Orthodontists in the US - Industry Market Research Report

Orthodontists in the US - Industry Market Research Report

Orthodontists in the US

Rising awareness of oral health, growing incomes and tech advances have driven growth for orthodontists. Orthodontists specialize in teeth and jaw irregularities, so substitutes for care are limited, keeping orthodontists essential in addressing children's and adults' dental needs. Rising incomes have facilitated access to orthodontists as larger incomes allow patients to cover out-of-pocket costs. Public and private insurance payers often restrict orthodontic benefits. Competition has emerged from direct-to-consumer orthodontic brands like SmileDirectClub, where consumers can easily order discreet teeth aligners. Still, since no substitutes exist for the hands-on approach of orthodontic care, industry-wide revenue has been growing at a CAGR of 5.7% over the past five years and is expected to total $22.4 billion in 2023, when revenue will drop by an estimated 0.1%.

This industry is made up of health practitioners who specialize in treating misaligned teeth and facial development with braces, headgear, retainers and other methods. Industry operators are doctors of dental surgery (DDS) or doctors of dental medicine (DDM) and have several years of specialty training in orthodontics. Industry operators may work in family, group or large practices.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.