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CHICAGO, USA: According to a recently published report by market research firm MarketsandMarkets, the global orthodontic supplies market is expected to reach about $3.9 billion by 2020, representing a compound annual growth rate of 6.9 per cent over the next five years.
Overall, the growth in the orthodontic supplies market is primarily stimulated by the growing number of patients with malocclusion, jaw diseases and tooth loss; technological advances; the increasing popularity of orthodontic treatment among adolescents and adults; and rising disposable incomes in developing countries, such as India, China and Brazil.
As reported by MarketsandMarkets, North America is estimated to hold the largest share of the orthodontic supplies market as of 2015, followed by Europe. The Asia-Pacific region is expected to be the fastest growing market during the forecast period owing to constant health care expenditure and increasing awareness about orthodontic procedures, among other factors.
The report also identifies a number of dental companies as key competitors in the market, including Align Technology, DENTSPLY International and Ormco Corporation.
The full report, titled "Orthodontic Supplies Market―Removable & Fixed Braces (Brackets (Self Ligating, Lingual), Archwire (Nickel & Beta Titanium, Stainless Steel), Anchorage Appliances (Buccal Tube, Band, Miniscrew), & Ligature (Elastomeric, Wire))―Global Forecast to 2020," can be purchased on MarketsandMarkets' website.
From http://www.dental-tribune.com
