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US Orthodontics Market to Touch USD 6.17 Billion by 2028 | Market Size, Share, Growth, Revenue, Forecasts, & Trends Analysis Report with COVID-19 Impact by Fortune Business Insights™

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Pune, India, Nov. 02, 2021 (GLOBE NEWSWIRE) — The US Orthodontics Market size is projected to reach USD 6.17 billion by 2028, exhibiting a CAGR of 16.4% during the forecast period. The value of the market was estimated to stand at USD 1.82 billion in 2020 and is anticipated to touch USD 2.14 billion in 2021, shares Fortune Business Insightsin its report, titled “US Orthodontics Market, 2021-2028”.

Introduction of Innovative Clear Aligners to Boost the Market

Clear aligners are currently commanding soaring popularity among teenagers and young adults in the US, as these devices are inconspicuous and enhance dental aesthetics. Acknowledging this, several orthodontic companies in the US are strategically launching novel clear aligner solutions to gain a wider spectrum of customers. For example, in October 2020, California-based Align Technology Invisalign G8, the company’s latest biomechanics-based clear aligner product, powered by its proprietary SmartForce Aligner Activation. With this technology, dentists can better predict common orthodontic issues, as well as improve tooth movement in patients. Another innovation in this context is SmileDirectClub’s Nighttime Clear Aligners, the first-ever aligner system that straightens teeth while sleeping, which was launched in June 2019. The development of such path-breaking dental solutions is rapidly augmenting the potential of this market.

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Industry Development

  • January 2021: Candid and Carbon inked a breakthrough agreement to create 3D-printed orthodontic solutions. Under the collaboration, Carbon will leverage the competency of its L1 printers to produce Candid Pro, Candid’s orthodontics-as-a-service clear aligner therapy made available exclusively through doctors.

COVID-19 Impact

The outbreak of the COVID-19 pandemic has led to a sharp downturn in the US Orthodontics Market growth due to the tumbling demand for non-essential treatments. Moreover, the imposition of stringent lockdowns and social distancing measures has forced several specialty clinics and dental facilities to shut shop. Together, this drastic turn of events resulted in a steep decline of -8.3% in the market’s growth rate in 2020.

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 16.4%
2028 Value Projection USD 6.17 Billion
Base Year 2020
Market Size in 2021 USD 2.14 Billion
Historical Data for 2017 to 2019
No. of Pages 135
Segments covered Types, end-Users and Geography
Growth Drivers Decline in Demand for Non-Essential Treatments to Hinder Market Growth amid COVID-19
Increasing Usage of Artificial Intelligence and Machine Learning to Boost the Market
Rising Number of Adults Seeking Treatment in the U.S. to Fuel the Market

For more information in the analysis of this report, visit:

https://www.fortunebusinessinsights.com/u-s-orthodontics-market-104039

Segmentation

On the basis of type, the market’s segments include traditional metal braces, ceramic braces, lingual braces, and clear aligners. Among these, the clear aligners segment comprehensively dominated the US Orthodontics Market share at 70.6% in 2020.

Based on age group, the market is bifurcated into adults and teenagers. By end-user, the market is segregated into clinics and hospitals.

Highlights of the Report

The report provides a worm’s eye-view analysis of the various factors driving and constraining the market, along with a panoramic overview of the current industry outlook and trends. Besides this, the report contains a granular examination of all market segments and supplies a comprehensive evaluation of the regional developments and competitive dynamics of the market.

Driving Factors

Increasing Availability of Invisible Braces to Foster Market Growth

Fashionable and providing efficient dental care, invisible braces are shaping the current trends in this industry. The growing preference for these dental care solutions has encouraged some of the leading companies in this domain to engineer next-generation products and entrench their market position, resulting in increasing availability of incredible invisible braces in the US market. For example, Byte invisible aligners deliver the fastest treatment time of just two to four months, provided that the patient wears the braces for 22 hours per day and uses the company’s flagship HyperByte device. On the other hand, Candid makes available its aligner solutions only through orthodontists, who review the patient’s condition and the company designs the device accordingly. Another example is ClearCorrect aligners, which are built to cover the patient’s gums to minimize or possibly remove the need for attachment mechanisms. With the prevalence of malocclusion and teeth misalignment increasing in the US, the adoption of such braces and similar dental care solutions is likely to expand in the country over the next few years.

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Strategic Production Partnerships to Characterize Market Competition

Key players in this market are engaging in meaningful partnerships to ramp up their production capabilities to serve the growing dental care requirements of patients across the US. In addition to this, companies are making promising progress in the development of inventive aligners and braces, in a bid to gain a firmer foothold in the market and broaden their business horizons.

List of Key Players Covered in this Market Report

    • Great Lakes Dental Technologies (Tonawanda, U.S.)
    • AMERICAN ORTHODONTICS (Sheboygan, Wisconsin, U.S.)
    • Henry Schein, Inc. (Melville, New York, U.S.)
    • Institut Straumann AG (Basel, Switzerland)
    • Align Technology, Inc. (San Jose, U.S.)
    • DB Orthodontics (Silsden, U.K.)
    • ENVISTA HOLDINGS CORPORATION (Ormco Corporation) (Brea, U.S.)
    • Dentsply Sirona (York, Pennsylvania, U.S.)
    • 3M (Saint Paul, Minnesota, U.S.) 

Speak To Our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/u-s-orthodontics-market-104039

Detail Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    •  Number of Dentists and Orthodontists in USA
    •  Number of Orthodontic Procedures in USA
    •  Impact of COVID-19 on US Orthodontics Market
    •  Prevalence of Dental Malocclusion in the U.S. (2020)
    •  Pricing Analysis
    •  Reimbursement Scenario
    •  Brand Analysis
    •  Technological Developments in Dental Braces
    •  Key Industry Developments (Mergers, Acquisitions and Partnerships)
  • US Orthodontics Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      •  Traditional Metal Braces
      •  Ceramic Braces
      •  Lingual Braces
      •  Clear Aligners
    •  Market Analysis, Insights and Forecast – By Age Group
      •  Adult
      •  Teenager
    • Market Analysis, Insights and Forecast – By End User
      •  Clinics
      •  Hospitals
  • Competitive Analysis
    • U.S. Market Share Analysis (2020)
      •  U.S. Clear Aligners Market Share Analysis (%), By Company, 2020 (Revenues and Units)
      •  U.S. Braces Market Share Analysis (%), By Company, 2020 (Revenues and Units)
    • Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
      •  Align Technology, Inc.
      •  3M
      •  Institut Straumann AG
      •  Dentsply Sirona
      •  Henry Schein, Inc.
      •  ENVISTA HOLDINGS CORPORATION (Ormco Corporation)
      •  AMERICAN ORTHODONTICS
      •  DB Orthodontics
      •  Great Lakes Dental Technologies (Great Lakes Orthodontics)

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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