iCrowd Newswire – May 15, 2020
The global clear aligners market is expected to reach US$ 7,665.49 Mn in 2027 from US$ 1,953.10 Mn in 2018. The market is projected to grow with a CAGR of 16.9% from 2019-2027.
The report provides trends prevailing in the global clear aligners market and the factors driving the market along with those that act as hindrances. The key factors that are driving the growth of the market are the growing prevalence of dental problems, rising incidence of malocclusions in children, and an increase in demand for dental cosmetic procedures. However, the high cost of clear aligners is expected to hamper the market during the forecast period.
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The Leading Market Players Covered in this Report are:-
- Dentsply Sirona
- Institut Straumann AG
- Henry Schein, Inc.
- Align Technology, Inc.
- Great Lakes Dental Technologies
- SCHEU DENTAL GmbH
- TP Orthodontics, Inc.
The global clear aligners market, based on the type, was segmented into polyurethane plastic, polyethylene terephthalate glycol (PETG), and poly-vinyl chloride (PVC). In 2018, the polyurethane plastic segment held the largest share of the market. Moreover, the polyurethane plastic segment is expected to grow at the fastest rate during the coming year. Technological development in polyurethane plastic and its high acceptance by dentists are the significant factors driving the growth of the segment. The other significant factor driving the growth of the market is the increasing adoption of polyurethane plastic clear aligners in the future.
The significant factors fuelling the market growth are growing prevalence of dental problems, rising incidence of malocclusions in children, and an increase in demand for dental cosmetic procedures. However, the high cost of clear aligners is expected to hamper the market during the forecast period.
According to the data of Elsevier BV, the prevalence of severe deep overbite was around 8% in the US, with the average overbite ranging from 36.5% to 39.2% in children between the age of 5 and 6 years. Moreover, in a study published in the National Center for Biotechnology Information (NCBI), analysis of occlusion on some groups of adolescents between the age of 12 and 18 years was performed. According to the study, more than 93% of the subjects confirmed some form of malocclusion. Moreover, anterior crowding was more dominant among girls than boys, which was constant in Japan. Thus, the rising incidence of malocclusions in teenagers has led to increased use of clear aligners, which thereby propels the market growth.
As per the Global Burden of Diseases Study in 2016, oral diseases have affected approximately 3.58 billion people across the world. Dental diseases include dental caries. The prevalence of dental and oral conditions is rising across the region, such as crooked teeth, overbites, underbites, crossbites, spaces between teeth, teeth overcrowding, and the treatment of temporomandibular disorders (TMD). The significant factors for dental problems include periodontal diseases, injuries, accidents, and others. 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.
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Moreover, the deep bite was considerably higher in Europe (37.4%) as compared to other regions. The rising prevalence of various dental diseases has increased the use of clear aligners in the market. Therefore, owing to the factors mentioned above, the market is likely to propel during the forecast period.
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Keywords: Clear Aligners Market, Clear Aligners