Orthodontics Market Forecast, 2018-2025
The global orthodontics market was valued $XX billion in 2017, and is expected to reach $XX billion by 2025, growing at a CAGR of XX% during the forecast period, 2018-2025.
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The growth can be attributed to the rising prevalence of malocclusions, surge in dental tourism, and emergence of technologically advanced products in the orthodontics market, among others. Further, factors such as government initiatives to standardize the oral care system with favorable reimbursement policies, huge population base, and increasing dental and orthodontic expenditure in the emerging countries, such as China, India, South Korea, and Australia and New Zealand, are propelling the growth of the orthodontics market in the Asia Pacific region, growing at the highest CAGR of XX% during the forecast period 2018-2025.
- The global orthodontics market is anticipated to grow at a CAGR of 7.5% in the forecast period 2018-2025.
- Several factors, such as increasing prevalence of malocclusion among the teenage group, emergence of technological advanced products, and increasing purchasing capacity of the patients are the major forcesdriving the growth of the global orthodontics market.
- However, factors, such as high treatment cost, rising concern associated with the treatment options, different policies, regulations, and control systems in different regions, are the major obstacles in the growth of the global orthodontics market.
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