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Clear Aligner Market is valued at USD 2,950.0 Million in 2018 and expected to reach USD 6,047.8 Million by 2025 with CAGR of 10.8% over the forecast period.
Key Players -
The major players operating in the Clear Aligner market are Align Technology, Dentsply International, Inc., Straumann Group, Danaher Corporation, Henry Schein, 3M, SmileDirectClub, Geniova Technologies, and Others.
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Market Analysis of Clear Aligner-
Clear aligner is the orthodontic devices which are used to properly adjust the teeth alignment and position. Clear aligner is a dental brace which is transparent, made up of plastic and are easily removable. The well-known and widely used products are Clear Correct and Invisalign. Till 2017, there were more than 27 products available in the world. With the increasing development and innovation in the orthodontics, the field is likely to boost the clear aligners market. The importance of oral health has been growing due to increasing dental-related problems such as tooth decay, periodontal disease, throat cancer, mouth sores, chronic mouth & facial pain and others. According to the American Cancer Society, more than 50,000 people have an oral cavity, globally. The market is estimated to grow at a significant growth rate due to the increasing patient pool with dental-related problems and poor teeth alignment due to bad oral habits are likely to upsurge the market growth.
The rise in the per capita healthcare spending coupled with rising awareness among general population due to effective marketing and advertisement by major manufacturers operating in the market is likely to boost the adoption rate and is expected to drive the growth of the market. Moreover, increasing beauty standard with growing beauty industry has raised the demand for aesthetic enhancement especially among young age group population, which is likely to boost the market growth. However, certain challenges like lack of skilled dentists especially in the emerging countries, and unfavorable insurance are expected to hamper the growth of the market. Nowadays, the facial appearance maintenance has become a very important part of life due to rising digitalization and socials media platforms. To maintain the status the people are opting more for clear aligners over traditional braces to align their teeth position and alignments which has upsurge the market growth.
The regions covered in this Clear Aligner Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Clear Aligner is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Market Segmentation:-
By Product Type:
Soft Clear Aligner, Medium Clear Aligner, Hard Clear Aligner
By Distribution Channel:
Hospitals, Dental and/or Cosmetic Clinics, Others
Growing Fashion Industry and Increasing Merger and Acquisition are the Major Factors Driving Factors for the Growth of This Market
The key players are acquiring small and new market players to expand its product portfolio, geographical presence, and to distribute their products all over the world. This strategy has been adopted by a most major manufacturer and is likely to boost the growth of the market. Align Technology Inc. is one of the major market players and accounts for more than 80% of the market share in the global clear aligner market. Furthermore, technological advancements have shaped the for clear aligner market which is expected to gain huge popularity and high compliance rate in the coming years. The clear aligner is very economical treatment as compared to the painful traditional treatment procedure. The growth of the fashion and modeling industry has set the beauty standards which are very popular among youngsters. The young generations are the major target population and high revenue generation age group among others. In developing countries such as China and India, a high population density country which has the potential market opportunity lacks awareness and may restrict the growth of the market.
North America is expected to be the Most Prominent Market for the Clear Aligner.
Geographically, Clear Aligner Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. In North America, aesthetics plays an important role in the dentistry procedures which is likely to drive the growth of clear aligners market in the region. North America is expected to show fast growth rate due to rising healthcare spending and development of dental machines which has driven the cases of orthodontic treatments. The Asia-Pacific market is expected to show moderate growth due to low awareness among the population regarding new technology in the dentistry. The Latin America market is expected to show low growth due to lack of skilled dentist in the region.
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