Clear Aligners Market - Global Industry Analysis (2019 - 2022), Growth Trends, and Market Forecast (2023 - 2029)

Clear Aligners Market - Global Industry Analysis (2019 - 2022), Growth Trends, and Market Forecast (2023 - 2029)

Clear aligners have been gaining stronger traction over the traditional metal braces over the recent past. With these aligners witnessing popularity across the field of orthodontics worldwide, the global clear aligners market is expected to thrive at a robust pace over the next few years. The approximately US$6.6 Bn market for clear aligners is anticipated to reach the valuation worth US$23.8 Bn toward the end of forecast year, 2029. Between 2023 and 2029, Fairfield Market Research expects the market to witness a whopping 19.8% growth in revenue. The report in addition to examining the extent of influence of key driving forces and challenging factors on the performance of the market also dives deep into the strategic profiles of some of the industry leaders in its competitive analysis section.

The report also digs deep into the performance of clear aligners market across the various key regions while another section provides insight into the most prominent trends, and potential business opportunities arising across the global market space for clear aligners. The report says North American market will exhibit more than threefold expansion in revenue during the period of assessment. Several innovative aligner launches that reportedly receive fastrack FDA approvals, which further catalyze the growth of clear aligners market. As more consumers are willingly paying a premium for aesthetic procedures, clear aligners market will remain on an uptrend, says the report.

Key Research Insights and Trends Across Global Clear Aligners Market

Demand coming in from dental and orthodontic clinics contributes the largest share to market

Despite continued dominance of the adults category in the market, the teenagers’ segment is all set for a whopping 25% value growth through the end of 2029

Projected to exhibit around 25% growth in demand over the forecast period, polyethylene terephthalate glycol will continue to be the most preferred material for aligners

North America spearheads, led by the US, and is likely to experience around 22% growth during the forecast period

Asia Pacific is poised to emerge highly lucrative through 2029 at the fastest rate of growth

Teenagers More Likely to Supplement Demand Surge in Clear Aligners Market

In spite of the sustained dominance of adults in terms of demand generation, teenagers will most likely represent a more lucrative segment based on their growing consciousness about overall oral health, and smile aesthetics. In addition, notable prevalence of some of the most common oral health conditions such as underbites and overbites, crossbites and open bites, diastema, crowded teeth, and teeth misalignment will continue to push the rate of demand up, among children, adolescents, teenagers, as well as adults. On the other hand, polyethylene terephthalate glycol remains the most preferred material for aligners owing to greater flexibility.

Clear Aligners Market of North America All Set for 22% Growth by 2029

Estimated to reach the valuation of around US$11.5 Bn toward 2029 end, North America’s clear aligners market maintains the lead. The US represents the strongest market, says the report. On account of the presence of over 10,000 professional orthodontists, the region is expected to exhibit nearly 22% growth in revenue during 2023 – 2029. Availability of a sizeable target population further strengthens the clear aligners market here. The report identifies a saturating orthodontist channel across North America that is likely to raise the overwhelming level of competition in the region’s clear aligners market. Asia Pacific’s market is anticipated to exhibit strong growth in near term and the report attributes growing market attractiveness of the region to China’s solid positioning. The market here is witnessing the rise of several new aligner making brands, facilitating market expansion.

Key Market Players

Some of the key competitors comprise 3M Company, Henry Schein, Inc., Institut Straumann AG, Danaher Corporation, Ormco Corporation, Alignerco, Dentsply Sirona, and TP Orthodontics, Inc. Align Technology however continues to be on the top.

Please note: The PDF e-mail from publisher version of this report is for a global site license.