Invisible Orthodontics Market is projected to expand at a high CAGR of 14.7% fro

Posted by Aniket Ankushrao on May 17th, 2019

Transparency Market Research (TMR) has published a new report titled ‘Invisible Orthodontics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global invisible orthodontics market was valued at US$ 2,149.4 Mn in 2017 and is projected to expand at a CAGR of 14.7% during the forecast period from 2018 to 2026. The global market is anticipated to be driven by a rise in the population suffering from malocclusion, rapid utilization of clear aligners in developed regions, and increase in awareness campaigns by industry players. The invisible orthodontics market in Asia Pacific is expected to expand at a high CAGR of 15.8% due to a rise in the target patient pool and rise in awareness about clear aligners in emerging countries such as India and China.

 

Increase in Prevalence of Malocclusion Globally Drives the Market

 

Rise in the prevalence of malocclusion across the world is a major driver of the market. Malocclusion, or teeth irregularity, is a highly common dental disorder, after periodontal disease and tooth decay, across the globe. There are various forms of malocclusion including cross bite, overbite, under bite, crowded teeth, and open bite. Malocclusion is a highly prevalent clinical dental condition affecting billions of people across the globe. For instance, it is estimated that the condition is present in approximately 75% of the population globally. Moreover, approximately 10 million people in major developed countries opt for orthodontic treatment worldwide. Thus, an increase in the target patient pool suffering from malocclusion is expected to drive demand for advanced orthodontics, which is likely to boost market growth in the next few years.

 

Clear Aligner Segment Dominated the Market

 

In terms of product, the market can be classified into clear aligners, ceramic braces, and lingual braces. The clear aligners segment is projected to account for a leading share of the global market during the forecast period, owing to advantages offered over conventional braces. Clear aligners are easily removable, virtually invisible, easy to use, and offer a high level of comfort and convenience to patients with misaligned teeth. The segment is expected to expand at a strong growth rate in the next few years, due to a rise in awareness about clear aligners in emerging countries.

 

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Teenagers to be Most Lucrative Segment

 

Based on patient group, the global invisible orthodontics market has been segmented into adults and teenagers. The teenagers segment is projected to expand at a high CAGR during the forecast period, owing to a rise in focus on esthetics among teens to improve the appearance and function of their smiles. Moreover, a rise in marketing campaigns by leading players to create awareness about invisible aligners among teens and their parents is further expected to drive segment growth. For instance, Align Technology Inc. collaborated with AwesomenessTV and created a series of custom short films on invisible clear aligners to reach out to the teen audience to promote their brand Invisalign.

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Aniket Ankushrao

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Aniket Ankushrao
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