Pune, India, May 18, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, global Clear Aligners Market size was valued at USD 3.45 billion in 2021 and is projected to grow from USD 4.09 billion in 2022 to USD 16.11 billion by 2029, exhibiting a CAGR of 21.6% during the forecast period. The rising prevalence of malocclusion and unmet population needs are likely to elevate this industry’s progress. Fortune Business Insights presents this information in its report titled “Clear Aligners Market Forecast, 2022-2029”.
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Key Industry Development
- March 2022: Dentsply Sirona engaged in a partnership with Dental Medical Ireland (DMI) to enhance its SureSmile clear aligner preference among consumers.
Key Takeaways:
- Expected to drive the market due to increase awareness about its products and expand its customer reach.
- Increasing beauty standards in terms of oral health is raising the demand for advanced orthodontics.
- The market in North America stood at USD 2.00 billion in 2021
- The dentist & orthodontist-owned practices segment dominated the global market during the forecast period.
Discover the Leading Players Featured in the Report:
“Companies leading the clear aligners market are 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)”
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 21.6% |
| 2029 Value Projection | USD 16.11 Billion |
| Base Year | 2021 |
| Market Size in 2022 | USD 4.09 Billion |
| Historical Data | 2018 to 2020 |
| No. of Pages | 133 |
| Segments covered | By Age Group, End-user, and Region |
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Drivers and Restraints
Robust Dental Aesthetics Adoption to Propel Market Growth
Clear aligners are used to solve mild to moderate orthodontic issues. Increasing malocclusion cases and robust dental aesthetic adoption are expected to foster the demand for clear aligners. Further, the treatment's rising benefits compared to traditional methods are likely to foster the demand for aligners. Moreover, increasing advantages of clear aligners, including comfort, convenience, appearance, and higher customizability, are likely to elevate its sales. Also, the robust demand for advanced orthodontics is likely to foster the product adoption. These factors may drive the clear aligners market growth.
However, rising competition from direct-to-consumer manufacturers may hinder market progress.
Segments
Adult Segment to Dominate Backed by Robust Demand for Dental Aesthetics
By age group, the market is segmented into teenage and adults. The adults segment is expected to lead due to the robust demand for dental aesthetics.
Dentist & Orthodontist Owned Practices Segment to Lead Owing to Higher Procedural Volume
As per end-user, the market is classified into dentist & orthodontist owned practices and others. The dentist & orthodontist owned practices segment is expected to lead due to higher procedural volume.
Regionally, the market is clubbed into North America, Europe, Asia Pacific, and the Rest of the World.
Regional Insights
Presence of Numerous Players to Foster Market Progress in North America
North America is projected to dominate the clear aligners market share due to the presence of major players. The market in North America stood at USD 2.00 billion in 2021 and is expected to gain a huge portion of the global market share in the coming years. Furthermore, increasing R&D investments by manufacturers in the region are expected to foster this industry’s growth prospects.
In Europe, rising awareness about the technological sophistication of clear aligners is likely to elevate product demand. Furthermore, rising expansions of facilities by manufacturers may attract consumers, thereby fostering sales.
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Competitive Landscape
Major Players Announce Novel Products to Enhance Product Offerings
The prominent companies operating in the market announce novel products to enhance their product offerings. For example, SmileDirectClub, Inc. announced a novel next-generation treatment planning system named SmileOS in November 2021. This product is an AI software that shall deliver improved treatment. This strategy may enable SmileDirectClub, Inc. to strengthen its product offerings and enhance its consumer base. Further, major companies devise research and developments, mergers, acquisitions, partnerships, and expansion strategies to enhance their competitive stance.
FAQs
What is the market size of clear aligners?
Clear Aligners Market size was USD 4.09 billion in 2022. It is expected to reach USD 16.11 billion by 2029.
How fast is the Clear Aligners Market growing?
The Clear Aligners Market will exhibit a CAGR of 21.6% during the forecast period, 2022-2029.
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