Opportunities In The Orthodontic Supplies Market

CITY, Country, 2019-Oct-11 — /EPR Network/ —

The global orthodontic supplies market is projected to reach USD 6.63 billion by 2023 from USD 3.99 billion in 2017, at a CAGR of 8.9% during the forecast period.

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How will the emerging markets across the APAC and RoW provide opportunities for players in the orthodontic supplies market?

Emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities for players in the orthodontic supplies market. Growth in these markets can be attributed to the presence of a large patient population, rising disposable incomes among the middle-class population, and increasing focus of public and private organizations on increasing the awareness about orthodontic treatments and dental hygiene. Also, developments in the healthcare infrastructure, growing healthcare expenditure, and the low procedural cost of orthodontic treatments in countries such as Brazil and Mexico are further supporting growth in these markets. Considering the improving healthcare infrastructure and low cost of treatments in these markets, many people are traveling to these countries from developed countries (where the cost of orthodontic treatment is very high) for undergoing orthodontic procedures.

To leverage the significant growth opportunities in emerging countries, players are increasingly focusing on undertaking strategic developments to increase their presence in these markets.

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