Market Research Future (MRFR) has published on the “Global Clear Aligners Market”.
Clear aligners market is estimated to register a CAGR of 19.73% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global clear aligners market— Align Technology Inc. (California, US), Dentsply Sirona (Pennsylvania, US), Institute Straumann (Basel, Switzerland), Clarus Company (Egypt), 3M (North Carolina, US), Envista Holdings Corporation (California, US), DynaFlex (Missouri, US), SCHEU-Dental GmbH (Missouri, Germany), Argen Corporation (California, US), Henry Schein, Inc. (Melville, New York, US).
Clear Aligners Market Highlights
The global clear aligners market is accounted to register a CAGR of 19.73% during the forecast period and is estimated to reach USD 13.68 billion by 2032.
Rapid changes in lifestyle and eating habits in the social system over the last few years have accelerated the spread of dental ailments. The growing prevalence of dental diseases and the rising preference for new treatment methods have fueled the market for clear aligners worldwide. According to World Population Prospects 2019 (United Nations, 2019), by 2050, 1 in 6 people in the world will be over the age of 65, up from 1 in 11 in 2019. In addition, as per WHO, the world’s population aged over 60 years will nearly double from the current rate of 12% to 22% by 2050.Moreover, according to the United Nations, around 1.2 billion youth aged 15 to 24 years are present globally. Additionally, the United Nations stated that this number is projected to grow by 7% by 2030. This rising youth and older population requiring clear aligners are likely to drive the market as these youth and the older population are highly prone to dental issues.
Increasing healthcare expenditure and rising prevalence of dental diseases are propelling the market growth. However, limitations of clear aligners are expected to hamper the growth of the global market. Nevertheless, collaborations of major players with small players are projected to create lucrative opportunities for market players.
Segment Analysis
The global clear aligners market has been segmented based on type, age, distribution channel.
On the basis of type, the global clear aligners market is segmented into hard type, medium type, and soft type. The hard type of segment was attributed to holding the largest market share in 2022 revenue as estimated by MRFR analysts. This is due to the effective and smooth alignment of teeth, the advent of escalating dental diseases, easy removal, and natural appearance is expected to drive the growth of this segment.
Based on age, the global clear aligners market is segmented into adult and teenager. The adult segment was expected to hold the largest market share in 2022. The is due to the rising concern for dental appearance observed in the adolescent population which is expected to drive the growth of this segment.
On the basis of the distribution channel, the market is segmented into direct sales and distributor. The direct sales segment is projected to have the largest market share during the forecast period.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Clear Aligners Market Research Report
Regional Analysis
The global clear aligners market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe clear aligners market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The clear aligners market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world’s clear aligners market comprises of Middle East, Africa, and Latin America.
Rising health expenditure per person and increasing demand for advanced technologies are driving the growth of the clear aligners market in North America. Furthermore, the presence of a large number of noticeable players such as Align Technology, Inc. (US), Dentsply Sirona (US), Danaher Corporation (US), and 3M (US) in this region is the major driving factor of the market.
Moreover, the Europe market has been persistently growing owing to the soaring demand for dental procedures and high acceptance by dental professionals in the region.
Additionally, the high prevalence of dental diseases such as dental caries and presence of rapidly developing economies of China, India, and South Korea is expected to drive the market growth.
Furthermore, the rest of the world's clear aligners market is divided into the Middle East, Africa, and Latin America. The major factors driving the growth of clear aligners market in the region are the owing to the presence of countries such as Egypt and Saudi Arabia.
The clear aligners market experienced a descent growth rate due to COVID-19. As it has shut various dentists' services that are leading to increased complications. However, the market has bounced back to its original growth rate by the end of 2022 and is expected to continue during the analysis period mainly due to rising non-invasive procedures.
Key Findings of the Study
- The global clear aligners market is expected to reach USD 13.68 billion by 2032, at a CAGR of 19.73% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market, owing to the presence of rapidly developing economies, and increasing healthcare expenditure in the Asia-Pacific region.
- Based on type, the hard type of segment was attributed to holding the largest market in 2022.
- Align Technology Inc. (California, US), Dentsply Sirona (Pennsylvania, US), Institute Straumann (Basel, Switzerland), Clarus Company (Egypt), 3M (North Carolina, US), Envista Holdings Corporation (California, US), DynaFlex (Missouri, US), SCHEU-Dental GmbH (Missouri, Germany), Argen Corporation (California, US), Henry Schein, Inc. (Melville, New York, US) are the key market players.
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Companies Covered | 15 |
Pages | 110 |
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