Market Research Future Insights –
According to Market Research Future (MRFR), the clear aligners market size was estimated to be around USD 2.71 billion in 2021 and is anticipated to grow at a rate of 22.09% CAGR to reach USD 9.3 billion by 2030. A series of snug-fitting, personalized mouthguards or orthodontic gadgets called clear aligners can straighten up teeth that are crooked or out of alignment. Clear aligners were developed with patients’ comfort and flexibility in mind. They are nearly undetectable, detachable alternatives to braces. A growing number of patients with malocclusions, advances in dental technology, and an increase in demand for customized clear aligners are all factors driving the market. The pandemic had a positive impact on the market globally, and big corporations recovered with larger revenues in 2020 than in previous years.
Growing women’s beauty consciousness has been acting as a Key Growth Booster for this market.
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Regional analysis –
In 2021, North America had a market share of more than 55.0%. This is a result of increasing R&D expenses, multinational firms’ local presence, and those corporations’ efforts to get new patents. A survey conducted by the American Oral Association found that 85% of Americans genuinely value and consider their dental health to be an essential part of overall health. 25% of the four million Americans who are wearing braces are adults. The introduction of clear tray-style aligners has caught the interest of many patients who wish to whiten their smile but would rather not have the metal-mouth appearance of braces.
People in the region are choosing aligners because of factors like rising beauty standards, more awareness of recent advancements in dental hygiene, and a variety of practical solutions for fixing tooth misalignment. Due to the rising demand for clear aligners in growing economies like India and China, the APAC region is anticipated to have the highest CAGR of 31.4% throughout the projection period. The rise is partly a result of the aligner systems’ attractive aesthetics. Invisalign Full, Invisalign Teen, and Invisalign Lite clear aligner systems were launched in India in February 2016 by Align Technology. These systems are aimed at the country’s 80 million urban residents, who purchase a sizable portion of the nation’s high-end oral care products.
Market Segmentation –
The Clear Aligners Market is ideally categorized into 3 parts based on product, age and distribution channel. The segmentation of products is further sub-categorized into Hard Type, Medium Type, and Soft Type. The age-based market is further divided into Teenagers, and Adults. The distribution channel-based market is divided into Direct Sales and Laboratories.
Key Players –
The top players’ efforts to incorporate the newest digital technologies, such as digital tooth setups, intraoral scans, CAD/CAM appliances, and digital 3D printers, have been cited as the primary cause of the clear aligners market’s fierce rivalry. Many businesses in the market are concentrating on engaging in strategic alliances and expansions to widen their geographic reach and increase their sales in developed and prosperous countries. Some of the important key companies in the Clear Aligners Market are present on the international scene and have made contributions to raising market revenue. These significant pivotal figures are Align Technology Inc, Dentsply Sirona, Institut Straumann AG, Clarus Company, Danaher Corporation, and 3M.
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