According to a recently released Fact.MR analysis, the clear aligners market revenues are projected to reach about US$ 4 Bn in 2022 and are expected to increase at a CAGR of 32.4% from 2022 to 2032. The market is anticipated to reach US$ 67.7 billion by the end of 2032.
Physical appearance, convenience, and reduced inconvenience when visiting an orthodontist’s clinic are all medical aspects that relate to patient needs. Additionally, since metal brackets and wires are not required, clear aligners are more practical. Given that clear aligners are removable and simple to clean, providers also benefit from less frequent equipment maintenance.
Patients who use aligners as opposed to those who receive conventional treatment do not have calcifications to the same degree.
Important conclusions from the market study
By 2032, the market for clear aligners is projected to be worth US$67.7 billion.
North America is anticipated to contribute more than 36% of market revenue in 2022.
Adults in this age group will generate 65% of the market’s revenue in 2022.
Revenue from standalone practices as end-users is anticipated to surpass US$ 28 billion by 2032, increasing at a CAGR of about 30% from 2022 to 2032.
The Asia Pacific market is anticipated to grow at a CAGR of 38% from 2022 to 2032.
Competitive Environment
The market for clear aligners is dominated by numerous local and international players. These businesses compete based on their product innovation, quality, brand reputation, and market presence. The operating businesses are using several tactics to stay competitive.
• In May 2020, Align Technology, Inc. Expanded ClinCheck PRO 6.0 and ClinCheck “In face” for Invisalign Treatment Visualization. They employed cloud-based technologies to provide clients with the most advantageous treatment options. The company is focused on expanding its function and attaining a significant market share through a variety of acquisition tactics.
• Dentrix G7, an updated version of the dental exercise control system, was released in Canada in March 2019 by Henry Schein One, a joint venture of Henry Schein, Inc.
