With the increasing prevalence of jaw diseases, malocclusions, jaw pain and tooth decay/tooth loss, the demand for orthodontic treatments is increasing day by day. Moreover, with growing technological advancements across the globe, the orthodontic supplies will generate significant demand over the upcoming years. These supplies deals with the prevention, diagnosis, and correction of the improper position of jaws and teeth. Orthodontic treatments include control, dental displacement, and modification of facial growth with the help of aesthetic ceramic material and stainless steel brackets (braces).According to AMA, the market for Orthodontic Supplies is expected to register a CAGR of 8.7% during the forecast period to 2024. This growth is primarily driven by Increasing Number of Patients with Jaw Diseases, Malocclusions, Jaw Pain and Tooth Decay/Tooth Loss and Growing Awareness about the Orthodontic Treatments.
Globally, a noticeable market trend is evident Rising Technological Advancements and Favorable Healthcare Infrastructure across the Globe
. The Drug Retail sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Align Technology, Inc. (United States), 3M Company (United States), Danaher Corporation (United States), Henry Schien, Inc. (United States), DENTSPLY SIRONA, Inc. (United States), American Orthodontics (United States), Rocky Mountain Orthodontics (United States), G&H Orthodontics (United States), DENTAURUM GmbH & Co. (Germany) and TP Orthodontics, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:The CFO has issued Decree No. 27/03, appointing the Brazilian Association of Orthodontics and Dentofacial Orthopedics (ABOR) as CFO's consultant on matters pertaining to the specialty of Orthodontics. Driven by the need to establish standards of excellence in the clinical practice of Orthodontics and Facial Orthopedics, in October 1998, ABOR created the Committee for Implementation of the Orthodontics Specialist Examination. The committee presented a project for the implementation of the Brazilian Board of Orthodontics and Dentofacial Orthopedics (BBO) during the 2nd ABOR Conference, held in October 1999 in Florianopolis. The project was discussed and evaluated at a general assembly of ABOR's Board of Directors and was approved with the support of all of its members.
- Increasing Number of Patients with Jaw Diseases, Malocclusions, Jaw Pain and Tooth Decay/Tooth Loss
- Growing Awareness about the Orthodontic Treatments
- Rising Technological Advancements and Favorable Healthcare Infrastructure across the Globe
- Integration with Highly Automated Systems such as CAD/CAM Software
- Risks and Complexities Associated with Orthopedic Treatments
- Comparatively Higher Costs related to Other Orthodontic Treatments
OpportunitiesGrowing Demand for Orthodontic Supplies in Asia Pacific Region and Robust R&D Investments in Orthodontic Treatments
ChallengesLack of Insurance Coverage for Number of Orthodontic Treatments and Lack of Healthcare Infrastructure in Underdeveloped Regions
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