Press Release / Clear Aligners Market
Clear Aligners Market to Reach USD 17.27 Billion by 2030; Growing Need for Dental Aesthetics to Accelerate Market Progress
June 20, 2023 | HealthcareThe global clear aligners market size was valued at USD 3.32 billion in 2022 and is predicted to reach USD 3.80 billion in 2023. The market is anticipated to touch USD 17.27 billion by 2030, recording a CAGR of 24.2% over 2023-2030.
Fortune Business Insights™ displays this information in its latest report titled “Clear Aligners Market Size, Share & COVID-19 Impact Analysis, By Patient Age Group (Teenager, and Adult), By End-user (Dentist & Orthodontist Owned Practices and Others), and Regional Forecast, 2023-2030”.
Clear aligners are dental products that are almost invisible in their appearance but can treat a wide range of dental problems, such as misalignment of teeth or malocclusion. The number of people living with malocclusion is increasing each year, which has boosted the demand for teeth alignment products. Also, clear aligners are far less painful and offer better appearance & comfort as compared to traditional braces, further boosting the market growth.
Orthodontic Procedures Decreased During COVID-19 Pandemic, Slumped Market Growth
The COVID-19 pandemic caused a moderate impact on the market progress as patients stopped visiting dental and orthodontic clinics to avoid getting infected by the virus. Elective treatments, such as orthodontic procedures witnessed a notable decline in leading countries. Also, dental clinics were compelled to shut down their operations, which further slumped the market growth. However, the market is expected to pick up pace during the post-COVID-19 period as many dental offices and orthopedic clinics resumed their operations after the outbreak.
Envista and Pacific Dental Services Extended Partnership for Dental Aesthetic Products
In January 2022, Envista Holdings Corporation extended its commercial relationship with leading dental support organization Pacific Dental Services (PDS) for an additional five years. The expansion of this relationship includes Envista’s Spark clear aligners, implant, and imaging solutions.
Growing Need for Dental Aesthetics to Accelerate Market Progress
Align Technology released data in 2021 that stated that malocclusion was one of the most common medical conditions, with 60-75% of the world’s population being diagnosed with this dental issue. The report also said that nearly 500 million people could benefit from teeth straightening procedures. Moreover, other factors, such as negligence by patients with respect to their oral health and lack of awareness about the negative effects of malocclusion are expected to boost the clear aligners market growth.
Align Technology to Lead Market Growth with Strong Sales Record
While the market has a wide range of leading players, it is being dominated by Align Technology Inc. as its leading Invisalign aligner product portfolio has a strong demand across the world. The product is said to be the only clear aligner that can treat several dental issues, such as teenagers and adults with immature dentition. Ormco Corporation is the second-biggest company in the market as it has recorded strong sales of its product, Spark Clear Aligner. The firm is also focusing on new product launches and upgrading its existing product range to maintain its market position.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/clear-aligners-market-101377
Notable Industry Development
- March 2022: Dentsply Sirona announced its partnership with Irish Distributors Dental Medical Ireland (DMI) to encourage more customers to buy its SureSmile clear aligner.
List of Key Players Profiled in the Report
- Align Technology, Inc. (U.S.)
- 3M (U.S.)
- Institut Straumann AG (Switzerland)
- Ormco Corporation (Envista) (U.S.)
- Dentsply Sirona (U.S.)
- Henry Schein, Inc. (U.S.)
- Argen Corporation (U.S.)
- Angelalign Technology Inc. (China)
Further Report Findings
- The market in North America stood at USD 1.92 billion in 2022 and is likely to hold a major global market share during the forecast period. Some of the key factors boosting the regional market’s growth include growing investments in various R&D projects and the growing presence of companies that specialize in the production of advanced clear aligners. These products are also being widely demanded by orthodontists to treat several dental disorders. Governments across the region are also introducing favorable reimbursement policies for the dentistry sector, which will further boost regional market growth.
- Europe captured a major market share in 2022 as the awareness regarding the incorporation of new technologies to improve the performance of clear aligners is rising among customers. Many companies across the region are also planning to expand their production facilities to cater to the growing demand for these products among teenagers.
- The adults segment accounted for a major market share in 2022 as a growing number of adults are suffering from malocclusion and hence, the demand for technologically advanced dental products is rising.
- The dentist & orthodontist owned practices segment held a dominant position in the market in 2022 as more patients are preferring to get treated by highly trained dentists and orthodontists.
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 24.2% from 2023 to 2030 |
Unit | Value (USD billion) |
Segmentation | Age Group; End User; and Region |
By Age Group |
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By End-user |
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By Geography |
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- 2023
- 2019-2022
- 147
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