Farmington, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The Global Clear Aligners Market Size Was Valued At USD 3.45 Billion In 2021. The Market Is Projected To Grow From USD 4.09 Billion In 2022 To USD 16.11 Billion By 2030, Exhibiting A CAGR Of 21.6% During The Forecast Period. The COVID-19 pandemic has been frightening and has never happened before. Demand for clear aligners is lower than expected in all areas compared to what it was before the pandemic. Based on our study, the global market grew 1.9% more slowly in 2020 than it did in 2019.
Clear aligners are the items used to fix mild to moderate orthodontic problems that are almost invisible. The number of people with misaligned teeth is going up by a lot, and these products help straighten teeth, which boosts the demand for them. Align Technology Inc.'s 2021 study says that the number of Invisalign cases used by doctors around the world rose from 14.5 cases per doctor in 2020 to 17.5 cases per doctor in 2021.
Request Sample Copy of Report “Clear Aligners Market Size, Share & Trends Estimation Report By Age Group (Teenager and Adults), By End-user (Dentist & Orthodontist Owned Practices and Others), By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Recent Developments:
- September 2022 - Broadwind Inc. announced that it has received an order valued at US$38 million for new towers from a leading global wind turbine manufacturer. This constituted the largest tower order in more than three years as demand for new wind turbines began to grow after the recent passage of the Inflation Reduction Act (IRA).
- July 2021 - Nordex Group has received an order from Italy for the delivery of two wind farms with Delta4000 turbines totaling 54.9 MW. The association is providing six N133/4.8 turbines for the 28.8 MW wind farm and five N149/5.X turbines for the 26.1 MW capacity project. The deal also consists of a premium service agreement on the turbine for an initial two years, with several options extending up to 10 years.
Segment Overview
Age Group Insights
In 2021, people bought the clearest aligners around the world. This was because more people were using high-tech goods to fix their bad teeth. Also, a rise in the number of adults with crooked teeth is probably good for segmental growth. The fact that this segment is so popular is also because people are becoming more conscious of how their teeth look.
During the time frame of the forecast, the teen segment is projected to grow at a faster-than-average rate. Companies in this field teach patients, especially teens, about the benefits of treating malocclusion. Also, they teach dentists, general doctors, and orthodontists how to use these tools to treat teens and get them to use them.
End-user Insights
During the time covered by the estimate, the world market was led by dentist- and orthodontist-owned practices. This is mostly because orthodontists and other dentists with special training are in high demand because they have good skills. Also, big companies are having more training sessions in these places to raise awareness of their products, which is likely to make this sector the most important. This part of the market would also grow if there were a lot of experienced dentists.
Large hospital settings are in the "others" segment. Over the next few years, large hospital settings are likely to have a smaller part of the market. The market share of this segment is getting smaller because more and more people are choosing private clinics, like those run by dentists and orthodontists, because they are quick, comfortable, and easy to get to.
Regional Outlook:
North America's market was worth $2 billion in 2021, and for the next five years, it is expected to be the biggest market in the world. Big companies like Align Technology and the fact that these key players are putting more and more money into research and development are two of the most important things that make the area so powerful. There are also more orthodontists who want these goods, more GP clients, good reimbursement plans for dentistry, and well-established orthodontic clinics. For example, the Align Technology 2021 annual report says that the number of patients per doctor using envisaging for braces in North America rose from 67.3 in 2020 to 98.1 in 2021.
In 2021, Europe is likely to have a big part of the market. This is because more people are learning how technologically advanced these products are for fixing crooked teeth, and more companies are expanding their facilities to make more of these products to meet the growing demand from teenagers in the area.
Asia and the Pacific, especially emerging countries like India and China, are expected to grow the most quickly. Big companies are working hard to get into hospitals and orthodontic dental clinics in Asia, which has a big number of patients but hasn't been fully tapped yet. Also, countries like India and Japan have more money to spend, which helps the region's strong growth rate.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/248565
Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 21.6% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 16.11 Billion |
| By Age Group | Teenager, Adults, Others |
| By End-user | Dentist & Orthodontist Owned Practices, Others |
| By Companies | 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) |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Latest Trends:
When patients' wants aren't met, the market will grow faster.
More and more people are getting twisted and misaligned teeth at a fast rate. But problems with getting orthodontic services and the high cost of treatment have left a big gap and a lot of unmet patient needs. In 2020, the European Journal of Pediatric Dentistry released an article saying that the number of people who need treatment for misaligned teeth is going up. In different European countries, this number runs from 25% to 35% for all types of dental occlusion in teenagers.
Many changes are being made to the health care system to meet patients' needs that aren't being met. Many companies and public institutions, like government agencies, have taken steps to fill the gaps in orthodontic care through agreements and policies.
Driving Factors:
The market will grow because new methods are better than old ones.
Because these goods are better at fixing misaligned teeth than traditional braces, they are becoming more popular all over the world. Some of the good things about these goods are how they look, how easy they are to use, how comfortable they are, and how easy they are to change. Companies also spend a lot of time and money on research and development (R&D) projects, which help them come up with new goods and make the ones they already have better.
Restraining Factors:
Direct-to-consumer businesses will make the market more competitive, which will slow the growth of the market.
Even though these goods are becoming more popular around the world, the market is still not growing as quickly as it could. In the current situation, for example, many businesses that sell clear aligners directly to consumers (DTC) have been set up. In the direct-to-consumer approach, people don't have to go to the doctor. Patients' teeth are shaped at home or in a shop run by the company. Orthodontists who are faraway look at the molds and mail the goods to the patients. This is expected to slow down the growth of the market.
Key Segments Covered:
Top Market Players:
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), and others.
By Age Group
- Teenager
- Adults
- Others
By End-user
- Dentist & Orthodontist Owned Practices
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Laparoscopy Instruments Market - The global Laparoscopy Instruments Market was valued at US$ 14.13 Billion in 2022 and is projected to reach USD 25.26 Billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030.
- Herbal Medicine Market - The Global Herbal Medicine Market Size Was Valued At USD 151.91 Billion In 2021. The Market Is Projected To Grow From USD 165.66 Billion In 2022 To USD 347.50 Billion By 2029, Exhibiting a CAGR Of 11.16% During The Forecast Period.
- Regenerative Medicine Market - The global Regenerative Medicine Market was valued at US$ 29.86 Billion in 2022 and is projected to reach USD 153.05 Billion by 2030, growing at a CAGR of 26.3% from 2023 to 2030.
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com
Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports
