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. —
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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.
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.
The global clear aligners market is segmented on the basis of product type, age, distribution channel, and region.
By product type, the global clear aligners market is segmented into hard, medium, and soft clear aligners. Hard clear aligners are the popular market segment and are likely to exhibit the fastest growth over the forecast period at a CAGR of 21.04%.
By age, the clear aligner market is divided into adult and teenagers. The adult segment holds the larger market share and is likely to rise to a valuation of USD 2,996.59 million over the forecast period from 2018 to 2023.
By distribution channel, the global clear aligners market is segmented into direct sales, laboratories, and others. Direct sales accounted for 78% of the global clear aligners market in 2017 and are likely to account for the dominant market share over the forecast period, rising to a value of USD 3,185.47 million by the end of the forecast period.
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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