Albany - NY, Aug. 18, 2015 (GLOBE NEWSWIRE) -- Rising prevalence of malocclusion, growing trend of cosmetic dentistry, emergence of dental tourism, and technological advancements have fueled the demand for orthodontic equipment and consumables, according to a new report by Transparency Market Research. The report is titled "Orthodontic Equipment and Consumables Market (Equipment (CAD/CAM Systems, Dental Chairs, Handpieces, Light Cure, Scaling Unit, Dental Lasers and Dental Radiology Equipment), and Consumables (Anchorage Appliances, Ligature, Bracket, and Archwires)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" and is available for sale on the company website.
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The report states that developing at a healthy CAGR of 8.8% from 2014 to 2020, the global orthodontic equipment and consumables market is poised to grow from US$6.1 billion in 2013 to US$11.0 billion by 2020.
Broadly categorizing the overall market into orthodontic equipment and orthodontic consumables, the former held the largest share in 2013 owing to technological advancements and growing preference for cosmetic dentistry. The segment of orthodontic equipment comprises dental radiology, scaling unit, light cure, dental lasers, dental chairs, CAD/CAM systems, and handpieces. In 2013, dental radiology dominated the orthodontic equipment segment in terms of revenue owing to high cost of the equipment and introduction of advanced digital radiology.
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The orthodontic consumables segment, which is estimated to register the highest CAGR by 2020, consists of ligature, anchorage appliances, archwires, and brackets. Among these, brackets, especially self-ligating brackets, are anticipated to witness steady growth by the end of the forecast period.
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On the basis of geography, the worldwide market for orthodontic equipment and consumables is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America and Europe together form the largest regional market for orthodontic equipment and consumables. The major factors responsible for growth in these two regions include high disposable income, reimbursement coverage, increased awareness regarding orthodontic treatments, and availability of advanced technology. In addition, wide distribution networks and strong efforts by orthodontic associations and organizations to promote orthodontic treatments have also contributed toward the growth of the orthodontic equipment and consumables market in North America and Europe.
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Asia Pacific, on the other hand, is estimated to register the highest growth rate by 2020 thanks to developing markets in China and India. Availability of orthodontic treatments at cheaper rates, increasing healthcare expenditure, rising awareness about the need for orthodontic treatments, rapidly developing healthcare infrastructure, availability of skilled orthodontists and advanced technologies, government initiatives, and a supportive economy are the key factors boosting the growth of the orthodontist equipment and consumables market in Asia Pacific.
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GC Corporation, Septodont, Danaher Corporation, Patterson Companies, A-Dec, Inc., Zimmer Dental Inc., Henry Schein, Inc., Midmark Corporation, Dentsply International Inc., Ultradent Products, Inc., Sirona Dental Systems Inc., and 3Shape A/S are some of the top companies operating in the global orthodontic equipment and consumables market.
Browse Article of Orthodontic Equipment and Consumables Market: http://www.transparencymarketresearch.com/article/dental-orthodontic-supplies.htm
Orthodontic Equipment and Consumables Market, by Segment Type
- CAD/CAM Systems
- Dental Chairs
- Light Cure
- Scaling Unit
- Dental Lasers
- Dental Radiology
- Buccal Tube
- Elastomeric Ligature
- Wire Ligature
- Aesthetic Bracket
- Metal Bracket
- Self-Ligating Bracket
- Nickel Titanium Archwire
- Stainless Steel Archwire
- Beta Titanium Archwire
Orthodontic Equipment and Consumables Market, by Geography
- North America
- Rest of the World
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research