Global Orthodontics Market 2024–2033

Reports Description

As per the current market research conducted by Custom Market Insight Team, the global Orthodontics market is expected to record a CAGR of 10.7% from 2023 to 2030. In 2023, the market size is projected to reach a valuation of US$ 2,876.4 million. By 2030, the valuation is anticipated to reach US$ 7,637.8 million.

The orthodontics market refers to the segment of the dental industry that deals with the diagnosis, prevention, and treatment of misaligned teeth and jaws. This includes the use of orthodontic tools such as braces, aligners, and retainers, among others. The orthodontics market is driven by various factors such as an increasing prevalence of malocclusion, growing awareness about orthodontic treatment, and rising demand for cosmetic dentistry.

Orthodontics Market – Mergers and Acquisitions

There have been several mergers and acquisitions in the orthodontics market in recent years. Some notable examples include:

• Dentsply Sirona acquired Align Technology’s intraoral scanner business in 2021. This acquisition allowed Dentsply Sirona to expand its digital dentistry offerings and improve its position in the orthodontic market.
• Straumann Group acquired a majority stake in ClearCorrect in 2017. ClearCorrect is a leading provider of clear aligner orthodontic treatments, and this acquisition allowed Straumann to expand its orthodontic offerings.
• 3M acquired Ortho Technology in 2019. Ortho Technology is a leading provider of orthodontic supplies and accessories, and this acquisition allowed 3M to expand its orthodontic product portfolio.
• Henry Schein acquired Ortho Technology in 2018. This acquisition allowed Henry Schein to expand its orthodontic product offerings and strengthen its position in the market.
• Danaher Corporation acquired Nobel Biocare, a leading provider of dental implants and orthodontic products, in 2014. This acquisition allowed Danaher to expand its dental product portfolio and strengthen its position in the orthodontics market.

 These mergers and acquisitions have allowed companies to expand their product portfolios, increase their market share, and improve their position in the orthodontics market.

Orthodontics Market – Significant Opportunities

The Orthodontics market presents significant opportunities for growth in the coming years. The increasing prevalence of malocclusion and jaw disorders, along with rising awareness of the benefits of orthodontic treatments, is expected to drive market growth. Technological advancements, such as the development of clear aligners and 3D printing, are also expected to open up new opportunities in the market.

Moreover, the increasing disposable income and growing demand for aesthetic dental procedures are also anticipated to contribute to the growth of the orthodontics market. The rising demand for invisible orthodontics, such as clear aligners, is expected to fuel market growth. Additionally, the emergence of advanced technologies, such as self-ligating braces, mini-screw implants, and lingual orthodontics, is likely to create new opportunities in the market.

Furthermore, the increasing popularity of dental tourism in emerging economies, such as India, China, and Mexico, is expected to create new opportunities for market players. These countries offer cost-effective orthodontic treatments, which have led to an increase in the number of patients travelling to these regions for dental procedures. The rise of e-commerce platforms has also opened up new distribution channels for orthodontic products, offering significant growth potential for market players.

Overall, the Orthodontics market is expected to offer significant opportunities for growth in the coming years, driven by increasing awareness, technological advancements, and rising demand for aesthetic dental procedures.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Orthodontics Market – Significant Threats

• High cost of orthodontic treatments: The high cost of orthodontic treatments, including braces and aligners, can be a significant barrier for many patients seeking treatment.

• Alternative treatments: There are alternative treatments available for orthodontic conditions, such as clear aligners, that may compete with traditional braces.

• Technological advancements: With the advent of new technologies, there is always a risk that traditional orthodontic treatments may become obsolete, affecting the growth of the market.

• Limited insurance coverage: Orthodontic treatments are often not covered by insurance or have limited coverage, making it difficult for many patients to afford them.

• Lack of awareness: Lack of awareness about the importance of orthodontic treatment can be a significant threat to the growth of the market. Many patients may not seek treatment due to a lack of knowledge about the potential benefits.

Report Scope

Significant Facts about the Market:

The global orthodontics market is experiencing significant growth, driven by factors such as an increase in the number of elderly people, a rise in awareness about oral health, and a surge in demand for orthodontic products. The Eurostat reports that in 2020, more than 21.9% of the EU population was aged 65 years and over, which further supports this growth. Additionally, the increasing prevalence of malocclusion is expected to fuel the adoption of orthodontic products in the coming years.

