"We Envision Growth Strategies Most Suited
to Your Business"
September 09, 2019 | Healthcare
Clear aligners are transparent aligners used in teeth alignment. They are manufactured using advanced technology and are often used in computerized orthodontic treatment. Clear aligners are advised by orthodontists around the world to offer effective results during various dental procedures undertaken as treatment for misalignment, teeth crowding, and other conditions.
The trend of perfectly aligned teeth in both men and women is promoting the growth of the global Clear Aligners Market, says Fortune Business Insights in their recent report. The report is titled, “Clear Aligners Market: Global Market Analysis, Insights, and Forecasts, 2018 - 2026”.
According to the reports, the global clear aligners market is anticipated to reach US$ 8.2 Bn by 2026 from US$ 2.2 Bn in 2018. The forecast period is set from 2019 to 2026 and the market is expected to grow at a CAGR of 17.7 %.
On the basis of age group, the clear aligners market is differentiated into teenagers and adults wherein the adults section is dominating the market. This is owing to the rise in prevalence of malocclusion among adults and surge in adoption of clear aligners as a treatment option. However, the market revenue generated from the teenager’s segment may rise considerably in the forecast period on account of the increasing popularity of perfectly aligned teeth, as a result of rise in beauty standards, and the invisible nature of the product which is not ugly like the traditional braces and wire aligners.
Clear Aligners Guarantee Comparative Less Pain to Traditional Dental Braces, Driving Market
Changing beauty standards is fueling the demand for teeth alignment, which is in turn boosting clear aligners market growth. Other factors promoting the growth of the market for transparent braces include rise in awareness about mouth cleaning and oral hygiene, increase in the number of dental service organization, surge in dental procedures, and increasing prevalence of dental diseases such as dental carries, throat cancer, gingivitis, periodontal diseases, tooth decay, periodontitis, oral manifestations of HIV, oral cancer, noma, oral sores, and cleft-palate and lips.
Using clear aligners can minimize the risk of mouth sores, tooth decay, injuries, plaque, and other problems caused by traditional and regular metal braces. This will ultimately help the market gain momentum in the forthcoming years. Besides this, with more and more people desiring to look neat and confident is also driving the clear aligners market growth in near future. Moreover, the rise in disposable incomes of people is anticipated to help generate clear aligners market revenues in near future.
Company Collaborations Aimed at Gaining Competitive Advantage
Currently, Align Technology Inc, holds a prominent position in the global clear aligners market owing to the strong presence of its brand Invisalign. This product is used for treating various dental complexities for both adults and teenagers with an immature dentition. Major companies operating in the clear aligners market are focusing on strategies such as merger and acquisitions, product launches, company collaborations, and others in order to gain a competitive edge. For instance, DentalXP collaborated with Align Technology Inc., in 2018 in order to initiate aligners fellowship program. This will help the market attain high revenues in near future.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/clear-aligners-market-101377
Table of Segmentation
By Patient Age Group