Portland, OR, March 17, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global invisible orthodontics market was estimated at $4.6 billion in 2021 and is expected to hit $34.7 billion by 2031, registering a CAGR of 22.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $4.6 Billion |
Market Size in 2031 | $34.7 Billion |
CAGR | 22.6% |
No. of Pages in Report | 370 |
Segments Covered | Product Type, Age Group, End-User, and Region |
Drivers | Increase in awareness of orthodontic treatments |
Rise in demand for aesthetic dental treatments | |
Restraints | High cost of invisible orthodontics products |
Few side effects associated with clear braces and lingual Braces | |
Opportunities | Rise in strategic developments among key players in the invisible orthodontics industry |
Covid-19 scenario-
- The orthodontic industry was impacted negatively due to the pandemic as many individuals either postponed or canceled their treatments due to concerns regarding the virus. Also, many dental clinics were closed during lockdowns.
- However, the pandemic led to the increased use of teledentistry and remote consultation technologies, resulting in new opportunities in the invisible orthodontics market.
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The global invisible orthodontics market is analyzed across product type, age group, end-user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By product type, the clear aligners segment held the largest share in 2021, garnering more than four-fifths of the global invisible orthodontics market revenue, and is projected to maintain its dominance by 2031. The same segment would also showcase the fastest CAGR of 24.0% during the forecast period.
By age group, the teens segment contributed to more than two-fifths of the global invisible orthodontics market revenue in 2021 and is projected to rule the roost by 2031. The same segment would also showcase the fastest CAGR of 23.0% during the forecast period.
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By end-users, the dental clinics' segment accounted for the highest share in 2021, generating nearly half of the global invisible orthodontics market revenue. The others segment, simultaneously, would portray the fastest CAGR of 24.3% during the forecast period.
By region, the market across North America held the major share in 2021, garnering more than two-fifths of the global invisible orthodontics market revenue. Asia-Pacific, on the other hand, would portray the fastest CAGR of 24.0% from 2022 to 2031. The other provinces discussed through the report include Europe and LAMEA.
The key market players analyzed in the global invisible orthodontics market report include Align Technology, Inc, Dentsply Sirona Inc, Henry Schein Inc, Dentaurum GmbH & Co. KG Institute Straumann AG, 3M Company, G&H Orthodontics Inc, Ormoc Corporation, Lingual Systems GmbH, and Avinent Implant Systems S.L. These market players have embraced several strategies including product launch, product development, collaboration, acquisition, and partnership to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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