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Clear Aligners Market Overview
As per the reports by MRFR, the global clear aligners market is likely to acquire a size of over USD 7.41 Billion by the end of 2027. The clear aligners market is growing rapidly and is likely to register a healthy CAGR of over 22.9 percent during the assessment timeframe from 2020 to 2027.
Given the rising occurrences of dental alignment disorders among adults and teenagers alike, clear aligners are getting a lot of popularity around the world. People’s growing knowledge of the need of dental care, as well as their increased spending on it, improves the global market. According to studies, the expanding female population is the primary driver of market growth, as women increasingly focus on improving their beauty and smile. Rising healthcare spending has resulted in improved service quality, while the increased use of novel technologies in the healthcare sector is also driving patients to orthodontic treatments.
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In response to the rising number of dental problems, technological breakthroughs such as 3D impression systems, Nickel and Copper-Titanium wires, additive fabrication, CAD/CAM products, digital scanning technologies, incognito lingual braces, and clear temporary anchorage devices have exploded. Orthodontic therapy is now significantly more predictable, successful, and efficient than it has ever been.
Factors such as the high cost of clear aligners, the scarcity of qualified dentists in developing countries, and the absence of insurance coverage for orthodontic treatment will almost certainly work against the worldwide market in the coming years.
Clear Aligners Market Segmentation
The global market for clear aligners is split into several segments based on product type, age, channel, and region.
The global market for clear aligners is split into soft type, medium type, and hard type based on product type.
The clear aligners market is divided into adults and teenagers based on age.
The global market for clear aligners is split into distributor and direct sales based on channel.
Clear Aligners Market Region Outlook
Because of the popularity of aesthetic dentistry and the availability of a variety of specialised services in the United States and Canada, America is expected to take over the worldwide market with the largest share in the next years. The region’s significant healthcare spending capacity per person, along with the increasing demand for advanced medical technologies, might propel the region’s market position. The fact that America is home to a large number of globally recognised companies that invest extensively in R&D further contributes to the clear aligners market dominance. Other positive aspects include rising public knowledge of dental health, a wide range of treatment options for tooth misalignment, and the emergence of new cosmetic trends in the region.
As a result of the region’s abundance of opportunities and the presence of a few fast-emerging countries, Asia Pacific has the potential to become the fastest-growing market. The region’s commercial growth is also aided by a boom in technological advancements in the healthcare industry and rising disposable income per person. Furthermore, increased government support for the healthcare industry in various nations will be beneficial to the clear aligners market in the next years. For example, the Indian government awarded the World Dental Federation 100 percent FDI in health and medical services while simultaneously lowering customs duties on all medical products, including dental devices. This created a highly favourable environment for the country’s market expansion.
Clear Aligners Market Competitive Analysis
The global market for clear aligners has an intensely competitive landscape. The players in the market worldwide are adopting several new strategies such as mergers, acquisitions, and product development to strengthen their global market footprint. The leading players in the global clear aligners include 3M, Clarus Company, Dentsply Sirona, Danaher Corporation, Institut Straumann AG, Align Technology Inc., and several others.
Recent Developments
FDA registered and HIPAA compliant dental aligner company, U Smile Dental, LLC, announced the introduction of the “Smiles for All” at-home cost-effective clear aligners system.
Malocclusions or crooked teeth are considered one of the major oral health problems. Despite all the advantages of in-office orthodontic braces, most of the US population is experiencing malocclusion. This is mainly because of the inconvenience of attending numerous in-office dental visits throughout the treatment and high charges. These barriers have offered lucrative opportunities to the clear aligners market.
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Thanks to 123-Align innovative developments in medical polymer materials, 3D printers, 3D scanners, and the integration of 100% Teledentistry-based aligner case review service, one gat easily get a new smile from the mobile phone, computer, or tablet at an affordable price. This countrywide ‘Smiles for All’ at-home clear braces system fills the gap for individuals lacking access to dental care while tackling a serious public health issue.
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