Orthodontists in the US - Industry Market Research Report
Description
Orthodontists in the US - Industry Market Research Report
Orthodontists in the US
Rising awareness of oral health, growing incomes and tech advances have driven growth for orthodontists. Orthodontists specialize in teeth and jaw irregularities, so substitutes for care are limited, keeping orthodontists essential in addressing children's and adults' dental needs. Rising incomes have facilitated access to orthodontists as larger incomes allow patients to cover out-of-pocket costs. Public and private insurance payers often restrict orthodontic benefits. Competition has emerged from direct-to-consumer orthodontic brands like SmileDirectClub, where consumers can easily order discreet teeth aligners. Still, since no substitutes exist for the hands-on approach of orthodontic care, industry-wide revenue has been growing at a CAGR of 5.7% over the past five years and is expected to total $22.4 billion in 2023, when revenue will drop by an estimated 0.1%.
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.
Orthodontists in the US
Rising awareness of oral health, growing incomes and tech advances have driven growth for orthodontists. Orthodontists specialize in teeth and jaw irregularities, so substitutes for care are limited, keeping orthodontists essential in addressing children's and adults' dental needs. Rising incomes have facilitated access to orthodontists as larger incomes allow patients to cover out-of-pocket costs. Public and private insurance payers often restrict orthodontic benefits. Competition has emerged from direct-to-consumer orthodontic brands like SmileDirectClub, where consumers can easily order discreet teeth aligners. Still, since no substitutes exist for the hands-on approach of orthodontic care, industry-wide revenue has been growing at a CAGR of 5.7% over the past five years and is expected to total $22.4 billion in 2023, when revenue will drop by an estimated 0.1%.
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.
Table of Contents
36 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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