Clear Aligners Market Overview
MRFR/Market Research Future expects the clear aligners market 2020 to procure a stellar growth rate of 20.80% from 2016 to 2025 (evaluation period). MRFR also projects the market size to expand to USD 7019.96 million by 2025. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
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Clear Aligners Market Primary Boosters and Challenges
The COVID-19 outbreak has strained the healthcare industry’s workflow to a large extent. The novel coronavirus pandemic has caused temporary shutdowns in healthcare, including the dentistry segment. Clear aligners market has been particularly derailed by the lockdown and the rising focus on containing the SARS-CoV-2 infection. Low production along with reduced dental services and scanty workforce are the result of the COVID-19 impact and are proving to be unfavorable for the global market.
However, several practitioners have started to resume their services in accordance with the stated guidelines and regulations across the globe. North America and Europe are resuming dental services and the production of clear aligners can start in full speed in the near future. Apart from this, the high focus on aesthetics and the heightened demand for innovative products in orthodontic treatment can translate into significant growth of the clear aligners market. Rapid technical upgradations, escalating per capita spending, improving economic indicators, and the rising entry of prominent vendors into developing regions could also add to the market value in the ensuing years.
The fierce competitive scenario is prompting launch of new and advanced products and expansion of production capacity while 3D printing is emerging as a key technological trend being leveraged by reputed players in the global market. To illustrate, in September 2020, 3D Predict, a global software developer of clear aligners based on AI technology, set up new headquarters in the United States. The company is globally recognized for its advanced AI software, which produces precise and accurate 3D models of the smile, including bone, roots and the crowns. The move to the United States indicates the company’s efforts to boost its production capacity and expand its global presence even further.
Clear Aligners Market Segmental Analysis
Clear aligners industry can be dissected on the basis of product type, age and distribution channel.
The product types considered in the report are medium, soft and hard.
Age-wise, the key segments are teenager as well as adult. The teenager segment can most likely attain the leading position in the years ahead, having reached a valuation of USD 1427.98 million in 2018.
The primary distribution channels mentioned in the study are direct sales along with distributor.
Clear Aligners Market Regional Outlook
Clear aligners market has been geographically distributed into Europe, the Americas, Asia Pacific or APAC, MEA/Middle East and Africa.
The Americas can observe compelling growth in the coming years and take the lead in the global market, thanks to the high popularity of aesthetic dentistry and the rising prevalence of various specialized services across Canada and the United States. The mounting healthcare spending per person and the escalating demand for innovative and modern technologies can also set the pace for the clear aligners market in the region. The high concentration of eminent vendors in the region also works in favor of the market.
Europe is the second biggest market for clear aligners, benefitting from the high demand for dental procedures and the surging cases of oral issues. The increasing use of technologically innovative techniques and the rising significant of planning, diagnosis and treatment in implant dentistry across various countries in the region enhance the clear aligners market size.
APAC offers a host of opportunities, with the presence of rapidly developing countries that boast of fast improving healthcare systems. The rapid advancements in healthcare, the surge in disposable income of the people along with the high funding for advanced technologies and their rising uptake among dental professionals foster the market growth in the region.
The MEA market is touted to perform significantly over the evaluation period, on account of the rising cases of dental issues and the intensifying demand for effective teeth-related treatments.
Clear Aligners Market Renowned Companies
Renowned companies profiled in the market report are Align Technology Inc., Clarus Company, Dentsply Sirona, Danaher Corporation, 3M, Institute Straumann AG, and more.
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