Braces Market to Reach USD 26.35 Billion by 2029
Braces Market Size, Share & COVID-19 Impact Analysis, By Product Type [Instruments and Supplies {Fixed (Brackets, Bands & Buccal Tubes, Archwires, and Others) and Removables (Aligners, Retainers, and Others)}], By End-user (Dentist & Orthodontist Owned Practices and Others), and Regional Forecast, 2022-2029
The global Braces Market size was valued at USD 6.73 billion in 2021. The market is projected to grow from USD 7.77 billion in 2022 to USD 26.35 billion by 2029, exhibiting a CAGR of 19.1% during the forecast period.
Braces involves the correction and prevention of misalignment of teeth and jaws. Aesthetics and functionality are the main reasons for Braces treatment. Rising prevalence of dental diseases such as malocclusion, crooked teeth, crossbites, and occlusion problems, coupled with growing awareness of the importance of dental care, will drive the market expansion in the coming years. This information is provided by Fortune Business Insight in its report titled Braces Market 2022-2029.
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This report provides an overview of market share, size, volume and revenue. We also dug deep into Porter's SWOT Analysis and Five Forces Analysis. The report has been prepared through qualitative and quantitative analysis to enhance the strategic approach. Additionally, numerous primary interviews with key stakeholders and suppliers reinforced the importance of the report. Primary data were collected through telephone calls, questionnaires, and emails. The report also includes secondary sources such as SEC filings, government websites, and press releases.
Increasing Adoption of Machine Learning and Artificial Intelligence Technologies to Support Market Expansion
Increasing adoption of artificial intelligence and machine learning technologies will drive the growth of the global Braces market in the coming years. Artificial intelligence has made great progress recently, and its application will lead to increased efficiency in this field. The application of artificial intelligence in 3D printing will further drive the market. The advent of artificial intelligence and machine learning in clear aligner manufacturing and fitting has enabled healthcare professionals to more efficiently achieve treatment planning and patient outcomes.
On the other hand, the high cost and side effects of treatments such as severe pain, allergic reactions and soft tissue injuries present challenges for companies operating in this sector.
Company Overview:
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2021, regions where the company is operating and the key business areas.
Fiscal Overview:
Overall revenue for the year 2021 and 2022 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers and acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product Benchmarking:
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
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Strategic Initiatives:
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
The report also covers in-depth explanations, competitive scenarios, and a broad product portfolio with a broad product portfolio of key players in Global Dental Market and SWOT analysis adopted by competitors. This report provides Porter analysis, PESTEL analysis and market appeal to help you better understand macro and microscopic market scenarios.
Top Players:
- Bumrungrad International Hospital (Bangkok, Thailand)
- Apollo Hospitals (Chennai, India)
- Bangkok Chain Hospital (Nonthaburi, Thailand)
- Fortis Healthcare (Delhi, India)
- Asian Heart Institute (Mumbai, India)
- KPJ Healthcare Berhad (Kuala Lumpur, Malaysia)
- Livonta Global (Ahmedabad, India)
- Gleneagles Hospital (Mumbai, India)
Regional Insights:
North America to Hold Dominant Share Due to Increasing Prevalence of Dental Disease
North America Will Dominate Global Market in 2021, Rated by Number of Adults Choosing Braces, Clear Aligners, and Other Treatments The amount reached US$3.19 billion. Increasing prevalence of dental diseases and growing awareness of the importance of dental care are factors contributing to the market penetration in this region.
Europe holds his second largest share of the global market in 2021, due to growing interest in dental care, improvements in medical facilities and the availability of efficient and technologically advanced products. , is expected to experience moderate growth in the next few years.
On the other hand, the Asia-Pacific market is expected to grow rapidly in the coming years while registering the highest CAGR among all the regional markets.
Rising number of dental clinics and specialty hospitals in economies such as Australia, China, and India, as well as increased product supply availability contribute to the market growth in this region.
Table of Content from Braces Market:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Prevalence of Malocclusion (in billions) by Key Countries (2021)
- Estimated Number of Braces Key Countries (2020)
- Pricing Analysis
- Technological Developments
- Key Industry Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of COVID-19 on the Market
- Global Braces Market Analysis, Insights and Forecast, 2018-2029
- Market Analysis, Insights and Forecast By Product Type
- Instruments
- Supplies
- Fixed
- Brackets
- Bands and Buccal Tubes
- Archwires
- Others
- Removables
- Aligners
- Retainers
- Others
- Market Analysis, Insights and Forecast By End-user
- Dentist and Braces Owned Practices
- Others
- Market Analysis, Insights and Forecast By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
- Fixed
- Market Analysis, Insights and Forecast By Product Type
TOC Continued…
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