Global Clear Aligners Market Research Report: Information By Product Type (Hard, Medium and Soft), By Age (Adult and Teenager), By Distribution Channel (Direct Sales and Laboratories) - Forecast till 2027
ID: MRFR/HC/5509-CR | August 2019 | Region: Global | 161 pages
Market Overview
Market Research Future (MRFR) anticipates the market for clear aligners to make substantial progress at a rate of 20.80% between 2016 and 2025 (evaluation period). The global market is touted to reach USD 3982.30 Million by the end of the review period.
COVID-19 Analysis
The COVID-19 outbreak has had a detrimental impact on the clear aligners industry, with the temporary shutdown of manufacturing facilities and weakened demand. With the primary focus on curbing the spread of SARS-CoV-2 among the healthcare workers, players in the global market for clear aligners are concentrating on fostering their supply chains and accelerating their operations to curb further revenue losses. Additionally, with the gradual lifting up of the lockdown across countries and the novel coronavirus under control, the global market can recover faster in the coming years, expect MRFR experts.
Market Dynamics
Drivers
Growing Beauty Conscious among Women to be a Key Growth Booster
Clear aligners are gaining immense traction worldwide, given the soaring incidences of dental alignment issues among adults and teenagers alike. Mounting awareness level among people regarding dental care along with the increasing spending by them on the same benefits the global market.
Studies show that the burgeoning female population is the key contributor to the market growth, in view of women increasingly focusing on enhancing their appearance as well as smile. Rising healthcare spending has led to better quality of healthcare services, while the surge in use of innovative technologies in the healthcare sector also drives patients towards orthodontist treatments.
Opportunities
Surge in Technological Innovations to be a Significant Opportunity
In view of the escalating cases of dental issues, there has been a massive surge in technical advancements including 3D impression systems, Nickel and Copper-Titanium wires, additive fabrication, CAD/CAM appliances, digital scanning technology, incognito lingual braces and clear temporary anchorage devices. These technologies have made orthodontic treatment far more predictable, effective and efficient than ever before.
Challenges
Less Number of Dentists in Emerging Regions to be a Challenge
Factors like substantial costs of clear aligners, lack of skilled dentists in developing areas and dearth of insurance coverage for orthodontic treatment can most likely work against the global market in the years to come.
Segment Overview
Soft Type to Gain Highest Traction
The product types listed in the report include hard type, soft type and medium type. The soft type of clear aligners has gained traction among teenagers and therefore, has emerged as the leading segment in the global market.
Adult Age Group to Lead the Clear Aligners Market
The market segments, with respect to age groups, comprises adult and teenager. Out of these, the adult age group is the top segment and is projected to be valued at USD 2996.59 Mn by 2023-end. Meanwhile, the teenager segment should attain the highest growth rate of 21.90% over the evaluation period.
Direct Sales Distribution Channel Procures the Top Spot
Key distribution channels covered in the MRFR study are direct sales as well as distributor. Direct sales distribution channel owned the biggest share of 78% in the global market in 2017 and can touch USD 3185.47million by 2023. The segment is also slated to soar at a strong rate of 21.28% in the ensuing years.
Regional Analysis
America to Make Incredible Progress to Take the Lead
America is touted to take over the global market with the biggest share in the years ahead, owing to the popularity of aesthetic dentistry as well as the availability of an array of specialized services in the US and Canada. The substantial healthcare spending capacity per person combined with the soaring demand for modern technologies in the medical industry could also catapult the market position in the region. The fact that America accommodates a massive number of world-renowned players that spend heavily on R&D also fosters the clear aligners market share. Other favorable factors include the mounting awareness among people about dental hygiene, an array of treatment options available for teeth misalignment, and the emerging new beauty trends in the region.
Asia Pacific Market to Secure the Fastest CAGR
Asia Pacific is a region that is brimming with opportunities and accommodates a couple of fast-emerging countries, as a result of which it has the potential to become the fastest expanding market. The surge in technical advances in the healthcare industry and the escalating disposable income per person also foster business growth in the region. Moreover, increasing government backing in various economies given to the healthcare industry will also be favorable for the clear aligners market in the following years. For instance, the Indian Government granted 100% FDI World Dental Federation with respect to health and medical services while also cutting down custom duty generally excised on all medical devices, which include dental devices. This resulted in a significantly conducive scenario for the market growth in the country.
