Orthodontic Supplies Market Analysis By Industry Share, Growth, Trends & Forecast 2021-2026

Orthodontic Supplies Market Analysis By Industry Share, Growth, Trends & Forecast 2021-2026

The U.S. Patent and Trademark Office has issued a patent to Bay Materials LLC for their Dual Shell Dental Appliance and Materials Constructions. This patent has allowed them to validate their contemporary approach to novel orthodontic aligners and thermoformable materials.

Developments like these will play a pivotal role in the augmentation of orthodontic supplies market share. According to a recent report by Global Market Insights Inc., the overall market size is estimated to value at over USD 10.5 Billion by the end of 2026.

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Among adults, teenagers and children, the adult population will play a key role in the augmentation of market size. The expansion is attributed to the rising adult population which is further fueling the concerns facial aesthetics. To support the same with an instance, as per a study by the World Health Organization (WHO), 33% of the adult population in low income countries have expressed the need for oral health services.

In lower-middle-income and upper-middle income countries, the number ranged to 60% and 75% respectively. Looking at factors like these, it would be safe to state the orthodontic supplies industry revenue from adult population segment will grow at 10% CAGR through 2026.

While on topic, substantial growth in the elderly population in Latin America and the Caribbean region is observed. A rise in incidences of discolored or broken teeth and dental pain is observed in this population pool, which can further hamper their health and well-being. Driven by such instances, health organizations are taking initiatives to spread awareness regarding oral health, which will create a positive impetus on orthodontic supplies market forecast.

Product-wise, the market is divided into removable braces, orthodontic adhesives, fixed braces and others. Of these, the fixed braces segment accounted for a respectable global orthodontic supplies market share in 2019 and was valued at USD 1.4 Billion. Owing to their strength, lower cost and high durability, fixed braces are witnessing a rise in demand. Furthermore, these braces offer long-lasting results whilst providing precise teeth movement. These are the primary contributing factors for the overall industry growth.

On regional front, in 2019, Latin America orthodontic supplies industry share led by Brazil was valued at over USD 145 Million. The growth is attributed to the soaring number of orthodontists and growing ubiquity of malocclusions. Moreover, governments are undertaking initiatives for improving oral healthcare in the nation, thereby fueling the global orthodontic supplies market demand.

The North America region is predicted to fuel the orthodontic supplies market demand owing to a rise in the disposable income of the population. As per a report published by the National Center for Biotechnology Information (NCBI), there has been a 27% increase in the per capita ortho expenditure of the U.S population over the last ten years. All sections of the population are now able to access orthodontic treatments in the region. This has also increased awareness amongst the U.S population regarding ortho treatments and overall dental care, thereby promoting global orthodontic supplies market growth.

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Some of the key market players are 3M, Align Technology, Dentsply Sirona, American Orthodontics Inc., Astar Orthodontics Inc., Dental Morelli Ltd., Rocky Mountain Orthodontics and G&H Orthodontics Inc. These companies are involved in implementing strategies such as mergers and acquisitions and product launches for strengthening their market position.

For instance, Dentsply Sirona recently acquired Byte, a doctor-directed, direct-to-consumer clear aligner company. This acquisition will allow Dentsply Sirona in scaling their business of clear aligners. Furthermore, Byte’s nationwide network of orthodontists and licensed dentists shall aid them in expanding their operations seamlessly.

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