Key Prominent Players Covered in the Clear Aligners Market are Align Technology, Inc. (San Jose, U.S.) , 3M (Maplewood), U.S.) , Institut Straumann AG (Basel, Switzerland) , Ormco Corporation (Envista) (Brea, U.S.) , 3Shape A/S (Copenhagen, Denmark) , Dentsply Sirona (York, U.S.) , Argen Corporation (San Diego, U.S.) , Henry Schein, Inc. (Melville, U.S.)
The global clear aligners market size is expected to reach USD 10.04 billion by 2028, exhibiting a CAGR of 19.7% during the forecast period. The surging demand for clear aligners in orthodontic treatment can have a tremendous impact on the market growth, states Fortune Business Insights in a report titled, “Clear Aligners Market, 2021-2028.” The market stood at USD 2.41 billion in 2020.
Key Development:
January 2021: Ormco Corporation launched Spark Clear Aligner Release 10. It is most substantial upgrade that includes previously unavailable proprietary features with clear aligner therapy. The company also introduced a suite of enhancements for its Approver software and case management portal, designed to give orthodontists greater start-to-finish control and flexibility for more predictable and efficient treatment planning.
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Clear Aligners Market Report Scope and Segmentation :
|
Report Coverage |
Details |
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Forecast Period |
2021 to 2028 |
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Forecast Period 2021 to 2028 CAGR |
19.7% |
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2028 Value Projection |
USD 10.4 Billion |
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Base Year |
2020 |
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Market Size in 2020 |
USD 2.41 Billion |
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Historical Data for |
2017 to 2019 |
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No. of Pages |
125 |
|
Segments covered |
Patient Age Group, End User |
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Growth Drivers |
Better Treatment Outcomes and Strong Competitive Activity to Fuel Demand |
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Considerably Under-penetrated Market to Boost Adoption of Clear Aligners |
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Increased Competition from Direct-to-consumer Companies to Hinder Market Growth |
COVID-19 Impact:
The COVID-19 disease was first discovered in 2019 and posed a major challenge to health around the world. A few months after the discovery of the coronavirus in China, the effects of the coronavirus outbreak have been felt all over the world. Due to isolation restrictions, some countries have suspended elective surgery and closed dental clinics, which has significantly impacted the dental industry. Initially in China and Italy, and now in most countries, the epidemic has led to national lockdowns and stay-at-home orders, which have had a major impact on elective surgery, thus negatively affecting the market.
Elective operations, for example, were badly impacted in the early months of the epidemic in China and Italy, with estimates ranging from 85.0 percent to 90.0 percent. Moreover, comparable effects were seen in the United States and Other European nations. Compared to pre-pandemic levels, the average monthly treatment volume in the UK had decreased by more than 95% by May 2020.
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Increasing Supply of Transparent Aligners to Augment Market Growth
The market is projected to increase as a result of collaborations, new doctor training, and technical advances. Major dental product businesses have been acquiring and launching new products in this profitable sector over the last few years. Straumann, for example, bought ClearCorrect LLC in 2017, and Dentsply Sirona bought OraMetrix in 2018. Through a significant focus on RandD, companies focus on developing new goods and improving present product offers. There is a constant attempt to make the goods more comfortable and sanitary and enhance the 3-D modeling software used to develop these products based on patient’s requirements.
Through training, industry participants also boost knowledge of the product’s advantages among orthodontics, dentists, and general practitioners. According to a study published in Progress in Orthodontics in 2018, about 45.0 percent of general dentists providing orthodontic treatment supplied transparent aligners, compared to just 19.0 percent who gave brackets.
In the advent of escalating dental disorders, advancements like 3D impression systems, additive fabrication, Nickel and Copper-Titanium Wires, digital scanning technology, CAD/CAM appliances, temporary anchorage devices, and incognito lingual braces, clear aligners are among the latest advancements that are making orthodontic treatments more efficient, predictable, and effective. The dental treatments have become customized and technologies like a digital impression system like iTero by Align Technology is assisting in developing accurate and customized clear aligner systems to treat mild to moderate misalignment conditions.
Well-established Orthodontic Clinics to Incite Development to North America
North America’s clear aligners market size stood at USD 1.41 billion in 2020, and it is expected to continue to lead the worldwide market during the projected period. The presence of significant firms in the region, such as Align Technology, and rising RandD spending by these important players, are some of the primary reasons contributing to the region’s supremacy. Individuals in the region’s significant adoption of technologically innovative items are another contributing element.
Furthermore, increasing demand for invisible orthodontics will drive market expansion in the area due to increased awareness of these products in the region. In North America, Other factors that are anticipated to fuel the market expansion in the region include increased demand for these goods from orthodontists, an increase in the clientele of General Practitioners (GPs), advantageous reimbursement policies for dentistry, and the existence of well-established orthodontic clinics. The United States has the largest for clear aligners in the world, followed by China and Spain.
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Align Technology, Inc to Hold the Largest Market Share
Align Technology, Inc. is the dominant player in the global market, and it will continue to be so during the forecast period. This growth may be credited to Invisalign, the company’s primary product portfolio, which is the only transparent aligner used to address a range of difficult dental conditions, including adults and teenagers with immature teeth. For instance, Invisalign Stickables, a sort of revolutionary sticker developed for use with the SmartTrack material in Invisalign transparent aligners, will be released in September 2020.
The Report Lists the Key Companies:
- Align Technology, Inc. (San Jose, U.S.)
- 3M (Maplewood), U.S.)
- Institut Straumann AG (Basel, Switzerland)
- Ormco Corporation (Envista) (Brea, U.S.)
- 3Shape A/S (Copenhagen, Denmark)
- Dentsply Sirona (York, U.S.)
- Argen Corporation (San Diego, U.S.)
- Henry Schein, Inc. (Melville, U.S.)
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit With 19.7% CAGR, Clear Aligners Market Size worth USD 10.04 Billion in 2028
