MRFR (Market Research Future) believes that the clear aligners market will continue to soar at a terrific rate of 20.80% between 2020 and 2027 (analysis period). MRFR also expects the market size to touch USD 7019.96 million by the year 2025.
Primary Boosters and Challenges
Clear aligners are discreet and invisible braces made of thermoformed materials such as copolyester plastic using the CAD 3D printing technology. They are increasingly being preferred over traditional braces. Clear aligners help position the teeth by virtue of consistent gentle force and help with the treatment of mild to severe malocclusion. The world health organization identifies malocclusion as the third leading cause of dental disease, behind periodontal disease and dental caries worldwide. Escalating cases of this condition across the globe has been bolstering the sales of clear aligners as well as the market growth.
Increasing focus on aesthetics combined with the amplified demand for technically sophisticated tools in orthodontic treatment should enhance the global share of the clear aligners market. Also, rapid technological upgradations, developing economic indicators, and the global companies looking for opportunities in emerging countries can elevate the market value during the evaluation period.
The global market is fiercely competitive and is marked with the frequent launch of new clear aligners with better features. Players also focus on expanding their production capacity to improve their rankings. A huge number of industry participants are adopting strategic partnerships to foster their geographical presence and create brand awareness in emerging regions such as India and China.
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Clear aligners market has been dissected in terms of product type, age, and distribution channel.
Product types studied in the MRFR report include soft, hard as well as medium.
Age-based segments are teenager and adult. Teenagers form the leading segment in the global market and had touched a valuation of USD 1427.98 million in the year 2018.
Some of the major distribution channels covered in the market study are direct sales as well as distributor.
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Clear aligners industry has been regionally considered for Europe, Asia Pacific or APAC, MEA/Middle East and Africa and the Americas.
The American market is set to make the most compelling progress in the years ahead to take the lead, owing to the presence of a thriving aesthetic dentistry sector combined with the surging popularity of specialized services across Canada and the US. Soaring healthcare expenditure per individual and the heightened demand for more modern and advanced technologies have also been favorable for the American market. Over the years, the preference for customized clear aligners has risen considerably, particularly among teenagers. To illustrate, following the FDA approval, Invisalign clear aligners designed by Align Technology, have successfully created a huge demand and have been deployed during treatments of close to 5.0 million Americans since 2018. Up until now, more than 1.0 million teenagers in the region are undergoing orthodontic treatment and prefer braces that are esthetically pleasing, which has fostered the demand for clear aligners in the region.
Europe is the second most attractive market for clear aligners, as a result of the surge in oral issues and dental procedures. Surging adoption of technically advanced treatment techniques and the rising importance of diagnosis, treatment and planning in the implant dentistry segment should enhance the market size in the region over the following years.
APAC is rife with several lucrative opportunities for the global companies, in view of the rapidly emerging countries with equally rapidly developing healthcare industries. Prominent advancements in the healthcare industry, substantial increase in the disposable income and the rising uptake of modern technologies in dental treatment are the top growth boosters in the APAC market. Besides, emerging beauty standards in line with the expanding beauty industry have boosted the preference for aesthetic enhancement, especially among the youth and can ultimately lead to robust growth in the future.
Affluent firms in the global market include Clarus Company, 3M, Institute Straumann AG, Align Technology Inc., Dentsply Sirona, Danaher Corporation, to mention a few.
uLab Systems, developer of uSmile Clear Aligners have been given the go ahead by Health Canada for its uSmile Clear Aligners and uDesign treatment planning software, targeted at the orthodontist community in Canada. These products are expected to be available in the country by April-end. With the new launch, the company aims to assist Canadian orthodontists by streamlining treatment processes, bring down the costs and have a higher control over their aligner business.