The U.K.orthodontics market size is projected to reach USD 370.3 million by 2027, exhibiting a CAGR of 18.4% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “U.K. Orthodontics Market, 2020-2027”. As per the report, the value of the market stood at USD 148.7 million in 2019.
According to a study published in the World Health Organization (WHO), dental treatment merely contributes more than 5% of the total health expenditure in the developed nations. Additionally, most of the developing countries do not consider oral health in their basic essential health coverage. However, the condition of dental care is not as substandard in some countries. For instance, the National Health Service (NHS), a public healthcare system in the UK, provides orthodontic services for patients up to 18 years of age without any fees.
A List of Key Player Covered in this Report:
- Institut Straumann AG (Basel, Switzerland)
- Dentsply Sirona (Pennsylvania, United States)
- 3M (Minnesota, United States)
- Align Technology, Inc. (San Jose, United States)
- Henry Schein, Inc. (New York, United States)
- Ormco Corporation (California, United States)
- TP Orthodontics, Inc. (Indiana, United States)
- DB Orthodontics (Silsden, United Kingdom)
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REPORT COVERAGE-
The report
provides a detailed analysis of the key market aspects, namely, the dominant
companies, end-users, and leading product types. Apart from this, the report
contains tangible insights into the current & upcoming market trends and
highlights prominent industry developments. In addition to these factors, the
report supplies a holistic understanding of the main drivers, restraints, and
segments that are contributing to the growth of the market.
A NEW PRODUCT LAUNCH-
Dentsply Sirona Introduces New Generation of
CAD/CAM Software with Oracheck 5.0
In October
2019, Dentsply Sirona announced the launch of its new generation of CAD/CAM
software with OraCheck 5.0 in the market. With the help of this device, the
company will be able to offer patient monitoring before, during, and after
treatment. In addition, the updated software will now offer digitally feasible
treatment options, especially for orthodontics and implant dentistry. The
acquisition of OraCheck coupled with the aforementioned updates will enable
Dentsply to provide dentists with a valuable tool for patient analysis.
DRIVING & RESTRAINING FACTORS-
Rising Prevalence of Malocclusions and Other
Dental Disorders to Propel Growth
Increasing
cases of orthodontic procedures owing to a large population of the country
suffering from malocclusions and other dental disorders are projected to drive
the U.K. orthodontics market growth. For instance, according to the World
Health Organization (WHO), malocclusions are growing to become the third most
prevalent oral health problem followed by dental caries and periodontal
diseases. In addition, the dental companies in the country are actively
investing in the research and development of innovative, less painful products.
This will further boost the demand for orthodontics during the forecast period.
However, the high cost associated with the malocclusion treatment coupled with
adverse effects, such as discoloration or breakage of teeth due to its
prolonged use, is predicted to restrain the market growth.
Read a Detailed Summary of This Report:
COMPETITIVE LANDSCAPE-
Acquiring Tech-savvy Enterprises to Aid Key
Players Strengthen their Presence
Leading
players operating in the U.K. orthodontics market are embarking on inorganic
strategies, such as the acquisition of technology-oriented companies, in order
to strengthen their foothold in the market. For instance, in July 2020,
Institut Straumann AG signed a partnership agreement with DrSmile, a leading
provider of orthodontic treatment solutions in Europe. This will help the
company strengthen its position in the European market.
INDUSTRY DEVELOPMENTS:
- In January 2021, Dentsply Sirona announced the acquisition
of Byte, a manufacturer of clear aligners in the U.K., in order to expand its
product offerings as well as solidify its position in the orthodontics market.
- In April 2020, Align Technology, Inc. signed an acquisition agreement with exocad Global Holdings GmbH, a CAD/CAM software developer based in Germany. This will help the former company launch cutting-edge orthodontic products in the market.
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