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The global clear aligners market size is expected to exhibit robust growth by reaching USD 16.11 billion by 2029. Fortune Business Insights™ in its report titled “Clear Aligners Market Size, Share & COVID-19 Impact Analysis, By Patient Age Group (Teenager and Adults), By End-user (Dentist & Orthodontist Owned Practices and Others), and Regional Forecast, 2022-2029” observes that the market size in 2021 stood at USD 3.45 billion and touched USD 4.09 billion in 2022. The market is expected to exhibit a CAGR of 21.6% during 2022-2029. Unmet population demands and the increasing prevalence of malocclusion disorder may enhance this market’s growth.
Ormco Corporation Launched its Spark Clear Aligners Release 12 to Offer Flexibility
Ormco Corporation announced its Spark Clear Aligners Release 12 in February 2022. The product provides case-planning improvements, product optimization, and clinical enhancements. This launch may enable Ormco Corporation to offer hospitals control, efficiency, and flexibility while elevating its brand image.
Halt on Dental Procedures Hindered Market Progress During the Pandemic
This industry was negatively affected during the COVID-19 pandemic due to the halt on dental practices. The sudden spike in COVID-19 infections led to the imposition of strict restraints on manufacturing, thereby affecting patient visits. Further, manufacturing restraints created supply chain shortages. However, the launch of teledentistry and digital tools allowed physicians to provide orthodontic treatment during the pandemic. This factor fostered industry progress during the pandemic.
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Strong Dental Aesthetics Adoption to Fuel Market Progress
Clear aligners are used to solve mild to moderate orthodontic issues. Rising malocclusion cases and strong adoption of dental aesthetics are likely to fuel aligners sales. Further, the increasing benefits of the treatment compared to traditional methods may boost the adoption of aligners. Moreover, increasing awareness regarding convenience, higher customizability, comfort, and appearance is likely to boost sales. Also, strong adoption of advanced orthodontics may foster sales. These factors are likely to drive the clear aligners market growth.
Key Players Introduce Novel Products to Elevate Product Offerings
Major players operating in the market introduce new products to boost their product offerings. For example, SmileDirectClub, Inc. introduced a new next-generation treatment planning system named SmileOS in November 2021. This product is an AI software that offers improved treatment. This strategy may empower SmileDirectClub, Inc. to reinforce its product offerings and elevate its consumer base. Furthermore, key players deploy research and development, acquisitions, mergers, expansion, and partnerships to enhance their market position globally.
Notable Industry Development
List of Key Players Profiled in the Report
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD billion) |
Segmentation | By Age Group, End-user, and Region |
By Age Group |
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By End-user |
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By Geography |
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