Orthodontics market expected to grow by $24 million
Author: Katherine Pfaff
The global orthodontics services market is expected to gain an additional $24.05 million by 2024, growing at a rate of 11% CAGR, according to the market research firm, Technavio Research. North America, a significant portion of the orthodontics market, will lead the uptick with 43% of the anticipated growth. The region can capitalize on its growth potential through marketing on social media, increased insurance coverage, opening the services to more patients, and improved technology.
Overall, the market faces hurdles due to the cost of orthodontics in the presence of no or low insurance reimbursement. However, an increase in outsourcing of products has bolstered the market. Technavio’s report highlights the market landscape, size, segmentation, challenges, and drivers.
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Source: https://www.technavio.com/report/orthodontic-services-market-industry-analysis
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