Global Orthodontic Supplies Market to Reach $8.2 Billion by 2026

Orthodontic supplies are used to move existing teeth into a better position, either for aesthetic or functional purposes. Orthodontic treatments usually comprise of devices such as traditional braces, self-ligating brackets, ceramic wires and brackets, lingual brackets, clear aligners, retainers, orthodontic expanders and orthodontic headgears. Known to be quite expensive as well as superiorly aesthetic, all these particular categories are used depending on the severity of the malocclusion. Majority of these supplies (materials) are for one-time use. Increasing awareness among people about advanced orthodontic treatments and the development of advanced orthodontic products promising better outcomes are driving demand for orthodontic supplies. Steady pace of technology advancements over the years has been and will continue to be a major growth influencing factor in the orthodontic supplies market. Driven by these advancements, there has been a considerable reduction in the treatment time and associated pain, while treatment outcomes and efficiencies have improved considerably.

Amid the COVID-19 crisis, the global market for Orthodontic Supplies estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$8.2 Billion by 2026, growing at a CAGR of 7.4% over the analysis period. Fixed Braces, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$3.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Removable Braces segment is readjusted to a revised 10% CAGR for the next 7-year period. This segment currently accounts for a 40.5% share of the global Orthodontic Supplies market.

The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $695.7 Million by 2026

The Orthodontic Supplies market in the U.S. is estimated at US$2.3 Billion in the year 2021. The country currently accounts for a 41.62% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$695.7 Million in the year 2026 trailing a CAGR of 8.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7% CAGR while Rest of European market (as defined in the study) will reach US$761.5 Million by the close of the analysis period.

The booming cosmetic dentistry market presents a significant growth driver for the market, as more and more people seek therapies and procedures aimed at enhancing physical appearance by improving alignment of gums, bite and teeth. Cosmetic dentistry continues to gain popularity led by the increasing affluence of people, whereby an increasing proportion of the population is now in a position to avail not just corrective treatment procedures but also cosmetic procedures, presenting considerable opportunities for the orthodontic supplies market. Besides alignment of teeth, focus of cosmetic orthodontic treatment is also on changing the color and shape of teeth. There is high demand for aesthetic orthodontic procedures among adults and teenagers, thus contributing to the rising demand for orthodontic devices and supplies.

Orthodontic Adhesives Segment to Reach $695.5 Million by 2026

In the global Orthodontic Adhesives segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$426.7 Million in the year 2020 will reach a projected size of US$644.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$48 Million by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.