Archwire Market: Current Analysis and Forecast (2021-2027)

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The Global Archwire Market is anticipated to grow with an elevated CAGR of around 6% over the forecast period (2021-2027). An archwire in orthodontics is a wire conforming to the alveolar or dental arch that can be used with dental braces as a source of force in correcting irregularities in the position of the teeth. An archwire can also be used to maintain existing dental positions, in this case, it has a retentive purpose.

The rapid advancement in technology and rising awareness about oral health among the population positively affects the market of the archwire. Furthermore, the rapid urbanization coupled wihe celebrity endorsements about aesthetic beauty has a significant effect on the orthodontic industry including braces and the archwire industry. Moreover, misaligned teeth are one of the reasons for the increasing cases of tooth decay and cavities. For instance, according to FDI World Dental Federation, oral diseases impact 3.9 billion people worldwide, with untreated tooth decay (dental caries) impacting more than half of the global population (44%), making it the most prevalent of all the 291 conditions included in the Global Burden of Disease Study.

Henry Schein Inc. GC Corporation, Patterson Inc., 3M, Ultimate Wireforms Inc., American Orthodontic, Dentsply Inc., FORESTADENT Bernhard Förster GmbH, Dentaurum GmbH, and Ormco Co., are some of the prominent players operating in the Archwire market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new varieties of Archwire.

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Insights Presented in the Report

“Amongst Type, nickel-titanium alloy segment holds the major share”

Based on type, the market is segmented into the nickel-titanium alloy, steel, and polymer materials. The nickel-titanium alloy segment accounted for a significant market share in 2020 and it is estimated that it will exhibit a higher CAGR during the forecast period. The growth of this segment is mainly due to the material providing higher strength and flexibility to the large deflections which makes them more reliable. Furthermore, the high-temperature tolerance is also one of the main reasons for the segmental growth in the archwire market.

Amongst End-users, the hospitals segment holds the major share”

Based on end-users, the market is divided into hospitals, dental clinics, and others. The hospital segment grabbed a significant market share in 2020 and is anticipated to grow at a rapid rate in the upcoming years owing to the presence of skilled professionals. Furthermore, the higher number of patients with orthodontic problems and the availability of healthcare professionals & surgical equipment in hospitals are responsible for the segmental growth of the orthodontic supplies market. For instance, according to the Open Dentistry Journal 2021, the prevalence of malocclusion was 49.8% among children in the US. Out of the malocclusions, Class II, deep overbite, crossbite, anterior open bite, and Class III were 21.2%, 10.7%, 7.0%, 6.9%, and 1.6%, respectively, among children in the U.S.

“North America represents one of the largest markets of archwire market”

For a better understanding of the market dynamics of the archwire market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. In 2020, North America has a significant share in the archwire industry. This can be mainly due to the presence of well-established market players and frequent product launches in the region along with affordable health insurance plans in the region enabling the growth of the archwire industry. For instance, the U.S. passed the Affordable care and Reconciliation Acts in which affordable health insurance plans are provided to the people.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Research Methodology for the Global Archwire Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global archwire market were the three major steps undertaken to create and analyze the adoption of the archwire in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global archwire market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the archwire through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the archwire market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and end-users. Further country-level analyses were conducted to evaluate the overall adoption of archwire across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the archwire. Further, we conducted factor analysis using dependent and independent variables such as the growing number of people with chronic diseases and the increasing elderly population all over the globe. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the archwire sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Archwire market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of archwire across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the archwire market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the archwire market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and end-users of the archwire market.

The main objective of the Archwire Market Study

The current & future market trends of Archwire were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the archwire in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type and end-users
• Define and analysis of the regulatory framework for the archwire industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the archwire market for the major region
• Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
• Company profiles of the Archwire market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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