The Latest Orthodontic Supplies Industry Statistics Explained
The global orthodontic supplies market size was valued at USD 3.4 billion in 2019.
The statistic states that the global orthodontic supplies market was worth $3.4 billion in 2019, representing the total value of products and services related to orthodontic treatment worldwide. This figure indicates the economic size and significance of the orthodontic industry, reflecting the demand for braces, clear aligners, retainers, and other orthodontic supplies by consumers seeking to correct teeth alignment and improve their smiles. The market size not only highlights the scale of the industry but also suggests the potential growth and opportunities present in the orthodontic sector for businesses, investors, and healthcare professionals alike.
The orthodontic supplies market is predicted to grow at a Compound Annual Growth Rate (CAGR) of 8.3% from 2020 to 2027.
This statistic indicates that the orthodontic supplies market is projected to experience a consistent and steady growth rate over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 8.3%. This percentage represents the annualized growth rate of the market during this time frame. A CAGR of 8.3% suggests a significant expansion in the orthodontic supplies market, likely driven by factors such as increasing demand for orthodontic treatments, technological advancements in orthodontic products, and rising awareness about oral health. This projection can be used by industry stakeholders and investors to make informed decisions about strategic planning, resource allocation, and investment opportunities within the orthodontic supplies market.
Approximately 80% of orthodontic patients in the U.S. are children and adolescents.
The statistic stating that approximately 80% of orthodontic patients in the U.S. are children and adolescents implies that a significant majority of individuals seeking orthodontic treatment fall within the younger age groups. This suggests that orthodontic issues, such as misaligned teeth or bite problems, are more commonly addressed during childhood and adolescence rather than in adulthood. Factors such as the development of the teeth and jaw during these younger years, as well as the desire for aesthetic improvements at a younger age, likely contribute to this trend. Furthermore, the statistic underscores the importance of early intervention and treatment for orthodontic problems to achieve optimal outcomes.
In 2020, bracket systems accounted for the largest share of the orthodontic supplies market.
The statistic “In 2020, bracket systems accounted for the largest share of the orthodontic supplies market” indicates that among all the different types of orthodontic supplies available for sale in 2020, bracket systems, which are essential components used in orthodontic treatments like braces, held the highest market share in terms of sales revenue or units sold. This suggests that orthodontic professionals and patients preferred bracket systems over other types of supplies such as wires, elastics, or other accessories for orthodontic treatment purposes. The popularity and dominance of bracket systems in the market can be attributed to factors such as their effectiveness, versatility, and widespread use in various orthodontic procedures, ultimately contributing significantly to the overall orthodontic supplies industry’s revenue and market size in 2020.
The North American market for orthodontics accounted for the maximum share of approximately 40.0% in 2019 due to an increase in the number of patients with malocclusion.
The statistic highlights that the North American orthodontics market held the largest share, accounting for approximately 40.0% in 2019. This dominance can be attributed to the rising prevalence of malocclusion among patients in the region. Malocclusion refers to misalignment of teeth or incorrect relation between the teeth of the two dental arches. The increase in the number of patients seeking orthodontic treatment indicates a growing awareness of the importance of addressing malocclusion for both functional and aesthetic reasons. This trend has led to a higher demand for orthodontic treatments in North America, contributing to the significant market share held by the region in 2019.
Asia Pacific is expected to witness the fastest growth in the orthodontic supplies market due to increasing awareness and disposable income among people.
This statistic suggests that the Asia Pacific region is forecasted to experience a notable surge in the orthodontic supplies market, outpacing other regions. This growth is attributed to a combination of factors, including rising awareness about the importance of orthodontic treatment for dental health and aesthetics, as well as an increase in disposable income among the population. As more individuals become aware of the benefits of orthodontic treatment and are financially able to afford such services, the demand for orthodontic supplies is expected to rise significantly in the Asia Pacific region. This presents a promising business opportunity for companies operating in the orthodontic industry looking to expand their market presence in this rapidly growing region.
