Market Highlights
The global orthodontic consumables market is accounted to register a CAGR of 6.30% during the forecast period and is estimated to reach USD 4.852 billion by 2032.
One of the main factor fostering a favorable outlook for the industry is the rising demand for aesthetic dental care around the world. Orthodontic supplies are frequently used to straighten teeth, improve alignment, cure gaps, chips, cracks, and discolouration, which results in a more youthful appearance, increased confidence, self-esteem, improved smile, and enhanced overall appearance. Another element driving growth is the expanding product usage brought on by the rising prevalence of malocclusion, periodontal disease, and other dental issues among the populace. Additionally, the adoption of numerous government programs to increase public awareness of oral health and give people access to high-quality treatment alternatives is encouraging market expansion.
Key Players:
MRFR recognizes the following companies as the key players in the global orthodontic consumables market - DB Orthodontics; DENTSPLY International, Inc.; Align Technology, Inc.; Rocky Mountain Orthodontics; American Orthodontics; G&H Orthodontics; Danaher Corp.
Segment Analysis
The global orthodontic consumables market has been segmented into product and end-use.
On the basis of product, the market is segmented into Anchorage Appliances, Ligatures, Brackets, Archwires and Others. The brackets segment was attributed to holding the largest market share in 2022. The segment is expected to continue to rise significantly. The most lucrative sub-segment of the bracket sector is the self-ligating bracket, which secures the archwire in place without a ligature or elastic on the outside.
Based on end-use, the global orthodontic consumables market has been segmented into Hospitals and Dental Clinics. The dental clinics segment was expected to hold the largest market share in 2022. The increasing number of dental offices across the world, as well as the widespread usage of cosmetic dentistry by small dental offices and large-scale dental offices, are the primary drivers driving the expansion of this industry. Furthermore, the growing number of dental clinics, particularly in developed nations, is expected to boost the market's growth.
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Regional Analysis
The global orthodontic consumables market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe orthodontic consumables market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The orthodontic consumables market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World orthodontic consumables market comprises of Middle East, Africa, and Latin America.
The largest market share for orthodontic consumables was maintained by the North American regional sector. Due to its developed nations like the United States and well-established medical infrastructure, North America held the largest market share. Due to its expanding population, developments in dental technology, and expanding insurance plan coverage, the United States is the market's growth driver.
Moreover, the Europe market has been persistently growing over the forecast period. The increased desire for enticing orthodontic treatments like transparent aligners is expected to boost the market in this region. Additionally, the growing number of dental clinics and hospitals in this area, along with helpful government initiatives, are expected to fuel demand for orthodontic consumables.
Additionally, Asia Pacific is anticipated to experience the quickest growth in the forecast period due to a number of variables, including an increasing population with misaligned teeth and an improved healthcare system. As a result of financial issues, more patients from China and Japan will seek treatment at private clinics and hospitals during the forecast years, which will raise demand for orthodontic appliances.
Furthermore, the rest of the world's orthodontic consumables market is divided into the Middle East, Africa, and Latin America. During the forecast period, rest of the world is anticipated to have significant growth, driven by increased healthcare spending and escalating demand for orthodontic treatments.
Key Findings of the Study
- The global orthodontic consumables market is expected to reach USD 4.852 billion by 2032, at a CAGR of 6.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market attributable to a number of factors, including an increase in the number of people with crooked teeth and a better healthcare system.
- Based on end-use, the dental clinics segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- DB Orthodontics; DENTSPLY International, Inc.; Align Technology, Inc.; Rocky Mountain Orthodontics; American Orthodontics; G&H Orthodontics; Danaher Corp.