Pune, India, April 29, 2019 (GLOBE NEWSWIRE) -- The Global Clear Aligners Market is all set to gain a CAGR of 20.80% during the forecast period (2018-2023). This speculation is getting backed by Market Research Future (MRFR) and further predicts a possibility of scaling a USD 3,982.30 million valuation by the end of 2023.
Market Overview:
Maintaining an appearance has become quite important with burgeoning chances of exposure due to digitalization. That is why markets related to various aesthetic upliftment are getting much prominence. Same is true for the clear aligners market. Death aligner is a type of orthodontic device that helps in the alignment of teeth. Clear aligners are an improvisation of this traditional model of braces. These clear aligners get made from clear plastics and fit perfectly inside the mouth. The advantage of these aligners is the clean look it provides.
Aesthetic enhancement, driven by various mediums such as social sites, can be considered a driving factor for the resurgence of braces. This, along with, technological advancements, has created a ground for clear aligners market to solidify its existence and flourish in the coming years. The dental industry is, at present, quite blessed by advents in technologies. Meanwhile, a rise in expenditure is boosting the clear aligners market. It is gaining fast traction among the young generation.
Despite such advantages, the clear aligners market can be daunted by several factors such as treatment time it takes and cheaper alternatives that are available in the market. At the same time, like any market the knowledge of the procedure should reach a wider audience to expect larger market percolation. In the case of clear aligners, this is true as well. In developing nations with high density of population with a potential to emerge as a lucrative market opportunity, exhibits low awareness. These factors are quite a blow for the clear aligners market and could prevent the same from having a free run in coming years.
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Head-to-Head
Among several companies active in the clear aligners market Danaher Corporation, Dentsply Sirona, Align Technology, Inc., Clarus Company, Institut Straumann AG, and 3M have been profiled in the MRFR report owing to their robust contribution in the market. These companies are making strategic moves that often include merger, acquisition and other methods to take the market forward and brighten their market prospect.
Industry News
In February 2019, Ormco launched Spark which would join the market later this year. On the other hand, In April 2019, Bay Materials, a market leader in orthodontic clear aligner therapy, announced that their products Zendura FLX and standard Zendura materials got approval of Brazil's ANVISA regulatory system. This step would help them in expanding their market proliferation in Latin America.
Market at a Glance
A closer look at the clear aligners market reveals segmentations by product type, distribution channels, and age. This is for a comprehensive understanding of the global market and how it would behave during the forecast period. The data provided in the report contains both volume-wise and value-wise information of segments.
Based on the product type, the global clear aligners market can be segmented into hard, medium, and soft. The hard type segment is expected to reign over the market in coming years with a 21.04% CAGR during the forecast period. The market valuation could easily scale a valuation of USD 2,994.38 million by the end of 2023. By distribution channels, the clear aligners market can be segmented into direct sales, laboratories, and others. The direct sales segment had 78% of the market share in 2017 and it could climb up to USD 3,185.47 million with a CAGR of 21.28% over the assessment period. The laboratories segment is gaining fast traction as well and is promising enough to achieve 21.31% CAGR during the forecast period. By age, the clear aligners market can be segmented into adult and teenager. The adult segment holds the maximum market share and its valuation could exceed USD 2,996.59 million by the end of 2023. The teenager segment could expand with a CAGR of 21.90% during the review period.
Mapping the Global Dynamics
Region-specific analysis of the global Clear Aligners Market includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas is contributing the most to the global market and it is expected to gain a valuation of USD 2,161.22 million by the end of 2023. The market expansion in the region has the twin benefits of increasing healthcare expenditure and awareness regarding upliftment of the aesthetic look. The regional market is also getting backed by superior healthcare infrastructure and implementation of advanced technologies. Europe’s role is also quite significant in taking the global market ahead. Its growing expenditure in research and development is bolstering the regional market. However, it is the APAC that can score big with 24.97% CAGR during the forecast period.
Browse the market data and information spread across 110 pages with 103 data tables and 15 figures of the report “Clear Aligners Market - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/clear-aligners-market-6974
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