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Pharmacy benefit management market
ARCHWIRE MARKET REPORT OVERVIEW
The global archwire market size was valued at USD 0.11 billion in 2023 and is projected to touch USD 0.16 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. Asia-Pacific holds leading position in archwire market share in 2023.
An archwire is a wire used by dentists that are used with dental braces as a force to correct the irregularities in positioning teeth. It is used to maintain existing dental positions. It is made from stainless steel, beta-titanium, and nickel-titanium alloy. In orthodontics, brackets and elastics play an important role but the wiring is one of the essential parts of the system that is required to bring teeth together in a straight row. The main function of this wire is to shift the teeth into their proper position. It is responsible for movements in the mouth during treatment.
The growing demand for archwire is growing owing to growing dental irregularities. The main factors providing support to the market are swift urbanization which has given rise to orthodontic practices. Increasing orthodontic practices and an increase in the standard of living is expected to give rise to the market share. Escalating preference for beautiful smiles for patients by aligning the teeth in a row. The market is set to experience an increase in revenue owing to the availability of various types of wires such as nickel titanium archwire, beta titanium archwire, and stainless steel archwire.
COVID-19 Impact: Halt on Orthodontics Industry to Impede Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with archwire experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the archwire market growth and demand returning to pre-pandemic levels once the pandemic is over.
The effects of the COVID-19 pandemic are already being felt on a global level, the global archwire market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the revenue for the healthcare industry. Various restrictions led to closure of clinics and hospitals except for dental emergencies. The demand for dental aesthetics differed from region to region due to difference between the purchasing power. Companies halted their operations and manufacturing activities which affected the demand for the product.
LATEST TRENDS
"Trend for Dental Aesthetics in Orthodontics to Support Market Development"
The global archwire market growth is projected to drive due to preference for dental aesthetics in the orthodontics industry. One of the latest trends in the industry is getting dental aesthetics amongst all the age groups. There has been development in aligner products over a period of time and is also expected to rise during the forecast period. Preference for clear aligners to increase due to comfort. Spike in the product is owed to the increased spending on cosmetic dentistry. The demand for cosmetic dentistry amongst millennials who are concerned with their oral health. Such trends for dental aesthetics in the orthodontics industry are expected to pose an opportunity for market growth during the forecast period.
ARCHWIRE MARKET SEGMENTATION
- By Type
Based on type; the market is divided into nickel titanium archwire, beta titanium archwire, and stainless steel archwire.
Stainless steel archwire is the leading part of the type segment.
- By Application
Based on application; the market is divided into hospitals, clinics, and others.
Hospitals are the leading part of the application segment.
DRIVING FACTORS
"Increasing Aesthetical Dental Problems to Facilitate Product Demand"
The global archwire market growth is anticipated to grow owing to increasing dental aesthetical dental problems. Increasing prevalence of aesthetic dental problems is one of the primary factors for adoption of such dental aesthetics. Dental abnormalities such as bite problems, crooked teeth, crowded teeth, and other problems are projected to fuel the market. Increasing preferences for cosmetic dental procedures done with brackets, ligatures, archwire, and anchorage appliances. Such increasing demand for dental procedures is expected to drive the market growth and share. Growing adoption of bicycle security systems is anticipated to drive the market size and provide lucrative opportunities for the market.
"Amplification of Online Sales to Expand Market Growth"
Increasing online sales of the dental products is expected to drive the product demand. There are specific orthopedic support devices that are used under the supervision of doctors. However, there are some support devices that can be sold online through e-commerce channels. Such products don’t need supervision. Manufacturers have been taking strategic initiatives to increase their brand visibility. Such adoption of e-commerce channels for online sales is anticipated to drive the market growth during the forecast period.
RESTRAINING FACTORS
"High Cost of the Dental Procedures to Hamper Product Demand"
There are a number of factors that can push the growth of the archwire market. Restraining factors such as high costs of the dental procedures. One of the limiting factors is high costs of the product and costs associated with various dental treatments. Wearing dental aesthetics can create various limitations such as not being able to consume certain foods. Such high costs of the dental procedures and other limitations are anticipated to restrict and limit the market growth.
ARCHWIRE MARKET REGIONAL INSIGHTS
"North America to Dominate Market Owing to Growing Orthodontic Treatments"
North America holds the largest part of the global archwire market share due to technological advancements tools in orthodontics. Adoption of technically advanced tools in the orthodontics industry is expected to drive the market growth. Thriving healthcare sector and advanced research and development activities is expected to drive the market growth. Increasing dental treatments and investments in dental startups is estimated to drive the product demand in the region. Rising number of people seeking orthodontic treatments to contribute to market share.
KEY INDUSTRY PLAYERS
"Market Players to Boost Market Growth"
The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP ARCHWIRE COMPANIES
- Henry Schein (U.S.)
- GC Corporation (Japan)
- Patterson Companies (U.S.)
- 3M Unitek (U.S.)
- Ultimate Wireforms (U.S.)
- American Orthodontics (U.S.)
- Dentsply (U.S.)
- Forestadent (Germany)
- Dentaurum (Germany)
- Ormco (U.S.)
- ACME Monaco (Asia)
- Tomy (Japan)
- Dental Morelli (Brazil)
- J J Orthodontics (India)
- Beijing Smart (China)
- Grikin (China)
- Shenzhen Super Line (China)
- AIC Mondi Material (U.K.)
- 3B Orthopedics (U.S.)
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.11 Billion in 2023 |
Market Size Value By |
US$ 0.16 Billion by 2032 |
Growth Rate |
CAGR of 4.6% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Material
|
|
By Application
|
Frequently Asked Questions
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What value is the archwire market expected to touch by 2032?
The global archwire market size was valued at USD 0.11 billion in 2023 and is projected to touch USD 0.16 billion by 2032.
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What CAGR is the archwire market expected to exhibit by 2032?
The archwire market is expected to exhibit a CAGR of 4.6% by 2032.
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Which are the driving factors of the archwire market?
Drivers of this archwire market are increasing aesthetical dental problems and amplification of online sales.
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Which are the top companies operating in the archwire market?
Henry Schein, GC Corporation, Patterson, 3M Unitek, Ultimate Wireforms, American Orthodontic, Dentsply, Forestadent, Dentaurum, Ormco, ACME Monaco, Tomy, Dental Morelli, J J Orthodontics, Beijing Smart, Grikin, Shenzhen Super Line, AIC Mondi Material, and 3B Orthopedics are key companies operating in the archwire market.