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| Orthodontics Market |
Orthodontics have the aim of correcting misaligned teeth and jaws to improve oral function and facial appearance. With a growing number of people seeking aesthetic and functional dentistry, orthodontic treatment has become more popular than ever. Products like braces, retainers, and aligners help reshape the teeth and smile. The global Orthodontics Market is estimated to be valued at US$ 6.46 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing consumer awareness about oral health and the benefits of orthodontic
treatment has been a key driver boosting the growth of the Orthodontics Market.
There is growing demand for invisible or less visible orthodontic treatment
options like clear aligners. Consumers are increasingly looking for aesthetic,
comfortable and convenient options. This has propelled companies to invest in
new product innovations. Advanced invisible braces and aligners that can
effectively straighten teeth with less hassle have increased adoption rates
globally. Rising disposable incomes have further enabled more people to opt for
orthodontic treatment.
Segment
Analysis
The global orthodontics market is segmented by product, age group, end user and
region. Among product types, the clear aligners segment dominates the market.
Clear aligners are preferred over traditional metal braces as they are
invisible, removable and more comfortable for patients. Clear aligners enable
greater precision in tooth movement and are also considered more aesthetically
pleasing.
Key Takeaways
The global Orthodontics
Market Share is expected to witness high growth over the forecast
period of 2024 to 2031.
Regional
analysis shows that North America currently dominates the orthodontics market.
This is attributed to factors such as strong healthcare infrastructure, growing
orthodontic disease burden and high disposable incomes in the region. However,
Asia Pacific is expected to register the highest CAGR during the forecast
period owing to growing medical tourism, rising orthodontic awareness and
improving access to healthcare.
Key players operating in the orthodontics market are J.P. Morgan Treasury
Services, Bank of America Merrill Lynch, Citibank, Wells Fargo, HSBC Global
Banking and Markets, BNP Paribas, Deutsche Bank, PNC Bank, Barclays, U.S. Bank.
Companies are focusing on new product launches, geographic expansion and
mergers & acquisitions to gain market share. For instance, in 2021 Citibank
acquired a Mexican retail banking business to expand its Latin American
footprint.
For more insights, read- https://www.insightprobing.com/orthodontics-market-orthodontics-market/
For
more details on the report, Read- https://masstamilan.tv/recombinant-protein-the-future-of-biomanufacturing/
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