Orthodontics is a subspecialty of dentistry concerned with the diagnosis, prevention, and treatment of dental and facial irregularities and abnormalities. Orthodontic devices are used to straighten teeth, prepare the mouth and teeth for braces, and offer support while wearing braces. Orthodontics is used to close big gaps between teeth, align tooth tips, correct crooked teeth, and improve speech and biting abilities. Orthodontics is used to treat crowded, protruding, and crooked teeth, as well as tooth bite issues.
Global Orthodontics Market Driving Factors and Challenges
The globally orthodontics market is growing as the geriatric population grows, as does awareness of dental health and demand for orthodontic goods. According to Eurostat, by 2020, more than 20.6% of the EU population would be 65 or older. Furthermore, an increase in malocclusion prevalence is expected to drive their adoption during the research period. Conversely, large untapped market potential in emerging economies such as China and India, as well as increased demand for orthodontic surgeries, are projected to provide market participants with profitable opportunities.
The orthodontics market faces different challenges that affect its growth and operation. One of the most major problems is the high expense of orthodontic procedures, which may deter potential patients, especially in countries where healthcare coverage is poor or out-of-pocket expenditures are excessive. Furthermore, while technology advancements improve treatment options, they necessitate continual investment in training and equipment upgrades, creating financial and educational barriers for practitioners. This market is extremely competitive, causing price pressures and making it difficult for individual clinics to differentiate themselves.
Impact of COVID-19 on Global Orthodontics Market
The epidemic of COVID-19 had a huge influence on the orthodontics business. The epidemic first forced many orthodontic clinics to temporarily suspend or reduce their operations due to safety concerns and government-mandated lockdowns. Patient visits and revenue streams for orthodontic practitioners were considerably interrupted as a result. Furthermore, fear of contracting the virus, as well as financial constraints, caused some patients to postpone or cancel their orthodontic procedures, resulting in a drop in new patient inquiries.
Orthodontics Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 3M Company, Align Technology, Inc., American Orthodontics, Dentaurum GmbH & Co. KG, Dentsply Sirona Inc., Envista Holdings Corporation, G&H Orthodontics, Inc., Henry Schein, Inc., Rocky Mountain Orthodontics, Inc.
Global Orthodontics Market Segmentation:
By Product Type: Based on the Product Type, Global Orthodontics Market is segmented as; Instruments, Supplies, Removable.
By End User: Based on the End User, Global Orthodontics Market is segmented as; Dentist Orthodontist Owned Practices.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.