2024-2033 Orthodontic Consumables Market: Key Insights on Growth Opportunities
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What is the Expected Growth Trajectory for the Orthodontic Consumables Market by 2033?
In recent years, there has been robust growth in the market size of orthodontic consumables. The market is set to expand from $2.67 billion in 2023 to $2.85 billion in 2024, representing a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth during the historic period include an increased demand for aesthetic dental procedures, an aging population, the use of three-dimensional (3D) printing in orthodontics, a surge in the demand for aesthetic dental treatment, and a growing demand for products related to oral care.
Expectations are high for substantial expansion in the orthodontic consumables market in the forthcoming years, with predictions placing the market at a value of $3.68 billion in 2028. This represents a 6.6% compound annual growth rate (CAGR). The imminent growth can be credited to a surge in dental clinics, increased population, an uptick in dentistry adoption, and a higher incidence rate of periodontal disease. Enhanced public education on oral health and a surge in oral disease prevalence are also contributing factors. During the forecast period, the market is expected to be influenced by several key trends, such as technological progression, advanced orthodontic treatments, the adoption of digital orthodontics, the entrepreneurship in product development, and the fusion of artificial intelligence (AI) with intraoral scanning devices.
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What Factors Are Leading to Growth in the orthodontic consumables Market?
The growth of the orthodontic consumables market is projected to be driven by an increase in oral diseases. This broad category of conditions can have an impact on the mouth, teeth, and other surrounding structures. Factors leading to the rise of these diseases include changes in diet, lack of oral hygiene, and heightened awareness of dental issues amongst individuals. Orthodontic consumables can help ward off sores and wounds, lessen the chances of infections which could lead to severe oral diseases, and maintain the aesthetic look of the teeth which contributes to psychological well-being. The World Health Organization, a government organization based in Switzerland, declared in March 2023 that oral diseases are predicted to affect nearly 3.5 billion individuals globally in 2022. Additionally, the British Dental Association, a health organization from the UK, stated in February 2024 that over 12 million adults in England have unmet dental needs. Thus, the orthodontic consumables market is being propelled by the growing occurrence of oral diseases.
Which Segments Play a Key Role in Understanding the Orthodontic Consumables Market?
1) By Product Type: Anchorage Appliances, Ligatures, Brackets, Archwires, Other Product Types
2) By Patient: Adults, Children And Teenagers
3) By End-User: Hospitals , Dental Clinics
What Trends Are Emerging as Game-Changers in the Orthodontic Consumables Market?
Leading businesses in the orthodontic consumables market are introducing innovative products like repositionable hooks to boost treatment efficacy, increase patient comfort, and offer more personalized orthodontic care solutions. A repositionable hook is a special type of hook that can be moved or adjusted after it’s initial placement, offering flexible and user-friendly treatment choices. These hooks often utilize a distinct adhesive or technology that lets them be repositioned several times without harming surfaces. For example, Ormco Corporation, an American company specializing in orthodontic products and solutions, unveiled the Ultima Hook in May 2022. This revolutionary orthodontic accessory is the first and sole repositionable hook obtainable in the market. This cutting-edge product is specifically engineered with the Ultima wire and allows up to three repositions for precise attachment to brackets. These hooks come pre-attached to the archwire, significantly decreasing the time clinicians spend during procedures.
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Which Regions Are Setting the Pace for Orthodontic Consumables Market Growth?
North America was the largest region in the orthodontic consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the orthodontic consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Orthodontic Consumables Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the orthodontic consumables market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Orthodontic Consumables Market Include
1. Orthodontic Consumables Market Executive Summary
2. Orthodontic Consumables Market Segments
3. Orthodontic Consumables Market Size And Template Market Growth Rate
4. Key Orthodontic Consumables Market Trends
5. Major Orthodontic Consumables Market Drivers
……
25. Key Mergers And Acquisitions In The Orthodontic Consumables Market
26. Top Orthodontic Consumables Companies
27. Orthodontic Consumables Market Opportunities And Strategies
28. Orthodontic Consumables Market, Conclusions And Recommendations
29. Appendix
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