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| Asia-Pacific Orthodontics Market |
According to this latest publication from Meticulous Research®, the Asia-Pacific orthodontics market is expected to grow at a CAGR of 36.4% from 2019 to reach $4.2 billion by 2025. The growing number of dentists and clinics, increasing prevalence of malocclusion, and growing awareness about advanced orthodontic treatments are the key factors driving the growth of this market. On the other hand, high cost of advanced orthodontic treatments and limited reimbursement is expected to hinder the growth of this market.
The APAC orthodontics market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product (removable, fixed braces (brackets (metal, ceramics), archwire (beta titanium, stainless steel), anchorage appliances, ligature, retainers), and by patient (children and teen, adult). The study also evaluates industry competitors and analyzes the market at country level.
Fixed braces market is further segmented into brackets, archwires, anchorage appliances, and ligatures. Bracket segment accounted for the largest share of the fixed braces market. Brackets market is further segmented into metal and ceramic. Metal brackets accounted for the largest share due to their high adoption in Asian countries with its low cost and high strength. However, ceramic brackets market is expected to grow at the highest CAGR in the next few years. However, higher incidence of fracture during debonding is expected to hinder its adoption to a certain extent.
On the basis of patient or age group, orthodontics market for children and teen commanded the largest share of APAC market in 2018. The large share and high growth of this market is mainly attributed to growing adoption of orthodontic treatment among teenagers, and growing number of orthodontists across the Asia-Pacific region.
This research report analyzes major geographies and provides comprehensive analysis of Japan, China, India, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Taiwan, and Rest of Asia-Pacific. China commanded the largest share of the APAC orthodontics market in 2018, followed by Japan and India. The largest share of China is mainly attributed to large patient pool, increasing number of dentists, supportive healthcare reform in China, and expanding presence of key players in the country. Increasing disposable income and growing awareness on oral health are further expected to drive the growth of this market in the country. In China, there were around 400,000 orthodontic cases in 2014 which are growing at a rate of 20% annually and expected to reach 1.1 million cases by 2020. In addition, increasing number of dentists offering orthodontic treatment, growing number of beauty hospitals, and growing number of teen demanding orthodontic treatment are further expected to drive the orthodontic cases in the country which will propel the adoption of the orthodontic products in the country.
Asia-Pacific Orthodontics Market Key Players
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 5 years (2015-2019). The major players operating in the APAC orthodontics market are Align Technology, Inc. (U.S.), 3M Company (U.S.), and Danaher Corporation (U.S.), DENTSPLY SIRONA Inc. (U.S.), Straumann AG (Switzerland), G&H Orthodontics (U.S.), Great Lakes Orthodontics, Ltd. (U.S.), DB Orthodontics (U.K.), DENTAURUM GmbH & Co. (Germany), and TP Orthodontics, Inc. (U.S.) among others.
Key questions answered in the report:
Growing dental tourism in Southeast Asian countries to drive the overall Asia Pacific orthodontics market
- What factors contribute to turn Asia Pacific one of the most preferred dental tourism hub?
- How does the adoption of orthodontic products and procedures in developed countries differ from developing countries?
- What are the factors propelling the growth of orthodontic products and procedures in Southeast Asian countries?
- How is the competitive scenario between global companies and local companies operating in Asia pacific market?
- Which are the high growth market segments in terms of product, patient, and geography?
Fixed braces accounted for the largest share of the orthodontics market in Asia Pacific
- What factors contribute to the frequent adoption of the fixed braces by end users?
- Which country is expected to experience the fastest growth in the usage of fixed braces in children and teen and adult patient population?
- What are the geographical trends and high growth regions/ countries for each product segment in Asia Pacific?
China market favours both larger and local manufacturers that compete in multiple segments
- What are the top competitors in this market and what strategies do they employ to gain shares?
- Who are the major players in various countries of Asia Pacific and what share of the market do they hold?
- What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
- What are the major drivers, restraints, opportunities, and challenges in the orthodontics market?
Recent partnerships, acquisitions, and expansions have taken place in Asia Pacific orthodontics market
- Which companies have recently merged/acquired to establish their presence in Asia Pacific market?
- What companies have created partnerships and how will these partnerships promote a competitive advantage?
- How will these mergers/acquisition and partnerships affect the competitive landscape of Asia Pacific orthodontics market?
- What are the key strategic developments employed by market players to compete in this market?
