Clear Aligners Market Overview
Clear aligners are the replacement to braces without metal wire and brackets. It is made from clear plastic to be worn over the teeth. They are capable of producing faster and efficient results than traditional methods. With the increase in dental disorders and demands for modern techniques, the demands for clear aligners are increasing. On observing the current market trends, the global clear aligners market is expected to touch a 21 % annual growth mark during the survey period. Increasing unhealthy habits like usage of alcohol & tobacco, sugar-rich foods, and others are driving the market at a greater pace.
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Clear aligners are used for the treatment of crooked teeth, overbites, underbites, crossbites, and other oral disorders. The clear aligners are invisible and do not damage the daily life of an individual. Apart from traditional braces, clear aligners are comfortable and convenient to use. They also save the person from the side effects of braces like tooth decay, mouth sores, and injuries caused. The market is also gaining pace from the increasing dental disorders, dental clinics, demands for latest technologies, and other factors.
Clear aligners have helped the people, but the factors like complications and the presence of fake products in the market are the major factors restraining the market’s global growth. The primary use of clear aligners is to set the teeth into their correct positions and help the person in getting good physical appearance and dental health.
Impact of Covid-19 Global Clear Aligners Market
The COVID-19 epidemic has been straining healthcare workflow across the globe. The disease has forced various industries to temporary shut its doors including many healthcare subdomains. Clear aligners have been one of the major markets that has been negatively impacted by COVID-19. The production for clear aligners has been disrupted across the globe. COVID-19 has forced various dentists to slash their services and staff resulting in delay in large number of appointments which is leading to increasing complications. Also, various events with respect to dental and clear aligners have been suspended. These events were supposed to be conducted in accordance to increase awareness and improve revenue for clear aligners. The company exocad, recently acquired by Align Technology, announced that its Insights 2020 event would be delayed to September 2020. Furthermore, the third congress of the European Aligner Society, which was supposed to be held in Malta from 19 to 21 March 2020, has been shifted to November 2020. The aim of this event was to introduce advances in technologies and techniques in aligner orthodontics and also major opportunity for various large manufacturers to enter into strategic alliances.
The company Align Technology, one of the leading players, accounts for more than 70% of the market share across the globe is also facing challenges in generating revenue due to COVID-19. In March, the company’s stock fell down by 20%. The analysis shows that the major reason for this was the lockdown in China where the company generated 8% of its entire revenue. The outcome of this lockdown is expected a $30 million to $35 million hit on revenue for the first quarter alone.
Market Research Future (MRFR) collected data on several factors including implications of COVID 19 Impact on Clear Aligners Market and demographic challenges, showed how it could move forward in the coming years.
Global Clear Aligners market segments
The global clear aligners market is segmented into three parts, which are:
Types: Clear aligners are of soft, medium, and hard types.
Age Groups: They are suitable for all people in teenage and adult age groups.
Supply: Clear aligners are available through distributors and direct sale channels.
Clear Aligners Market Regional Summary
America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global clear aligners market.
The American region is the current market leader with the North American region as the major shareholder. Factors like the occurrence of dental disorders, demand for the latest technologies, and existence of major players are driving the market in this region. The European region is the next biggest global market due to the adoption of the latest healthcare technologies, increasing dental problems, and other factors.
The Asia Pacific region is the third-largest market. Still, it will emerge as the fastest growing market due to large population covers, a rise in disposable incomes, increasing dental care facilities, unhealthy lifestyles, and other factors.
The rest of the regions are also showing impressive growth rates due to increasing awareness and demands for the latest dental care technologies.
Clear Aligners Market
The prominent players in the global clear aligners market are Align Technology, Inc., Dentsply Sirona, Institut Straumann AG, Clarus Company, Danaher Corporation, and 3M.
Clear Aligners Industry News
The global clear aligners market is getting stronger with time, but the factors like complications and the presence of fake products in the market are damaging the growing speeds. They are at high demands from around the world due to better results and less complicated applications as compares to braces. The American region is the current market leader, whereas the Asia Pacific region will emerge as the fastest-growing market.
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