Orthodontic Supplies Market by Removable & Fixed Braces (Brackets (Self Ligating, Lingual), Archwire (Nickel & Beta Titanium, Stainless Steel), Anchorage Appliances (Buccal Tube, Band, Miniscrew), & Ligature (Elastomeric, Wire)) - Global Forecast to 2020
The global orthodontic supplies market is poised to reach USD 3,978.6 million by 2020, growing at a CAGR of 6.9% during the forecast period. Although mature markets (such as the U.S., Germany, France, and U.K.) hold larger shares in the orthodontic supplies market, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period.
Factors such as growing number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain; technological advancements in the field of orthodontics; increasing demand for orthodontic treatment among adolescents; and rising disposable incomes in developing countries such as India, China, and Brazil having relatively high DMFT (Decayed, Missing, and Filled Teeth) index are driving the growth of the orthodontic supplies market. On the other hand, factors such as several risks and complications during or post orthodontic treatments and limited reimbursement coverage for orthodontic treatments are restraining the growth of this market. Additionally, growing demand for invisible braces among teenagers and adults and increasing adoption of orthodontic treatments in emerging markets are creating growth opportunities for the orthodontic supplies market.
In this report, the global orthodontic supplies market has been segmented on the basis of products into fixed braces and removable braces. The fixed braces segment is further categorized into brackets (conventional brackets, self-ligating brackets, and lingual brackets), archwires (beta titanium archwires, nickel titanium archwires, and stainless steel archwires), anchorage appliances (bands and buccal tubes and miniscrews), and ligatures (elastomeric ligatures and wire ligatures).
The fixed braces segment is estimated to account for the largest share of the global orthodontic supplies market in 2015. Factors such as technological advancements in orthodontic products, increasing number of malocclusion cases, and growing awareness among customers regarding advanced orthodontic treatments are driving the growth of the orthodontic supplies market.
Geographically, the global orthodontic supplies market has been classified into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)*. The orthodontic supplies market is also analyzed at country levels. North America comprises the U.S. and Canada; Europe comprises Germany, France, the U.K., and Rest of Europe); and Asia-Pacific comprises India, China, Japan, and Rest of Asia-Pacific.
* RoW includes Latin America, the Middle East, and Africa
North America commands the largest share of the global orthodontic supplies market in 2015, followed by Europe. The large share of this region is attributed to higher per capita income, growing public and private funding to support the dental industry, higher demand for orthodontic treatment among adolescents, and the presence of major orthodontic product manufacturers in North America (particularly in the U.S.). The Asia-Pacific region is poised to grow at the highest CAGR during the forecast period, owing to factors such as growing public and private efforts to increase awareness related to orthodontic procedures, constant growth in healthcare expenditure in APAC countries, and increasing incidence/prevalence of malocclusion and tooth decay in various APAC countries.
The global orthodontic supplies market is moderately competitive with various global as well as local market players. As of 2014, the global orthodontic supplies market was dominated by 3M Unitek Corporation (U.S.), Align Technology, Inc. (U.S.), and Ormco Corporation (U.S.), which together accounted for ~66.0% of the market. New product launches and product upgradation, partnerships, agreements, mergers, and strategic acquisitions are the major strategies adopted by most of the market players to achieve growth in the global orthodontic supplies market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the orthodontic supplies market, high-growth regions and their respective drivers, restraints, challenges, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies for strengthening their market shares.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on orthodontic products offered by the top 10 players in the global orthodontic supplies market. The report analyzes the orthodontic supplies market by type of product and region
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various orthodontic products across key geographic regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global orthodontic supplies market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and recent developments of the leading players in the global orthodontic supplies market