Invisible braces have made orthodontic treatment an attractive option for many consumers. Improvements in their technology and growing awareness of their aesthetic applications have led to their success in the global market, which will continue to rise at a 12.16% compound annual growth rate (CAGR) through 2021, reports Azoth Analytics.
The market already has a strong foothold in North America and Europe. Growing dental tourism in Mexico and Thailand, though, will continue to contribute to its success. India and Brazil along with emerging nations in Latin America and the Asia-Pacific region also will fuel this new growth.
Specifically, in China, Invisalign holds 35% of the market, while indigenous brand Angel Align leads with 38%, according to Research and Markets. Medical reforms, growing per capita disposable income, and greater public health awareness are driving dentistry’s growth in the nation.
Overall, China’s dental apparatus and services market will grow from about $6.1 billion in 2015 to an expected $22.8 billion in 2020. The global dental market— which includes preventive, restorative, implants, prosthetics, orthodontics, endodontics, and dental equipment—will surpass $50 billion by 2020, Research and Markets reports.
Brace Yourself for DIY Orthodontia
Orthodontic Supply Market to Approach $4 Billion by 2020