Orthodontics market to hit $8.2B by 2027: 2 trends driving growth

The global market for orthodontic supplies — estimated at $5.4 billion in 2020 — is projected to reach $8.2 billion by 2026, with a compound annual growth rate of 7.4 percent over the analysis period, according to a report published by Research and Markets.

Five things to know:

1. A focus on corrective dental procedures and the rising popularity of cosmetic dentistry are driving market growth.

2. Besides alignment of teeth, cosmetic orthodontic treatment is also focusing on changing the color and shape of teeth.

3. The fixed braces segment is projected to grow at a 5.4 percent CAGR to reach $3.5 billion by the end of the analysis period.

4. After a thorough analysis of the business implications of the pandemic, growth in the removable braces segment is readjusted to a 10 percent CAGR for the next seven-year period. This segment currently accounts for 40.5 percent of the global market.

5. The U.S. orthodontics supply market — estimated at $2.3 billion in 2021 — currently accounts for about 42 percent of the global market.

Select competitors include:
3M Unitek
Align Technology
American Orthodontics
BioMers Pte
DB Orthodontics
Dentsply Sirona
G&H Orthodontics
Great Lakes Orthodontics
Ormco Corp.
Ortho Organizers
Rocky Mountain Orthodontics
TP Orthodontics

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