The global clear aligners market was valued at USD 4.5 Billion in 2021 and it is anticipated to grow up to USD 40.2 Billion by 2031, at a CAGR of 24.5% during the forecast period.
New York, According to a new market research report published by Global Insight Services “Clear Aligners Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Clear aligners refer to transparent trays composed of special material. This dental equipment is employed in improving the posture of misaligned or crooked teeth. These orthodontic systems are used to straighten teeth and offer an optimal alternative to conventional braces. Clear aligners are visually discreet and designed in accordance with patients’ convenience and flexibility. They use gentle and simultaneous force to position the teeth in the proper position without requiring going through the hassles of conventional braces.
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Market Trends and Drivers
The rise in the number of orthodontic patients suffering from ailments such as malocclusions and temporomandibular jaw misalignment has prompted an increase in the demand pertaining to aesthetic and convenient alternatives to traditional fixed appliances. Improvements in aligner technology have increased the scope of its application & the enabled the treatment of complex cases. The use of this device offers an aesthetic and convenient experience, promotes oral hygiene, causes relatively less pain, and limits the number & duration of clinical visits. The growing demand for customized clear aligners is further accelerating the product demand. Technological advancements in dental treatment including clear aligner therapy, and rapidly aging population suffering with malocclusions are driving the clear aligners market expansion.
Market Restraints and Challenges
High cost of clear aligners may negatively impact the clear aligners industry growth. The cost of clear aligners varies based on the misalignment of the teeth to be corrected and other variables that can be evaluated by a dental professional. Thus, the cost of aligners is determined using a broad spectrum of criteria, such as the intricacy of the case, the number of enhancements needed, and the number of aligners employed. The high cost of acquisition of clear aligners hampers its adoption rate, especially in the emerging markets. For instance, the general cost ranges from USD 3,000 to USD 8,000, with majority of these aligners costing around USD 4,000 to USD 5,000. Moreover, in developing countries such a high cost of equipment restricts the dental practitioners from opting for the product. Thus, significant cost of clear aligners may impede their market growth.
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Global Clear Aligners Market Segmentation
By Age Group
- Adults
- Teens
By End-user
- Hospitals
- Dental and Orthodontal Clinics
- Others
Major Players in the Global Clear Aligners Market
The key players in the market Align Technology, Dentsply Sirona, Patterson Companies Inc., Institute Straumann, Danaher Corporation, 3M EPSE, Argen Corporation, Henry Schein Inc. and TP Orthodontics Inc. among others.
COVID-19 Impact
The COVID-19 pandemic emerged as a global health crisis and inflicted notable disease burden & financial adversities on several sectors of the global economy. Multiple sectors including the healthcare industry have foreseen significant transitions during the first half of 2020. This has resulted in delay or postponing several medical procedures. However, despite these developments, the COVID-19 pandemic had a positive impact on the clear aligners market growth.
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Reasons to buy Clear Aligners Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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