A significant portion of the market for clear aligners is being formed by the steadily growing expansions seen in dental care organisations around the world. The service these dental service providers provide is a key element driving increased demand for clear aligners among different customer groups internationally. It is projected that rising healthcare spending would open up more opportunities for the growth of clear aligners. In the upcoming years, it is anticipated that the sophisticated technology used in a variety of healthcare applications would further contribute to the market’s growth. The global market for clear aligners is predicted to be significantly impacted by the rising prevalence of dental diseases and the preference for new treatment options. The younger and older populations’ propensity for dental problems is anticipated to result in a reasonably steady demand for the market.
The clear aligners market size was valued USD 2.71 billion in 2021 and is expected to reach USD 9.3 billion by 2030 at 22.09% CAGR during the forecast period 2022-2030,Additionally, the number of patients experiencing various dental alignment issues has increased dramatically, generating a sizable market niche for market growth. Additionally, it is anticipated that the demand potential from emerging economies will accelerate the development of the clear aligners market in the upcoming projection period. However, factors like the restrictions placed on their use and the existence of a grey market for their distribution may hinder the market for clear aligners.
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The regions that are included in the geographical analysis of the market for clear aligners globally are the Americas, the Middle East, Asia Pacific, Europe, and Africa. Due to the abundance of specialist treatments provided in North American nations, such as cosmetic dentistry, the Americas area is predicted to hold the majority of the market. The market for clear aligners is expanding in these nations due to the rising demand for advanced technologies and the intensifying health spending per person. The market in the Americas region is primarily driven by the presence of a significant number of well-known companies in this region.
The second largest market is located in the European region, partly because there is a growing need for dental procedures and a high level of professional agreement. Additionally, the market for clear aligners in the European region is being driven by the rising incidence of oral problems, extensive use of technologically advanced techniques, and growing significance of treatment, planning, and diagnosis in implant dentistry in European nations. With consistently growing economies that are anticipated to slow the pace of the region’s growth, the Asia Pacific region is predicted to have a wealth of opportunities.
The most recent advancements in healthcare, prosperous economies, and individual disposable income are also fueling market growth. The Middle East and Africa, which had the lowest market share in 2017 due to their slow economic growth and relatively low income, were expected to grow due to the rising incidence of dental abnormalities and the need for better treatments in the region’s nations.
Age, product type, distribution method, and geographic region have all been used to segment the global market for clear aligners. The market is divided into three categories based on the sorts of products: medium type, hard type, and soft type. The segment based on product type is anticipated to grow at a rate of 20.80% over the forecast period and is expected to reach a market value of USD 3982.30 million by 2023. Teenagers and adults are used as the primary age groups for segmenting the global market for clear aligners. By far the largest market share in terms of dollar volume is held by the adult segment, which is expected to grow to a projected value of USD 2996.59 Mn by the end of 2023.
During the forecast period, the teenager segment is anticipated to grow at the highest CAGR of 21.90%. The market for clear aligners is divided into laboratories, direct sales, and others based on the distribution channel. In 2017, the direct sales channel held a 78% market share; by 2023, it is expected to reach USD 3185.47 million. According to estimates, the segment will experience a CAGR of 21.28% during the forecast period.
The major companies involved in the clear aligners market are Align Technology Inc., Dentsply Sirona, Institut Straumann AG, Clarus Company, Danaher Corporation, 3M.
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