Over the past five years to 2018, the Orthodontists industry has benefited from favorable demographic trends and technological advances. Overall, as more patients visited their dentist, they were more aware of needing orthodontic treatments, bolstering the number of patient referrals to orthodontists. Private dental clinics were highly profitable during the five-year period because many patients pay for orthodontic services out of pocket, which lowers administrative costs related to securing reimbursements. However, the industry's landscape has changed considerably. As many practices are operating below capacity, this presents a growth potential for orthodontic practices over the next five years to 2023. Nevertheless, the industry will contend with rising external competition, mainly from companies that make do-it-yourself teeth aligning equipment.
This industry is made up of health practitioners who specialize in treating misaligned teeth and facial development with braces, headgear, retainers and other methods. Industry operators are doctors of dental surgery (DDS) or doctors of dental medicine (DDM) and have several years of specialty training in orthodontics. Industry operators may work in family, group or large practices.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook