Clear Aligners Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Age Group (Adult, Teenage); End-Use (Hospitals, Dental and Orthodontal Clinics); and Region/Country
The clear aligners market is expected to register a CAGR of approx. 25% over the period of 2022-2028. Clear aligners are clear plastic plates that are worn over the teeth. They are an alternative to traditional braces and are intended to assist in the proper organization of teeth into their ideal position. Clear aligners do not use metal brackets and instead use a gradual force to control tooth movement. They are frequently used with connections to create a common ground between aligners and supports. The aligners are made of a strong plastic material and are custom-made to fit each person’s mouth. They are more aesthetically pleasing, proficient, and comfortable than a traditional appliance for mild to direct malocclusion. Underbites, crossbites, overbites, deep bites, malocclusions, crooked teeth, and other oral flaws are corrected with these instruments. The aligners are computer-generated, created using cutting-edge techniques and based on models and images of teeth. Clear aligners are a new orthodontic treatment that is used to adjust and straighten teeth. Aligners are a good alternative to metal braces because, unlike traditional braces, they are virtually invisible and can be removed when eating and brushing teeth. The global clear aligners can be attributed to an increase in the number of people seeking orthodontic treatment for conditions like malocclusions and temporomandibular jaw misalignment across the globe. For instance, According to WHO, after caries and gum disease, malocclusion is the most common dental problem all over the world and is prevalent in about 39-93% of children and adolescents. Owing to the glaring statistics due to the rise in consumption of sugar and rise in the misaligned tooth across the globe are boosting the demand for clear aligners and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the clear aligners market is anticipated to grow on account of the technological advancement in clear aligner therapy which is increasing the demand for clear aligners. In addition, the growing demand for customized clear aligners is likely to aid the market growth. However, some of the restraints in the market including the high cost of clear aligners are impeding the growth of this market all over the world.
Align Technology, Inc, Envista Holding Corporation, Institut Straumann AG, Dentsply Sirona, 3M Corporation, Argen Corporation, Henry Schein, Inc, TP Orthodontics, Inc, Patterson Companies Inc., SCHEU DENTAL GmbH are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst age group, the adult category accounted for the significant share in the market in 2020”
Based on the age group, the clear aligners market is segmented into adult and teenage. The adult segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe due to increasing concern for dental appearance is seen more among the adolescent population.
“Amongst end-users, the hospitals/clinics category is expected to witness considerable CAGR during the forecast period”
Based on the end-users, the market is fragmented into hospitals/clinics, cognitive care centers, and others. The hospitals/clinics segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to increasing admission of patients suffering from a neurological disorder, strokes, Parkinson’s disease, Alzheimer’s disease, etc.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the clear aligners market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the clear aligners industry owing to the increasing R&D expenditures, the limited global presence, and the efforts of these players to secure new rights People have chosen aligners due to factors such as increased awareness of recent advancements in dental hygiene, numerous convenient options available for treating point misalignment, and a shift in beauty standards.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Clear Aligners Market|
|2.2.||Research Methodology of the Clear Aligners Market|
|5||IMPACT OF COVID-19 ON THE CLEAR ALIGNERS MARKET|
|6||GLOBAL CLEAR ALIGNERS MARKET REVENUE (USD BN), 2020-2028F|
|8.2.||Dental and Orthodontal Clinics|
|9.1.3.||Rest of North America|
|9.2.6.||Rest of Europe|
|9.3.5.||Rest of Asia-Pacific|
|9.4.||Rest of World|
|11||CLEAR ALIGNERS MARKET OPPORTUNITIES|
|12||CLEAR ALIGNERS MARKET TRENDS|
|13.1.||Demand Side Analysis|
|13.2.||Supply Side Analysis|
|14||VALUE CHAIN ANALYSIS|
|15.1.1.||Porter’s Five Forces Analysis|
|16.1.||Align Technology, Inc|
|16.2.||Envista Holding Corporation|
|16.3.||Institut Straumann AG|
|16.7.||Henry Schein, Inc|
|16.8.||TP Orthodontics, Inc|
|16.9.||Patterson Companies Inc.|
|16.10.||SCHEU DENTAL GmbH|
Research Methodology for the Global Clear Aligners Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global clear aligners market were the three major steps undertaken to create and analyze the adoption of clear aligners in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global clear aligners market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the clear aligners market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the clear aligners market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the age group, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the clear aligners market. Further, we conducted factor analysis using dependent and independent variables such as an increase in the number of people seeking orthodontic treatment for conditions like malocclusions and temporomandibular jaw misalignment, etc globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the clear aligners market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global clear aligners market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the clear aligners market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global clear aligners market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global clear aligners market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of age group and end-users in the global clear aligners market.
The main objective of the Global Clear aligners Market Study
The current & future market trends of the global clear aligners market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the clear aligners market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of age group and end-users.
- Define and analysis of the regulatory framework for the clear aligners market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the clear aligners market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the clear aligners market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry