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News Asia Pacific

According to a recent market review, the fixed braces segment is expected to have gained the largest share in the global orthodontic supplies market in 2016. (Photograph: Toey Toey/Shutterstock)
0 Comments Jan 18, 2017 | News Asia Pacific

Orthodontic supplies market: Report predicts highest growth rate in Asia Pacific

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PUNE, India: While North America and Europe are expected to have accounted for the largest share of the regional segments in the global orthodontic supplies market in 2016, the Asia-Pacific market is projected to register the highest growth rate over the next five years, a new report by market specialist MarketsandMarkets has found.

According to the research firm, the forces driving this development are growing efforts to increase awareness of advanced orthodontic treatments in the region and a very large patient population with malocclusion and jaw disorders. In addition, growth is being stimulated through increasing disposable income, coupled with a growing middle class and the stronger focus of global orthodontic and dental companies on emerging Asia-Pacific countries.

Overall, the global orthodontic supplies market is expected to grow further at a compound annual growth rate of 8 per cent over the forecast period of 2016–2021 and is expected to reach US$4.71 billion by 2021.

Among the three major product categories, fixed braces, removable braces and orthodontic adhesives, the fixed braces segment is expected to have gained the largest share in the global orthodontic supplies market in 2016. According to the analysts, this is primarily attributed to the greater affordability (compared with removable braces) and increasing adoption of fixed braces among adolescents.

According to the market review, the major competitors in the orthodontic supplies segment are 3M, Align Technology, Danaher Corporation, Henry Schein, Dentsply Sirona, American Orthodontics, Rocky Mountain Orthodontics, G&H Orthodontics, Dentaurum and TP Orthodontics.

The full report, titled Orthodontic Supplies Market by Removable & Fixed Braces (Brackets (Self Ligating, Lingual, Metal, Ceramic, Aesthetic), Archwire (Nickel Titanium, Stainless Steel), Ligature (Elastomeric, Wire), Anchorage Appliances, Adhesives), Patient—Forecast to 2021, can be purchased at the MarketsandMarkets website.

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