Orthodontic supplies market to exceed $10B
Katherine E. Pfaff
The market globally for orthodontic supplies is expected to reach a revised value of $10.8 billion in the next 4 years, according to a report by market research company, Global Industry Analysts Inc. In 2022, the market was projected to be worth $7.5 billion.
Growth in the market was predicted based on an increase in the number of orthodontic treatments as well as the changes brought about by new advances in technology. One element driving demand in both adults and adolescents is the appeal and popularity of clear aligners.
Cosmetic dental procedures and treatments are a significant driver in the market and are increasingly common due to high income levels seen in many markets. Advanced treatments now accessible include dental procedures with archwires and braces as well as specialized options like clear braces, colored, clear, and lingual brackets.
By segment, fixed braces is forecast to grow at a CAGR of 5.7% and removable braces forecast at a revised CAGR of 15.5%.
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