Product ID: SQMIG35A2109
Report ID:
SQMIG35A2109 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
69 |
Figures:
75
Orthodontics Market Driver
One of the key drivers of market expansion is the increasing frequency of dental malocclusions globally. Dental malocclusion is defined as morphological changes that are unrelated to other illnesses or pathological circumstances. According to Align Technology, one of the industry's leading players, there are around 12 million cases of dental misalignment and malocclusion seeking treatment worldwide, with Asia Pacific accounting for almost one-third of the cases. Many public stakeholders have launched preventative and awareness campaigns to address the rising occurrence of malocclusions, which is likely to drive product demand. Furthermore, unmet patient demands are another major aspect that is expected to drive the market throughout the forecast period.
Orthodontics Market Restraint
One of the most significant impediments is the high expense of various treatment alternatives. While a rising number of patients choose orthodontics for a variety of reasons (improved dental health or aesthetic enhancement), the issue of excessive treatment costs persists. Another issue that contributes to the ambiguity around orthodontic treatment is the fact that each individual treatment is very individualized. As a result, there is a larger degree of fluctuation in treatment costs on a case-by-case basis, and patients may be concerned about the total treatment expenses. Treatment prices vary depending on the kind and length of treatment, the location of treatment, the patient's age, and the availability of dental insurance.
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REQUEST FREE CUSTOMIZATIONOrthodontics Market size was valued at USD 2763.71 million in 2019 and is poised to grow from USD 3059.43 million in 2023 to USD 7637.8 million by 2031, growing at a CAGR of 10.7% in the forecast period (2024-2031).
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Product ID: SQMIG35A2109