The orthodontic supplies market is highly competitive with a large number of players, including Align Technology and 3M.
The statistic highlights that the orthodontic supplies market is characterized by intense competition due to the presence of numerous major players, such as Align Technology and 3M. This implies that companies in this industry face significant challenges in terms of market share and profitability. The competitive landscape suggests that innovation, marketing strategies, and product differentiation are crucial for companies to maintain a competitive edge and attract customers. Additionally, this high level of competition can benefit consumers by potentially leading to lower prices, improved product quality, and enhanced customer service as companies strive to differentiate themselves in the market.
Fixed orthodontic equipment was the most commonly used type globally in the year 2020.
The statistic ‘Fixed orthodontic equipment was the most commonly used type globally in the year 2020’ indicates that among all types of orthodontic equipment available worldwide, fixed appliances were the preferred choice. Fixed orthodontic equipment typically includes braces, brackets, and wires that are attached to the teeth and cannot be removed by the patient. This statistic suggests that orthodontic practitioners and patients around the world generally favored the use of fixed appliances over other options like removable aligners or clear braces during the year 2020. This preference for fixed orthodontic equipment could be due to factors such as effectiveness in treating various orthodontic issues, familiarity among orthodontic professionals, and possibly cost considerations.
Invisible orthodontic appliance sales are expected to reach $6.69 billion globally by 2026.
The statistic that invisible orthodontic appliance sales are projected to reach $6.69 billion globally by 2026 indicates a significant and increasing demand for orthodontic treatments that are more discreet and aesthetically pleasing. This growth in sales suggests a shift in consumer preferences towards less noticeable orthodontic solutions such as clear aligners, compared to traditional metal braces. Factors driving this market expansion may include advancements in technology, increased awareness of orthodontic options, and the desire for more comfortable and convenient treatment options. The substantial revenue forecast highlights the growing importance of invisible orthodontic appliances in the dental industry and the potential for further innovation and market penetration in the coming years.
About 75% of orthodontists in the U.S. have reported an increase in adult patients, impacting the market for orthodontic supplies.
The statistic indicates that a significant majority, around 75%, of orthodontists in the United States have observed a rise in the number of adult patients seeking orthodontic treatment. This trend suggests a notable shift in the demographics of orthodontic care, with more adults opting for orthodontic treatments, which traditionally have been more prevalent among younger individuals. The increase in adult patients is likely to have a substantial impact on the market for orthodontic supplies, as orthodontists may need to adjust their product offerings and services to cater to the unique needs and preferences of adult patients. This statistic highlights the evolving landscape of orthodontic care and the need for suppliers and orthodontists to adapt to meet the changing demands of the market.
More than 4 million people in the U.S. are wearing braces or other orthodontic appliances.
The statistic that more than 4 million people in the U.S. are wearing braces or other orthodontic appliances indicates the prevalence of orthodontic treatment in the country. This statistic suggests that a significant portion of the population is seeking orthodontic care to correct dental alignment issues and improve oral health. Orthodontic treatment, such as braces, aligners, and other appliances, are commonly used to straighten teeth, correct bite issues, and enhance overall dental aesthetics. The popularity of orthodontic treatment highlights the importance of dental health and the desire for individuals to achieve a straighter and more aesthetically pleasing smile through orthodontic interventions.
In 2021, North America held the largest market share in the orthodontic supplies market, with a share of approximately 54%.
The statistic that North America held the largest market share in the orthodontic supplies market in 2021, with a share of approximately 54%, indicates the significant dominance of this region in the industry. This high market share suggests that North America is likely a key market for orthodontic supplies, with a strong presence of suppliers, manufacturers, and consumers. The large market share could be attributed to factors such as a high demand for orthodontic treatments in the region, advanced technologies and techniques available, as well as strong marketing and distribution networks. As a result, companies operating in the orthodontic supplies market may need to pay close attention to the North American market and tailor their strategies accordingly to capitalize on this prominent market share.
