Clear Aligners Market – Size, Share, Outlook and Opportunity Analysis, 2018 – 20
Posted by priya saraf on July 17th, 2019
Global Clear Aligners Market – Effective Solution for a Better Smile
Clear aligners are used to straighten teeth for appropriate positioning of teeth. Clear aligners are the best substitute for old and conventional braces, and are designed in such a way that helps guide teeth into their proper position. Aligners take less time to complete the treatment procedure and are cost effective. They also avoid side effects such as plaque buildup, tooth decay, mouth sores, and injuries, which is caused by regular metal braces.
The clear aligners market is expected to gain significant traction owing to rising disposable income, people are willing to spend more on dental services, both medical and cosmetic. According to the American Academy of Cosmetic Dentistry, in the U.S., dental cosmetic services are becoming increasingly popular, with citizens spending majorly on professional teeth whitening and straightening The global clear aligners market size was valued at US$ 1,789.2 million in 2017, and is expected to exhibit a CAGR of 17.0% over the forecast period (2018 – 2026).
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Increased spending on dental health to propel clear aligners market growth
Increased financial support for healthcare from public and private sources such as the Centers for Medicare and Medicaid Services (CMS) has reduced out-of-pocket spending. Therefore, spending on dental health has increased further over the past few years due to growing support from CMS and American Dental Association (ADA). For instance, according to the American Dental Association, in the U.S., dental care expenditure was valued at US$ 117.5 Bn in 2015.
Rising government support in emerging economies for growth of healthcare sector is expected to drive growth of the clear aligners market during the forecast period. For instance, the Government of India permitted 100% FDI World Dental Federation for health and medical services and also reduced the custom duty on all medical devices, including dental devices from 7.5% to 5% in 2013-14, which in turn created a highly conducive environment for growth of the market in the country.
Improvement in dental care infrastructure in emerging economies is another factor that is expected to fuel market growth. The dentist-population ratio has drastically improved in the past one to two decades. For instance, in 2014, the dentist-population ratio in India reached 1:10,000 from 1:300,000 in 1960.
Major players operating in the global clear aligners market include Align Technology, Inc., DynaFlex, Dentsply Sirona, Inc., SmileDirectClub, Straumann Group, Danaher Corporation, Henry Schein, Inc., Great Lakes Dental Technologies, Rocky Mountain Orthodontics, and eXceed.
Market players are focused on launching cost effective products for patients, thereby providing affordable options and propelling the market growth. For instance, in September, 2018, Dentsply Sirona Inc. introduced the SureSmile Aligner clear aligner solution at Dental Meeting in Orlando
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About the Authorpriya saraf
Joined: May 23rd, 2019
Articles Posted: 166
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