The increasing level of acceptance and demand for clear aligners is amplifying the expansion of the market steadily. The benefits of clear aligners are multiplying the number of individuals who are opting for it. This is primarily due to the improving number of individuals electing for cosmetic dental procedures since the past few years. The market for clear aligners is expected to progress at a 20.80% CAGR while earning revenues worth USD 3982.30 Million in the duration of the forecast period. The evolution in terms of technology such as 3D printing, dental CAD software, and thermoforming machines is projected to transform the market favorably in the coming years.
The intensifying expansions witnessed in dental service organizations globally is forming a huge market share for clear aligners. The service delivery of these dental service organizations is a significant factor that is boosting the demand for clear aligners from various user groups globally. The soaring level of expenditure being directed towards healthcare is anticipated to create further scope for expansion of clear aligners. The advanced technology being adopted in various healthcare applications is expected to further add to the market’s expansion in the impending years. The spreading incidence of dental diseases and the growing preference for new treatment methods are estimated to have a substantial bearing in the clear aligners market worldwide. The proneness of the youth and older population to dental issues is expected to create a fairly stable demand for the market.
Furthermore, patients suffering from different dental alignment problems have also risen significantly, thus creating a sizable market segment for market growth. Also, the demand potential from the emerging economies around the world is projected to increase the progress of the clear aligners market in the approaching forecast period. However, the market for clear aligners can be hindered by factors such as the limitations involved in the use of clear aligners and the grey market for the distribution of clear aligners.Competitive Analysis
The contenders shaping the clear aligners market are Align Technology, Inc., Dentsply Sirona, Institut Straumann AG, Clarus Company, Danaher Corporation, and 3M. A large number of companies are functioning in this market space and are also consistently developing better product varieties. The expansion of the operating units of market players is anticipated to motivate the progress of the market in the upcoming forecast period.
Segmental Analysis
The Global Clear Aligners Market has been segmented on the basis of age, product type, distribution channel, and region. The segmentation of the market on the basis of types of products comprise of medium type, hard type, and soft type. The product-type based segment is projected to develop at a rate of 20.80% through the forecast period and is assessed to be valued at USD 3982.30 million by 2023. The segmentation of the global clear aligners market on the basis of age groups is carried out on the basis of teenager and adult. The adult segment has the largest market share in terms of value and is growing to reach the projected valuation of USD 2996.59 Mn by the end of 2023. While the teenager segment is anticipated to increase at the highest CAGR of 21.90% in the forecast period.On the basis of distribution channel, the market for clear aligners is segmented into laboratories, direct sales, and others. The direct sales channel accounted for a market share of 78% in 2017 and is projected to touch USD 3185.47million by the year 2023. The segment is assessed to record a CAGR of 21.28% through the forecast period.
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