Need to Correct Malocclusions to Foster Growth in the Global Market for Orthodontic Supplies, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 12, 2014 -- Follow us on LinkedIn – Orthodontic supplies, although a small category in the overall dental supplies market, holds enormous promise as more and more individuals come forward to seek orthodontic treatment for malocclusions (imperfect bite). The urgent need to address dental issues caused by malocclusions, namely jaw disease, tooth decay or loss, headaches, and jaw joint pains, is pushing patients to seek orthodontic treatments. The increasing focus on aesthetics is also a major stimulant for orthodontic treatments. Despite the potential for growth, volume growth in orthodontic treatment procedures continues to be limited by socioeconomic background of patients, and lack of adequate reimbursement coverage
Growing awareness over oral and dental health hygiene is expected to translate into significant opportunities for orthodontic supplies in the coming years. Advances in material science, techniques and procedures, which pave the way for cost-effective and faster treatment methods, are expected to drive demand for orthodontic procedures and supplies. Rising penetration of procedures among adult patients as against the conventional customer base of teenagers is also expected to spur demand for orthodontic procedures and supplies.
Wires and brackets account for a predominant share of new orthodontic case starts every year. With traditional braces continuing to hold ground as the most widely used approach for treatment of malocclusion, manufacturers are turning attention towards improving aesthetics of braces. The last few years witnessed a shift away from low cost metal brackets towards high-end brackets, as patients look for reduced treatment times and improved aesthetics. Self ligating brackets in particular reduce case load of dentists due to reduced procedure time, and longer treatment intervals.
As stated by the new market research report on Orthodontic Supplies, the United States represents the largest market worldwide. Demand is high in developed countries across North America and Europe, due largely to higher awareness about dental care and hygiene. Future growth in the market will be led by developing countries, supported by factors such as favorable demographics, improved access to quality healthcare services, rising affluence and increased spending on healthcare and dental services including orthodontic treatments. Orthodontic supplies market in Asia-Pacific is forecast to record a CAGR of 6.3% over the analysis period.
Major players covered in the report include 3M Unitek, American Orthodontics, BioMers Pte Ltd., DENTSPLY International Inc., G&H® Orthodontics, Great Lakes Orthodontics Ltd., Ortho Organizers Inc., Ormco Corporation, and Rocky Mountain Orthodontics, among others.
The research report titled “Orthodontic Supplies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US$ thousand for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Orthodontic_Supplies_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 408-528-9966, [email protected]
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