Invisible Orthodontics Market Overview
These factors are better awareness regarding the treatments related to setting up the dental structure, high disposable income, the inclusion of latest technologies, lesser number of doctor visits, and others can help the market growth.
Due to lockdown implemented to control the COVID 19 spread, people are increasingly adopting teledentistry to straighten teeth at home comfort. And, the technology is providing uninterrupted services even during the coronavirus crises. Resultantly, the invisible orthodontics market is expected to witnesses a steady increase during the lockdown period as well.
Market Research Future (MRFR), in its recent report, asserts that the already booming global Invisible Orthodontics Market would steadily grow at 12.40% CAGR during the assessment period (2022 – 2030). , the market valuation had reached USD 12.7 billion by 2030. Additionally, factors such as the dramatically evolving dentistry and increasing product launch in the market foster market growth.
However, chances are high that the market may get adversely affected by the high cost associated with it. Also, it takes around two years for a full set, which may deter people from having such medical benefits.
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Invisible Orthodontics Market Segmentation
The global invisible orthodontics market is segmented by product type, age group, and application.
By product type, it is segmented into clear retainers, clear aligners, and braces. Clear aligners are further segmented into soft, hard, and medium. Among them, the clear aligners segment held the lion’s share in 2018 and will continue to dominate due to launch of similar products by key companies. On the other hand, braces are predicted to exhibit a robust growth rate during the forecast period due to awareness campaigns of key companies.
By age group, it is segmented into above 35, 16-35, and below 15. The 16-35 segment is pegged to grow at an accelerated pace owing to majority of customers belonging to this demographic. Rising cases of dental disorders and change in lifestyles can influence the segment growth in the global invisible orthodontics market. However, the above 35 and below 15 segments can generate significant revenue during the forecast period.
By application, it is segmented into malocclusion, abnormal eruptions, excessive spacing, crowding, and others. ‘Others’ comprise overjets, underbites, and others. Excessive spacing had held a large market share in 2018 due to awareness of spacing and corrective measures taken by patients to prevent further proper functioning. On the flip side, malocclusion can generate revenue the fastest owing to increasing cases of openbites and crossbites.
Invisible Orthodontics Market Regional Analysis:
The global invisible orthodontics market is segmented by product type, age group, and application.
By product type, it is segmented into clear retainers, clear aligners, and braces. Clear aligners are further segmented into soft, hard, and medium. Among them, the clear aligners segment held the lion’s share in 2018 and will continue to dominate due to launch of similar products by key companies. On the other hand, braces are predicted to exhibit a robust growth rate during the forecast period due to awareness campaigns of key companies.
By age group, it is segmented into above 35, 16-35, and below 15. The 16-35 segment is pegged to grow at an accelerated pace owing to majority of customers belonging to this demographic. Rising cases of dental disorders and change in lifestyles can influence the segment growth in the global invisible orthodontics market. However, the above 35 and below 15 segments can generate significant revenue during the forecast period.
By application, it is segmented into malocclusion, abnormal eruptions, excessive spacing, crowding, and others. ‘Others’ comprise overjets, underbites, and others. Excessive spacing had held a large market share in 2018 due to awareness of spacing and corrective measures taken by patients to prevent further proper functioning. On the flip side, malocclusion can generate revenue the fastest owing to increasing cases of openbites and crossbites.
keyplayers
The global market for invisible orthodontics would gain substantially from the participation of several companies like Align Technology, Inc. (US), 3M (US), ClearPath Healthcare Services (US), Clarus Company (US), Dentsply Sirona (US), Institut Straumann AG (Switzerland), Danaher Corporation (US), Henry Schein, Inc. (US), DynaFlex (US), and Ormco (US). These companies are investing substantial time behind forming a decent market strategy that would often rely on mergers, collaborations, hike in investment for research projects, better marketing strategy to launch innovative products, acquisitions, and others. These factors would back market growth.
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