Clear Aligners Market Size By Age Group (Adult, Teen), By End-use (Hospitals, Dental and Orthodontal Clinics), Industry Analysis Report, Regional, Application Potential, Competitive Market Share & Forecast, 2022 - 2030
The clear aligners market is projected to grow massively by 2030 owing to rising prevalence of malocclusions around the world. In addition, growing demand for clear aligners as orthodontic treatment, along with technological advancements in clear aligner therapy, is likely to propel market growth over the forecast years.
During the COVID-19 pandemic, there was a surge in demand due to restrictions on movement pushing orthodontists to adopt telemedicine services increasing the uptake of clear aligners as the most convenient dental solution. Moreover, increasing awareness regarding the benefits of clear aligners has augmented product adoption across the globe.
Moreover, major players in the clear aligners market have been focusing on several growth strategies such as acquisitions, collaborations, and joint ventures, along with, product enhancements to hold a strong position in the market, thereby bolstering the overall industry growth. For instance, in May 2022, Align Technology Inc., a leading medical device company specializing in the Invisalign system, announced a strategic partnership with Asana Inc., a work management platform. The deal was purposed to provide Invisalign doctors with a new workflow solution known as Asana Smiles for Align, which has been designed for efficient patient management.
To cite another instance, in May 2022, Envista Holdings Corporation, a dental products company, announced its plans to acquire Allotech LLC, Osteogenics Biomedical Inc., and OBI Biologics, Inc. With the agreement, the group intended to expand its business across different regional landmarks.
In another instance, in May 2022, Straumann AG, another medical device company, inked an agreement to takeover PlusDental, a European orthodontic treatment solutions company. The acquisition is set to boost the group’s expansion in the European region.
The clear aligners market has been bifurcated based on end-use, age group, and region.
In terms of age group, the clear aligners industry has been divided into teen and adult. The adult segment is expected to surpass $32.4 billion in revenue by 2030 attributed to surging acceptance of clear aligners treatment and surging instances of adults undertaking the treatment.
With regard to end-use, the clear aligners market has been split into dental and orthodontal clinics and hospitals. The dental & orthodontal clinics segment is estimated to expand at more than 28.3% CAGR due to rising number of dental facilities, orthodontists, and prevalent adoption of clear aligner systems.
On the regional spectrum, the Middle East & Africa clear aligners industry was valued at approximately $133 million in 2021 and is further slated to grow significantly by 2030 attributed to the highest incidences of malocclusions and growing product adoption across various countries in the MEA region.
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