| Source: FACT.MR FACT.MR
Rockville, Maryland, UNITED STATES
South Korea, Seoul, Aug. 24, 2022 (GLOBE NEWSWIRE) — Expanding at a high-value CAGR of 11%, the global orthodontic supplies market is projected to reach a valuation of US$ 12 billion by 2026, says Fact.MR, a market research and competitive intelligence provider.
Malocclusion, a condition marked by inappropriate alignment of the teeth and jaws, is treated largely by orthodontics, a field of dentistry. The aim is to correct dental alignment, cover up ugly gaps, and create atypical bite patterns.
Several types of permanent and removable equipment are available for jaw development, teeth movement, and muscle retention. Some of the fixed orthodontic products include braces, special fixed equipment, and fixed space maintainers, whereas removable orthodontic products include aligners, removable retainers, palatal expanders, and other items.
The market is being driven by factors such as the rising prevalence of orthodontic disorders, acceleration of technology development, and increasing public awareness of orthodontic procedures.
Get Sample PDF of This Research Report with Detailed Table of Content: https://www.factmr.com/connectus/sample?flag=S&rep_id=7641
Between 39% and 93% of children and adolescents are thought to have malocclusion. The prevalence of malocclusion among the population is projected to rise, which will drive demand for orthodontics products such as braces and aligners and propel market expansion.
Key Takeaways from Market Study
Market expansion is anticipated to be boosted by various tactics used by major industry players, such as collaborations & acquisitions, partnerships, mergers, and more.
Speak to Analyst:
COVID-19 Impact on the global orthodontic supplies market
The COVID-19 pandemic has significantly affected the orthodontic supplies market. Due to the pandemic, the orthodontic supplies market experienced short-term negative growth, which can be attributed to a sharp reduction in access to hospital temporarily shutdown of orthodontic clinics. This led to reduction in the dental spendings amount patients. According to the American Dental Association (ADA), the US witnessed a decline of 66% in dental spending in 2020. Around 32% of reduction in US dental spending is expected in 2021.
The restricted or limited access to dental clinics, temporary closure of hopitals, and implementation of strict lockdown resulted in a reduction in the number of monthly appointments in dental clinics. This further reduced the sales of orthodontic products. With the reopening of hospitals and dental clincs along with the penetration of tele dentistry and relaxations in lockdown measures, growth in this market is expected to pick up pace in the coming months.
Key Segments in Orthodontic Supplies Industry Research
Quick Buy – Medical Disposables Market Research Report: https://www.factmr.com/checkout/7641
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global orthodontic supplies market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2026.
The study divulges essential insights on the market on the basis of product (fixed braces, removable braces, retainers, adhesives), patient (children & teenagers, adults), and end user (hospitals, dental clinics, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Get your Customized Research Report:
Check out more related studies published by Fact.MR Research:
Orthopedic Braces and Support System Market – Top manufacturers of orthopedic braces and supports are increasingly focusing on designing braces in orthopedics in line with smart technology. Some of the recently launched orthopedic products equipped with smart technology include step smart braces, smart AFO braces, and smart spine braces.
Orthopedic Power Tools Market – The global orthopedic power tools market accounted for ~1% of the global surgical instruments market in 2021. The global orthopedic power tools market is estimated to have an absolute $ opportunity of USD 1.3 Billion during the forecast years of 2022-2032.
Orthopedic Implants Market – The global orthopedic implants market is expected to be valued at US$ 468 Mn by the end of 2022, and is likely to flourish at a CAGR of 6.7% across the 2022-2032 forecast period. By the end of the assessment period, the market is expected to reach US$ 900 Mn.
Orthopedic Footwear Market – The global orthopedic footwear market is majorly driven by rise in the number of accidents, which is the major cause of orthopedic injury. In addition to this, increase in the availability as well as variability of orthopedic footwear in various applications also promotes the market growth.
Orthopedic Repair Market – Orthopedic repair is also called orthopedic surgery or orthopedics, which is a branch of medicine that deals with the conditions involving the musculoskeletal system. Orthopedic doctors use both, surgical and non-surgical means to treat musculoskeletal anomalies, spinal anomalies, and sports and trauma injuries.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-158