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Global Orthodontic Supplies Market to Reach $8.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Orthodontic Supplies estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$8.2 Billion by 2026, growing at a CAGR of 7.4% over the analysis period.
Fixed Braces, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$3.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Removable Braces segment is readjusted to a revised 10% CAGR for the next 7-year period. This segment currently accounts for a 40.5% share of the global Orthodontic Supplies market.
Patient volumes were uneven in 2020, and a new report shows volumes will likely remain below pre-pandemic levels in 2021. This indicates challenges for hospitals looking to stabilize their finances but there are some key strategies that can help.