Press release
Clear Aligners Market Still Has Room to Grow: Advanced Product Developments Align Technology, Dentsply Sirona, Danaher, DynaFlex, TP Orthodontics
The major players operating in the 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.
The market has carried out various organic and inorganic growth strategies in the market which has assisted in strengthening their product offering in the market.
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Benefits of Clear Aligners Market:
The key factors driving the growth of market are the growing prevalence of dental problems.
Rising incidence of malocclusions in children
Increasing demand for dental cosmetic procedures.
The high cost of clear aligners hinders the growth of the market.
Strategic Insights:
The key players such as 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 adopt several organic and inorganic strategies to enhance their revenue and market standings.
Type-Based Insights:
The global clear aligners market, based on type, is segmented into polyurethane plastic, polyethylene terephtalate glycol (PETG), and polyvinyl chloride. In 2019, the polyurethane plastic accounted for the largest market share.
Regional Outlook:
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.
Market Segmentation:
Clear Aligners Market – by Type
Polyurethane Plastic
Polyethylene Terephthalate Glycol (PETG)
Poly-vinyl Chloride (PVC)
Clear Aligners Market – by Distribution Channel
Direct Sales
Laboratories
Others
Others
Clear Aligners Market – by Age Group
Adults
Teenagers
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
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