The global orthodontic supplies market will grow from 2016’s total of $3.4 billion to $5.9 billion by 2023, according to ResearchandMarkets. Advances in technology such as clear aligners and lingual braces, which aesthetically provide treatment, are driving this growth.
Fixed braces hold the largest share of the market, primarily due to their efficacy and precision in treating irregularities in dental structure. Yet removable braces will see the fastest growth, ResearchandMarkets reports, due to their growing use among adult patients.
Children and teenagers represent the largest number of orthodontic patients, though, since treatments are more effective and successful at these ages. Such early care also prevents more serious problems later, prompting more families to elect treatment before adulthood.
North America is the largest market for orthodontic supplies, and the United States is the largest contributor in this region due to the high prevalence of dental disorders and the increasing desire for aesthetic treatment.
Europe is the second largest market, with Germany the largest contributor there. The Asia-Pacific region will see the fastest growth, though, due to increasing disposable income, an aging population, growing awareness of possible treatment, and greater attention from global orthodontic and dental companies.