Clear Aligners Market Size By Age Group (Adult, Teen), By End-use (Hospitals, Dental and Orthodontal Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2028
The clear aligners market is set to exhibit sturdy growth through 2028 owing to growing number of malocclusions around the globe. In addition, notable technological advances in aligners are likely to further boost market growth over the forecast timeline.
Recently, increasing product penetration in key regions and surging emphasis of industry players on establishing a robust foothold in the sector have facilitated business growth. Additionally, soaring prominence of online telemedicine service has prompted orthodontists and patients to adopt clear aligners, thereby propelling clear aligners market growth during the COVID-19 pandemic.
Moreover, major players in the market have been focusing on forming strategic collaborations, commercialization, and product advancements to extend their business reach, which has positively influenced industry growth. For instance, in October 2020, Align Technology, a global medical devices company, launched Invisalign G8 with SmartForce Aligner Activation. This innovation optimizes tooth movements and further improves consistency for frequently treated crossbite, crowding, and deep bite cases.
Similarly, in May 2021, Henry Schein Ireland, an American distributor of health care products, introduced the Reveal Clear Aligners for better patient comfort and aesthetics. The novel product was intended to reduce the need for attachments and featured a smooth scalloped edge that augments patient comfort.
In another instance, in March 2021, Straumann Group, a leader in implant and aesthetic dentistry, and Shanghai Xin Zhuang Industrial Park (SHXIP), an engineering construction specialist, inked a dealership agreement for building its first campus in China. The campus was purposed to provide dental solutions in China and stimulate business growth among dentists and patients in the country.
The clear aligners market has been bifurcated in terms of age group, end-use, and region. Based on age group, the market has been split into adult and teen. Among these, the adult segment is anticipated to reach approximately USD 20.6 billion valuation by the end of the projected timeline. Mounting adoption of clear aligners treatment and increasing number of adults opting for clear aligners treatment are expected to propel product demand among adults.
By end-use, the clear aligners market has been divided into dental & orthodontal clinics, hospitals, and others. The dental & orthodontal clinics segment is estimated to expand at a CAGR of over 29.0% through the analysis period on account of rising number of dental facilities and orthodontists, coupled with escalating adoption of clear aligner systems.
In the regional landscape, the Middle East & Africa clear aligners market was valued at more than USD 133 million in 2021 and is foreseen to witness significant growth over 2022-2028. Highest prevalence of malocclusions and growing product adoption across various countries in the MEA region is primed to foster industry outlook in the future.
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