Orthodontic Equipment and Consumables Market Expected to Behold a CAGR of 8.80% through 2014 – 2020

A featured report from Transparency Market Research (TMR), titled “Orthodontic Equipment and Consumables Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, offers a 360-degree view of the market. According to this report, the global orthodontic equipment and consumables market will expand at an 8.80% CAGR during the forecast period from 2014 to 2020. In 2013, the global orthodontic equipment and consumables market was worth US$6.1 bn and by 2020, the market is projected to be worth US$11.0 bn. The global orthodontic equipment and consumables market is driven by the rising popularity of cosmetic dentistry, technological advancements in orthodontic treatment technologies, rising prevalence of malocclusion, and the expanding dental tourism market.

On the basis of type, the global orthodontic equipment and consumables market is segmented into orthodontic equipment and orthodontic consumables. The equipment used in the global orthodontic equipment and consumables market includes dental lasers, scaling units, light cure, dental chairs, handpieces, dental radiology, and CAD/CAM systems. Some of the major consumables used in the global orthodontic equipment and consumables market are archwires, brackets, ligatures, and anchorage appliances.

In 2013, the segment of orthodontic consumables held the largest share in the global orthodontic equipment and consumables market due to technological advancements and rising preference for cosmetic dentistry. The dental radiology orthodontic equipment segment led the global orthodontic equipment and consumables market in 2013 in terms of revenue. This segment benefits from the introduction of advanced digital radiology and the high cost of the equipment, which allows for a high per-unit profit margin.

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The orthodontic consumables segment is projected to register the highest CAGR during the forecast period. Among the various consumables, self-ligating brackets are expected to observe steady growth during the forecast period. Region-wise, the global orthodontic equipment and consumables market is classified into Asia Pacific, Europe, North America, and Rest of the World. Presently, Europe and North America collectively form the largest regional market in the global orthodontic equipment and consumables market.

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