Orthodontics Market is valued around USD 1.87 Billion in 2019 and expected to reach USD 4.32 Billion by 2030 with the CAGR of 7.9% over the forecast period.
Orthodontics is a dental procedure which is used for the treatment of various dental problems such as crooked teeth, protruding teeth, malocclusions and other. The uneven as well as unaligned teeth can cause various problems which may create unwanted pressure on the teeth; this may also lead to severe headaches. Orthodontics includes the wide range of procedures which requires various instruments for the diagnosis & treatments. Some of the most commonly performed procedures involve ligation, brackets and many more.
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Global Orthodontics Market report is segmented on the basis of product type, age group and by regional. Based upon product type, the orthodontics market is fragmented into brackets, anchorage appliances, ligatures, and archwires. Based on age group, the market is fragmented into children and adult. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The orthodontics market is mainly driven by the constant rise in the dental problems with changing food habits. In addition, boost in the growth of geriatric population with technological advancements along with addition in the dental clinics over the period of time. Moreover, surge in the consumer awareness about oral hygiene followed by rapid development of healthcare facilities over the period of time are also likely to fuel the market growth. However, lack of proper reimbursement policies as well as high cost of the dental procedures is expected to hamper the market growth in the near future.
The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of well developed healthcare infrastructure as well as healthcare facilities along with various technological advancements. Moreover, Asia Pacific is expected to dominate the orthodontics market in terms of growth rate owing to the escalating accessibility to healthcare facilities with geriatric population. Moreover, high demand of advanced dental aesthetics followed by the growth in government initiatives to further promotes the oral hygiene.
The major market players profiled in the orthodontics market includes Align Technology, Inc., Rocky Mountain Orthodontics, Inc., American Orthodontics, DENTSPLY International, Inc., Danaher Corporation, 3M Company, G&H Orthodontics, Inc., Henry Schein, Inc., Dentaurum GmbH & Co. KG, and TP Orthodontics, Inc. among others.