Overall sales of orthodontic wax are expected to reach nearly US$ 2 billion by 2032, growing at a CAGR of around 5% – 6% during the forecast period (2022 to 2032).
Orthodontic wax is applied to the cheeks, gums, and dental braces to prevent friction. It’s made from natural ingredients like paraffin, beeswax, and carnauba. Growing demand for plant-based wax is expected to drive market growth.
Analysts at FMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.
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Impact of COVID-19 on Orthodontic Wax Market
The unforeseen outbreak of COVID-19, which swiftly metamorphosed into the pandemic of unexpected proportions, has shifted the world’s focus towards the healthcare sector. National governments are closely working with healthcare institutions and pharmaceutical companies to provide effective treatment to patients suffering with the infection. As a result, there has been a reorientation of medical priorities across healthcare institutions with treatment for COVID-19 patients being the utmost priority. This is sure to impact the growth of the Orthodontic Wax market through the pandemic period.
FMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Orthodontic Wax market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Orthodontic Wax Market: Segmentation
To simply the gargantuan study, the report is segregated on the basis of different segments.
By Product Type:
- Beeswax
- Paraffin Wax
- Carnauba Wax
By End Use:
- Hospitals
- Dental Clinics
- Homecare Settings
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers and restraints.
Orthodontic Wax Market: Competition Analysis
The study bestows valuable insights into the competitive landscape of the global Orthodontic Wax market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply-side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include
- Colgate-Palmolive Company
- Pyrex Polymars
- Metrodent Ltd.
- DWS Systems
- Bilkim Ltd
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Key Questions Answered in FMI’s Orthodontic Wax Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factor propelling the demand for Orthodontic Wax during the forecast period?
- How current socio-economic trends will impact the Orthodontic Wax market?
- What are the growth strategies implemented by prominent players in the Orthodontic Wax market to maintain their foothold in the competitive landscape?
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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