Burgeoning Demand for Dental Aesthetics to Boost Clear Aligners Market at 32.4% CAGR

2022-07-20

Clear Aligners Market to Reach US$ 68 Bn with Sales to Grow by 16.3x by 2032

The clear aligners market report published by Fact.MR provides exhaustive analysis on the key factors to help shape the future growth prospects. This study also provides comprehensive analysis of the latest trends, opportunities, and challenges prevailing for the forthcoming decade across key geographies and segments including age and end use.

NEW YORK, July 20, 2022 /PRNewswire/ -- The global clear aligners market was valued at around US$ 3.2 Bn in 2021. Overall sales of clear aligners in the market are projected to reach US$ 68 Bn by 2032, registering 32.4% CAGR between 2022 and 2032.

Clear aligners are used for correcting misaligned or crooked teeth. This is increasing the demand for customized and transparent orthodontic devices, spurring the sales in the clear aligners market.

Besides this, prevalence of dental problems such as tooth decay due to the changing lifestyle across China, India, and the U.S is increasing. This is projected to create lucrative opportunities for the growth in the market.

Surging requirement for an alternative to metal braces is likely to bolster the growth in the market. In addition to this, rising favorable reimbursement policies in the dentistry, along with government expenditure in the healthcare is likely to augment the sales in the coming years.

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Moreover, the virtual digital models, computer-aided design (CAD), computer-aided manufacturing (CAM), and thermoformed plastic materials are being used in the development of clear aligners. Such advancements in manufacturing practices of clear aligners will further drive the market.

Key Takeaways:

In terms of age, adults segment held 60% of the overall clear aligners market share in 2021 and the trend is likely to continue over the years.

The clear aligners market in Asia Pacific is expected to exhibit growth at 31.4% CAGR during the forecast period.

The U.S. clear aligners held a maximum share of 35% in the market in 2021 and is expected to continue dominating the market during the forecast period.

Based on end use, the standalone practice segment is estimated to exhibit significant growth at during the forecast period.

Growth Drivers:

Growing prevalence of malocclusions is increasing the demand for optimized treatment for teeth alignment. This is anticipated to bolster the demand for clear aligners in the coming years.

Increasing demand for dental aesthetics is surging the use of clear aligners in the orthodontic treatment, driving the market.

Restraints:

Lack of awareness regarding the effects of malocclusions and oral care is anticipated to inhibit the sales of clear aligners.

Low cost of direct-to-consumer products compared to the B2B model is likely to restrain the growth in the market.

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Competitive Landscape:

Leading manufacturers are updating their product line by continuously designing and developing new products. This is projected to help the players expand their consumer base.

Meanwhile, other key players are also advancing their customization capabilities gain a competitive edge in the market.

For instance,

March 2019: A joint venture of Henry Schein, Inc. named Henry Schein One launched Dentrix G7 in Canada. The latest development is an updated version of the dental practice management system.

May 2020: Align Technology, Inc. recently updated its Invisalign Treatment Visualization ClinCheck PRO 6.0 and ClinCheck "Inface". Such cloud-based services help the company provide standardized treatment procedures.

Key Companies Profiled by Fact.MR

Align Technology

Patterson Companies Inc.

3M EPSE

Institute Straumann

More Valuable Insights on Clear Aligners Market

Fact.MR's latest report on clear aligners offers an in-depth analysis of the key trends affecting the sales in the market during the forecast period. This survey also explains the key factors promoting the growth in the clear aligners market through detailed segmentation as follows:

By Age:

Adults

Teens

By End Use:

Hospitals

Standalone Practices

Group Practices

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia & Oceania

Middle East & Africa

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Key Questions Covered in the Clear Aligners Market Report

What is the estimated growth rate of clear aligners market during 2022-2032?

Who are the key manufacturers dominating the global clear aligners market?

Which are the challenges encountered in the clear aligners market?

Which are factors bolstering the growth in the global clear aligners market?

What is the anticipated market revenue of global clear aligners market during the forecast period?

Which region holds maximum share in the global clear aligners market?

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