Clear Aligners Market Information By Age Group (Adult and Teen), By Material Type (Polyurethane Plastic, Polyethylene Terephthalate Glycol, and Poly-vinyl Chloride), By End-User (Hospitals, Standalone Practices, Group Practices, and others), By Distribution Channel Outlook (Direct Sales, Laboratories, and others), and By Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2030
Clear Aligners Market Overview
The clear aligners market size is projected to reach USD 9.3 billion by 2030, at a CAGR of 22.09% from 2022 to 2030. Clear aligners are a sequence of tight-fitting custom-made orthodontic systems that help correct misaligned or uneven teeth. Clear aligners are becoming more and more popular, which is accelerating the market’s steady growth. The advantages of clear aligners are increasing the number of people who choose them. This is mainly because more people are choosing cosmetic dental operations now than in previous years. The industry is expected to change favourably in the upcoming years as a result of technological advancements such 3D printing, dental CAD software, and thermoforming machines.
A significant portion of the market for clear aligners is being formed by the steadily growing expansions seen in dental care organizations around the world. The service these dental service providers provide is a key element driving increased demand for clear aligners among different customer groups internationally. It is projected that rising healthcare spending would open up more opportunities for the growth of clear aligners. In the upcoming years, it is anticipated that the sophisticated technology used in a variety of healthcare applications would further contribute to the market’s growth. The global market for clear aligners is predicted to be significantly impacted by the rising prevalence of dental problems and the preference for innovative treatment options.
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Additionally, the number of patients experiencing various dental alignment issues has increased dramatically, generating a sizable market niche for market growth. Additionally, it is anticipated that the demand potential from emerging economies will accelerate the development of the clear aligners market in the upcoming projection period. However, considerations like the restrictions placed on their use and the existence of a grey market for their distribution may hamper the market for clear aligners.
Clear Aligners Market Segmentation
Age, product type, distribution method, and geographic region have all been used to segment the global market for clear aligners. The market is divided into three categories based on the sorts of products: medium type, hard type, and soft type. The category based on product type is anticipated to grow at a rate of 20.80% over the forecast period and is expected to reach a market value of USD 3982.30 million during the forecast period. Teenagers and adults are used as the primary age groups for segmenting the global market for clear aligners.
By far the highest market share in terms of dollar volume is held by the adult segment, which is expected to expand to a projected value of USD 2996.59 Mn during the forecast period. During the forecast period, the teenaged sector is anticipated to grow at the highest CAGR of 21.90%. The market for clear aligners is divided into laboratories, direct sales, and others based on the distribution channel. In 2017, the direct sales channel held a 78% market share, it is expected to reach USD 3185.47 million. According to estimates, the category will see a CAGR of 21.28% throughout the forecast period.
Clear Aligners Market Regional Analysis
The regions that are included in the geographical analysis of the market for clear aligners globally are the Americas, the Middle East, Asia Pacific, Europe, and Africa. Due to the abundance of specialist treatments provided in North American nations, such as cosmetic dentistry, the Americas area is predicted to hold the majority of the market. The market for clear aligners is expanding in these nations due to the rising demand for new technologies and the intensifying health spending per person. The market in the Americas area is primarily driven by the presence of a significant number of well-known companies in this region. The second largest market is located in the European region, partly because there is a growing need for dental procedures and a high level of professional agreement.
Additionally, the market for clear aligners in the European region is being driven by the rising incidence of dental issues, extensive use of technologically improved techniques, and expanding significance of treatment, planning, and diagnostics in implant dentistry in European nations. With consistently growing economies that are forecast to slow the rate of the region’s expansion, the Asia Pacific region is predicted to have a wealth of prospects. The most recent advancements in healthcare, affluent economies, and individual discretionary income are also fueling industry growth. The Middle East and Africa, which had the lowest market share in 2017 because to their slow economic growth and relatively low income, were expected to expand due to the rising incidence of dental abnormalities and the need for better treatments in the region’s nations.
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Clear Aligners Market Key Players
The key Player of Aligner market are:
- Align Technology Inc
- Dentsply Sirona
- Institut Straumann AG
- Clarus Company
- Danaher Corporation
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