USD 10.04 Billion Global Clear Aligners Market During 2021-2028 | Fortune Business Insights
Posted on Aug 11 2022 6:29 AM
"Clear Aligners Market Development Strategy, Key Players, Competitive Landscape, Dynamics, competitive share analysis, CAGR, Size, Industry Share"
The global ”clear aligners Market” size is expected to showcase considerable growth by reaching USD 10.04 billion by 2028 while exhibiting a stellar CAGR of 19.7% between 2022 and 2028. Fortune Business Insights in its latest report, titled, “Clear Aligners Market, 2022-2028”, mentions that the market stood at USD 2.41 billion in 2020 and is likely to showcase exponential growth during the forecast period. This is attributable to the increasing focus on the development of advanced clear aligners and the growing demand for aesthetics among the young generation globally. In September 2020, Align Technology, Inc., announced the launch of Invisalign Stickables. The innovative stickers are designed primarily to be adopted with the SmartTrack material in the clear dental aligners.
The effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in resumption of industrial activities.
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Increasing Prevalence of Dental Malocclusion to Favor Growth
According to an article published by the European Journal of Pediatric Dentistry, around 25% to 35% of teenagers in Europe suffer from malocclusion or misalignment of the teeth. The increasing prevalence of dental malocclusion is expected to boost the adoption of advanced clear aligners that effectively treat the condition globally. Additionally, the increasing focus on addressing the unmet needs of patients that include high costs associated with dental procedures and formulation of supportive policies for dental treatments is expected to bode well for the global clear aligners market growth during the forecast period.
Major Clear Aligners Market Key players covered in the report include:
- Align Technology, Inc. (San Jose, U.S.)
- 3M (Maplewood), U.S.)
- Institut Straumann AG (Basel, Switzerland)
- Ormco Corporation (Envista) (Brea, U.S.)
- 3Shape A/S (Copenhagen, Denmark)
- Dentsply Sirona (York, U.S.)
- Argen Corporation (San Diego, U.S.)
- Henry Schein, Inc. (Melville, U.S.)
We have categorized the global market for clear aligners based on patient age group, end-user, and region. On the basis of the patient age group, the market is segmented into teenagers and adults. Based on end-user, the market is categorized into hospitals and dental & orthodontic clinics. Furthermore, based on end-users, the dental & orthodontic clinics segment is expected to showcase exponential growth backed by the increasing prevalence of malocclusion disorder globally.
Lastly, based on the region, the market is divided into North America, Asia-Pacific, Europe, and Rest of the World.
Increasing Focus on Under-Penetrated Region to Augment Growth
The Middle East and Africa and other emerging economies are still untapped and present lucrative opportunities for the market players to strengthen their position. In addition to this, supportive government initiatives to create awareness among the population regarding oral health is driving the demand for advanced clear aligners across the globe. This is expected to bode well for the global clear aligners market growth in the forthcoming years.
North America – The region stood at USD 1.41 billion in 2020 and is expected to hold the largest global clear aligners market share in terms of revenue during the forecast period. This is ascribable to factors such as the strong demand for invisible orthodontics due to the increasing awareness among the young population of these products in the region.
Europe – The region is expected to hold the second position in the market during the forecast period. This is attributed to the increasing awareness regarding the availability of advanced clear aligners products in the region between 2022 and 2028.
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Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of Technological Advancements - Clear Aligners Treatment
- Prevalence of Dental Malocclusion: Key Countries, 2018
- Pricing Analysis
- Overview on Reimbursement Scenario – Orthodontics Treatment
- Overview on Reimbursement Scenario – Clear Aligners
- Key Industry Developments - Mergers, Partnerships, & Acquisitions
- Brand Analysis
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