Orthodontics Market Expected to Reach $7.637 Billion by 2030 | CAGR of 10.7%

According to a new report published by Allied Market Research, titled, “Orthodontics Market by Age Group and Type: Global Opportunity Analysis and Industry Forecast, 2021–2030", the global orthodontics market size was valued at $2,767.4 million in 2020, and is projected to reach $7,637.8 million by 2030, registering a CAGR of 10.7% from 2021 to 2030.

Orthodontics is the dentistry branch that deals with the diagnosis, prevention, interception, guidance, and correction of bad bites or dental irregularities, including the use of braces. The orthodontics procedures are done with brackets, anchorage appliances, archwires and ligatures. Orthodontics procedures are used for cosmetic correction, to improve appearance and provide a healthy functional bite.

The dental abnormalities such as crooked teeth, bite problems, like an overbite or an underbite, crowded teeth, and jaw misalignment are treated with orthodontics procedures. The orthodontics use fixed and removable dental devices, like braces, retainers, and bands, to change the position of teeth in the mouth for dental procedures.

Factors that drive the growth of the orthodontics market include rise in number of dentists, and increase in prevalence of malocclusion. In addition, increase in number of children drives the growth of market. The dental procedures such as dental sealants are commonly carried out in children. According to the organization of Children’s Defense Fund, in 2019, around 73 million children are reported in the U.S. Moreover, according to World Health Organization (WHO), in 2020, it was reported that approximately 530 million children are diagnosed with dental caries, globally. Furthermore, increase in R&D activity in orthodontics contribute in the growth of the orthodontics market.

The orthodontics market is segmented on the basis of age group, type and region. Based on age group, the market is categorized into adults and children. The children segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in prevalence of malocclusion in children.

By type, the market is divided into brackets, anchorage appliances, ligatures and archwires. The brackets segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to the advancement in brackets and increase in number of key players to manufacture advanced orthodontic product.

The COVID-19 outbreak is anticipated to have a negative impact on the growth of the orthodontics market. Most of the dental clinics are not operating due to COVID-19 and the ongoing lockdowns in many countries. The spread of COVID-19 led to a major public health issue. Most of the dental surgeries are either canceled or postponed to avoid spread of COVID-19 virus. However, dental clinics are reconstructed to operate with more precautions, which is expected to contribute toward the market growth post the pandemic.

Key Findings Of Study

• On the basis of age group, the children segment was the highest contributor to the market in 2020.
• Based on of type, the brackets segment was the highest contributor to the orthodontics market in 2020
• On the basis of region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

North America accounted for a majority of the global orthodontics market share in 2020, and is anticipated to remain dominant during the forecast period, due to increase in number of orthodontists and presence of well-developed healthcare infrastructures. Asia-Pacific is anticipated to witness lucrative growth, owing to the prevalence of malocclusion, rise in disposable income and increase in dental tourism in region.