Market Overview:
Clear aligners utilize a series of clear plastic-like shells that realign teeth through gentle force. They are an effective alternative to braces for straightening teeth and correcting alignment issues such as gaps, overcrowding, and crookedness. The use of clear aligners is minimally invasive, removable, comfortable, and practically invisible.
The global Clear Aligners Market is estimated to be valued at US$ 3.92 Bn or Billion in 2023 and is expected to exhibit a CAGR of 17. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for clear aligners is growing owing to a rise in awareness about the aesthetic appearance of teeth and their role in self-confidence and social acceptance. They provide several advantages over traditional metal braces such as transparency, comfortability, and portability. As they are barely noticeable, clear aligners cause minimal disruption to lifestyle and work. With advances in digital technology and computer-aided designing/manufacturing (CAD/CAM), clear aligners are becoming more effective at complex tooth movements as well.
SWOT Analysis
Strength: Clear aligners provide less invasive and more comfortable treatment option as compared to traditional braces. They are removable and allow for better oral hygiene maintenance.
Weakness: Poor patient compliance can affect the treatment outcome with clear aligners. Effectiveness is limited to minor to moderate cases of misalignment.
Opportunity: Growing consumer acceptance of cosmetic dentistry and rising awareness about clear aligners present significant growth opportunities. Demand is expected to rise especially among the adult population.
Threats: High manufacturing and material costs pose pricing challenges. Presence of local and regional market players increases competition.
Key Takeaways
The global clear aligners market is expected to witness high growth, exhibiting CAGR of 17% over the forecast period, due to increasing consumer acceptance of invisible orthodontic treatment alternatives. Demand is largely driven by the adult population seeking cosmetic dental correction.
Regional analysis: North America dominated the global market in 2023 and is expected to retain its position through 2030. Higher consumer spending on orthodontic treatments and presence of major market players in the US and Canada support market growth. Asia Pacific is projected to be the fastest growing regional market attributed to rising medical tourism and increasing healthcare expenditure in countries such as India and China.
Key players operating in the clear aligners market 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. Major players are investing in new product launches and expanding their manufacturing facilities and sales network to consolidate their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it