Competitive Landscape
Firms Adopt the Latest Technologies to Stay Ahead of the Competition
The clear aligners industry is rife with intense competition, with the major reason identified as the efforts given by the leading players, in terms of adoption of the latest digital technologies such as digital tooth set-ups, intraoral scans, CAD/CAM appliances and 3D printers. A huge number of firms in the market are focused on indulging in strategic collaborations and expansions to bolster their geographical reach and also boost their sales in developing as well as economically strong regions.
List of Key Companies Covered in this Report
- Align Technology Inc.
- Dentsply Sirona
- Institut Straumann AG
- Clarus Company
- Danaher Corporation
- 3M
Recent Developments
- January 2020 –Dentsply Sirona Inc, a dental technology firm has acquired Byte, a developer of teeth clear aligners, for USD 1.04 billion. Byte has established itself as a well-known online vendor that offers access to patients to clear aligner kits at-home.
- September 2020 – Align Technology Inc. has launched Invisalign Stickables, advanced sticker accessories that can be used with the SmartTrack material within Invisalign clear aligners. Invisalign Stickables are available in various colors, designs, themes and shapes.
Report Overview
The report overview offers an exhaustive clear aligner market research, with prime focus o segments like us clear aligner market, align technology, clear aligner material, reveal clear aligners cost, among others. MRFR outlines the base year, projected period as well as the size during the given period. The market study also comprises some of the key developments post the COVID-19 pandemic and the effects of the novel coronavirus and the subsequent lockdown on the market. The report also throws light on the latest business scenario covering the expected as well as the historical value, in terms of volume and value, technological developments, and the top mechanical lock industry factors that induce growth. Besides, the affluent companies coupled with the key strategies adopted by them to stay relevant in the industry are also profiled in the MRFR report.
Scope of the Report
The scope of the report presents a detailed analysis of the clear aligners industry, outlining a few key segments including the clear aligner market share of all the leading firms, the clear aligners market growth rate during the review period and the clear aligners market size by the end of the given period.
Segmentation Table
Global Clear Aligners Market, By Product Type
- Hard Type
- Medium Type
- Soft Type
Global Clear Aligners Market, By Age
- Teenager
- Adult
Global Clear Aligners Market, By Channel
- Direct Sales
- Distributor
Frequently Asked Questions (FAQ) :
Clear Aligners Market is projected to grow at an 20.80% CAGR between 2020-2027.
Clear Aligners Market is predicted to touch USD 7019.96 million by 2025.
The Americas are predicted to have the highest share in the Clear Aligners Market.
Top players profiled in the Clear Aligners Market include 3M, Danaher Corporation, Clarus Company, Institute Straumann AG, Dentsply Sirona, and Align Technology, Inc.
Key strategies incorporated by industry players to maintain its dominance in the Clear Aligners Market include strategic mergers & acquisitions and extensive research and development activities.
Dental aligners are orthodontic devices that are utilized to adjust the alignment of teeth. These aligners are an alternative to traditional braces and are made from durable plastic material, fabricated to fit each individual's mouth perfectly. Global clear aligners market is anticipated to expand at a remarkable CAGR of 20.80% during the forecast period of 2018-2023. In 2017, the market was valued at USD 1548.10 Mn and is anticipated to expand rapidly to reach the valuation of USD 3982.30 Mn by the end of 2023.
Rapid technological advancement is aiding the evolution of dentistry with the development of advanced dental devices. Rise in prevalence of dental diseases and increase in geriatric population all over the world are inducing high demand for advanced dental devices which is leading to the significant growth of the global clear aligners market. High healthcare expenditure in developed and developing regions and increasing popularity of aesthetic dentistry among young population have created multiple opportunities for the expansion of the global clear aligners market. However, the treatment time required for clear aligners is comparatively higher than other procedures. Hence, the high treatment time, availability of cheaper products and lack of awareness among the population of underdeveloped areas are posing as a threat to the growth of the global clear aligners market.
