The “U.S. Orthodontics ” Market is projected to reach USD 4.21 billion by 2027, exhibiting a CAGR of 13.1% during the forecast period. Increasing need for orthodontic treatments for managing malocclusion will be a critical factor aiding the growth of this market, states Fortune Business Insights™ in its report, titled “U.S. Orthodontics Market Size, Share & COVID-19 Impact Analysis, By Type (Traditional Metal Braces, Ceramic Braces, Lingual Braces, and Clear Aligners), By Age Group (Adult, and Teenager), and by End User (Clinics, and Hospitals) and Forecast, 2020-2027”.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
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As per the report findings, the value of the market stood at USD 1.98 billion in 2019. The report also provides the following:
- Detailed analysis of all segments of the market;
- Comprehensive examination of the key market drivers, trends, opportunities, and challenges;
- Careful study of the regional dynamics impacting the market; and
- In-depth evaluation of the prominent market players and their strategies.
Malocclusion refers to misaligned teeth or “poor bite”, causing the improper line-up of the upper and lower teeth when they meet. While it is considered more of a cosmetic problem than a dental issue, severe form of malocclusion cause eating or speaking hindrances. Moreover, since misaligned teeth are hard to take care of, this condition can lead to serious dental problems such as tooth and gum decay. Orthodontic treatments, which mainly involve attaching braces or retainers to reshape the teeth arrangement, are required for dealing with malocclusions. According to a study published by the National Institutes of Health, approximately 60%-65% of the US population suffers from some form of malocclusion. Thus, as the awareness about the health implications of this condition spreads in the country, the adoption of orthodontics is likely to spike during the forecast period across the US.
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