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Clear Aligners Market to Exhibit Astounding 19.7% CAGR by 2028; Increasing Prevalence of Malocclusion Disorder to Stimulate Growth

February 23, 2021 | Healthcare

The global clear aligners market size is expected to gain momentum by reaching USD 10.04 billion by 2028. This is attributable to the increasing incidence of malocclusion among people worldwide that is expected to boost the adoption of innovative clear aligners. This information is published by Fortune Business Insights, in its latest report, titled, “Clear Aligners Market Size, Share & COVID-19 Impact Analysis, By Patient Age Group (Teenager, and Adults), By End-User (Hospitals, and Dental & Orthodontic Clinics), and Regional Forecast, 2021-2028.” The report further mentions that the market stood at USD 2.41 billion in 2020 and is projected to exhibit an astounding CAGR of 19.7% between 2021 and 2028.


Carbon Partners Candid to Develop 3D Printed Customizable Clear Dental Aligners


In January 2021, Candid, a leading orthodontics company, announced its partnership with 3D printer OEM, Carbon. The partnership is aimed at developing advanced highly-customizable 3D printed clear aligners for dental procedures. The product is expected to cater to the growing demand from dental professionals that prefer outsource of aligner manufacturing work.


Phil DeSimone, Chief Product & Business Development Officer, Carbon, says, “We are excited to partner with Candid to help them deliver best aligners as per the customer’s requirement and enable dental professionals to provide effective and affordable treatment procedures for patients.” Such initiatives are expected to bode well for the market growth in the forthcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/clear-aligners-market-101377


Increasing Prevalence of Dental Malocclusion to Favor Growth


According to an article published by the European Journal of Pediatric Dentistry, around 25% to 35% teenagers in Europe suffer from malocclusion or misalignment of the teeth. The increasing prevalence of dental malocclusion is expected to boost the adoption of advanced clear aligners that effectively treat the condition globally. Additionally, the increasing focus on addressing the unmet needs of patients that includes high cost associated with dental procedures and formulation of supportive policies for dental treatments is expected to bode well for the global clear aligners market growth during the forecast period.  


Prominent Companies Focus on Merger and Acquisition to Brighten Their Market Prospects


The global market is fragmented by the one-upmanship of Align Technology that dominates with its extensive product portfolio. Additionally, other key players such as EM, Dentsply Sirona, Henry Schein, Inc., and others are focusing on acquiring other small companies to maintain their presence in the global marketplace.


Industry Development:



  • January 2021 – Dentsply Sirona announced the acquisition of one of the fastest growing clear aligner companies, Byte. Dentsply Sirona is focusing on improving its SureSmile business and further strengthening its relationship with dental professionals.


List of the Companies Profiled in the Global Market:



  • 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.)


Further Report Findings:



  • North America is expected to remain at the forefront and hold the highest position in the global market in the forthcoming years. This is attributable to the presence of major companies such as Align Technology that are focusing on developing advanced aligners in the region. North America stood at USD 1.41 billion in 2020.

  • On the other hand, Europe is expected to hold the second-largest clear aligners market share in terms of revenue during the forecast period. This is ascribable to factors such as the increasing adoption of these aligners among the teenage population in the region between 2021 and 2028.

  • Based on the patient age group, the adults segment is expected to showcase considerable growth due to the increasing prevalence of malocclusion among the adult population globally.


Table of Segmentation:














































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



  By Patient Age Group, End-User, and Geography



By Patient Age Group


 




  • Teenager

  • Adults



By End-User


 




  • Hospitals

  • Dental & Orthodontic Clinics



By Geography


 




  • North America

    • By Patient Age Group

    • By End-User

    • By Country



  • Europe

    • By Patient Age Group

    • By End-User

    • By Country/ Sub-Region



  • Asia Pacific

    • By Patient Age Group

    • By End-User

    • By Country/ Sub-Region



  • Rest of the World

    • By Patient Age Group

    • By End-User




Clear Aligners Market
  • PDF
  • 2020
  • 2017-2019
  • 125

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