Industry Background:
With the increasing prevalence of jaw diseases, malocclusions, jaw pain and tooth decay/tooth loss, the demand for orthodontic treatments is increasing day by day. Moreover, with growing technological advancements across the globe, the orthodontic supplies will generate significant demand over the upcoming years. These supplies deals with the prevention, diagnosis, and correction of the improper position of jaws and teeth. Orthodontic treatments include control, dental displacement, and modification of facial growth with the help of aesthetic ceramic material and stainless steel brackets (braces).
According to AMA, the market for Orthodontic Supplies is expected to register a CAGR of 8.7% during the forecast period to 2026. This growth is primarily driven by Increasing Number of Patients with Jaw Diseases, Malocclusions, Jaw Pain and Tooth Decay/Tooth Loss and Growing Awareness about the Orthodontic Treatments.
Globally, a noticeable market trend is evident Rising Technological Advancements and Favorable Healthcare Infrastructure across the Globe
. The Drug Retail sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Align Technology, Inc. (United States), 3M Company (United States), Danaher Corporation (United States), Henry Schien, Inc. (United States), DENTSPLY SIRONA, Inc. (United States), American Orthodontics (United States), Rocky Mountain Orthodontics (United States), G&H Orthodontics (United States), DENTAURUM GmbH & Co. (Germany) and TP Orthodontics, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The CFO has issued Decree No. 27/03, appointing the Brazilian Association of Orthodontics and Dentofacial Orthopedics (ABOR) as CFO's consultant on matters pertaining to the specialty of Orthodontics. Driven by the need to establish standards of excellence in the clinical practice of Orthodontics and Facial Orthopedics, in October 1998, ABOR created the Committee for Implementation of the Orthodontics Specialist Examination. The committee presented a project for the implementation of the Brazilian Board of Orthodontics and Dentofacial Orthopedics (BBO) during the 2nd ABOR Conference, held in October 1999 in Florianopolis. The project was discussed and evaluated at a general assembly of ABOR's Board of Directors and was approved with the support of all of its members.
Market Drivers
- Increasing Number of Patients with Jaw Diseases, Malocclusions, Jaw Pain and Tooth Decay/Tooth Loss
- Growing Awareness about the Orthodontic Treatments
Market Trend
- Rising Technological Advancements and Favorable Healthcare Infrastructure across the Globe
- Integration with Highly Automated Systems such as CAD/CAM Software
Restraints
- Risks and Complexities Associated with Orthopedic Treatments
- Comparatively Higher Costs related to Other Orthodontic Treatments
Opportunities
Growing Demand for Orthodontic Supplies in Asia Pacific Region and Robust R&D Investments in Orthodontic Treatments
Challenges
Lack of Insurance Coverage for Number of Orthodontic Treatments and Lack of Healthcare Infrastructure in Underdeveloped Regions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Orthodontic Supplies Study Sheds Light on
The Orthodontic Supplies Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Orthodontic Supplies industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Orthodontic Supplies industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.