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Clear Aligners Market Worth $ 8,708.67 Million by 2028 – Exclusive Research by The Insight Partners

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Clear Aligners Market Worth $ 8,708.67 Million by 2028 – Exclusive Research by The Insight Partners

November 22
18:30 2021
Clear Aligners Market Worth $ 8,708.67 Million by 2028 - Exclusive Research by The Insight Partners
The key factors such as the growing prevalence of dental problems, rising incidence of malocclusions in children, and increasing demand for dental cosmetic procedures drive the market growth. However, the high cost of clear aligners hinders the growth of the clear aligners market

According to our new market research study on “Clear Aligners Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Distribution Channel, Age Group, and Geography,” the market is expected to reach US$ 8,708.67 million by 2028 from US$ 2,430.84 million in 2020. It is estimated to grow at a CAGR of 15.9% from 2021 to 2028.

Strategic Insights:

Report Coverage             

(Details)

Market Size Value in      

(US$ 2,430.84 million in 2020)

Market Size Value by    

(US$ 8,708.67 million by 2028)

Growth Rate     

(CAGR of 15.9% from 2021 to 2028)

Forecast Period

(2021- 2028)

Base Year           

(2020)

No. of Pages     

(160)

No. Tables          

(64)

Segments covered         

(By Type; Distribution, and Age)

Regional scope 

(North America; Europe; Asia Pacific; Latin America; MEA)

Country scope  

(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina)

Report coverage             

(Revenue forecast, company ranking, competitive landscape, growth factors, and trends)

Get Sample PDF Copy of Clear Aligners Market at: https://www.theinsightpartners.com/sample/TIPRE00007602/

In recent years, dental treatment has emerged as an increasingly popular type of medical tourism. In this trend, travelers outside of the local healthcare system receive treatment at a substantially lower price. The procedure generally takes place at the end of a vacation to make the most of the travel expenses. The bulk of dental tourism commercials target Americans to take treatment in Mexico or Costa Rico and Australians to take treatment in Thailand, South Korea, and India. Dental tourism is a growing segment in the medical tourism market.

Growing Prevalence of Dental Problems

Dental and oral conditions affect people once in their lifetime. A single toothache can cause discomfort, pain, and disfigurement. As per the Global Burden of Diseases Study in 2016, oral diseases have affected ~3.58 billion people across the world. Dental diseases include dental caries. Periodontal disease, which results in tooth loss, was the 11th most prevalent dental disease around the globe. The prevalence of dental and oral conditions, such as crooked teeth, overbites, underbites, crossbites, spaces between teeth, teeth overcrowding, is rising across the region. In addition, the surging number of temporomandibular disorders (TMD) treatment has been reported. The periodontal diseases, injuries, and accidents are among the significant causes that may lead to dental problems. According to the Canadian Association of Orthodontists data, more than 4 million people in Canada and the US are taking treatment from an orthodontic specialist. Also, as per the Centers for Disease Control and Prevention (CDC) data, around 31.6% population had untreated dental caries during 2013–2016 in the US.

In a study published in the National Center for Biotechnology Information (NCBI) 2019, Africa recorded the higher prevalence of Class I (90%) malocclusion than Class II malocclusions (7.5%). The maximum incidence of Class II, Class III, and open bite malocclusions were recorded in Europe (31.95%), Asia (5.76%), and Africa (8.3%), respectively. Moreover, the deep bite was considerably higher in Europe (37.4%) than other regions. Furthermore, according to the World Health Organization (WHO) the Africa has the highest prevalence of Class I malocclusions (92.47%) in mixed dentition. However, the prevalence of Class II malocclusions (5.1%) was lowest, while Caucasians resulted in the lowest prevalence of open bite (3.7%). The Mongoloid population showed the highest prevalence of Class III (10.95%).

Government support is helping people to get treated with their dental problems. The dental issues are generally observed in the children. Therefore, the government is focusing more on dental health in school. For instance, the CDC provides management and guidance for state and community programs. The program assists to plan, set up, and evaluate school sealant programs and to complement services that are provided by private dentists. The rising prevalence of various dental diseases has increased the use of clear aligners, which propels the growth of the clear aligners market.

The COVID-19 outbreak has been adversely affecting the most of the businesses globally since December 2019. The impact of the outbreak has placed many clear aligner manufacturing companies under pressure due to low sales and disruption in supply chains. As the oral treatments and procedures are directly contacted with patients’ oral fluid, they can create possible risk of infections. Thus, to prevent the spread of the novel coronavirus that causes COVID-19 and maintain social distance, the dental appointments have been restricted. The scenario is restraining the growth of clear aligners market.

Download the Latest COVID-19 Analysis on Clear Aligners Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00007602

Based on type, the global clear aligners market is segmented into polyurethane plastic, polyethylene terephthalate glycol (PETG), and poly-vinyl chloride (PVC),. In 2020, the polyurethane plastic segment held the largest share of the market. Also, the same segment is anticipated to register the highest CAGR in the market during the forecast period. Technological development in polyurethane plastic and its high acceptance by dentists are the major factors driving the market growth for the segment. In addition, the increasing adoption of polyurethane plastic clear aligners would bolster the market growth for this segment in the future.

In the US and Canada, the citizens do not have dental insurance, and the low-cost treatment is the attracting factor in the region. The cost of the dental cosmetic procedure is less in Mexico, i.e. about 60% less than the US prices. The difference in the amount of standard cosmetic dentist procedure and a top cosmetic dentist procedure in Mexico is around US$ 50 to US$ 150 per crown or veneer. Mexico dentists provide cheap crowns with high-quality laboratories and materials. Therefore, the dental tourism in Mexico has flourished in the past a few years due to the factors such as the high quality of treatments at a lower price than other countries, government and industrial infrastructure, developments in the dental industry, and easy accessibility. Similarly, dental tourism is increasing in Asian countries such as India, South Korea, Thailand, and others. As per the Journal of Clinical and Diagnostic Research 2016, the cost for smile designing in the US is nearly US$ 8,000, whereas it costs about US$ 1,000 in India. Singapore is promoting medical and dental services at affordable prices. Many patients from nearby countries such as Malaysia and Indonesia as well as patient from established countries such as the US and the UK are referring Singapore for their dental treatments. The increasing penetration of patients for a dental procedure in the emerging markets is likely to offer growth opportunities for the clear aligners market in these regions during the forecast period.

Clear Aligners Market: Competitive Landscape and Key Developments

Align Technology, Inc.; Dentsply Sirona; Danaher; Institut Straumann AG; 3M; Henry Schein, Inc.; TP Orthodontics, Inc.; DynaFlex; Great Lakes Dental Technologies; and SCHEU DENTAL GmbH are among the leading companies operating in the clear aligners market.

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For instance, in March 2019, Henry Schein One, a joint venture of Henry Schein, Inc., launched Dentrix G7 in Canada, which is the upgraded version of the dental practice management system. Moreover, in March 2019, the Straumann Group performed collaboration with Medit, a global provider of digital dentistry solutions. This collaboration will benefit into promoting the integration of digital workflows with Straumann’s open CAD/CAM software.

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Invisible Orthodontics Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product Type (Clear Aligners, Ceramic Braces, Lingual Orthodontics, Clear Retainers); Age Group (Children, Adolescent, Adults); Application (Excessive Spacing, Crowding, Open Bite, Abnormal Eruption, Others); End User (Hospitals, Ambulatory Surgical Centers, Dental Clinics) and Geography

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