Vancouver, British Columbia--(Newsfile Corp. - April 19, 2021) - The global orthodontics market is projected to be worth USD 10.60 Billion by 2027, according to a current analysis by Emergen Research. The orthodontics market is observing rapid growth attributed to the rising occurrence of dental diseases. Malocclusion is a generally occurring dental problem even though it does not pose any severe health risks that may require treatment. Malocclusion correction causes a reduction in the tooth decay risk and aid in relieving unnecessary pressure on the temporomandibular joint. Also, orthodontic treatment is deployed to align teeth for aesthetic purposes. Malocclusions may lead to temporomandibular disorder (TMD), causing pain in the jaw joint and muscles controlling jaw movement.
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The growing geriatric population is s significant factor driving the orthodontics market demand. It has been estimated that by 2050 approximately 16.0% of the global population will be aged more than 65 years, which is expected to increase five-fold since 1950. Elderly people suffer from various complications, including hearing loss. Older persons are at a higher risk of chronic oral diseases comprising dental infections and tooth loss, among others.
Key Highlights From The Report
Key companies include Danaher Corporation, GC Corporation, Patterson Companies, 3M Company, American Orthodontics, Henry Schein Inc., DENTSPLY International Inc., Septodont, Zimmer Holdings Inc., and Ormco Corporation, among others.
In March 2020, Align Technology, Inc. made an announcement about the signing of an agreement for the acquisition of exocad Global Holdings GmbH, a leader in dental CAM/CAD software, for about EUR 376.0 million.
Adult braces gather significant traction in the market, owing to rapid advances in hardware and technology, making braces accessible and aesthetically satisfying for all individuals comprising self-conscious adults concerned about their smile.
The primary benefit of deploying ligatures is the enablement of precise reinforcing bars placement in steel cages. Also, it provides an added layer of strength to the cage, due to the structural integrity given by the fitments.
Hospitals are likely to grow at a rate of 10.4% in the forecast period attributed to higher purchasing power and enhanced health coverage for healthcare services from various plans for private and group insurance.
The orthodontics market in the European region held the second largest market share in 2019, owing to the rising awareness pertaining to the availability of orthodontic procedures and the growing demand for cosmetic dentistry.
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Emergen Research has segmented the global orthodontics market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Bands & Buccal Tubes
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Users Outlook (Revenue, USD Billion; 2017-2027)
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Regional Outlook (Revenue, USD Billion; 2017-2027)
Rest of Europe
Rest of APAC
Rest of LATAM
Rest of MEA
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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