Europe Orthodontic Supplies Market – Industry Trends and Forecast to 2028
Market Analysis and Insights : Europe Orthodontic Supplies Market
Orthodontic supplies market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.50% in the above-mentioned forecast period. Rising number of patients with malocclusions, jaw diseases, tooth decay/tooth loss, and jaw pain drives the orthodontic supplies market.
Orthodontics is a type of field of dentistry which is involved in the correction of the improper jaws and teeth to improve the function and appearance of the teeth and jaws. There have been numerous technological advancements and innovations in orthodontic products. With the rising prevalence of oral diseases, there has been rise in the demand for orthodontic supplies. It is widely being used for the children as well as adults.
Rising disposable incomes and expanding middle-class population in developing countries is the vital factor escalating the market growth, also rising awareness about advanced orthodontic treatments, rising increased expenditure on healthcare due to rising disposable income, rising participation of market players, rising ongoing research and technological advancements in orthodontic products and surging awareness among the availability of orthodontic treatments are the major factors among others driving the orthodontic supplies market. Moreover, rising technological advancements in the machinery used for the treatment and emerging markets in Asia-Pacific and RoW will further create new opportunities for orthodontic supplies market in the forecasted period of 2021-2028.
However, rising unfavorable reimbursement policies and limited insurance coverage for orthodontic treatments, rising risks and complications associated with orthodontic treatments, increased cost of advanced orthodontic treatments in some nations and rising braces and other orthodontic appliances may result in loss of facial appearance which acts as the major factors among others which will obstruct the market growth, and will further challenge the growth of orthodontic supplies market in the forecast period mentioned above.
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