Growing Burden of Dental Malocclusion Drives Orthodontic Services Market Growth

According to our new research study on "Orthodontic Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market is expected to reach US$ 9,293.72 million by 2028 from US$ 4,331.05 million in 2021; it is estimated to grow at a CAGR of 11.5% during 2021-2028. The report highlights trends prevailing in the market and factors driving its growth. The orthodontic services market growth is attributed to the increasing prevalence of dental disorders across the globe and rising burden of malocclusion. However, high cost involved in orthodontic services restricts the market growth.

Dental malocclusion is common among children and adolescents across the world, and its prevalence varies from 39% to 93% in this group of population. Crossbite, open bite, overbite, and spacing are among the most prevailing orthodontic problems. According to the WHO, malocclusion is one of the most important oral health problems, after caries and periodontal disease. Moreover, as per Align Technology, one of the major players in the dental industry, there are ~12 million cases of dental misalignment and malocclusion in the world, which are being treated, and Asia Pacific accounts for one-third of the cases. Additionally, according to a research study published in the International Journal of Indigenous Health, the prevalence of malocclusion among Canadians belonging to the age group of 12-59 was 24%. In European and American studies, the prevalence of orthodontic treatment ranged from 10% to 35%. As per a study published in the Nature journal, the pooled malocclusion prevalence was 45.50% among preschoolers in Mainland China from 1988 to 2017. The prevalence of malocclusion in India has been observed to be ranging from 20% to 43%. Therefore, an increasing burden of malocclusion patients is boosting the adoption of orthodontic treatment procedures, thereby driving the orthodontic services market growth.

The need for orthodontic services is increasing with the growing prevalence of dental issues, such as crowded teeth, abnormalities, chipped teeth, and uneven spacing between teeth. Orthodontic services are provided in various settings, such as hospitals and dental clinics. Fixed orthodontic appliances provide a better control over tooth movements. Moreover, fixed braces require specific maintenance and basic oral hygiene to keep them in good shape. According to the American Dental Association (ADA), 10,658 orthodontists are practicing in the US; this represents ~3.27 orthodontists per 100,000 people in 2018. According to the World Health Organization (WHO), oral diseases affected ~3.5 billion people worldwide in 2019. A 2018 survey by the International Society of Aesthetic Plastic Surgery (ISAPS) states that the US, Brazil, Mexico, Germany, and India are the top 5 countries that perform the most cosmetic surgeries. The US and Brazil accounted for 28.4% of all cosmetic procedures-surgical and nonsurgical-in the world in 2018. According to Cosmetic Surgery Solicitors, a leading cosmetic surgery company, Brazil and the US performed equal cosmetic surgeries. i.e., 1.5 million procedures each, in 2018. In the US, 2.8 million nonsurgical cosmetic treatments were performed compared to 769,000 in Brazil. The annual survey from ISAPS found that noninvasive treatments increased by 10.2% worldwide in 2020. Increasing cases of dental disorders drive the market growth. Further, various offers and discounts offered by dentists may favor the orthodontic services market growth.

DENTSPLY SIRONA Inc; 3M; Institute Straumann AG; Q and M Dental Group; Wuhan Dazhong Dental Medical Co., Ltd.; Dalian Meier Dental; Crescent Dental Care; Align Orthodontics; Coast Dental; and ABANO HEALTHCARE GROUP LIMITED are among the leading companies operating in the orthodontic services market. Product launches, product approvals, mergers and acquisitions, and market initiatives are a few strategies adopted by the companies. For instance, in August 2021, New Zealand based Abano Healthcare Group entered a deal to acquire up to 84% of Townsville-based dental roll-up 1300Smiles, giving it an equity value of US$ 166 million. The proposal would see investors receive US$ 8 per share, while founder shareholders would receive cash considerations of up to US$ 6.33 per share.

The orthodontic services market is segmented on the basis of type, end user, and geography. Based on type, the market is segmented into fixed and removable. The orthodontic services market, based on end user, is segmented into hospitals and dental clinics. By geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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