Global Orthodontic Supplies Market to Reach US$16.9 Billion by 2030
The global market for Orthodontic Supplies estimated at US$8.3 Billion in the year 2023, is expected to reach US$16.9 Billion by 2030, growing at a CAGR of 10.6% over the analysis period 2023-2030. Fixed Braces, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Removable Braces segment is estimated at 13.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.5 Billion While China is Forecast to Grow at 12.8% CAGR
The Orthodontic Supplies market in the U.S. is estimated at US$3.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.5% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.
Global Orthodontic Supplies Market - Key Trends & Drivers Summarized
Orthodontic supplies encompass a wide range of products used in the correction of dental irregularities and malocclusions. These supplies include braces, aligners, retainers, adhesives, and orthodontic wires, all essential in the practice of orthodontics. Traditional metal braces, ceramic braces, and the more contemporary clear aligners, such as Invisalign, offer varying levels of visibility, comfort, and efficacy. The development of these supplies has greatly improved the outcomes of orthodontic treatments, providing patients with more options tailored to their specific needs and preferences.
The application of orthodontic supplies extends beyond mere aesthetics; they play a crucial role in oral health. Correcting misaligned teeth and jaws can prevent a host of dental problems, including tooth decay, gum disease, and temporomandibular joint disorders. The use of advanced materials and technologies, such as heat-activated archwires and digital imaging for precise aligner fabrication, has revolutionized orthodontic practices. Moreover, the increased awareness and demand for orthodontic treatments among adults, not just children and teenagers, have expanded the market significantly.
The growth in the orthodontic supplies market is driven by several factors. Rising disposable incomes and increasing awareness about dental health and aesthetics are major drivers. Technological advancements, such as 3D printing and digital orthodontics, have improved the precision and efficiency of treatments, attracting more patients. The trend towards minimally invasive treatments has also spurred demand for newer orthodontic solutions like clear aligners. Furthermore, the expanding reach of dental services in developing regions and the growing number of dental clinics and orthodontic specialists are contributing to the market`s expansion. These factors collectively highlight the dynamic nature of the orthodontic supplies market and its potential for continued growth.
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