The global orthodontics market size was USD 4.76 billion in 2020. The market is USD 5.38 billion in 2021 and is expected to reach USD 16.36 billion in 2028 at a CAGR of 17.2% in the 2021-2028 period.
This information is published by Fortune Business Insights™, in its report, titled, “Orthodontics Market, 2021-2028.”
According to our research experts, owing to the several medical and visual reimbursement presented by the dental orthopedic treatment, the demand for these products is growing briskly. Furthermore, progressive move towards precautionary oral care, rising apprehension for sanitation of the equipment, and promising health benefits for treatment of dental malocclusion are projected to navigate the orthodontics market growth during the mentioned timeframe.
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Suspended Elective Operations amid COVID-19 to Result in Global Market Revenue Drop
The COVID-19 pandemic has become a prime health crisis across the world. The healthcare industry observed a substantial effect on its income growth. The market on the other hand perceived an adverse growth of -2.9% in the year 2020.
In order to control the spread of COVID-19 virus, numerous preventative procedures were taken into contemplation, among which nation-wide lockdown of dental facilities except for emergency cases. Dental orthopedic emergencies occur infrequently, thus the suspended appointments across the world is one of the primary factor, restraining the growth of the orthodontic industry in 2020.
To get to know more about the short-term and long-term impact of COVID-19 on this market,Please Visit: https://www.fortunebusinessinsights.com/industry-reports/orthodontics-market-101587