Kenneth Research recently added a report on ‘South East Asia Clear Aligner Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the South East Asia Clear Aligner Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for South East Asia Clear Aligner Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
South East Asia Clear Aligner Market was valued at USD 47.78 Million in the year 2018. With presence of economies including Vietnam, Philippines, Cambodia, Singapore, Malaysia, Thailand that are witnessing strong economic growth and resilient domestic demand coupled with high infrastructure spending and execution of various structural economic reforms in economies such as Indonesia and Philippines, has been estimated to accelerate the Clear Aligner Market Growth in the region during the period of 2019-2024.
Adults have been estimated to witness growth at a noteworthy rate over the coming years owing to presence of huge population base with consumers paying more attention to maintaining healthy oral hygiene followed by growing awareness among consumers regarding application and various captivating features of using clear aligners supported by rising middle class families and enhanced investment in the health care industry by private groups will be supplementing growth in the market for Clear Aligners in the region during the coming years.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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In addition, rising investment by major leading clear aligner manufacturers in the region with enhanced availability of clear aligners and growing number of individuals with permanent teeth caries which is a direct result of malocclusion or crooked teeth backed with growing focus of manufacturers on providing high quality and technologically advanced oral healthcare products in order to utilize the untapped market potential in the region will be spurring the market growth during the forecast period.
Scope of the Report
South East Asia Clear Aligner Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Clear Aligner Market – Size, Growth, Forecast
• Analysis by End Users: Teenagers and Adults
Country Analysis – Singapore, Indonesia, Thailand, Malaysia, Vietnam and Rest of South East Asia (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Clear Aligner Market – Size, Growth, Forecast
• Analysis by End Users: Teenagers and Adults
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Other Report Highlights
• Competitive Landscape
• Leading Companies
• Most Recent Market Outlook
• Market Dynamics – Drivers and Restraints.
• Market Trends
• SWOT Analysis.
• Company Analysis – Align Technology, Dentsply Sirona, Straumann Group, 3M, Henry Schein.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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