The Asia-Pacific orthodontics market is poised for significant growth, with a projected value of $8.21 billion by 2030, according to a recent report by Meticulous Research®. The market is expected to expand at a robust CAGR of 17.2% during the forecast period, driven by several key factors.
Key Growth Drivers
High prevalence of malocclusion: The high incidence of misaligned teeth and jaws is a major driver for the orthodontics market in the Asia-Pacific region.
Growing demand for cosmetic dentistry: Increasing focus on dental aesthetics and the desire for straighter, whiter teeth are fueling the demand for orthodontic treatments.
Rising number of dentists: The growing number of dental professionals in the region is contributing to the expansion of the orthodontics market.
Increased awareness of advanced treatments: Improved awareness and acceptance of modern orthodontic techniques, such as clear aligners and invisible braces, are driving market growth.
Emerging Opportunities
Development in China and India: The rapid economic growth and rising disposable incomes in emerging markets like China and India are expected to create new opportunities for market expansion.
Dental tourism: The increasing popularity of dental tourism in countries like South Korea, India, and other parts of Asia is likely to contribute to the market’s growth.
Challenges
Limited reimbursement policies: The lack of comprehensive insurance coverage for orthodontic treatments may restrict market growth to some extent.
Key Players
The Asia-Pacific orthodontics market is dominated by several
- prominent players, including:
- Align Technology, Inc. (U.S.)
- Institut Straumann AG (Switzerland)
- Henry Schein, Inc. (U.S.)
- 3M Company (U.S.)
- DENTSPLY SIRONA Inc. (U.S.)
- DENTRUM GmbH & Co.KG (Germany)
- Koden Inc. (U.S.)
- Angelalign Technology Inc. (China)
- SmileDirectClub, Inc. (U.S.)
- Tomy International, Inc. (U.S.)
Market Segmentation And Outlook
The Asia-Pacific orthodontics market is segmented by product type, patient type, end-user, and country:
Product Type: Removable braces (clear aligners and retainers), fixed braces (brackets, archwires, anchorage appliances, ligatures), and other orthodontic products.
Patient Type: Children & teens, and adults.
End-User: Dental clinics & hospitals, dental laboratories, and research institutes.
In 2023, the removable braces segment is expected to hold the largest market share, driven by the high prevalence of malocclusion, increasing demand for customized clear aligners, and the growing popularity of aesthetic dentistry. The adult patient segment is also anticipated to account for the largest share, attributed to the rising focus on dental aesthetics and the expanding demand for clear aligners.
Dental clinics & hospitals are projected to dominate the market in 2023, owing to extensive promotional efforts for clear aligners and the rapid adoption of advanced orthodontic technologies.
Country-Level Insights
China is forecasted to be the leading country in the Asia-Pacific orthodontics market in 2023, driven by factors such as increasing out-of-pocket spending on orthodontic treatments, rising disposable incomes, supportive government initiatives, and heightened awareness of dental hygiene.
The Asia-Pacific orthodontics market presents significant growth opportunities in the coming years, fueled by the high prevalence of malocclusion, growing demand for cosmetic dentistry, and the development of emerging markets. However, challenges such as limited reimbursement policies may impact market growth to some extent. Key players in the industry are poised to capitalize on these opportunities and drive the market forward.