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The global orthodontics market size touched USD 6.51 billion in 2022 and is predicted to reach USD 7.00 billion in 2023. The market is anticipated to touch USD 27.73 billion by 2030, recording a CAGR of 21.7% over 2023-2030.
Fortune Business Insights™ presents this information in its latest report titled “Orthodontics Market Size, Share & COVID-19 Impact Analysis, By Product Type [Instruments and Supplies {Fixed (Brackets, Bands & Buccal Tubes, Archwires, and Others) and Removable (Aligners, Retainers, and Others)}], By End-user (Dentist & Orthodontist Owned Practices and Others), and Regional Forecast, 2023-2030”.
The demand for orthodontic treatments has risen tremendously in recent years as more people are becoming aware of the importance of maintaining good oral health and availability of various treatment options. Orthodontic treatments majorly include solutions that correct and prevent the formation of misaligned teeth and also help in the proper repositioning of the jaw. The burden of dental disorders, such as crooked teeth, cross-bite, and malocclusion, is growing at a worrying rate across the globe. Moreover, the growing emphasis on improved dental aesthetics has prompted customers to undergo dental treatments, which will further drive the orthodontics market growth.
Lessened Demand for Dental Products During COVID-19 Pandemic Slowed Market Growth
The COVID-19 pandemic had a severe impact on the functioning of this market as governments across the world imposed lockdowns and several other movement and travel restrictions. This scenario compelled dentists and orthodontists to shut down their operations for a temporary period, which discouraged people from opting for orthodontic treatments. This further slumped the sales of dental devices such as braces and aligners. For example, as per a July 2020 article published by Bennett, Coleman & Co. Ltd., in Bihar, India, more than 80% of dental and maxillofacial surgery clinics were closed during the pandemic. These factors slowed the market’s progress. However, in 2021, the market noticed great recovery due to the rising usage of digital tools such as tele-dentistry. This development helped the market grow even during the pandemic.
Increasing Number of Adults Looking for Orthodontic Treatments to Boost Market Growth
A rising percentage of adults are seeking orthodontic procedures due to factors such as growing awareness about the significance of maintaining optimum oral health, rising demand for improved dental aesthetics, and higher efficiency of treatment outcomes. In addition, the growing incidence of dental problems and increasing usage of orthodontic devices are also driving the market growth. For example, as per an article published by Berkman + Shapiro Orthodontics in 2021, around 4 million American citizens wore braces at any one point of time. These aspects are predicted to boost the market potential.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/orthodontics-market-101587
Competitive Landscape
Companies to Expand their Product Portfolios to Maintain Top Market Position
Institut Straumann AG, Align Technology, Inc., and Ormco Corporation are some of the top players who are focusing on expanding their product lineup to cater to a wider customer base. For example, Align Technology, Inc. captured a major global orthodontics market share as the company was deeply engaged in collaborations and acquisitions to enhance its product range. Other top players in this industry, such as Henry Schein, 3M, and Dentsply Sirona, are increasing their focus on research and development programs to introduce novel and technologically advanced solutions to fortify their position in the market.
Notable Industry Development:
List of the Companies Profiled in the Report:
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 21.7% from 2023-2030 |
Unit | Value (USD Billion) |
Segmentation | By Product Type, End-user, and Region |
By Product Type |
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By End-user
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By Geography |
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