A higher adoption of aligners due to greater awareness, and technological advancements to act as primary elements driving growth of the global clear aligners market. The clear aligners market was valued at US$5.4 Bn in 2021 and is projected to achieve the valuation of US$23.8 Bn by 2029. As highlighted by a market intelligence report of Fairfield Market Research, higher disposable incomes, procedural availability, and a preferred alternative treatment to conventional braces are all elements expected to result in the global clear aligners market expanding at a favourable CAGR of 19.8%. Technological innovations will augment market growth prospects in addition to frequent new product approvals from the US FDA that play a crucial role in market progression. The report marks the fact that the unmet treatment needs for effective oral care continue to create sustained tailwinds for market expansion worldwide. North America however remains the top market for clear aligner makers, says the report.
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Adoption of Disruptive Technologies, and Innovative Product Launches Push Clear Aligners Market Outlook
Apart from caries and periodontal disease, malocclusion or the misalignment and incorrect relation between the teeth of the upper and lower dental arches is a major oral health disorder by the WHO. Irrespective of gender, the global prevalence of malocclusion is 56%, with the highest being noted as 81% in Africa and 72% in Europe, followed by 53% in North America, and 48% in the Asia Pacific. This elevated level of prevalence has resulted in the development of innovative products for effective treatment. Our study indicates that automation and a greater adoption of enhanced orthodontic and restorative techniques such as AI-assisted assessments as well as advancements in computer-aided design, dynamic smart navigation systems, 3D printing, AR/VR implementation, biomaterials, and manufacturing processes are all crucial factors resulting in an improved growth trajectory for the global clear aligners market. Moreover, a higher rate of product approvals by regulatory authorities has in turn led to stronger market competition globally and higher availability of these products and services to a wider spectrum of individuals.
North America’s Primacy Intact While Asia Pacific Emerges Lucrative in Clear Aligners Market
Our report has determined that the market for clear aligners in North America is projected to expand at a robust CAGR of 22% over the forecast timeline, 2023-2029. This region is home to a considerable number of practitioners and a higher number of individuals who have access to these services. This is expected to remain a major factor in ensuring regional market success. However, the Asia Pacific region is also slated to make immense strides in the coming years due to a rise in the prominence of economic superpowers such as China, and India. Additionally, a range of factors including better accessibility, higher disposable incomes, increased funding by public-private entities, as well as a surging number of industry-related businesses being established in this region are all responsible for fuelling market growth prospects over the forecast period.
Global Clear Aligners Market – Key Competitors
3M, Institut Straumann AG, Dentsply Sirona, and Henry Schein Inc., collectively account for the majority revenue share in the clear aligners market. Some of the other key players encompassed under our comprehensive competitive profiling and strategic analysis include Danaher Corporation, Alignerco, 32 Watts (Renderwise Solutions Pvt Ltd), Ormco Corporation, TP Orthodontics Inc., Nevident, and K-Line Europe GmbH.
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