In a similar fashion to braces, the translucent trays used for clear aligners are created from a special material like polyurethane plastic, poly-vinyl chloride (PVC), polyethylene terephthalate glycol (PETG), and ethylene vinyl acetate (EVA). Without the bother of traditional brackets and metal wires, clear aligners gently and steadily push teeth into place. Each patient’s set of clear aligners is developed specifically for them and their degree of dental misalignment (malocclusion). A digital scan is used to create individualized clear aligners. Overbites (when the upper and lower front teeth overlap), underbites (when the upper and lower front teeth overlap), crowded teeth, diastema (gaps between teeth) and misaligned primary (baby) teeth are only some of the dental issues that can be corrected using clear aligners.
Throughout the projection period, the market for clear aligners worldwideis projected to grow at a CAGR of 17.0%, from an anticipated value of US$ 3,922.7 Mn in 2022. (2022-2030).
Over the projected period, the worldwide clear aligners market is expected to rise because to the rising occurrence of dental issues such as misaligned teeth and malocclusion.
For example, in an article posted in the open access scientific journal European Journal of Pediatric Dentistry in June 2020, the estimated global incidence of malocclusion in 2019 was 56%, with the high incidence in Africa (81%) and Europe (72%), led by the Americas (53%) and Asia (48%) respectively. As a person closes their mouth, the top and lower teeth may not meet properly, a condition known as malocclusion. Typical treatments for malocclusion include the use of transparent braces, aligners, etc.
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Over the projected period, the market is expected to rise as a result of rising R&D spending on the launch of technologically sophisticated clear aligners.
For example, the innovative OraFit bespoke clear aligner device for the treatment of malocclusion was unveiled in February of 2022 by Canadian pharmaceutical company Bausch Health Companies Inc. This brand-new transparent aligner system is now available to dental professionals and their patients, and it has a three-layer construction and is built of high-performance materials. The OraFit bespoke transparent aligner system satisfies the growing need for enhanced aesthetics, aligner comfort, and overall oral health.
The global market for clear aligners is likely to expand throughout the predicted period as key manufacturers work to gain regulatory approval for their products.
In June 2021, for instance, Ormco Corporation is a U.S.-based orthodontic technology business, announced that its Spark Clear Aligner System had been approved by the United States Food and Drug Administration (U.S. FDA) for treating mixed dentition in children and adolescents.
Market for clear aligners worldwide– Impact of Coronavirus (Covid-19) Pandemic
According to the World Health Organization (WHO), SARS-CoV-2 (Severe acute respiratory syndrome coronavirus) was first discovered in Wuhan, China in December 2019 and has since been labeled a global pandemic (COVID-19). As per World Health Organization’s Weekly Epidemiological Report on Coronavirus (COVID-19), as of May 15, 2022, COVID-19 had infected more than 519 Mn people and caused more than 6.3 Mn fatalities over the world. COVID-19 has had a profoundly damaging effect on the healthcare sector, and its effects may be seen throughout the industry’s supply chain, from raw materials to manufacturing to delivery. Movement restrictions and lockdowns caused by the COVID-19 epidemic also hampered the expansion of the market for clear aligners. Sales of transparent aligners, on the other hand, have increased generally since lockdown’s release in mid-2020.
In February 2021, for example, Align Technologies, a medical device manufacturer in the United States, 1,645,000 units of clear aligners will be purchased in 2020, resulting in revenue of US$2.1 Bn, an increase of 5% over the previous year, 2019. The business also revealed that it will distribute 49,615 clear aligner cases to dentists in the Americas in 2020 (up from 47,130 in 2019) and 52,445 cases to dentists outside of the Americas (in comparison to 48,650 in 2019).
Market for clear aligners worldwide– Restraint
The high price of clear aligners and the general public’s lack of knowledge about dental health issues are two factors that are likely to restrain the expansion of the market for clear aligners worldwidein the coming years.
Clear aligners can be purchased from anywhere between US$ 540 and US$ 6,061. Ampa Orthodontics Private Limited, an Indian orthodontics company, produces the Toothsi Simple for around 54,999 (US$ 708), while the Toothsi prime costs about 69,999 (US$ 901).
The main companies functioning in the market of clear aligners are Align Technology, Inc., DynaFlex, Dentsply Sirona, Inc., SmileDirectClub, Straumann Group, Danaher, Henry Schein, Inc., Great Lakes Dental Technologies, Rocky Mountain Orthodontics, eXceed, 3 M, Argen Corporation, Illusion Aligners, Candid Care Co., Tianjin ZhengLi Technology Company Limited, Scheu Dental, TP Orthodontics, Inc., K-Line Europe, 32 Watts, and Klear Aligner.
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|The market size value in 2023|
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Clear Aligners Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Clear Aligners Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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