The market for clear aligners is expected to develop at a record-breaking 19.8% annual rate from 2023 to 2029, penetrating a startling US$23.8 Bn by that year. Clear aligners outperform conventional metal braces in terms of comfort, ease of use, and aesthetics, making them the favored option in the dentistry industry globally.
The World Health Organization (WHO) recognizes malocclusion as a significant oral health problem, next only to caries and periodontal diseases. The prevalence ranges vastly, with estimates placing it between 39% and 93% among children and adolescents. As an effective solution for misaligned teeth, clear aligners have captured the attention of both consumers and dental professionals. With approximately 60% of orthodontic cases being suitable for clear aligner treatment each year, as mentioned by the Straumann Group, the demand for these innovative devices is soaring, providing a strong impetus to the clear aligners market growth.
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Unraveling Unprecedented Opportunities for Clear Aligners in Dental Care
The quest for aesthetic appeal, coupled with the necessity to correct teeth misalignment and functional disabilities, has led to a surge in demand for efficient orthodontic treatments. Today, clear aligners are emerging as the fastest-growing area in orthodontics. Factors such as increasing attention to aesthetics, deeper penetration among teenagers, digital workflow transformation, a rise in trained orthodontists, and continuous product improvement are fueling the growth of the global clear aligners market.
Despite a vast number of US adults having incisor irregularities, only four million were estimated to wear orthodontic braces by 2020, with just 1–1.5 million clear aligner cases started in the same year. Although the COVID-19 pandemic did stall market growth momentarily, it’s clear that clear aligners hold immense potential for market expansion.
Revolutionizing the Clear Aligners Market with Innovative Products and Fast-Track FDA Approvals
The clear aligners market is being transformed by product innovation and an expedited FDA approval process. Since 2018, the FDA has approved more than 40 new clear aligner producers, a number that doubles the approvals granted before 2018. These new introductions, including the SureSmile aligner by Dentsply Sirona, Henry Schein’s SLX clear aligners, and 3M Oral’s Clarity clear aligners, signify the dynamic growth trajectory of the clear aligners market.
Technological Innovations and Digital Transformation: Catalysts for Market Growth
Technologies such as AI, computer-aided design, and manufacturing (CAD/CAM), and Augmented and Virtual Reality (AR/VR) are transforming the landscape of dentistry. By automating workflows and providing digitalized solutions, these advancements enable dental practitioners to prioritize and track treatment progress effectively, particularly in children and teenagers. Align Technology, Inc. continues to invest in these technologies to provide digitally enabled solutions like chairside visualization and laboratory workflows for restorative dentistry.
Geographical Outlook: North America Leads, Asia Pacific Promises Robust Growth
North America dominates the global clear aligners market, with a forecast CAGR of 22.0% from 2023 to 2029. But with a saturating orthodontist channel and intense competition, the focus is shifting towards Asia Pacific, especially China and India. China is fast becoming a regional contender, with projections indicating a rise in Asia-based aligner companies in the next few years.
Key Players Making Strides in the Global Clear Aligners Market
Prominent players include 3M Company, Institut Straumann AG, Dentsply Sirona, and Henry Schein, Inc., along with others like Danaher Corporation, Alignerco, and 32 Watts. Align Technology, Inc. is a market leader, primarily owing to the dominance of Invisalign, which earned US$2.3 Bn in revenue by 2020. By shifting their strategies from product-centric to customer-centric, and leveraging direct-to-consumer marketing, these players are driving demand in the clear aligners market.
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