Orthodontic Supplies Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Product (Fixed Braces, Removable Braces, Retainers, Adhesives); End-User (Hospitals, Dental Clinics, Others) and Region/Country.
The orthodontic supplies market is expected to witness a CAGR of around 8% during the forecast period (2021–2027). The orthodontic procedure is the diagnosis and treatment of misaligned teeth and jaws and mispositioned teeth have a hard time fitting together properly, which leads to tooth decay and periodontal disease. Therefore, orthodontic products are typically used for the treatment of misalignment of teeth, tooth decay, gaps, jaw issues, malocclusion, prognathism, temporomandibular joint dysfunction (TMJ) pain, and overbite. These factors are propelling the growth of the orthodontic supplies market. 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.
Some of the major companies operating in the orthodontic supplies market include 3M, Dentsply Sirona, Align Technology, American Orthodontics, Rocky Mountain Orthodontics, G&H Orthodontics, Triodent Meditech India Pvt. Ltd., Great Lakes Dental Technologies, DB Orthodontics, and Morelli Orthodontics.
Insights Presented in the Report
“Amongst Product, the removable braces category accounted for the majority share in the market in 2020”
Based on product, the orthodontic supplies market is segmented into fixed braces, removable braces, retainers, and adhesives. In 2020, the removable braces category is anticipated to witness a significant growth rate during the forecast period. Removable braces are invisible, and they are increasingly preferred due to their aesthetic appearance and are less expensive than traditional braces. The growth of this market is mainly due to the increasing cases of dental problems such as Malocclusion, crowded Teeth, TMJ pain, etc. Furthermore, in September 2020, Light Force Orthodontics, a manufacturer of customizable 3D-printed bracket systems, raised USD 14 million from a Series B round led by Tyche Partners with a follow-on investment from Matrix Partners and AM Ventures.
“Amongst End-User, the dental clinics category is expected to witness the highest CAGR during the forecast period”
Based on end-user, the orthodontic supplies market is categorized into hospitals, dental clinics, and others. The dental clinics category witnessed a significant growth rate during the forecast period orthodontic supplies market. The higher number of patients with orthodontic problems and the availability of healthcare professionals & surgical equipment in dental clinics are responsible for the segmental growth of the orthodontic supplies market.
“North America to witness significant growth during the forecast period”
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. This is mainly due to the higher per capita income and the availability of advanced healthcare infrastructure, increasing the adoption rate of orthodontic devices, and ongoing initiatives of the government to enhance awareness and provide funding in this region. For instance, the federal government directly provides and pays for the oral health care of several distinct segments of the U.S. population.
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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|1.4.||Currency used in Report|
|2.1.||Research Process of the Orthodontic Supplies Market|
|2.2.||Research Methodology of the Orthodontic Supplies Market|
|2.5.||Main Objective of the Orthodontic Supplies Market Study|
|5||ORTHODONTIC SUPPLIES MARKET COVID-19 IMPACT|
|6||ORTHODONTIC SUPPLIES MARKET REVENUE, 2019-2027F|
|9.1.||North America Orthodontic Supplies Market|
|9.1.3.||Rest of North America|
|9.2.||Europe Orthodontic Supplies Market|
|9.2.6.||Rest of Europe|
|9.3.||Asia-Pacific Orthodontic Supplies Market|
|9.3.6.||Rest of Asia-Pacific|
|9.4.||Rest of the world Orthodontic Supplies Market|
|11||ORTHODONTIC SUPPLIES MARKET OPPORTUNITIES|
|12||ORTHODONTIC SUPPLIES MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porter’s Five Forces Analysis|
|17.5.||Rocky Mountain Orthodontics|
|17.7.||Triodent Meditech India Pvt. Ltd.|
|17.8.||Great Lakes Dental Technologies|
Research Methodology for the Orthodontic Supplies Market Analysis (2021-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of the orthodontic supplies market were the three major steps undertaken to create and analyze the adoption of the orthodontic supplies market 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 orthodontic supplies 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 of the industry pertains to. Detailed methodology is explained below:
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 orthodontic supplies market through company internal sources such as annual reports & 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 orthodontic supplies 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 product and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
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 orthodontic supplies market. Further, we conducted factor analysis using dependent and independent variables such as various products and end-user of the orthodontic supplies market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the orthodontic supplies market sector across the globe.
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 orthodontic supplies 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the orthodontic supplies market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the orthodontic supplies market in terms of solutions 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
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the orthodontic supplies market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and end-user in the orthodontic supplies market.
The main objective of the orthodontic supplies market Study
The current & future market trends of the orthodontic supplies market 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 from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the orthodontic supplies market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product and end-user.
- Define and analysis of the regulatory framework for the orthodontic supplies market 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 orthodontic supplies market for the major region.
- Major regions and countries studied in the report include North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World.
- Company profiles of the orthodontic supplies 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