Clear Aligners Market by Age-group (Teenagers and Adults), by Mode of Dispensing (Dental & Orthodontics Clinics and Hospitals), by Usage (In-office Aligners and At-home Aligners) - Global Outlook & Forecast 2022-2030
According to the deep-dive market assessment study conducted by Growth Plus Reports, the global clear aligners market was pegged at ~US$ 3.2 billion in 2021. The market is expected to witness a CAGR of ~19.7% from 2022 to 2030.
Factors such as an increasing population of patients suffering from tooth misalignment, increasing technological advances in dental care, and increasing demand for custom clear aligners are driving the market as a whole. The main factor behind the growth of this market is that people have become more reluctant to go to the orthodontist's office to get traditional braces, which has increased the acceptance of clear aligners. With the advent of the pandemic, the industry has flourished in terms of recruitment, sales, and revenue. This trend is expected to continue in the forecast period. Clear aligner technology is rapidly gaining popularity as an alternative to fixed metal braces for orthodontic teeth because it is an aesthetically pleasing and comfortable choice.
However, factors such as the high cost of clear aligners, the less number of dental practitioners in emerging regions, and limited coverage of orthodontic treatment can hinder the clear aligners market growth.
An increasing number of individuals suffering from tooth misalignment or malocclusion is expected to have a significant impact on the growth of the clear aligners market. Reasons for this condition maybe genetic or acquired lifestyle habits. Malocclusion is the third highest prevailing dental condition after tooth decay and periodontitis. Clear aligners are mainly used for efficient treatment of misaligned teeth. As a result, as the prevalence of malocclusions increases worldwide, the demand for orthodontic treatment is expected to increase and the market size is expected to grow.
Advanced technologies such as 3D Printing, CAD/CAM, use of copper & nickel wirings to fabricate the orthodontic products making them more efficient and effective. Dental treatments are customized, and technologies such as digital impression systems such as Align Technology's iTero help develop accurate and customized clear aligner systems for treating mild to moderate misalignment. Hence, this adoption of advancements in dental practices boosts the global clear aligners market growth.
Social media had a great influence even on the choice of treatment for the general population especially adolescents and young adults. The focus on aesthetics and ease of using the product has positively affected the demand for clear aligners. Currently, many new players are launching at-home clear aligners i.e. direct to customer service, which are more cost-effective and require fewer or no in-office visits. This factor, therefore, is driving the clear aligners market significantly.
However, the high cost of clear aligners can adversely affect the growth of the clear aligners industry. The cost of a clear aligner depends on the extent of orthodontic tooth misalignment and other variables that the dentist can evaluate. Therefore, the cost of the aligner is determined based on a wide range of criteria, including case complexity, the number of extensions required, and a number of aligners used. However, the high initial cost of a clear aligner hinders acceptance rates, especially in emerging markets.
Europe holds second place in the global clear aligners market after North America. This market position is attributed to key factors such as an increasing prevalence of dental problems, an increasing incidence of tooth misalignment in children, and an increasing demand for aesthetic dental treatments. In developed countries such as Belgium and the Netherlands, many people are diagnosed with dental problems, and many oral and dental problems occur, so the prevalence of dental diseases is increasing day by day. The cost of aesthetic dentistry is less expensive in Hungary. It has become one of Europe's top destinations for dental tourism. The low price of these steps is a key factor behind the growth of the regional clear aligners market.
The prominent players operating in the global clear aligners market 3M Company, Argen Corporation, Danaher Corporation, Dentsply Sirona, DynaFlex, Align Technology, Patterson Companies Inc., Dentcare Aligners, Envista Holdings Corporation, and Institut Straumann AG among others.