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Orthodontic Supplies Market Size
- Report ID: GMI2005
- Published Date: Mar 2023
- Report Format: PDF
Orthodontic Supplies Market Size
Orthodontic Supplies Market size exceeded USD 9.5 billion in revenue in 2022. The industry is anticipated to grow at over 22.5% CAGR from 2023 to 2032, driven by the growing popularity of clear aligners and rising awareness regarding oral health.
The industry demand is primarily fueled by the soaring number of people suffering from untreated orthodontic problems, especially in the emerging economies of the Asia Pacific & Latin America regions. According to a recent survey, the number of people with malocclusion in China is 50% and 20-43% in India. However, the majority of patients remain untreated due to several socio-economic factors.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Orthodontic Supplies Market Size in 2022: | USD 9.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 22.5% |
| 2032 Value Projection: | USD 76.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 160 |
| Tables, Charts & Figures: | 268 |
| Segments covered: | Product, Patient, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High costs associated with orthodontic treatment may restrain industry progression
Despite a positive outlook for product adoption, the orthodontic supplies market faces a major hurdle due to expensiveness of braces and orthodontic treatments. Patients under the poverty line are at extreme risk of oral health problems due to their monetary conditions, which makes basic dental care inaccessible. Receiving orthodontic treatments is becoming increasingly rare on account of inadequate insurance and reimbursement policies.
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Orthodontic Supplies Market Scope
