The orthodontic supplies market size is expected to advance at a CAGR of 8.90% during 2021–2030, to reach $11,214 million by 2030.
The global market is growing due to the increasing prevalence of oral diseases, surging disposable income, and rising awareness among consumers about orthodontic treatments. Additionally, the technological advancements in such consumables have been driving the growth of the global market. Moreover, the surging demand for orthodontic supplies in emerging economies and the rising popularity of aesthetic orthodontic procedures among adults offer ample growth opportunities.
Furthermore, the key players are entering into acquisitions and partnerships to gain a larger customer base and product portfolio. For instance, in June 2021, Dentsply Sirona acquired certain assets of Propel Orthodontics, to strengthen its position as a supplier of consumable for orthodontics.
Moreover, the growing incidence of malocclusion is a result of an increase in the number of people experiencing oral injuries due to falls and accidents. Malocclusion has a detrimental effect on the daily life, affecting self-confidence and dentofacial attractiveness. Additionally, it makes patients self-conscious of their facial and oral health in social situations. As a result, the majority of the people are seeking orthodontic treatment, which is driving the demand for associated materials. Malocclusion is thought to be a risk due to the poor dental health in the adult population. Therefore, the steady growth in this population is contributing to an increase in the malocclusion incidence.
Technologically advanced orthodontic products have transformed treatment procedures. One of the recently launched advanced orthodontic products is Invisalign, a range of invisible, clear aligners manufactured by Align Technology Inc. The product helps in moving the teeth without the use of braces, mini-screws, and mini-implants.
Additionally, the use of biomaterials in these products has led to a change in the market dynamics. Advanced biomaterials are resilient, easy to fabricate, highly biocompatible, inert, and strong. Moreover, the other recent innovation has been the development of lingual braces, which are hidden braces bonded behind the teeth, rather than in the front. Such advanced orthodontic products offer various advantages over conventional products, which has led to their increasing adoption by orthodontists for treating dental problems in children and adults.
The dental clinics category accounted for the largest share in 2021, owing to the increase in the investments in dental clinics by many private equity firms, to establish large chains. Moreover, the growing dental tourism industry, along with the rapid rise in the volume of cosmetic procedures, is likely to augment the category’s growth during the forecast period.
The most-significant orthodontic supplies market players are 3M Company, Envista Holdings Corporation, Henry Schein Inc., Dentsply Sirona Inc., Align Technology Inc., American Orthodontics, Rocky Mountain Orthodontics, G&H Orthodontics, DENTAURUM GmbH & Co. KG, and TP Orthodontics Inc.