Europe is expected to hold a significant share in the orthodontic supplies market due to an increasing number of orthodontic procedures.
This statement highlights the relationship between the expected market share of orthodontic supplies in Europe and the rising number of orthodontic procedures being performed in the region. The increasing demand for orthodontic procedures is driving the growth of the orthodontic supplies market in Europe, as dental professionals require these supplies to cater to the growing patient population seeking orthodontic treatments. As a result, Europe is anticipated to hold a significant share in the orthodontic supplies market due to the expanding market opportunity created by the increasing number of orthodontic procedures. This trend underscores the importance of understanding market dynamics and demand drivers in the healthcare industry to identify opportunities for growth and strategic decision-making.
Clear aligners are expected to fuel the expansion of the orthodontic supplies market during the forecast period owing to their advantages, such as easy removability and invisibility.
The statistic suggests that the orthodontic supplies market is projected to experience growth in the forecast period, driven by the increasing popularity of clear aligners. Clear aligners are anticipated to be a significant contributor to this expansion due to their various advantages, such as being easily removable and nearly invisible when compared to traditional braces. These benefits appeal to consumers seeking orthodontic treatment who value convenience and aesthetics. As a result, the market for orthodontic supplies is expected to thrive as more individuals opt for clear aligners over traditional options, reflecting a shift in consumer preferences within the orthodontic industry.
The growing incidence of dental malocclusions in children is a primary factor driving the growth of the orthodontic supplies market.
The statistic that the growing incidence of dental malocclusions in children is a primary factor driving the growth of the orthodontic supplies market indicates a significant increase in the number of children with misaligned teeth or jaws, which necessitates the use of orthodontic treatment. As dental malocclusions become more common among children, the demand for orthodontic supplies such as braces, aligners, and other orthodontic appliances also rises. This trend suggests a growing need for orthodontic interventions to correct these issues in children, which in turn contributes to the expansion of the orthodontic supplies market to meet the increasing demand for such products and services.
As of 2018, direct sales is the most lucrative distribution channel segment in the orthodontic supplies market.
The statistic indicates that in 2018, direct sales emerged as the most profitable distribution channel segment within the orthodontic supplies market, surpassing other channels such as retail or online sales. This suggests that companies in the orthodontic supplies industry found greater success in selling their products through direct sales approaches, which typically involve face-to-face interactions with customers or sales representatives engaging directly with orthodontic professionals. The strong performance of direct sales in the market may indicate that it offers unique advantages in terms of building relationships, providing personalized service, and meeting the specific needs of orthodontic practitioners, ultimately leading to higher revenues and market share for businesses operating within this segment.
The Latin American orthodontic supplies market is projected to exhibit a CAGR of 9.1% by 2027.
This statistic indicates that the Latin American orthodontic supplies market is expected to experience a Compound Annual Growth Rate (CAGR) of 9.1% up to the year 2027. A CAGR is a measure of the annual growth rate of an investment over a specified period of time, assuming that the growth is steady. In this context, the projection suggests that the orthodontic supplies market in Latin America is anticipated to grow at a consistent rate of 9.1% per year until 2027. This indicates potential opportunities for growth and expansion in the market, attracting both existing and new players to capitalize on the increasing demand for orthodontic supplies in the region.
Among the end-users of orthodontic supplies, orthodontic clinics commanded the market with a share of 68.5% in 2020.
The statistic indicates that in the orthodontic supplies market in 2020, orthodontic clinics were the predominant end-users, holding a market share of 68.5%. This means that nearly seven out of every ten purchases of orthodontic supplies were made by orthodontic clinics. The high market share of orthodontic clinics suggests that they are the primary consumers and influencers in the orthodontic industry, likely due to their extensive use of various orthodontic products and equipment in providing services to patients. This statistic highlights the importance of catering to the needs and preferences of orthodontic clinics in the supply chain of orthodontic products.
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