21.02.2018 Медицина и фармацевтика

Orthodontic Supplies Market - Share Assessments for the Regional and Country Level Segments

Orthodontic supplies market is expected to grow at a CAGR of 8.3% during 2017 - 2023, according to new market research report published by P&S Market Research.

According to the study, the global orthodontic supplies market is likely to grow from $3.4 billion in 2016 to $5.9 billion by 2023.The demand for orthodontic supplies is on a surge mainly due to increasing prevalence of oral diseases. Some of the most common oral diseases include dental cavities, periodontal diseases, oral cancer, malocclusions and other oral diseases and disorders. High prevalence of oral diseases depicts increased demand for orthodontic supplies. According to the World Health Organization (WHO), around 60% to 90% of the school children and nearly 100% of adults suffer from dental cavities. It has also been observed that, around 15% to 20% of adults aged between 35 to 44 years, suffer from severe periodontal (gum) disease.

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Geographically, North America has been the largest market for orthodontic supplies, with the U.S. being the larger contributor to the regional market, as compared to Canada. The dominant position of the North American orthodontic supplies market is mainly attributable to high prevalence of dental disorders, along with the increasing urge in the people to look better, aesthetically. According to the Centers for Disease Control and Prevention (CDC), 31.6% adults aged 20-44 years have untreated dental caries. Also, according to the American Academy of Cosmetic Dentistry (AACD), around 86% of the patients underwent dentistry treatment to improve physical attractiveness and self-esteem, in 2015.

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Europe is the second largest market for orthodontics supplies. The Germany has been the largest contributor to the European orthodontics supplies market. The orthodontic supplies market is expected to witness the fastest growth in Asia-Pacific during forecast period, owing to increasing disposable income, aging population, growing efforts to increase awareness about advanced orthodontic treatments, and growing focus of global orthodontic/dental companies on emerging economies of Asia-Pacific.

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Some of the other key players operating in the orthodontics supplies market include 3M Company, Danaher Corporation, G&H Orthodontics Inc., American Orthodontics, TP Orthodontics Inc., Rocky Mountain Orthodontics, Dentaurum GmbH & Co. Kg and DB Orthodontics Inc.

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