Clear Aligners Market is expected to reach US$ 8,708.67 Mn by 2028

Published Date: 19 May 2021

Report : Clear Aligners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type [Polyurethane Plastic, Polyethylene Terephthalate Glycol (PETG), and Poly-vinyl Chloride (PVC)], Distribution Channels (Direct Sales, Laboratories, and Others), and Age (Adults and Teenagers)

Polyurethane Plastic Segment to Account for Largest Share by 2028

 

According to our new market research study on “Clear Aligners Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Distribution Channel, Age Group, and Geography,” the market is expected to reach US$ 8,708.67 million by 2028 from US$ 2,430.84 million in 2020. It is estimated to grow at a CAGR of 15.9% from 2021 to 2028. The key factors driving the growth of market are the growing prevalence of dental problems, rising incidence of malocclusions in children, and increasing demand for dental cosmetic procedures. However, the high cost of clear aligners hinders the market growth. Based on type, the global clear aligners market is segmented into polyurethane plastic, polyethylene terephthalate glycol (PETG), and poly-vinyl chloride (PVC),. In 2020, the polyurethane plastic segment held the largest share of the market. Also, the same segment is anticipated to register the highest CAGR in the market during the forecast period. Technological development in polyurethane plastic and its high acceptance by dentists are the major factors driving the market growth for the segment. In addition, the increasing adoption of polyurethane plastic clear aligners would bolster the market growth for this segment in the future.

 

In recent years, dental treatment has emerged as an increasingly popular type of medical tourism. In this trend, travelers outside of the local healthcare system receive treatment at a substantially lower price. The procedure generally takes place at the end of a vacation to make the most of the travel expenses. The bulk of dental tourism commercials target Americans to take treatment in Mexico or Costa Rico and Australians to take treatment in Thailand, South Korea, and India. Dental tourism is a growing segment in the medical tourism market.

In the US and Canada, the citizens do not have dental insurance, and the low-cost treatment is the attracting factor in the region. The cost of the dental cosmetic procedure is less in Mexico, i.e. about 60% less than the US prices. The difference in the amount of standard cosmetic dentist procedure and a top cosmetic dentist procedure in Mexico is around US$ 50 to US$ 150 per crown or veneer. Mexico dentists provide cheap crowns with high-quality laboratories and materials. Therefore, the dental tourism in Mexico has flourished in the past a few years due to the factors such as the high quality of treatments at a lower price than other countries, government and industrial infrastructure, developments in the dental industry, and easy accessibility. Similarly, dental tourism is increasing in Asian countries such as India, South Korea, Thailand, and others. As per the Journal of Clinical and Diagnostic Research 2016, the cost for smile designing in the US is nearly US$ 8,000, whereas it costs about US$ 1,000 in India. Singapore is promoting medical and dental services at affordable prices. Many patients from nearby countries such as Malaysia and Indonesia as well as patient from established countries such as the US and the UK are referring Singapore for their dental treatments. The increasing penetration of patients for a dental procedure in the emerging markets is likely to offer growth opportunities for the clear aligners market in these regions during the forecast period.

 

The COVID-19 outbreak has been adversely affecting the most of the businesses globally since December 2019. The impact of the outbreak has placed many clear aligner manufacturing companies under pressure due to low sales and disruption in supply chains. As the oral treatments and procedures are directly contacted with patients’ oral fluid, they can create possible risk of infections. Thus, to prevent the spread of the novel coronavirus that causes COVID-19 and maintain social distance, the dental appointments have been restricted. The scenario is restraining the growth of clear aligners market.

 

Align Technology, Inc.; Dentsply Sirona; Danaher; Institut Straumann AG; 3M; Henry Schein, Inc.; TP Orthodontics, Inc.; DynaFlex; Great Lakes Dental Technologies; and SCHEU DENTAL GmbH are among the leading companies operating in the clear aligners market.

 

Clear Aligners Market, by Region, 2020 (%)

Clear Aligners Market, by Region, 2020 (%)

 

The Report Segments Clear Aligners Market as Follows:

 

By Type

  • Polyurethane Plastic
  • Polyethylene Terephthalate Glycol (PETG)
  • Poly-vinyl Chloride (PVC)

By Distribution Channel

  • Direct Sales
  • Laboratories
  • Others

By Age Group

  • Adults
  • Teenager

By Geography

  • North America
      • US
      • Canada
      • Mexico
  • Europe
      • France
      • Germany
      • UK
      • Russia
      • Italy
  • Asia Pacific (APAC)
      • China
      • India
      • Japan
      • Australia
      • Taiwan
      • South Korea
  • Middle East and Africa (MEA)
      • Saudi Arabia
      • UAE
      • South Africa
  • South and Central America (SCAM)
      • Brazil
      • Argentina

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