July 10, 2020
According to the research report titled ‘South East Asia Clear Aligner Market - Analysis By End Users (Teenagers and Adults), By Country, Company Analysis (2019 Edition): Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC, southeast Asia clear aligner market generated revenues worth USD 47.78 million in 2018 and is predicted to expand substantially through 2024.
Improving economic conditions in countries such as Thailand, Malaysia, Singapore, Cambodia, Philippines and Vietnam along with increasing investments towards healthcare infrastructural development are prime factors driving the growth of clear aligner market in southeast Asia. Growing demand for the product and implementation of various structural reforms in Philippines and Indonesia are also fueling the market size.
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Citing the end-user landscape, southeast Asia clear aligner industry is bifurcated into adults and teenagers. The report claims that adults segment is expected to register considerable growth during the study period. Growing population and rising cognizance of maintaining oral hygiene are contributing towards popularity of clear aligners among adults in southeast Asia. Improving per capita income, escalating healthcare expenditure and increasing awareness pertaining to the benefits of clear aligners are also aiding the segmental growth.
High pervasiveness of crooked or malocclusion teeth have increased the susceptibility to permanent teeth caries. Shifting focus among manufacturers towards providing high quality oral healthcare in order to meet the consumer demands is also augmenting the clear aligners market outlook.
From the regional frame of reference, southeast Asia clear aligner industry is split into Vietnam, Malaysia, Thailand, Indonesia, Singapore and rest of southeast Asia.
The major companies formulating the competitive arena of southeast Asia clear aligner market are Henry Schein Inc., 3M Co., Straumann Group, Dentsply Sirona and Align Technology among others.