South Korea Invisible Orthodontics Market Size & Outlook
- MedTech
- Dental Devices
- Invisible Orthodontics Market Outlook
- Dental Devices
South Korea Invisible Orthodontics Market, 2018-2030 (US$M)
Global Market
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South Korea invisible orthodontics market highlights
- The South Korea invisible orthodontics market generated a revenue of USD 51.1 million in 2023 and is expected to reach USD 332.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 30.7% from 2024 to 2030.
- In terms of segment, clear aligners was the largest revenue generating product in 2023.
- Clear Aligners is the most lucrative product segment registering the fastest growth during the forecast period.
Invisible orthodontics market data book summary
| Market revenue in 2023 | USD 51.1 million |
| Market revenue in 2030 | USD 332.1 million |
| Growth rate | 30.7% (CAGR from 2023 to 2030) |
| Largest segment | Clear aligners |
| Fastest growing segment | Clear Aligners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clear Aligners, Ceramic Braces, Lingual Braces |
| Key market players worldwide | Dentsply Sirona Inc, Straumann Holding AG, Envista Holdings Corp Ordinary Shares, Henry Schein Inc, SmileDirectClub Inc Ordinary Shares - Class A, Align Technology Inc, 3M Co |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global invisible orthodontics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Australia invisible orthodontics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,038.8 million by 2030.
The country largely benefits from primary and secondary dental care through National Health Insurance and the cost of dental treatment is covered, except for prosthetic & aesthetic dental care. However, aesthetic enhancements are part of the Korean lifestyle and according to the Washington Post, 20% of women have undergone some form of cosmetic surgery.
Cosmetic dentistry in the country is also quite popular and is rigorously adopted. Factors such as rising dental disease burden, increasing geriatric population, and favorable government initiatives are likely to propel the growth of invisible orthodontics market in the country.
The country is also one of the largest markets for orthodontic appliances in the APAC region for companies such as Straumann and Align Technology. This is propelling the market growth in the country.
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Invisible Orthodontics Market Scope
Invisible Orthodontics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 3M Co | View profile | 85,000 | 3M Center, St. Paul, MN, United States, 55144 | www.3m.com |
| Dentsply Sirona Inc | View profile | 15,000 | 13320 Ballantyne Corporate Place, Charlotte, NC, United States, 28277-3607 | www.dentsplysirona.com |
| Straumann Holding AG | View profile | 11,109 | Peter Merian-Weg 12, Basel, Switzerland, 4002 | www.straumann-group.com |
| Henry Schein Inc | View profile | 25,000 | 135 Duryea Road, Melville, NY, United States, 11747 | www.henryschein.com |
| Align Technology Inc | View profile | 21,670 | 410 North Scottsdale Road, Suite 1300, Tempe, AZ, United States, 85288 | www.aligntech.com |
| Envista Holdings Corp Ordinary Shares | View profile | 12,800 | 200 S. Kraemer Boulevard, Building E, Brea, CA, United States, 92821 | www.envistaco.com |
| SmileDirectClub Inc Ordinary Shares - Class A | View profile | 2,700 | 414 Union Street, Nashville, TN, United States, 37219 | www.smiledirectclub.com |
South Korea Invisible Orthodontics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Invisible Orthodontics Market Outlook will help companies and investors design strategic landscapes.
Clear Aligners was the largest segment with a revenue share of 78.67% in 2023.
Horizon Databook has segmented the South Korea invisible orthodontics market based on clear aligners, ceramic braces, lingual braces covering the revenue growth of each sub-segment from 2018 to 2030.
The country largely benefits from primary and secondary dental care through National Health Insurance and the cost of dental treatment is covered, except for prosthetic & aesthetic dental care. However, aesthetic enhancements are part of the Korean lifestyle and according to the Washington Post, 20% of women have undergone some form of cosmetic surgery.
Cosmetic dentistry in the country is also quite popular and is rigorously adopted. Factors such as rising dental disease burden, increasing geriatric population, and favorable government initiatives are likely to propel the growth of invisible orthodontics market in the country.
The country is also one of the largest markets for orthodontic appliances in the APAC region for companies such as Straumann and Align Technology. This is propelling the market growth in the country.
- South Korea Invisible Orthodontics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Clear Aligners
- Ceramic Braces
- Lingual Braces
- South Korea Invisible Orthodontics Market Age Outlook (Revenue, USD Million , 2018-2030)
- Teens
- Adults
- South Korea Invisible Orthodontics Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Stand Alone Practices
- Group Practices
- Others
- South Korea Invisible Orthodontics Market Dentist Type Outlook (Revenue, USD Million , 2018-2030)
- General Dentists
- Orthodontists
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Invisible Orthodontics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Invisible Orthodontics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Invisible Orthodontics Market, 2018-2030 (US$M)
South Korea invisible orthodontics market statistics, by product, 2018-2030 (US$M)
