Orthodontic Equipment and Consumables Market Expected to Reach USD 11.0 Billion Globally in 2020
Transparency Market Research Report Added "Orthodontic Equipment and Consumables Market" to its database.
Albany, NY -- (SBWire) -- 02/24/2015 --According to a new market report published by Transparency Market Research "Orthodontic Equipment and Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", the global orthodontic equipment and consumables market was valued at USD 6.1 billion in 2013 and is expected to grow at a CAGR of 8.8% from 2014 to 2020, to reach an estimated value of USD 11.0 billion in 2020.
Orthodontics is a specialized field of dentistry that deals with the study of irregularity in the alignment of teeth. Orthodontics field has experienced tremendous growth in the last decade. Perpetual development in orthodontics coupled with rising awareness about benefits of orthodontic treatment is resulting in rising demand for orthodontic equipment and consumables. In addition, increasing adoption of orthodontic treatment among adult population owing to availability of user friendly and effective orthodontic tools is fueling the growth of global orthodontic equipment and consumables market.
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The global orthodontic equipment and consumables market is segmented into orthodontic equipment and orthodontic consumables. Orthodontic equipment market is further categorized as CAD/CAM systems, dental chairs, handpieces, light cure, scaling unit, dental lasers, and dental radiology equipment. Dental radiology equipment market accounted for the largest market in 2013. While CAD/CAM systems segment of the global orthodontic equipment market is estimated to grow at the highest CAGR during forecast period 2014 to 2020. CAD/CAM systems have benefits such as automation of product designing and manufacturing, which enables ease of application to clinicians and enhances aesthetics. Accuracy provided by the CAD/CAM systems is one of the key factors supporting the growth of this market segment. Thus, considering all these advantages, adoption of CAD/CAM systems in orthodontics is expected to rise swiftly during the forecast period from 2014 to 2020.
Orthodontic consumables market is categorized as anchorage appliances (Buccal tube, bands and miniscrews), ligature (elastomeric ligature and wire ligature), bracket (aesthetic brackets, metal brackets and self ligating brackets), and archwires (nickel titanium archwire, stainless steel archwire and beta titanium archwire) market. Brackets segment market accounted for the largest market share in 2013. Factors such as increasing demand for orthodontic brackets due to perpetual launch of new brackets by key companies is the major factor driving the growth of the orthodontic brackets market. In addition, advancement in technology such as smart bracket technology is fueling the growth of the orthodontic brackets market globally. Therefore, it is estimated that the global brackets market is estimated to grow at the highest CAGR during the forecast period 2014 to 2020.
Further, the global orthodontic equipment and consumables market is segmented into regional markets namely, North America, Europe, Asia Pacific and Rest of the World (RoW). Presently, North America is leading the global orthodontic equipment and consumables market with market share of 43.0% in 2013. Availability of exceptionally developed healthcare infrastructure, well organized regulatory framework, wide distribution network and high rate of awareness about orthodontic treatment are some of the factors that are driving the orthodontic equipment and consumables market in North America. Asia Pacific orthodontic equipment and consumables market is expected to show significant growth during the forecast period from 2014 to 2020. Factors such as rapidly developing healthcare infrastructure, rising government support and disposable income are anticipated to drive the orthodontic equipment and consumables market in Asia Pacific. Some of the key market players contributing to the global orthodontic equipment and consumables market include 3 Shape A/S, Danaher Corporation, A- Dec, Inc. Dentsply International Inc. Henry Schein, Inc., GC Corporation, Midmark Corporation, Septodont, Patterson Companies, Ultradent Products, Inc., Sirona Dental Systems Inc and Zimmer Dental Inc.
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The global orthodontic equipment and consumables market is segmented as follows:
Orthodontic Equipment and Consumables Market, by Platforms, Tools and Services
- CAD/CAM Systems
- Dental Chairs
- Light Cure
- Scaling Unit
- Dental Lasers
- Dental Radiology
- Anchorage Appliances
- Buccal Tube
- Elastomeric Ligature
- Wire Ligature
- Aesthetic Bracket
- Metal Bracket
- Self-Ligating Bracket
- Nickel Titanium Archwire
- Stainless Steel Archwire
- Beta Titanium Archwire
Orthodontic Equipment and Consumables Market, by Geography
- North America
- Rest of the World
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