At a staggering CAGR of 17.2% Orthodontics market size

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Pune, India, December 14, 2021 (GLOBE NEWSWIRE) – The global Orthodontic Market The volume was $ 4.76 billion in 2020. The market is $ 5.38 billion in 2021 and is projected to reach $ 16.36 billion in 2028 at a CAGR of 17.2% over the 2021-2028 period. This information is published by Fortune Business Insights ™ in its report, entitled “Orthodontics Market, 2021-2028”.

According to our research experts, the demand for these products is growing rapidly due to the numerous medical and visual reimbursements that dental orthodontic treatment offers. In addition, an ongoing shift towards preventative oral care, increasing concerns about device hygiene, and promising health benefits in the treatment of misaligned teeth are expected to drive the growth of the orthodontics market over the period.

Industry development

  • March 2020: Align Technology, Inc. is party to an agreement to acquire Global Holdings GmbH, a pioneer in the dental CAD / CAM software market.

Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/orthodontics-market-101587

Report scope and segmentation

Report coverage details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 17.2%
Value forecast 2028 $ 16.36 billion
Base year 2020
Market size in 2021 $ 5.38 billion
Historical data for 2017 to 2019
number of pages 215
Covered segments Product types, end users and geography
Growth accelerator Consumables segment is expected to dominate due to the rapid introduction of advanced orthodontic techniques
High procedural costs to limit market growth
Technological advances in products to advance the market

Suspension of Electoral Operations Amid COVID-19 Leads to Decline in Global Market Sales

The COVID-19 pandemic has become one of the most important health crises worldwide. The healthcare industry observed a significant impact on their income growth. The market, on the other hand, saw negative growth of -2.9% in 2020.

To contain the spread of the COVID-19 virus, numerous preventive measures have been considered, including a nationwide lockdown of dental facilities except in emergencies. Dental orthopedic emergencies are rare, so the suspended appointments worldwide are one of the main factors slowing the growth of the orthodontic industry in 2020.

To learn more about the short and long term effects of COVID-19 on this market,

please visit: https://www.fortunebusinessinsights.com/industry-reports/orthodontics-market-101587

Technological developments in dental equipment to promote market growth

  • The advent of dental imaging and 3D dental scanners has reduced the need for handwritten reports and assisted surgical treatment planning with virtual images of the patient’s teeth, jaw and mouth.
  • In addition, the presentation of technologically advanced diagnostic devices from major manufacturers for the medical analysis of the oral condition and the identification of crooked teeth underscored the superiority of dental orthopedics.
  • In addition, the amalgamation of 3D technologies, AI-based technologies, CAD / CAM and IoT software with dental orthopedic methods for the precise healing of a patient’s uneven teeth is fueling market growth.

Align Technology, Inc. maintains maximum market share and continues to see improvements

The global market will be merged with Align Technology, 3M, Ormco Corporation and Institut Straumann AG and will retain the leading position. On an earnings basis, Align Technology is responsible for the largest share of the market, mainly due to the amazing sales of Invisalign worldwide.

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Drivers and restrictions

Technological developments in dental equipment to promote market growth

  • The advent of dental imaging and 3D dental scanners has reduced the need for handwritten reports and assisted surgical treatment planning with virtual images of the patient’s teeth, jaw and mouth.
  • In addition, the presentation of technologically advanced diagnostic devices from major manufacturers for the medical analysis of the oral condition and the identification of crooked teeth underscored the superiority of dental orthopedics.
  • In addition, the amalgamation of 3D technologies, AI-based technologies, CAD / CAM and IoT software with dental orthopedic methods for the precise healing of a patient’s uneven teeth is fueling market growth.

Regional insights

  • North America held the maximum market share in orthodontics, valued at $ 2.26 billion in 2020. It is expected to lead the market in the forecast stage. The introduction of advanced devices such as oral scanners to aid the orthodontic healing process and the growing capital endowment from newly established dental suppliers are expected to expand the market in North America.
  • The rapid adoption of dental facilities, particularly in the UK, France and Germany, and the increasing number of orthodontists are expected to multiply the market size in Europe. In addition, the growing inventory of malocclusion treatment needs is estimated to be fueling market growth in Europe.

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List of Key Players Covered in Orthodontic Market report

  • Institut Straumann AG (Basel, Switzerland)
  • Dentsply Sirona (Pennsylvania, USA)
  • 3M (Minnesota, USA)
  • Ormco Corporation (Brea, USA)
  • DB Orthodontics (Silsden, Great Britain)
  • Henry Schein, Inc. (New York, USA)
  • Align Technology, Inc. (San Jose, USA)
  • AMERICAN Orthodontic Treatment (Wisconsin, USA)
  • Great Lakes Dental Technologies (Tonawanda, USA)

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