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Pharmacy benefit management market
Nickel Titanium Orthodontic Archwire Market Report Overview
The global nickel titanium orthodontic archwire market size was 80 million in 2022. As per our research, the market is expected to reach USD 100.9 million by 2029, exhibiting a CAGR of 3.3% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with the nickel titanium orthodontic archwire market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The main purpose of orthodontic archwires is to straighten and align teeth in the orthodontic field. During the projected period, the market for orthodontic archwires is anticipated to expand at a healthy rate. Additionally, government programmes to promote oral hygiene are supporting the expansion of this sector. It is curved and bent after being inserted into the brackets on the teeth in order to align the teeth properly. The teeth are subjected to pressure from the orthodontic archwire, which aids in their positioning.
Due to an increase in dental abnormalities, there is a rising demand for archwire. Rapid urbanization, which has led to the emergence of orthodontic practises, is the primary factor supporting the industry. The market share is anticipated to grow as orthodontic practises expand and the standard of living rises. Due to the availability of several types of wires such nickel-titanium archwire, beta titanium archwire, and stainless steel archwire, the market is expected to see an increase in revenue. The rise in malocclusion and orthodontic issues, increased public knowledge of dental care and cosmetic dentistry, and technological developments in the field of orthodontics are all factors contributing to the market's expansion. The market for orthodontic archwires is divided into beta-titanium, nickel-titanium, and stainless steel types based on type. Due to its excellent strength-to-weight ratio and corrosion resistance qualities, beta titanium archwires are anticipated to dominate the market during the forecasted period. Due to its higher elasticity qualities compared to other types of wires on the market, nickel-titanium archwires are also growing in popularity.
Patients who do not respond well to other types of wires or who have sensitivities to specific metals used in wire construction components are given stainless steel wires as a backup alternative. In terms of application, children and teenagers accounted for the lion's share of the global orthodontic archwire market in 2017. This is because they are more likely to be diagnosed with malocclusion issues early in life and because there is a growing demand for aesthetic treatments among children in all geographical areas of the world.
COVID-19 Impact: Limit the orthodontics industry's ability to restrain market expansion
Globally, the COVID-19 pandemic's consequences are already being seen, and the global archwire market was greatly affected. Multiple markets were negatively impacted by the COVID-19 epidemic. Lockdowns were implemented in several nations. The abrupt outbreak caused difficulties in many different kinds of enterprises. The pandemic has a major effect on the healthcare sector's revenue. Clinics and hospitals were shut down due to various limitations, with the exception of dental emergencies. Due to disparities in purchasing power, the desire for dental aesthetics varied by area. Businesses stopped operating and engaged in manufacturing, which had an impact on product demand.
Latest Trends
"Orthodontic dental aesthetics as a trend to support market expansion"
Due to the orthodontics industry's inclination for dental aesthetics, the expansion of the worldwide archwire market is anticipated. Dental aesthetics throughout all age groups is one of the most recent trends in the sector. Over time, aligner products have evolved, and over the projection period, more growth is anticipated. Due to comfort, clear aligners are becoming more popular. The increase in expenditure on aesthetic dentistry is responsible for the price increase. the millennial generation's demand for cosmetic dentistry among those who are worried about their dental health. During the projected period, it is anticipated that such dental aesthetics trends would present a market expansion opportunity.
Nickel Titanium Orthodontic Archwire Market Segmentation
- By Type Analysis
According to type, the market can be segmented into children, adults. Children is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into hospital, dental clinic, others. Hospital will be the dominating segment.
Driving Factors
"Increasing Cosmetic Dental Conditions to Support Product Demand"
The growing number of dental aesthetic dental issues is expected to fuel the expansion of the global archwire market. One of the main drivers for the acceptance of such dental aesthetics is the rising prevalence of cosmetic dental issues. The market is expected to be driven by dental anomalies such bad bites, crooked teeth, crowded teeth, and other issues. a rise in demand for cosmetic dental operations using anchorage devices, archwires, ligatures, and brackets. It is anticipated that this rising demand for dental procedures will propel market growth and share. It is projected that increasing consumer use of bicycle security systems would increase market size and present profitable prospects.
"Increased Online Sales to Drive Market Growth"
Demand for the product is anticipated to rise as online dental product sales rise. Under the direction of medical professionals, several orthopaedic support devices are employed. However, some assistance devices can be bought and sold online via e-commerce platforms. These goods don't require oversight. Manufacturers have been implementing strategic plans to improve brand recognition. During the projected period, market growth is anticipated to be fueled by this use of e-commerce platforms for online sales.
Restraining Factors
"High Dental Procedure Costs Will Reduce Demand for Products"
The market for archwires may expand as a result of many factors. limiting elements like the high cost of dental operations. High product costs and costs related to different dental procedures are one of the restrictions. Wearing dental aesthetics can impose a number of restrictions, including the inability to eat some foods. The market expansion is expected to be constrained and limited by the high costs of dental procedures as well as other restrictions.
Nickel Titanium Orthodontic Archwire Market Regional Insights
"Due to the increasing use of orthodontic treatments, North America will dominate the market"
The major portion of the worldwide archwire market share is held by North America because to developments in orthodontic tool technology. The deployment of technologically sophisticated instruments in the orthodontics sector is anticipated to fuel market expansion. Growth in the market is anticipated to be fueled by the flourishing healthcare industry and cutting-edge research and development initiatives. The demand for products in the area is anticipated to be driven by rising dental treatments and investments in dental startups. More people are seeking orthodontic treatment, which will increase market share.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Ormco (U.S.)
- 3M Company (U.S.)
- Dentsply (U.S.)
- Henry Schien (U.S.)
- American Orthodontics (U.S.)
- G&H Orthodontics (U.S.)
- TP Orthodontics (U.S.)
- GC Orthodontics (Japan)
- Rocky Mountain Orthodontics
- ACME Monaco (Asia)
- Patterson (U.S.)
- Ultimate Wireforms (U.S.)
- Forestadent (Germany)
- Dentaurum (Germany)
Report Coverage
This research profiles a report with extensive studies that take into description 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, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 80 Million in 2022 |
Market Size Value By |
US$ 100.9 Million by 2029 |
Growth Rate |
CAGR of 3.3% from 2022 to 2029 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Nickel Titanium Orthodontic Archwire Market expected to touch by 2029?
Based on our research the Nickel Titanium Orthodontic Archwire market is expected to reach USD 100.9 million in 2029.
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What CAGR is the Nickel Titanium Orthodontic Archwire Market expected to exhibit by 2029?
The Nickel Titanium Orthodontic Archwire market is expected to exhibit a CAGR of 3.3% by 2029.
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Which are the driving factors of the Nickel Titanium Orthodontic Archwire Market?
Growing aesthetic dental issues and an increase in internet sales are the key drivers of the Nickel Titanium Orthodontic Archwire Market.
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Which are the top companies operating in the Nickel Titanium Orthodontic Archwire Market?
The top key players in the Nickel Titanium Orthodontic Archwire market are Ormco, 3M Company, Dentsply, Henry Schien, American Orthodontics, G&H Orthodontics, TP Orthodontics, GC Orthodontics, Rocky Mountain Orthodontics, ACME Monaco, Patterson, Ultimate Wireforms, Forestadent, Dentaurum.