Global clear aligners market has been segmented on the basis of product type, age, distribution channel, and region. Types of products that are available in the global clear aligners market are hard type, medium type, and soft type. Among these, the hard type segment is expected to expand at the fastest growth rate of 21.04% during the assessment period. It also represents the major share of the global clear aligners market owing to its utilization in all the steps of treatment. This segment is anticipated to reach the valuation of USD 2994.38n Mn by the end of 2023.
The age groups that are covered in the report on the global clear aligners market include adult and teenager. The adult segment has captured the largest market share and is expanding to reach the estimated valuation of USD 2996.59 Mn by the end of 2023. Whereas, the teenager segment is projected to expand at the highest CAGR of 21.90% during the forecast review period owing to the high popularity of dental aesthetics among the teenagers of developed and developing countries.
Global clear aligners market, based on distribution channel, has been segmented into direct sales, laboratories, and others. The direct sales segment accounted for the major market share of 78% in the year 2017 and is anticipated to reach the valuation of USD 3185.47 Mn by the end of the assessment period. The direct sales segment is estimated to expand at a CAGR of 21.28%. Whereas, the laboratories segment is projecting fastest growth at a CAGR of 21.31% during the review period.
Detailed Regional Analysis:
Regions in the global clear aligners market include the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is anticipated to command the largest share and reach the valuation of USD 2161.22 Mn by the end of the forecast period. Increased popularity of aesthetic dentistry in the developed countries of North America are majorly contributing to the growth of the clear aligners market in the Americas. The Europe region commands the second largest market share, owing to the extensive R&D activities that are being carried out in the healthcare sector of this region. The clear aligners market in the Asia Pacific region is touted to expand at the fastest growth rate of 24.97% during the assessment period owing to the rapid development of healthcare sector and rise in disposable income of the population in the emerging economies of this region. Whereas, poor economic conditions and lack of awareness in the underdeveloped countries are hampering the growth of the clear aligners market in the Middle East and Africa region.
Competitive Dashboard:
Some of the major players profiled by MRFR that are operating in the global clear aligners market are Align Technology, Inc., Dentsply Sirona, Institut Straumann AG, Clarus Company, Danaher Corporation, and 3M. Extensive R&D and strategic mergers and acquisitions are some of the most important growth strategies that are being implemented by the above-mentioned players in the global clear aligners market.
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.
Globally, a large number of companies are working in the development and production of clear aligners. These major companies have adopted extensive research, in order to offer better and cost-effective products. The American and European regions are a hub for major companies, generating maximum market share which has turned these regions into a well-established market. These companies have expanded their operating units in various other regions as well. Moreover, there are various other small and medium scale players that generate revenue from the local market.
Some key players operating in this market are Align Technology, Inc., Institut Straumann AG, Danaher Corporation, Dentsply Sirona, Clarus, and 3M, among others.
Align Technology, Inc. is one of the leading players in the field of clear aligners. The firm accounted for over 81.8% share in 2017. The major reason for its growth is its wide range of clear aligners that are intended primarily for the treatment of malocclusion or the misalignment of teeth. Moreover, the firm’s clear aligners account for over 89% of the firm’s net revenue. The firm has its direct sales and support organizations in North America, Europe, Asia-Pacific, Brazil, and certain countries in the Middle East and Africa. Additionally, the firm has focused primarily on research and development to provide the next generation of products and platforms.
Institut Straumann AG accounted for the second largest spot with 3.1% of the market share. The firm has a huge geographic presence due to its extensive growth strategies such as acquisitions and mergers. In 2017, the firm acquired ClearCorrect that develops and produces high-quality attractively-priced clear-aligner solutions. With this acquisition, the firm aims to strengthen its position in the clear aligners market.
Danaher contributes to approximately 2.8% of the global clear aligners market. Danaher Corporation accounted for the third largest position as it is engaged in designing, manufacturing, and marketing professional, medical, industrial, and commercial products and services all over the world.
Other companies include 3M and Dentsply Sirona, Angel align, Orthocaps, SCHEU DENTAL GmbH, among others. 3M and Dentsply Sirona both the companies received FDA approval in 2017 to market its clear aligner products and is likely to garner a significant share in clear aligners market.
