Clear Aligners Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis??
Posted by Mrudula Karmarkar on July 28th, 2022
The global clear aligners marketsize is expected to reach USD 32.3 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 29.5% from 2022 to 2030. Clear aligners are invisible and discreet braces developed from thermoformed materials like copolyester or polycarbonate plastic and CAD 3D printing technology, acting as an alternative to traditional braces. According to the FDA, the clear aligner system helps in positioning the teeth through continuous gentle force and is developed to treat mild to moderate malocclusion. According to the WHO, malocclusion is the third most prevalent dental disease after dental caries and periodontal disease globally. Malocclusion of the teeth causes the problem of misalignment, which can later lead to severe oral health complications like hard and soft tissue trauma. This condition is hereditary and can be passed from one generation to another.
Technological advancements and the growing demand for customized clear aligners are significant factors responsible for the market growth. Companies like Align Technology and DynaFlex are constantly bringing in newer computer-aided technology in the market. For instance, the launch of iTero, which is a digital impression system, by Align Technology is assisting in developing accurate, effective, and customized clear aligners designed in accordance with the wearer’s comfort to treat mild to moderate misalignment conditions. According to an article published in Scielo.com in November 2018, the global prevalence of Class I malocclusions is 74.7% and Class II malocclusions is 19.56% and the rising prevalence of these conditions is assisting in escalating the demand for clear aligners systems.
The demand for customized clear aligners has witnessed a burgeoning growth, especially among teenagers. For Instance, the FDA-approved, Invisalign clear aligners developed by Align Technology, have been used in the treatment of 10.9 million people as of 2020 and worldwide Invisalign shipments were about 413,700 cases in 2020. To date, over 5 million teenagers have started orthodontic treatment with Invisalign clear aligners. This is because many teenagers prefer avoiding discomfort caused by the metal braces and also to look esthetically appealing. The above-mentioned factors are cumulatively assisting in the robust market growth.
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Clear aligners are a series of tight-fitting custom-made mouthpieces or orthodontic systems that are useful in correcting misaligned or crooked teeth. Clear aligners are virtually discreet and removable alternatives to braces designed around patients’ convenience and flexibility. Factors such as the growing patient population suffering from malocclusions, rising technological advancements of dental treatment, and growing demand for customized clear aligners are driving the overall market. The pandemic had a positive impact on the market globally and key players recovered with high revenues in 2020 as compared to the previous years.
Clear Aligners Market Report Highlights
List of Key Players of Clear Aligners Market
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About the AuthorMrudula Karmarkar
Joined: March 30th, 2020
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