New York, NY, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Orthodontic Retainers Market by Product Type (Metal, Ceramics, Polymer Material, and Others) and by End-User (Adult, Teen, and Kids): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global orthodontic retainer market accounted for USD 192 million in 2017 and is expected to reach approximately USD 388 million by 2024, growing at a CAGR of around 13.12% between 2018 and 2024.
Orthodontic treatment is performed with multiple devices, such as braces, helps in fixing dental problems. However, wearing retainers even after treatment helps in maintaining teeth in proper alignment. Wearing retainers is equally important when compared to the treatment itself. There are two types of retainers available in the market—fixed and removable. Dentists prescribe retainers depending on the condition of the patient and the type of orthodontic retainers required to fix their teeth.
Browse through 39 Tables & 10 Figures spread over 110 Pages and in-depth TOC on “Global Orthodontic Retainers Market: By Type, Size, Share, Industry Trends, Segments, Analysis and Forecast, 2017 – 2024”.
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The global orthodontic retainers market is expected to witness an excellent rate of growth in the forecast time period, due to the increasing number of dentists across the world. Awareness about dental care across the world is also considered as one of the major drivers for the global orthodontic retainers market. In addition, the expansion of the cosmetics industry is also responsible for the development of orthodontic retainers market. However, the high product cost and unfavorable reimbursement policies might hinder the orthodontic retainers market. Nonetheless, innovation and development in the field of dentistry might create growth opportunities in the market in the forecast time period.
By product type, the orthodontic retainers market is segmented into metal, ceramics, a polymer material, and others. Metal orthodontic retainers are one of the commonly used product types and are likely to contribute approximately over 35% in the orthodontic retainers market followed by the polymer material. The growth of metal orthodontic retainers can be attributed to their low cost and dentists’ preference for these products. Based on end-user, the orthodontic retainers market is classified into adult, teens, and kids. Teens formed the major consumers of orthodontic retainers in the year 2017, owing to lifestyle changes and high per capita income along with the rise in the healthcare expenditure witnessed in developed countries, such as the U.S., Germany, France, etc.
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North America is the largest market for orthodontic retainers and is expected to dominate in the forecast period. This can be due to the presence of advanced healthcare infrastructure in this region. North America held approximately more than 33% of the global orthodontic retainers market in 2017.
Europe was the second largest orthodontic retainers market in 2017. This share can be attributed to the rising demand for orthodontic retainers in this region and the rise in the per capita healthcare expenditure along with the presence of countries with high human development indexes.
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The Asia Pacific region held approximately more than 20% of the world’s overall orthodontic retainers market in the year 2017, due to the presence of emerging markets with huge growth potential. The region is considered to be one of the most promising markets for orthodontic retainers. The region is also expected to grow considerably in the near future. In addition, the region’s increasing healthcare expenditure is expected to create huge growth opportunities in the orthodontic retainers market. China is the biggest consumer of orthodontics followed by India in this region. The demand for orthodontic retainers market in the Asia Pacific region is anticipated to grow at a noteworthy rate of growth over the estimated time period.
In the Latin American region, the thriving cosmetic industry in developing regions of the world, such as Brazil, is likely to open new growth opportunities for the players operating in the orthodontic retainers market in the near future. Ongoing innovation in the field of dentistry is considered to be one of the major factors likely to drive the expansion of the global orthodontic retainers market in the forthcoming years.
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Some of the key participants operating in the global orthodontic retainers market include DENLAB, Protec Dental, Ormco, Dentsply, 3M Unitek, and Henry Schein, among others.
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This report segments the global orthodontic retainers market as follows:
Global Orthodontic Retainers Market: Product Type Analysis
- Metal
- Ceramic
- Polymer Material
- Others
Global Orthodontic Retainers Market: End-User Analysis
- Adult
- Teen
- Kids
Global Orthodontic Retainers Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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