Orthodontics Market Expected to Witness Revolutionary Growth Between 2021 and 2030
Orthodontic procedures are used for cosmetic correction, to improve appearance and provide a healthy functional bite.
PORTLAND, OREGON, USA, September 13, 2022 /EINPresswire.com/ — According to a report published by Allied Market Research, the global market orthodontics market generated $2.76 billion in 2020 and is expected to reach $7.63 billion by 2030, growing at a CAGR of 10.7% from 2021 to 2030. The report provides a comprehensive analysis of the market. development. trends, key segments, key investment portfolios, value chains, geographies and competitive landscape.
♦ 𝐅𝐨𝐫 𝐛𝐞𝐭𝐭𝐞𝐫 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐠𝐞𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/4588
Rising awareness of oral health and boom in orthodontic products are driving the growth of the global orthodontics market. However, the high cost of orthodontic procedures and the adverse effects associated with the treatment are restraining the market growth. On the other hand, increasing product support for orthodontic treatment and advancements in orthodontic products provide new opportunities in the coming years.
Orthodontics accounted for the majority of the global orthodontics market share in 2020 and is expected to remain dominant during the forecast period, owing to the increase in the number of orthodontists and the presence of healthcare infrastructure well developed. Asia-Pacific is expected to experience lucrative growth, owing to the prevalence of malocclusion, increasing disposable income, and increasing dental tourism in the region.
Dental abnormalities such as crooked teeth, bite problems, such as an overbite or underbite, crowded teeth, and jaw misalignment are treated with orthodontic procedures. Orthodontics uses fixed and removable dental devices, such as braces, retainers, and bands, to alter the position of teeth in the mouth for dental procedures.
The COVID-19 outbreak is expected to negatively affect the orthodontics market growth. Many dental clinics are closed due to COVID-19 and closures are underway in many countries. The spread of COVID-19 has caused serious public health concerns. Many dental surgeries are canceled or postponed to prevent the spread of the COVID-19 virus. However, dental clinics are being rebuilt to be more efficient, which is expected to help market growth post-pandemic.
Top Key Players Analyzed in the Report –
Align Technology, Inc.,
Dentaurum GmbH & Co. KG,
Envista Holdings Corporation,
G&H Orthodontics, Inc. (Altaris Capital Partners, LLC),
Dentsply Sirona Inc.,
Rocky Mountain Orthodontics, Inc.,
Henry Schein, Inc., and
TP Orthodontics, Inc.
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/checkout-final/d386744f6bd7c4dda3a95eafe0fb6ec8
Factors driving the growth of the orthodontics market include the growing number of dentists and the increasing prevalence of malocclusion. Moreover, the increase in the number of children is driving the growth of the market. Dental procedures such as dental sealants are commonly performed on children. According to the Children’s Defense Fund, approximately 73 million children were reported in the United States in 2019 and approximately 530 million children were diagnosed with tooth decay in 2020, according to the World Health Organization (WHO). Worldwide. . Additionally, the increase in research and development in orthodontics is contributing to the growth of the orthodontics market.
The orthodontics market is segmented by age group, type and region. Based on age group, the market is categorized into adults and children. The children’s segment dominated the market in 2020 and this trend is expected to continue over the forecast period, owing to the increased prevalence of malocclusion in children.
Main results of the study –
Based on age group, the children’s segment was the largest contributor to the market in 2020.
Based on type, the brackets segment was the largest contributor to the orthodontics market in 2020
Based on region, North America garnered the largest revenue share in 2020, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
♦ 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 – –
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