 2660 million in 2019 and is anticipated to grow with a CAGR of 6.2% over the projected timeline. Moreover, the study analyzes the market on various parameters including market share and growth opportunities across several segments.
Based on product type, the industry is divided into fixed braces and removable braces, whereas, as per the application spectrum, the orthodontic supplies market is segmented for adults and for children.
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Considering the geographical landscape, the orthodontic supplies market is fragmented into four major regions. The United States, Canada, Brazil, and Mexico fall under America; Asia-Pacific comprise of India, Japan, Korea, China, South east Asia, Australia; France, UK, Germany, Italy, Russia, and Spain come under Europe; and Middle East & Africa is split into Turkey, GCC Countries, Israel, Egypt, and South Africa.
The global leading players in this market are Danaher, Align Technology, and 3M Unitek which combinedly held 49.16% of total production in 2019. Other companies operating in orthodontic supplies market profiled in the report comprises of DENTSPLY, American Orthodontics, Tomy, BioMers Pte, Dentaurum, Rocky Mountain Orthodontics, Ortho Organizers, Shinye Odontology, ClearCorrect, Protect, Xincheng 3B, and Forestadent.