Furthermore, the growing number of children is also contributing to the growth of the orthodontics market, as dental surgeries are commonly carried out in children. The State of America’s Children 2021 report reveals that in 2019, there were over 74 million children in the U.S. Moreover, the demand for orthodontic procedures is increasing worldwide, and there is significant untapped market potential in emerging countries such as China and India, which presents lucrative opportunities for market players. Additionally, the rise of dental tourism is driving market growth, as it provides diagnosis and treatment for dental diseases.

The growth of the orthodontics market is expected to be propelled by the increasing number of product approvals for the treatment of orthodontic conditions. For example, in June 2021, Ormco Corporation received clearance from the U.S. Food and Drug Administration (FDA) for the use of its ‘Spark Clear Aligner System’ for orthodontic treatment in younger patients.

The rising prevalence of oral disorders across the world is also a major factor driving the growth of the orthodontics market. Additionally, the growth of the market is attributed to the increase in sedentary lifestyles and tobacco consumption, which makes people more susceptible to dental diseases. According to the World Health Organization (WHO), oral diseases are estimated to affect nearly 3.8 billion people globally in 2020.

The growth of the global orthodontics market is expected to benefit from the introduction of new and advanced orthodontic products, as well as from the launch of innovative products. For example, in December 2021, Henry Schein Orthodontics launched Studio Pro 4.0, a new web-based treatment planning software that uses virtual setup tools to visualize, customize, and communicate treatment plans to achieve predictable outcomes for clear aligner treatment planning.

However, the high cost of orthodontic procedures and potential adverse effects associated with orthodontic treatment pose significant challenges to the growth of this market.

Category-Wise Insights

The market was dominated by the children segment in 2022 and is expected to maintain its dominance during the forecast period, due to the increasing prevalence of malocclusion in children. However, the adult segment is expected to witness significant growth during the forecast period, owing to the rising prevalence of dental disorders and the increasing demand for cosmetic dental treatments.

Regarding the type of product, the brackets segment held the largest market share in 2022, and this trend is expected to continue during the forecast period, owing to the benefits of brackets and their easy availability on e-commerce platforms. However, the anchorage appliances segment is anticipated to witness significant growth during the forecast period, due to the growing awareness towards dental aesthetics and oral hygiene.

Orthodontics Market – Regional Analysis

The global orthodontics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

North America dominated the global orthodontics market in 2020, and this trend is expected to continue during the forecast period, due to well-established healthcare infrastructure, high prevalence of dental disorders, and high adoption rate of technologically advanced orthodontic products in the region.

Europe is the second-largest market for orthodontics, due to an increase in healthcare expenditure and a rise in awareness toward oral hygiene. The market in Asia-Pacific is expected to witness significant growth during the forecast period, owing to an increase in the prevalence of dental disorders, a rise in awareness toward dental aesthetics, and a large population base in countries such as China and India.

Latin America and the Middle East & Africa are expected to witness moderate growth during the forecast period, due to an increase in government initiatives toward improving oral healthcare infrastructure and a rise in awareness of dental aesthetics.

Competitive Landscape

The global orthodontics market is highly competitive, with the presence of several players operating in the market. These companies are focusing on strategic initiatives such as mergers and acquisitions, collaborations, partnerships, and new product launches to expand their market share and strengthen their position in the market. For instance, in June 2021, Ormco Corporation received U.S. FDA clearance for the use of its Spark Clear Aligner System for orthodontic treatment in younger patients. In March 2021, Align Technology, Inc. announced the launch of its Invisalign Stickables, which are custom-designed stickers that can be added to Invisalign clear aligners.

The companies are also investing in research and development activities to introduce new and advanced products in the market. Additionally, they are focusing on expanding their geographical presence and distribution network to increase their customer base. The competitive landscape of the market is expected to remain intense with the increasing number of players entering the market and the adoption of strategic initiatives by key players.

Some of the Prominent Players in the Market are:

• 3M Company
• Align Technology Inc.
• American Orthodontics
• Envista Holdings Corporation
• Dentaurum GmbH & Co. KG
• Dentsply Sirona Inc.
• G&H Orthodontics Inc.
• Altaris Capital Partners LLC
• Henry Schein Inc.
• Rocky Mountain Orthodontics Inc.
• T.P. Orthodontics Inc.
• Others

The Orthodontics Market is segmented as follows:

By Age Group

• Adults
• Children

By Type

• Brackets
  • Fixed brackets
  • Removable brackets
• Anchorage Appliances
  • Bands and buccal tubes
  • Miniscrews
• Ligatures
  • Elastomeric ligatures
  • Wire ligatures
• Archwires

By End User

• Hospitals
• Dental Clinics
• Others

By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America