Market
Research Future (MRFR) collected data on several factors including implications
of covid-19 impact on microbiome sequencing services market and demographic
challenges, showed how it could move forward in the coming years.
Global Clear
Aligners Market size is
expected to register 20.80% CAGR and is anticipated to
reach USD 7019.96 Million by 2025.
Clear aligners
are an alternative to traditional braces and are designed to help arrange teeth
into their proper position. Similar to braces, clear aligners use a gradual
force to control the tooth movement, but without metal wires or brackets. The
aligners are made of a durable plastic material and are fabricated to fit each
individual's mouth.
Global clear
aligners market share is driven by the increase in youth and geriatric
population, growing dental service organizations, increase in dental
procedures, and the rising prevalence of dental diseases. However, factors such
as complications of clear aligners and the gray market for dental distribution
are expected to restrict market growth during the forecast period.
Impact of Covid-19 Global Clear
Aligners Market
The COVID-19 epidemic has been
straining healthcare workflow across the globe. The disease has forced various
industries to temporary shut its doors including many healthcare subdomains.
Clear aligners have been one of the major markets that has been negatively
impacted by COVID-19. The production for clear aligners has been disrupted
across the globe. COVID-19 has forced various dentists to slash their services
and staff resulting in delay in large number of appointments which is leading
to increasing complications. Also, various events with respect to dental and
clear aligners have been suspended. These events were supposed to be conducted
in accordance to increase awareness and improve revenue for clear aligners. The
company exocad, recently acquired by Align Technology, announced that its
Insights 2020 event would be delayed to September 2020. Furthermore, the third
congress of the European Aligner Society, which was supposed to be held in
Malta from 19 to 21 March 2020, has been shifted to November 2020. The aim of
this event was to introduce advances in technologies and techniques in aligner
orthodontics and also major opportunity for various large manufacturers to
enter into strategic alliances.
The company Align Technology, one of
the leading players, accounts for more than 70% of the market share across the
globe is also facing challenges in generating revenue due to COVID-19. In
March, the company’s stock fell down by 20%. The analysis shows that the major
reason for this was the lockdown in China where the company generated 8% of its
entire revenue. The outcome of this lockdown is expected a $30 million to $35
million hit on revenue for the first quarter alone.
We have
observed the massive impact of novel coronavirus on people’s lives over the
last five months. It has also impacted various industries across the globe,
eventually affecting the global economy. Some industries have experienced
negative growth, whereas some industries have experienced tremendous demand and
have generated massive revenues in this period. Covid 19 Impact on Clear Aligners market is the one of the
positive impact sector on global industry
Clear Aligners
Market Dynamics
The increasing
expenditure on healthcare has minimized human efforts and increased the quality
of patient care services. Moreover, the development of advanced technology in
the healthcare industry has improved and provided many facilities to patients
as per their needs, driving the growth of the global clear aligners market. For
instance, according to the Official Portal of the UAE Government, approximately
AED 3.83 billion (USD 1.00 billion) was allocated to the healthcare sector
in 2015 in the UAE. Following the same course, AED 4.2 billion
(USD 1.099 billion) was allocated for the healthcare and protection society in
2017.
Moreover, the
growing youth and geriatric population, increasing prevalence of dental
diseases, and technological advancements in dentistry are also expected to
provide favorable conditions to the growth of the market during the forecast
period.
However, the
limitations of clear aligners and grey market for dental distribution are
creating hurdles in the growth of the global clear aligners market.
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.
Clear Aligners
Market Key Players
The prominent
players in the global clear aligners market are Align
Technology, Inc., Dentsply Sirona, Institut Straumann AG, Clarus Company,
Danaher Corporation, and 3M.
Some of the
key strategies followed by the players operating in the global clear
aligners market were innovation, product development, acquisition, and
expansion.
Regional
Analysis
Global clear
aligners market, based on region, is segmented into– the Americas, Europe,
Asia-Pacific, and the Middle East and Africa.
The Americas
is expected to command the largest market share due to aesthetic dentistry and
other vast specialized services present in countries of North America.
Additionally, the rising health expenditure per person and increasing demand
for advanced technologies are driving the growth of the clear aligners market
in these countries. Additionally, the presence of a large number of noticeable
players in this region is the major driving factor of the market in the
Americas.
Europe
accounts for the second-largest market, majorly due to the soaring demand for
dental procedures. Additionally, the increasing incidences of oral problems,
vast application of technologically advanced techniques, and the growing
importance of treatment, planning, and diagnosis in implant dentistry in
European countries are driving the clear aligners market in Europe.
Asia-Pacific
with lots of opportunities and continuously growing economies is expected to be
the fastest-growing region. Furthermore, recent developments in healthcare and
improving economies and disposable income per individual are fueling market
growth.
The Middle
East & Africa is expected to grow significantly during the forecast period
due to the increasing cases of dental abnormalities and the demand for better
teeth-related treatments in the region.