Orthodontic Supplies Market to Surge at 9% CAGR and Hit $7 bn by 2024 | Danaher, Dentsply Sirona, 3M, Dentaurum & 8 Other Companies Profiled: Global Market Insights, Inc.

SELLBYVILLE, Del., Sept. 28, 2018 /PRNewswire-PRWeb/ -- Global orthodontic supplies market growth will be propelled by rise in awareness among the people regarding oral health in Latin America region and increasing incidence of malocclusion in children and adults. Currently around 60% to 75% of the total global population is suffering from malocclusion or misaligned teeth. Global market size of orthodontic supplies will cross USD 7 billion at CAGR of 9% from 2018 to 2024; according to a new research study published by Global Market Insights, Inc.

Technological advancements in removable braces such as improvements in design has enhanced outcomes fostering greater product adoption. The rise in awareness among the people about their physical appearance in Europe region has escalated the demand for use of technologically advanced invisible removable braces.

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Children & Teenagers patients segment held majority with total revenue of over USD 3.2 billion in 2017. Increase in number of teens suffering from teeth misalignment issues and growing accessibility to public healthcare insurance policies for child dental treatments will propel the orthodontic supplies market growth.

Adult business segment will witness over 9% CAGR over the forecast timeframe. There has been considerable increase in the number of adults undergoing orthodontic treatment such as malocclusions owing to increase in disposable income and rise in awareness regarding oral healthcare.

Fixed braces of orthodontic supplies market held significant industry share with revenue of over USD 1.2 billion in 2017 owing to the increasing prevalence of malocclusion. The use of fixed braces for malocclusion treatment has become quite imminent and will therefore escalate the business growth in the near future.

U.S. orthodontic supplies market held the largest revenue share in 2017 with revenue of over USD 1.5 billion. This was attributed to high adoption of removable braces and escalated disposable income among the middle-class families of the country. Launch of innovative technologies and advanced designs for orthodontic supplies such as invisible braces will favor business growth.

Browse key orthodontic supplies market insights from the 2018 report spread across 150 pages offering 63 market data tables as well as 10 figures & charts along with the table of contents:

https://www.gminsights.com/industry-analysis/orthodontic-supplies-market

Brazil market was valued at over USD 109.1 million in 2017 owing to rising healthcare expenditure and growing awareness regarding oral healthcare. Presence of developing healthcare system providing necessary treatments for all aspects of orthodontic treatment will further augment demand.

12 companies active and profiled in the orthodontic supplies market research include 3M, Align Technology, Straumann group, DENTSPLY Sirona, American Orthodontics, Patterson Companies, Henry Schein, G&H Orthodontics, Rocky Mountain Orthodontics, Great Lakes Orthodontics Danaher and DENTAURUM. These players concentrate on strategic decisions to develop new technologically advanced products. Also, merger and acquisitions have helped the companies to increase their product portfolio.

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