Global Clear Aligners Market is valued at USD 2651.6 Million in 2020 and is expected to reach USD 8700.4 Million by 2027 with a CAGR of 18.5% over the forecast period.
Clear Aligner Market report is segmented on the basis of product type, age group, distribution channel, and region & country level. Based upon product type, the clear aligner market is classified into soft clear aligner, medium clear aligner, and hard clear aligner. On the basis of age group, the market is classified into generation, generation Y, generation X, and baby boomers. On the basis of distribution channels, the market is classified into hospitals, dental and/or cosmetic clinics, and others.
A clear aligner is an orthodontic device that is used to properly adjust the teeth' alignment and position. A clear aligner is a dental brace that is transparent, made up of plastic, and are easily removable. The well-known and widely used products are Clear Correct and Invisalign. Till 2017, there were more than 27 products available in the world. With the increasing development and innovation in orthodontics, the field is likely to boost the clear aligners market. The importance of oral health has been growing due to increasing dental-related problems such as tooth decay, periodontal disease, throat cancer, mouth sores, chronic mouth & facial pain, and others. According to the American Cancer Society, more than 50,000 people have an oral cavity, globally. The market is estimated to grow at a significant growth rate due to the increasing patient pool with dental-related problems and poor teeth alignment due to bad oral habits are likely to upsurge the market growth.
The rise in the per capita healthcare spending coupled with rising awareness among the general population due to effective marketing and advertisement by major manufacturers operating in the market is likely to boost the adoption rate and is expected to drive the growth of the market. Moreover, increasing beauty standards with the growing beauty industry has raised the demand for aesthetic enhancement especially among the young age group population, which is likely to boost the market growth. However, certain challenges like lack of skilled dentists especially in emerging countries, and unfavorable insurance are expected to hamper the growth of the market. Nowadays, facial appearance maintenance has become a very important part of life due to rising digitalization and social media platforms. To maintain the status the people are opting more for clear aligners over traditional braces to align their teeth position and alignments which has upsurged the market growth.
The regions covered in this Clear Aligner Market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of Clear Aligner is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
The major players operating in the Clear Aligner market are Align Technology, Dentsply International, Inc., Straumann Group, Danaher Corporation, Henry Schein, 3M, SmileDirectClub, Geniova Technologies, and Others.
The key players are acquiring small and new market players to expand its product portfolio, geographical presence, and to distribute their products all over the world. This strategy has been adopted by most major manufacturers and is likely to boost the growth of the market. Align Technology Inc. is one of the major market players and accounts for more than 80% of the market share in the global clear aligner market. Furthermore, technological advancements have shaped the for clear aligner market which is expected to gain huge popularity and high compliance rate in the coming years. The clear aligner is very economical treatment as compared to the painful traditional treatment procedure. The growth of the fashion and modeling industry has set beauty standards that are very popular among youngsters. The young generations are the major target population and high revenue generation age group among others. In developing countries such as China and India, a high population density country that has the potential market opportunity lacks awareness and may restrict the growth of the market.
Geographically, Clear Aligner Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. In North America, aesthetics plays an important role in dentistry procedures which is likely to drive the growth of clear aligners market in the region. North America is expected to show fast growth rate due to rising healthcare spending and the development of dental machines which has driven the cases of orthodontic treatments. The Asia-Pacific market is expected to show moderate growth due to low awareness among the population regarding new technology in dentistry. The Latin America market is expected to show low growth due to lack of skilled dentist in the region.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2020:||USD 16.04 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 19.20 Billion|
|Tables, Charts & Figures:||175|
|Clear Aligner Companies||Align Technology, Dentsply International, Inc., Straumann Group, Danaher Corporation, Henry Schein, 3M, SmileDirectClub, Geniova Technologies, and Others.|
|Segments Covered||By Product Type, By Age Group, By Distribution Channel|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Middle East and Africa