The global clear aligners market is expected to grow from USD 2.5 billion in 2020 to USD 19.02 billion by 2030, at a CAGR of 22.5% during the forecast period 2021-2030. Clear aligners are used to straighten teeth without the use of metal wires and brackets. Clear aligners are made of flexible, medical-grade plastic and are customized for each individual. They are virtually invisible, making them an attractive alternative to traditional braces.
The growing demand for aesthetic dentistry, increasing disposable income, and technological advancements are driving the market. Additionally, the increasing awareness about clear aligners and their easy availability is further augmenting the market growth.
Challenges of Clear Aligners Market
- Lack of Awareness: Many people are unaware that there is an alternative to traditional braces. As clear aligners are a fairly new concept and technology, awareness about the product is still low. This can be a challenge for companies trying to market their products.
- Cost: Clear aligners are generally more expensive than traditional braces, and this can be a barrier for some consumers. Additionally, the cost of treatment depends on the severity of the problem, and this can also add to the overall cost.
- Compliance: Clear aligners require the patient to wear them for a minimum of 22 hours a day to be effective. This can be difficult for some patients to adhere to and can lead to a delay in treatment or even a need to restart the treatment.
The market is segmented by product type, end-user, and geography. Based on product type, the market is segmented into Invisalign, ClearCorrect, 3M Unitek, Align Technology, and Others. The Invisalign segment is expected to account for the largest share of the market, due to its high adoption rate and wide availability.
Based on the end user, the market is divided into hospitals, orthodontic clinics, and others. The orthodontic clinic segment is expected to be the largest and fastest-growing segment of the market, due to the increasing number of orthodontic clinics and the rising demand for aesthetic dentistry.
Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be the largest market, due to the presence of a large number of orthodontic clinics and the increasing demand for aesthetic dentistry.
Some of the key players in the market include Invisalign, ClearCorrect, 3M Unitek, Align Technology, and Others. These companies are focusing on launching new products, expanding their product portfolios, and forming strategic partnerships to expand their footprint in the market.