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Dental Orthodontic Supplies: A Global Strategic Business Report

Global dental orthodontic supplies market: $1.1 billion industry by 2018


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2014-03-14 13:07:04 - Dental Orthodontic Supplies: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The global Dental Orthodontic Supplies market is projected to reach US$1.1 billion by 2018, driven by increasing volumes of orthodontic procedures due to rising awareness about dental care.

Orthodontic supplies, although a small category in the overall dental supplies market, hold enormous promise as growing number of patients come forward to seek orthodontic treatment for malocclusions. The urgent need to address dental issues created by malocclusions, jaw disease, tooth decay or loss, and jaw joint pains, is driving patients to undergo orthodontic treatments. The growing focus on appearance enhancement and aesthetics is also a major stimulant for orthodontic treatments. Advancements in the field of material science, procedures and techniques which pave the way for cost-effective and faster treatment methods are expected

 

 

to foster adoption of orthodontic procedures and products. Increasing penetration of procedures among the adult patient population as against the conventional base of teenagers is also expected to spur growth for orthodontic procedures.

Economic conditions and the level of comfort and duration of procedures typically determine the number of orthodontic procedures carried out each year. Being elective in nature, these procedures are significantly affected by the discretionary spending levels of consumers. Lack of adequate reimbursement coverage also impacts patient demand for orthodontic treatment.

The United States represents the largest market worldwide. Demand for dental orthodontic supplies is higher in developed regions of North America and Europe than in developing regions largely due to the greater awareness about dental care. However, future growth in the market will be led by developing countries driven by factors like favorable demographics, increased access to quality healthcare services, and rising affluence which spurs spending on healthcare in general including orthodontic treatments. The market in Asia-Pacific is forecast to grow at a CAGR of 5.3% over the analysis period. Global Industry Analysts ©

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