Worldwide Orthodontic Supplies Industry to 2028 – Growing Prevalence of Dental Problems is Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Orthodontic Supplies Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product, Application, Disease Type, Distribution Channel, and End User” report has been added to ResearchAndMarkets.com’s offering.

The orthodontic supplies market is projected to reach US$ 11,038.07 million by 2028 from US$ 5,448.86 million in 2021. It is estimated to grow at a CAGR of 10.6% during 2021-2028.

The growth is attributed to various factors such as high prevalence rate of dental problems and irregularities along with the surge in cosmetic dental procedures owing to increasing consciousness about aesthetics.

Oral health is one of the important aspect of healthcare which can impact the overall well being of and individual. Poor oral hygiene can led to various gum diseases, dental problems, crocked teeth malocclusions, gum disease, periodontal diseases, cavities and others. There is a large population base dealing with some kind of dental problems or irregularities.

For instance, According to Global Burden of Diseases Study, oral disease affected approximately 3.5 billion people on a global scale and dental caries and periodontal disease are the 11th most prevalent disease on a global level in 2019. The dental problems are most common among children and older adults, malocclusions, crooked teeth, overbite, overcrowding are some of the common dental problems observed among large population base.

For instance, as per Centers for Disease Control and Prevention, in the US approximately 47.2% of the adults over 30 years of age have some kind of periodontal disease and its increases with the age approximately 70.1% adults over the age of 65 years have periodontal disease during 2020. Thus, Increasing prevalence of dental problems are expected to create demand for orthodontic supplies market driving the market growth.

Moreover, there has been significant increase in the awareness among people regarding oral and dental health which has further created the demand for supplies. Additionally, various governments and non-government organization have organized various campaigns to further increase the awareness about dental and oral health and are also expected to fuel the growth of orthodontic supplies market. The increasing awareness has increased the visits to dental clinics for better dental and oral health for instance, According to the Centers for Disease Control and Prevention data, 63% of the adult population took dental treatment in the US in 2020, and 85.9% of the children and the teenage population took dental treatment in the US in 2018. Also, as per the Centers for Disease Control and Prevention (CDC) data, ~25.9% of the adult population had untreated dental caries during 2015-2018 in the US.

On the other hand increasing consciousness about aesthetics has further increased the demand for dental cosmetic surgeries which are further supported by the changing reimbursement scenario. In Addition, the technological advancement in the field of dentistry and orthodontics along with surge in orthodontics and dental clinics area also expected to enhance the demand for orthodontic supplies market which in turn drive the growth of orthodontic supplies market.

The COVID-19 outbreak has affected the large population based all around the globe. Some of the countries are affected badly due to the lack of infrastructure and healthcare facilities especially emerging and under-developed economies. It has created burden on the healthcare industry due to which government was forced to implement stringent polices to deal with the pandemic situation. The government imposed lockdown led to cancellation of all non-critical procedures such as cosmetic procedures, dental procedures, dermatological treatment and others.

Market Dynamics

Drivers

  • Growing Prevalence of Dental Problems
  • Rising Incidence of Malocclusions in Children

Restraints

  • High Cost of Orthodontic Treatments and Stringent Regulatory Policies

Opportunities

  • Rising Dental Tourism In the Emerging Nations

Future Trends

  • Digitization by CAD/CAM Technology

Companies Mentioned

  • 3M
  • Dentsply Sirona
  • Align Technologies Inc.
  • Henry Schein, Inc.
  • Ultradent Products Inc.
  • Orthodontics, Inc.
  • SmileDirectClub, Inc.
  • American Orthodontics
  • G&H Orthodontics
  • DB Orthodontics
  • Candid Care Co.
  • Envista Holdings Corporation

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