Clear Aligners Market Size, Share, Market Trends, Business Revenue Forecast Statistics and Growth Prospective
Market Synopsis
As per the Market Research Future Reports (MRFR) findings, the global clear aligners market size is estimated to witness a CAGR of 20.09%, holding a market value of USD 7019.96 million by the end of 2027.
The growth witnessed in dental service organizations has resulted in a huge market share for clear aligners. The delivery service is the most crucial factor positively influencing the demand for clear aligners from various groups. The number of patients suffering from various dental alignment problems have risen, and thereby creating a demand for clear aligners. The developing countries are the major sources of demand, which is estimated to boost the clear aligners market in the forthcoming period. Further, the increasing preference for efficient treatment methods is estimated to have a substantial impact on the market growth. The increasing incidence of dental problems among the young and the geriatric population is estimated to propel the market further. However, the limitations of clear aligners and grey market are estimated to make hurdles in the market expansion. But, the innovation and the technical development, is estimated to counter the market.
The disruption of COVID-19 has brought major impact on the healthcare sector. Clear aligners market size has been affected negatively. The pandemic disturbed the production cycle significantly. Further, several events associated with clear aligners were suspended to contain the expansion. However, the companies are estimated to witness a boom in production in order to meet the demands of the patients who have been on hold due to the outbreak of COVID-19.
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Market Segmentation
The segment analysis of the clear aligners market is performed by age, distribution channel, product type, and region.
The age-based segment of the clear aligners market are teenager and adult
The distribution channel based segment of the clear aligners market are direct sales and distributor
The product type based segment of the clear aligners market are hard, medium, and soft.
The region-based segment of the clear aligners market are the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Regional Analysis
The MRFR evaluation comprises of details of key regions, which are, Europe, Asia-Pacific, Americas, and the Middle East & Africa. As per the study, the global market is projected to be led by the Americas owing to the specialized services offered and aesthetic dentistry in the North American countries. The demand for an advanced method is further expanding the regional market.
Europe is the second-largest market owing to the increased demand for dental methods. The region is witnessing a rise in awareness about the importance of treatment, and the increased incidence of oral problems, and thereby, boosting the regional market significantly.
The APAC region is expected to witness a bright scope of market expansion owing to the presence of fastest-expanding economies of the world, India and China. Further, the rise in disposable income, along with the rapid development of the healthcare sector is estimated to stimulate the regional market.
The MEA is estimated to procure the least amount of market share owing to the presence of low economies and limited economic development. However, the demand for an efficient treatment is estimated to develop the regional market.
The spread of COVID-19 has caused disturbances in the clear aligners market size. However, the APAC region is expected to resume the service due to the improved situation. The North America and Europe are expected to steadily resume the service as per the guidelines.
Key Players
Dentsply Sirona, Align Technology, Inc., Institut Straumann AG, Danaher Corporation, Clarus Company, and 3M, are some of the reputed players of the global clear aligners market
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