Market Trends of Global Orthodontic Supplies Industry
This section covers the major market trends shaping the Orthodontic Supplies Market according to our research experts:
Brackets Holds the Leading Position in the Orthodontic Supplies Market
Brackets is dominating the orthodontic supplies market during the forecast period. Brackets are mostly preferred by orthodontists and are largely adopted owing to their comfort and convenience, which is propelling the growth of the segment. Furthermore, the rising reimbursement policies and healthcare insurance related to oral treatments will further boost the growth of the brackets segment in the orthodontic supplies market.
Moreover, treatment with brackets is usually less time-consuming and the growing prevalence of malocclusion cases and chronic orthodontic disorders will escalate the market growth of the brackets segment in the orthodontic supplies market globally. Furthermore, increasing awareness of oral care, a rising number of dentists, and growing incidences of dental diseases are also expected to drive the market over the forecast period. As per a March 2022 update by the World Health Organization (WHO), it is estimated that oral diseases affect nearly 3.5 billion people worldwide and severe periodontal (gum) disease, which may result in tooth loss is also very common, with almost 10% of the global population affected.
Additionally, according to World Health Organization, 2021, the estimated prevalence of malocclusions in children is 35% and 93% in adolescents. The prevalence of crowding is estimated to be 84% which increases the demand for brackets, thus augmenting the segment.
Furthermore, launch of new products in the segment is expected to poistively impact the segment growth. For instance, in June 2021, Ormco Corporation launched revolutionary passive self-ligation braces technology with the launch of its new Damon Ultima System which gives orthodontists precise control to move teeth more efficiently and reliably with gentler forces to help orthodontists finish faster with better patient comfort. In May 2022, OrthoSelect launched DIBS AI 7.0 which advances the science of precision digital bracket placement. Thus, technological advancements in the segment will further drive the market.
Thus, due to the above-mentione dfcators, the studied segmnet is expected to grow signiifcantly during the study period.
North America is Expected to Dominate the Market Over the Forecast Period
North America has the largest market share, with the United States being the larger contributor when compared to Canada. The North American orthodontic supplies market is mainly due to the high prevalence of dental disorders, along with the increasing urge in people to look better, aesthetically. The factor in this region driving the market are growing population, rising interest for dental aesthetic procedures among people, increment in legislative use on oral social insurance crosswise over North America, and the high reimbursement policies when compared to other regions.
According to statistics published by the Eur J Pediatr Journal, in 2020, titled 'Worldwide Prevalence of Malocclusion in the Different Stages of Dentition,' in the United States, the prevalence of malocclusion was 53%. The high prevalence of malocclusion among the population further increases the demand for orthodontics supplies such as braces, archwires, and others to hide any deformities, thereby propelling the market growth.
According to the American Dental Association, in June 2021, 85% of people are highly concerned about their dental health in the United States. Thus, the increasing concerns of the patients regarding their the demand for aesthetic braces, thereby fueling the market growth.
The rising investments in the country to improve the technology in the market will further drive the market growth. For instance, in May 2022, KLOwen Braces, Inc. recieved a funding of USD 10.5 million to leverage 3D printing, artificial intelligence and digital indirect bonding to offer the only 7 - 7 custom solution with options for both metal and clear brackets. With this funding, the company will create a seismic shift in the way patients experience braces, and will also vastly improve the earnings potential of orthodontists.
Furthermore, strategies such as partnerships and collabortions are readily adopted by market players which is positively impacting the market growth. For instance, in July 2022, Sage Dental and SheepMedical entered into partnership to offer KiyoClear orthodontic aligners in the United States.
Thus, due to the above-mentioned fcators, United States is expected to register significnt growth during study period.
