Global Orthodontic Equipment and Consumables Market to Gain Impetus due to Increasing Corrective Treatments for Teeth
Orthodontics in dentistry is determined as a field of corrective treatment for various teeth irregularities with the help of several orthodontic equipment and consumables. The increasing demand for maintaining an appealing appearance has given rise to cosmetic dentistry, resulting in the growing demand for orthodontic equipment and consumables.
According to a market study published by Transparency Market Research (TMR), a market intelligence and research firm, the global market for orthodontic equipment and consumables stood at US$6.1 billion in 2013. Supported by a remarkable rise in orthodontics, the market is likely to expand at a CAGR of 8.8% during the period from 2014 to 2020 and a reach a market value of US$11 billion by the end of 2020.
3Shape, Danaher Corp., A-Dec, DENTSPLY International, Henry Schein, GC Corp., Midmark Corp., Septodont, Patterson Companies, Sirona Dental Systems, Zimmer Holdings, and Ultradent Products are the major players operating in the global orthodontic equipment and consumables market.
Browse Market Research Report of Orthodontic Equipment and Consumables Market: http://www.transparencymarketresearch.com/dental-orthodontic-supplies.html
Introduction of new equipment is the latest trend among orthodontic equipment and consumables market participants, alongside mergers and acquisitions. Here is a snapshot of the recent activities of the major companies in global orthodontic equipment and consumables market.
3Shape, one of the biggest firms functioning in the orthodontics equipment and consumables market, received the 2015 Pride Institute’s award for ‘Best of Class’ technology for its TRIOS 3 digital dental impression solution. The company has won this award for three consecutive years.
- The company, in collaboration with Planmeca, has created an integration, enabling users to import case information and digital impressions from the PlanScan intraoral scanner. The integration also permits 3Shape CAD/CAM users to generate the CAD design files to a PlanMill 40 milling machine in an integrated workflow. This move is expected to create dental curative treatment options as well as produce more business opportunities for the company.
Henry Schein, the biggest provider of healthcare products and services to office-based dental and medical practitioners in the world, has recently received the ‘Hispanic Dental Association (HDA) Corporate Award-2015’ for its commitment to provide access to oral healthcare facilities across the world.
- The firm has been granted a contract worth US$4.3 billion to upgrade the electronic health care records system of the U.S. military. Analysts have predicted that this contract will give a push to the company’s finances.
Browse Market Research Press Release of Orthodontic Equipment and Consumables Market: http://www.transparencymarketresearch.com/pressrelease/dental-orthodontic-supplies.htm
Midmark Corp., a U.S.-based orthodontic equipment manufacturer, has marked 2015 as a celebratory year in the honor of completing 100 years. The company started in 1915 in Ohio.
- The company partnered with Crosstex and held a promotional event for dental sterilizers in 2014. The promotion ran till June 2014 and offered dentists all-inclusive devices of high quality and with discounts ranging from US$300 to US$700, while providing education on proper sterilization and patient safety through the ‘Crosstex Compliance Essentials Kit’ and ‘CE course’. This move was initiated to help business expansion.
Apart from this, many companies in the orthodontics equipment and consumables market are getting increasingly involved into research and development activities as a part of their portfolio expansion. These companies are focusing on the development of innovative products by assigning significant amounts of their annual revenue to R&D activities. One of the best examples of this is Sirona Dental Systems, which has invested almost US$60 million for R&D of novel orthodontic equipment.