Orthodontic Supplies Market will Register 9% CAGR Throughout from 2018 to 2024
SELLBYVILLE, Del., Aug. 24, 2018
SELLBYVILLE, Del., Aug. 24, 2018 /PRNewswire-iReach/ -- Global Orthodontic Supplies Market revenue is supposed to bypass USD 7 billion by 2024; as per a new research report published by Global Market Insights, Inc. Increase in demand for invisible removable braces in the European region will enhance the business growth. The rise in awareness among the people about their physical appearance in Europe region has escalated the demand for use of technologically advanced invisible removable braces. Rise in technological advancements and increasing awareness of aesthetic alternatives to traditional braces will increase the demand for invisible removable braces for orthodontic treatment.
Rise in awareness among the people regarding oral health in Latin America region will augment the orthodontic supplies market. Growing healthcare expenditure, rising awareness among the people regarding oral healthcare and rising need to address the orthodontic disorders will boost the orthodontic supplies industry growth. Also, the increase in number of initiatives taken by the government for oral healthcare and flourishing medical tourism in country such as Mexico will help in boosting the growth of orthodontic supplies market growth in Latin American region.
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Orthodontic supplies market will be impeded by presence of unfavourable reimbursement policies and insurance coverage in the developing regions of Asia Pacific and Latin America. High cost of the braces and orthodontic treatment will reduce the product adoption rate resulting in hampering the market growth.
Children & Teenagers patients segment held majority with total revenue of over USD 3.2 billion in 2017. Increase in number of teens suffering from teeth misalignment issues and growing accessibility to public healthcare insurance policies for child dental treatments will propel the orthodontic supplies industry market.
Fixed braces business segment is expected to show lucrative growth with 8.9% CAGR during the forecast timeframe. Extended use of fixed braces to treat orthodontic disorders such as malocclusion and chronic dental conditions will influence the growth of fixed braces business segment market.
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Some of the leading players in orthodontic supplies industry are 3M, Align Technology, Straumann group, DENTSPLY Sirona, American Orthodontics, Patterson Companies, Henry Schein, G&H Orthodontics and DENTAURUM. These players concentrate on strategic decisions to develop new technologically advanced products. Also, merger and acquisitions have helped the companies to increase their product portfolio.
U.S. orthodontic supplies market held the largest revenue share in 2017 with revenue of over USD 1.5 billion. This was attributed to high adoption of removable braces and escalated disposable income among the middle-class families of the country. Launch of innovative technologies and advanced designs for orthodontic supplies such as invisible braces will favor business growth.
Indian orthodontic supplies market will witness 12.6% CAGR during the projection years, owing to increasing prevalence of untreated patients with orthodontic disorder such as malocclusion. Also, increasing disposable income will enhance the capacity of country population to spend on healthcare services driving the industry growth.
Browse key industry insights spread across 150 pages with 63 market data tables & 10 figures & charts from the report, "Orthodontic Supplies Market" in detail along with the table of contents:
Partial Table of Contents (ToC) of the report:
Chapter 2. Executive Summary
2.1. Orthodontic supply market industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Patient trends
2.1.4. Regional trends
Chapter 3. Orthodontic supplies Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls & challenges
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By patient
3.5. Regulatory landscape
3.6. Porter's analysis
3.7. Competitive landscape, 2017
3.7.1. Business overview
3.7.2. Revenue analysis
3.7.3. Product landscape
3.7.4. Strategy dashboard
3.8. PESTEL analysis
Chapter 4. Orthodontic supply market, By Product
4.1. Orthodontic supply market share, by product, 2017 & 2024
4.2. Fixed braces
188.8.131.52. Market estimates and forecast, by region, 2013 – 2024
184.108.40.206. Market estimates and forecast, by region, 2013 – 2024
220.127.116.11. Market estimates and forecast, by region, 2013 – 2024
4.2.4. Anchorage appliances
18.104.22.168. Market estimates and forecast, by region, 2013 – 2024
4.3. Removable braces
4.3.1. Market estimates and forecast, by region, 2013 – 2024
4.4. Orthodontic adhesives
4.4.1. Market estimates and forecast, by region, 2013 – 2024
4.5.1. Market estimates and forecast, by region, 2013 – 2024
Browse Full ToC @ https://www.gminsights.com/toc/detail/orthodontic-supplies-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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SOURCE Global Market Insights