December 22, 2021
According to the research report titled ‘Global Clear Aligner Market (2021 Edition) - Analysis by Age (Teenagers, Adults), End User (Hospitals, Dental and Orthodontic Clinics), By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global clear aligner market was valued USD 2367.17 million in 2020 and is projected to garner strong returns during the forecast period 2021-2026.
As per the findings of the report, worldwide clear aligner market growth is mainly driven by high prevalence of dental malocclusion, escalating demand for aesthetic treatments, and rising patient awareness about new dental care products.
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Further, increasing acceptance of clear aligners in the dental industry owing to several advantages over conventional wires and brackets, along with expanding product availability are adding considerable momentum to industry development.
Technological advancements, increasing per capita spending, positive economic outlook, and rising presence of key companies in developing regions are complementing the industry expansion. However, Besides, low penetration levels, and pent-up demand are negatively impacting the business dynamics.
Elaborating on the Covid-19 impact, global clear aligner industry growth remained flat due to pandemic-induced disruptions. To elaborate, restrictive containment measures involving remote working, social distancing, and halt of commercial activities resulted in operational challenges. However, the market is gradually recovering with companies resuming operations and adapting to the new normal.
Based on age, the industry is split into teenagers and adults. In terms of end-user, the market is fragmented into hospitals, and dental and orthodontic clinics. Moving on to geographical scope, North America (U.S., Canada), Europe (Germany, UK, France), and Asia Pacific (China, Japan, Singapore, Japan, South Korea) are the major areas highlighted in the research document.
All the mentioned segmentations are individually evaluated with respect to important metrics like growth rate, revenue, and sales to provide a wider picture of the business sphere.
Coming to the competitive landscape, Carestream Health, Ivoclar Vivadent Inc., Straumann Group, SmileDirectClub, Henry Schein Inc., Danaher Corporation. 3M Co., Dentsply Sirona, and Align Technology are the major companies influencing the global clear aligner market trends.
The aforementioned companies are assessed in terms of their finances, product/service portfolio, and strategic movies to help existing businesses and new entrants in making informed decisions.