Clear aligners market size is expected to register 22.09% CAGR by 2027
Clear Aligners Market Research Report: Information By Product Type (Hard, Medium and Soft), By Age (Adult and Teenager), By Distribution Channel (Direct Sales and Laboratories) - Forecast till 2027
The global clear aligners market is expected to exhibit a robust CAGR of 20.80% over the forecast period from 2018 to 2023, according to the latest market research report from Market Research Future (MRFR). The global clear aligners market is driven mainly by the growing demand for dental corrective measures that don’t spoil the visual aesthetics of the individual’s face. Conventional braces can be an eyesore due to their distinctive appearance. The clear aligners market has been driven primarily by the growing recognition of this problem by the medical community, which has led to extensive product innovation efforts to come up with relevant solutions.
The increasing need for dental corrective tools around the world is likely to be a major driver for the global clear aligners market over the forecast period. Growing prevalence of dental alignment problems is likely to be a major driver for the clear aligners market over the forecast period. The dentistry field has grown exponentially in the last few years due to the growing demand for dental procedures and the increasing disposable income of consumers, which has led to a corresponding increase in demand for more advanced, more sophisticated methods and tools for dental corrective procedures. Rapid product innovation is likely to be a major driver for the global clear aligners market over the forecast period due to the need for developing stronger and more comfortable clear aligner products that can get the job done without making it painful or uncomfortable for the patient.
The growing incorporation of dental procedures in health insurance policies is also likely to drive the global clear aligners market over the forecast period, as dental procedures have conventionally been left out of healthcare plans and are only now starting to get included in wide-ranging healthcare policies due to the growing awareness about their utility and need.
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Competitive Analysis:
Leading players in the global clear aligners market include Institut Straumann AG, Align Technology Inc., Clarus, Dentsply Sirona, Danaher Corporation, and 3M. Acquisition of smaller market players in order to expand one’s market presence is a popular tactic in the global clear aligners market and is likely to remain highly popular over the forecast period due to the potential of the strategy in terms of adding to a company’s product portfolio as well as geographical presence. Acquiring or merging with smaller players in emerging regions is likely to remain a popular competitive strategy for players in the global clear aligners market over the forecast period. Align Technology Inc. is the leading market player and accounts for more than 80% of the market. The company’s dominance is due to its widespread geographical coverage, including North America, Europe, Latin America, as well as parts of the Middle East and Africa.
In February 2019, Ormco Corp. launched SmartArch, an advanced archwire product, and gave the first glimpse of its Spark clear aligner, which is expected to be launched in 2019.
Segmentation:
The global clear aligners market has been segmented into product type, age, distribution channel, and region.
Based on product type, the global market has been segmented into hard, medium, and soft.
Based on age, the global market has been divided into teenager and adult. The teenager segment is likely to hold the maximum share in the global market with a value of 1427.98 million in 2018.
Based on distribution channel, the global market has been divided into direct sales and distributor.
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Regional Analysis:
The Americas segment holds the largest share in the global clear aligners market and is likely to rise to a valuation of USD 2,161.22 million by the end of the forecast period. The growing importance of aesthetics in dentistry procedures in North America is likely to be a major driver for the clear aligners market in the region over the forecast period.
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