Global orthodontic supplies market
DUBLIN, April 1, 2024 (GLOBE NEWSWIRE) — The “Global Orthodontic Supplies Market – Industry Size, Share, Trends, Opportunities, and Forecast, 2018-2028” report has been added. ResearchAndMarkets.com Recruitment.
Orthodontic Supplies Market Growth Overview
The global orthodontic products market is exhibiting a steady growth pattern, projected to grow at a CAGR of 7.36% until 2028. The market is currently valued at USD 7.02 billion as of 2022. Advances in technology, increasing focus on cosmetic dental treatments, and interest in increasing access to dental care have been identified as the key drivers driving this growth.
Innovation drives the market forward
Continuing technological advancements are revolutionizing orthodontic treatment, delivering greater efficiency, precision, and an improved patient experience. Innovations range from 3D printing of orthodontic appliances to AI-powered treatment planning software, increasing the overall effectiveness of orthodontic procedures and shaping the future of the orthodontic supplies market.
Consumer aesthetic concerns confirm market demand
There is a noticeable increase in the trend of patients seeking aesthetically pleasing orthodontic solutions. The market has responded to this demand, especially among adult patients, with the development of discreet treatment options such as clear aligners and ceramic braces. These aesthetic improvements are preferred not only because they are discreet, but also contribute to the overall positive psychological impact on patients.
Increased access to dental care supports market expansion
Improved access to dental care around the world is also contributing to market growth, with expanded dental services, insurance coverage, and government initiatives helping more people seek orthodontic treatment. Masu. Technologies such as teleorthodontics are making specialized treatment more accessible, especially in remote locations, further driving market expansion.
Challenges and trends: Addressing patient preferences and pricing pressures
The orthodontic supplies market faces challenges such as adapting to specific consumer preferences for discreet and more convenient treatment options. Meanwhile, competitive pricing pressures require providers to deliver value while remaining affordable. Despite these challenges, trends such as the popularity of invisible aligners are creating new opportunities and shaping industry dynamics.
Market segmentation reveals important insights
Segmentation analysis shows that Brackets occupies a strong position in the market due to their effectiveness in treating complex dental problems. Among patients, adults are leading the demand for the orthodontic products market due to concerns about functionality and aesthetics. Geographically, North America dominates the market, supported by robust healthcare spending, advanced dental infrastructure, and broad insurance coverage.
Industry leaders spearhead market development
The market landscape includes major companies such as The 3M Company, Align Technology Inc., American Orthodontics, and Henry Schein, Inc. These companies are at the forefront of introducing innovative products and solutions that meet the changing needs of the orthodontic products market.
In conclusion, the global orthodontic supplies market will continue on a significant growth trajectory driven by technological innovations, consumer aesthetic concerns, and expanding accessibility of orthodontic care. This includes a variety of innovative products to meet the diverse needs of adult and pediatric patients around the world.
key attributes
|
report attributes |
detail |
|
number of pages |
190 |
|
Forecast period |
2022-2028 |
|
Estimated market value in 2022 (USD) |
$7.02 billion |
|
Projected market value to 2028 (USD) |
$10.77 billion |
|
compound annual growth rate |
7.3% |
|
Target area |
global |
Companies mentioned in this report include, but are not limited to:
For more information on this report, please visit https://www.researchandmarkets.com/r/c5sxt8.
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