16 July 2021

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R&M: Orthodontic supplies market to exceed $8B globally in 5 years

Katherine E. Pfaff

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The worldwide orthodontic supplies market is forecast to grow at a CAGR of 7.4% to reach a value of $8.2 billion by 2026, according to a report from Research and Markets, a market analyst company. The projected value reflects a revision following the impact from COVID-19. As a result, the global orthodontic supplies market was valued at $5.4 billion in 2020. 

Growth will be driven by increased interest in cosmetic and aesthetic dentistry and improved procedures with less pain. In addition, as options and awareness of orthodontic treatments have grown as well as advancements in technology, the market has seen increased activity in orthodontic supplies. Within the global market, the US value was estimated at $2.3 billion in 2021, amounting to 41.62% of the market as a whole.

A major segment in orthodontic supplies, orthodontic adhesives, is expected to be driven by US, Canada, China, Japan, and European market growth at a CAGR of 6.1% for a global total of $695.5 million 2026. Fixed braces, another market segment, is predicted to grow to $3.5 billion at a CAGR of 5.4% growth. The removable braces segment, estimated at 40.5% share of the global market, was revised to a growth rate of 10% CAGR across the next 7 years based on impact from COVID-19. 

Source: https://www.globenewswire.com/news-release/2021/07/01/2256400/28124/en/Global-8-2-Billion-Orthodontic-Supplies-Market-to-2027-Focus-on-Corrective-Dental-Procedures-and-Popularity-of-Cosmetic-Dentistry-Drive-Growth.html