2020, upcoming Trends and Innovations in Asia-Pacific Orthodontics Market, Worth $4.2 billion by 2025 |Meticulous Research
Meticulous Research – a leading global market research company published a research report titled “Asia-Pacific Orthodontics Market by Product [(Removable, Fixed Braces (Brackets (Metal, Ceramics), Archwire (Beta Titanium, Stainless Steel), Anchorage Appliances, Ligature, Retainers)], Patient (Children and Teen, Adult) – Forecast to 2025”.
According to this latest publication from Meticulous Research, the Asia-Pacific orthodontics market is expected to grow at a CAGR of 36.4% from 2019 to reach $4.2 billion by 2025. The growing number of dentists and clinics, increasing prevalence of malocclusion, and growing awareness about advanced orthodontic treatments are the key factors driving the growth of this market. On the other hand, high cost of advanced orthodontic treatments and limited reimbursement is expected to hinder the growth of this market.
The APAC orthodontics market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product (removable, fixed braces (brackets (metal, ceramics), archwire (beta titanium, stainless steel), anchorage appliances, ligature, retainers), and by patient (children and teen, adult). The study also evaluates industry competitors and analyzes the market at country level.
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On the basis of product type, removable braces segment commanded the largest share of APAC orthodontics market, followed by fixed braces. The large share and high growth of this market is mainly attributed to growing adoption of invisible braces and growing number of orthodontic treatments in many countries in this region.
Fixed braces market is further segmented into brackets, archwires, anchorage appliances, and ligatures. Bracket segment accounted for the largest share of the fixed braces market. Brackets market is further segmented into metal and ceramic. Metal brackets accounted for the largest share due to their high adoption in Asian countries with its low cost and high strength. However, ceramic brackets market is expected to grow at the highest CAGR in the next few years. However, higher incidence of fracture during debonding is expected to hinder its adoption to a certain extent.
Key questions answered in the report-
Which are the high growth market segments in terms of product, patient or age group, and countries?
What was the historical market for orthodontics in APAC?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the APAC orthodontics market?
Who are the major players in the APAC orthodontics market?
How is the competitive landscape and who are the market leaders in the APAC orthodontics market?
What are the recent developments in the APAC orthodontics market?
What are the different strategies adopted by the major players in the APAC orthodontics market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the APAC orthodontics market and how do they compete with the APAC players?
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On the basis of patient or age group, orthodontics market for children and teen commanded the largest share of APAC market in 2018. The large share and high growth of this market is mainly attributed to growing adoption of orthodontic treatment among teenagers, and growing number of orthodontists across the Asia-Pacific region.
This research report analyzes major geographies and provides comprehensive analysis of Japan, China, India, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Taiwan, and Rest of Asia-Pacific. China commanded the largest share of the APAC orthodontics market in 2018, followed by Japan and India. The largest share of China is mainly attributed to large patient pool, increasing number of dentists, supportive healthcare reform in China, and expanding presence of key players in the country. Increasing disposable income and growing awareness on oral health are further expected to drive the growth of this market in the country. In China, there were around 400,000 orthodontic cases in 2014 which are growing at a rate of 20% annually and expected to reach 1.1 million cases by 2020. In addition, increasing number of dentists offering orthodontic treatment, growing number of beauty hospitals, and growing number of teen demanding orthodontic treatment are further expected to drive the orthodontic cases in the country which will propel the adoption of the orthodontic products in the country.
Asia-Pacific Orthodontics Market Key Players
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 5 years (2015-2019). The major players operating in the APAC orthodontics market are Align Technology, Inc. (U.S.), 3M Company (U.S.), and Danaher Corporation (U.S.), DENTSPLY SIRONA Inc. (U.S.), Straumann AG (Switzerland), G&H Orthodontics (U.S.), Great Lakes Orthodontics, Ltd. (U.S.), DB Orthodontics (U.K.), DENTAURUM GmbH & Co. (Germany), and TP Orthodontics, Inc. (U.S.) among others.
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Key Findings in the APAC Orthodontics Market Study:
Removable Braces to Post Fastest Growth
Removable braces include invisible braces and retainers. Clear aligner therapy has been a part of orthodontic practice for decades, but has, particularly since the introduction of Invisalign appliances (Align Technology) in 1998, become an increasingly common addition to the orthodontic armamentarium. Currently, around 27 clear aligner products are available in the market. In recent years, orthodontic treatment with clear aligner has increased across the globe mainly due to growing awareness & demand for aesthetics looks. Thus, the large share and high growth of this market is mainly attributed to growing adoption of invisible braces and growing number of orthodontic treatments.
China: The Largest Market
China commanded the largest share of the APAC orthodontics market in 2018, followed by Japan and India. The largest share of China is mainly attributed to large patient pool, increasing number of dentists, supportive healthcare reform in China, and expanding presence of key players in the country. Increasing disposable income and increasing awareness on oral health are further expected to drive the growth of this market in the country.
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