Orthodontics Market Update 2023: Predicted to Surpass USD 7.637 Billion by 2030, Report

Orthodontics market size was valued at $2,767.4 million in 2020, and is projected to reach $7,637.8 million by 2030, registering a CAGR of 10.7% from 2021 to 2030. Orthodontics is the dentistry branch that deals with the diagnosis, prevention, interception, guidance, and correction of bad bites or dental irregularities, including the use of braces. The orthodontics procedures are done with brackets, anchorage appliances, archwires and ligatures. Orthodontics procedures are used for cosmetic correction, to improve appearance and provide a healthy functional bite.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Factors that drive the growth of the orthodontics market include rise in number of dentists, and increase in prevalence of malocclusion. In addition, increase in number of children drives the growth of market. The dental procedures such as dental sealants are commonly carried out in children. According to the organization of Children’s Defense Fund, in 2019, around 73 million children are reported in the U.S. Moreover, according to World Health Organization (WHO), in 2020, it was reported that approximately 530 million children are diagnosed with dental caries, globally. Furthermore, increase in R&D activity in orthodontics contribute in the growth of the orthodontics market.

The orthodontics market is segmented on the basis of age group, type and region. Based on age group, the market is categorized into adults and children. The children segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in prevalence of malocclusion in children.

By type, the market is divided into brackets, anchorage appliances, ligatures and archwires. The brackets segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to the advancement in brackets and increase in number of key players to manufacture advanced orthodontic product.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/4588

The COVID-19 outbreak is anticipated to have a negative impact on the growth of the orthodontics market. Most of the dental clinics are not operating due to COVID-19 and the ongoing lockdowns in many countries. The spread of COVID-19 led to a major public health issue. Most of the dental surgeries are either canceled or postponed to avoid spread of COVID-19 virus. However, dental clinics are reconstructed to operate with more precautions, which is expected to contribute toward the market growth post the pandemic.

North America accounted for a majority of the global orthodontics market share in 2020, and is anticipated to remain dominant during the forecast period, due to increase in number of orthodontists and presence of well-developed healthcare infrastructures. Asia-Pacific is anticipated to witness lucrative growth, owing to the prevalence of malocclusion, rise in disposable income and increase in dental tourism in region.

𝐎𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐘𝐨𝐮 𝐀𝐧𝐬𝐰𝐞𝐫 𝐭𝐨 𝐁𝐞𝐥𝐨𝐰 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧:

• Which are the driving factors responsible for the growth of market?• Which are the roadblock factors of this market?• What are the new opportunities, by which market will grow in coming years?• What are the trends of this market?• Which are main factors responsible for new product launch?• How big is the global & regional market in terms of revenue, sales and production?• How far will the market grow in forecast period in terms of revenue, sales and production?• Which region is dominating the global market and what are the market shares of each region in the overall market in 2023?• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?• Which region has more opportunities?

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