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Clear Aligners Market OutlookAs per the research reports by MRFR, the global clear aligners market is projected to reach a valuation of over USD 7.41 Billion by 2027. The report further suggests that the market is anticipated to exhibit a robust CAGR of approximately 22.09% during the review timeframe from 2020 and 2027.
Clear aligners are gaining massive traction across the globe owing to the numerous beneficial features they offer. The global market for clear aligners has recorded enormous growth in the past few years, mainly due to the soaring incidences of dental alignment among teenagers and adults. Furthermore, factors such as the growing awareness levels among people regarding dental care, increased spending, the surge in innovative technologies, and growing beauty consciousness among women are also likely to impact the market's growth over the coming years positively. On the other hand, the factors such as the shortage of insurance coverage for orthodontic treatment, lack of skilled dentists in developing areas, and substantial costs of clear aligners can impede the market's growth over the forecasted era.
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Clear Aligners Market Segment Analysis
The global clear aligners market has been divided into various segments based on product type, channel, age, and region.
The global market for clear aligners is split into soft type, medium type, and hard type based on product type.
The global clear aligners market is divided into adult and teenagers by age.
The clear aligners market is fragmented into distributors and direct sales based on channel.
Clear Aligners Market Regional Analysis
The global clear aligners market is studied across four major regions, including the Americas, Asia-Pacific, Europe, and the Middle East & Africa.
The MRFR report suggests that the Americas region is projected to secure the top position in the global clear aligners market over the forecasted era. The regional market's growth is primarily attributed to the availability of an array of specialized services and the popularity of aesthetic dentistry. Furthermore, factors such as soaring demand for innovative technologies in the medical industry, massive number of world-renowned players, heavy R&D investments, the emerging new beauty trends, an array of treatment options available for teeth misalignment, mounting awareness among people about dental hygiene, and significant healthcare spending capacity per person are also likely to accelerate the growth of the regional clear aligners market over coming years.
The Asia-Pacific regional market for clear aligners is projected to record the highest growth over the forecasted era. The growth of the regional market is attributed to the factors such as the escalating disposable income per person, rise in technical developments in the healthcare industry, and rising government backing in several economies.
Clear Aligners Market Competitive Analysis
The global clear aligners market has an incredibly competitive landscape. The players across the global market are adopting advanced technologies such as digital 3D printers, CAD/CAM appliances, intraoral scans, and digital tooth set-ups to keep up with the intensifying competition in the global market for clear aligners. The list of leading players in the global clear aligners market includes 3M, Clarus Company, Dentsply Sirona, Danaher Corporation, Institut Straumann AG, Align Technology Inc., and several others.
Recent Developments
Candid, the groundbreaking clear aligner brand, has announced the closing of its direct-to-consumer business and a hard pivot into its B2B CandidPro service and all 45 of its Studio locations CandidPro is a frontline telehealth model, which orthodontists, DSOs, and dentists can use to treat clear aligner cases distantly, and vows to be a substantial revenue generator for dental practices.
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quip, famous for its ever-growing stable of modern dental care tools, is seeking ways to be your one-stop shop for all the dental requirements. Coupled with the rollout of their dental care network, the company will also begin providing clear aligners. They take some notes from their align-at-home competitors such as Smile Direct Club and Candid; they're also challenging well-known players in the field such as Invisalign with their hybrid model.
Pacific Dental Services® (PDS) and Envista Holdings Corporation have announced the expansion of their implant and commercial imaging relationship for five more years and the extension of the relationship to involve Envista's Spark clear aligners.
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