The Orthodontic Wax Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Orthodontic Wax Global Market Report 2024, The orthodontic wax market size has grown strongly in recent years. It will grow from $1.09 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increase in prevalence of malocclusion and orthodontic issues, growth in awareness of dental aesthetics, increase in favorable reimbursement policies, and expansion of dental clinics and orthodontists.
The orthodontic wax market size is expected to see strong growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing orthodontic market, increasing customization in dental products, rising consumer awareness and education, increasing healthcare infrastructure development, and rising regulatory compliance. Major trends in the forecast period include technological advancements in orthodontic materials and techniques, advancements in orthodontic treatments, development of low-toxicity orthodontic waxes, innovations in orthodontic wax formulations, and advancements in aesthetic orthodontic appliances.
The prevalence of dental issues is expected to propel the growth of the orthodontic wax market going forward. Dental issues encompass a range of problems that affect the teeth, gums, and overall oral health. The prevalence of dental issues is due to genetic factors, modern dietary habits, childhood oral habits, early loss or delayed eruption of teeth, chronic mouth breathing, increased awareness, and better access to dental care. Orthodontic wax is primarily used to alleviate discomfort caused by braces or other orthodontic appliances during dental issues by creating a barrier between these appliances and the sensitive tissues, reducing friction and preventing or soothing irritation. For instance, according to the National Board of Health and Welfare, a Sweden-based government agency, in 2023, approximately 3.94 million individuals aged 24 and older sought dental care, which includes 2.11 million women and 1.82 million men, marking a slight increase from 2022. Therefore, the increasing prevalence of dental issues is driving the Orthodontic Wax market.
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The orthodontic wax market covered in this report is segmented –
1) By Type: Beeswax, Carnauba Wax, Paraffin Wax
2) By Source: Natural, Synthetic
3) By End User: Hospitals, Homecare Settings, Dental Clinic
Major companies operating in the orthodontic wax market are focusing on developing innovative products, such as professional dispensing packs to enhance convenience and hygiene for orthodontic patients. Professional dispensing packs offer a convenient and cost-effective method for orthodontic and dental practices to distribute high-demand patient product samples. For instance, in July 2022, Doc Brands, Inc., a US-based consumer goods company, launched OrthoDots CLEAR and OrVance Retainer Cleaner in professional dispensing packs. OrthoDots CLEAR is a moisture-activated silicone dental wax alternative to relieve pain and irritation caused by braces, clear aligners, and other orthodontic appliances. OrVance Retainer Cleaner is a specialized product designed to thoroughly clean and maintain orthodontic retainers, aligners, and other dental appliances. It is ideal for those who want to keep their orthodontic appliances in top condition, ensuring both cleanliness and comfort during use.
The orthodontic wax market report table of contents includes:
1. Executive Summary
2. Orthodontic Wax Market Characteristics
3. Orthodontic Wax Market Trends And Strategies
4. Orthodontic Wax Market – Macro Economic Scenario
5. Global Orthodontic Wax Market Size and Growth
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32. Global Orthodontic Wax Market Competitive Benchmarking
33. Global Orthodontic Wax Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Orthodontic Wax Market
35. Orthodontic Wax Market Future Outlook and Potential Analysis
36. Appendix
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