Market Highlights
According to MRFR analysis, Invisible Orthodontics Market Share is expected to register a CAGR of 13.99% from 2019 to 2025 and held a value of USD 2598.8 Million in 2018.
Invisible orthodontic products include clear and removable braces, which are highly preferred by dental professionals for the correction of various dental disorders, such as malocclusion and crossbites, owing to their numerous benefits. These instruments are often used to correct crooked teeth, overbites, malocclusions, and other oral flaws. The growth of the global Invisible Orthodontics Market Share is boosted by factors such as rising number of strategic initiatives by key players such as mergers, joint ventures, acquisitions, partnerships, coupled with the increasing number of prescriptions across the globe. Furthermore, many non-profit organizations in various countries are working towards creating awareness in the usage of orthodontics. For instance, the British Lingual Orthodontic Society (BLOS), is a membership organization focused on raising awareness about the use of lingual braces.
However, the inconvenience associated with the use of invisible orthodontic braces is a major factor hampering preference for invisible orthodontic products and is likely to restrain the market growth to a certain extent in the coming years.
Market players such as Align Technology, Inc., Dentsply Sirona, Institut Straumann AG, and 3M, currently dominate the global Invisible Orthodontics Market Share. The key players are involved in product launches and strategic collaborations to strengthen their market positions. For instance, in April 2018, Align Technology, Inc. (US) commercially launched the Vivera Retainers with Precision Bite Ramps. Similarly, in April 2017, Dentsply Sirona (US) announced the expansion of treatment indications of its clear aligner. Minor Tooth Movement (MTM). This clear aligner combines proven orthodontic techniques with advanced digital modeling to provide dental professionals with a streamlined solution for treating minor anterior misalignments.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas held maximum share in the base year 2018, owing to the high incidence rates of dental-related disorders in countries such as the US. The Invisible Orthodontics Market Share in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European Invisible Orthodontics Market Share has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Invisible Orthodontics Market Share in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Invisible Orthodontics Market Share in this region is anticipated to be the fastest-growing during the assessment period due to the increasing awareness about the advantages of invisible orthodontic products. The Invisible Orthodontics Market Share in the Middle East & Africa has been divided into the Middle East and Africa.
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Segmentation
The Global Invisible Orthodontics Market Share has been segmented based on product type, age group, application, and end-user.
The market, based on product type, has been divided into clear aligners, braces, and clear retainers. The clear aligners segment is held a major share in 2018 owing to the rising number of patients opting for clear aligners in the developing as well as developed countries. The braces segment was the fastest-growing segment in 2018 due to the increasing awareness created about ceramic and lingual braces by key players in the market. The market, based on clear aligners, has further segmented into hard, medium, and soft. The market, based on braces, has been further bifurcated into ceramic braces, and lingual braces.
The Global Invisible Orthodontics Market Share has been segmented, based on the age group, into below 15, 16 to 35, and above 35. In 2018, segment 16 to 35 held the majority share of the market owing to the increasing number of people in the age group preferring corrective dental procedures. The below 15 years segment is anticipated to be the fastest-growing during the forecast period due to the increased number of new product launches and approvals of braces and clear aligners for adolescents.
The global Invisible Orthodontics Market Share, based on application, has been segmented into excessive spacing, crowding, malocclusion, abnormal eruptions, and others. The excessive spacing segment held the maximum share in 2018 owing to the rise in the number of cases, pushing the key companies in the market to invest more in research and development for the manufacturing of innovative products. The malocclusion segment is expected to be the fastest-growing during the assessment period due to the increasing number of open bite and crossbite cases in developing countries. The market, based on malocclusion, has been further segmented into open bite, deep bite, and crossbite.
Key Players
Some of the Key Players in the Global Invisible Orthodontics Market Share are 3M (US), Align Technology, Inc. (US), Clarus Company (US), ClearPath Healthcare Services (US), Danaher Corporation (US), Dentsply Sirona (US), DynaFlex (US), Henry Schein, Inc. (US), Institut Straumann AG (Switzerland), and Ormco (US).
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