by Market Overview:
Clear aligners are virtually invisible and removable dental aligners used for the correction of crooked, crowded or misaligned teeth. They are manufactured from transparent thermoplastic material and work by applying constant gentle force on teeth to reposition them. Clear aligners offer advantages such as being clearer than braces, comfortable to wear, removable for eating, brushing and flossing.
Market key trends:
One of the key trends in the clear aligners market is the growing adoption of clear aligners among teenagers and young adults owing to aesthetic appeal. Clear aligners are hardly visible and tend to give a natural look as compared to conventional metal braces. With rising demand for advanced dental cosmetic treatment, clear aligners are gaining popularity in this patient segment. According to the American Association of Orthodontics, more than 150,000 teens and young adults choose clear aligners each year in the U.S. alone. Furthermore, the launch of direct-to-consumer clear aligner treatment plans by players like SmileDirectClub without requiring visits to orthodontists are attracting significant customers in this age group globally.
Traditionally, clear aligners were mostly used for minor teeth alignment in teenagers. However, their invisible nature and removable functionality is fueling their adoption among adults as well. Adults are realizing the importance of proper teeth alignment for aesthetic and dental health purposes. This is expected to significantly drive the clear aligners market growth over the coming years.
The global Clear Aligners Market Demand is estimated to be valued at US$ 4.59 Bn in 2023 and is expected to exhibit a CAGR of 17.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights
SWOT Analysis
Strength: Clear aligners provide invisible treatment option and greater comfort compared to traditional braces. They are easy to clean and remove for eating.
Weakness: Clear aligners have limitations and cannot treat complex dental problems like traditional braces. The treatment duration is usually longer with clear aligners.
Opportunity: Rising awareness about dental health and aesthetics is boosting demand.Growing teenage and adult population are key target segments.
Threats: Availability of low-cost alternatives from local players poses pricing pressure. Technological advancements by competitors can reduce product differentiation.
Key Takeaways
The global clear aligners market is expected to witness high growth, exhibiting CAGR of 17% over the forecast period, due to increasing adoption among adults and teeth straightening trend among teenagers globally.
Regional analysis: North America domintes the clear aligners market currently owing to high awareness levels and healthcare expenditure. Asia Pacific is anticipated to deliver fastest growth during the forecast period driven by rising disposable incomes, growing medical tourism, and increasing dental problems.
Key players operating in the clear aligners market are Align Technology, Inc, DynaFlex, Dentsply Sirona, Inc., SmileDirectClub, Straumann Group, Danaher, Henry Schein, Inc., Great Lakes Dental Technologies, Rocky Mountain Orthodontics, eXceed, 3 M, Argen Corporation, Illusion Aligners, Candid Care Co., Tianjin ZhengLi Technology Company Limited, Scheu Dental, TP Orthodontics, Inc., K-Line Europe, 32 Watts, and Klear Aligner. The market is fairly consolidated with top players accounting for majority share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
