by 
Market Overview:
Clear aligners are transparent, removable molds which are used in orthodontic treatments to align and straighten teeth. Clear aligners are an alternative to conventional metal braces. They are removable and comfortable, as well as less noticeable than traditional braces. Clear aligners work by applying gentle pressure to teeth and gradually moving them into the proper position. The key advantages of clear aligners over other orthodontic treatments are comfort, aesthetics, discreetness, and low maintenance.
The global Clear Aligners Market is estimated to be valued at US$ 3.92 Bn in 2023 and is expected to exhibit a CAGR of 17.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the clear aligners market is the growing demand for invisible orthodontic treatment options to boost aesthetic dentistry. There is rising consumer preference for less visible orthodontic options due to the increasing importance given to appearance and physical attributes. Moreover, aging population worldwide is also fueling the demand for clear aligners to address minor orthodontic issues. This, along with increasing awareness about clear aligners through effective marketing campaigns by manufacturers, is supporting the growth of the market. Another major trend is the adoption of teledentistry by clear aligner manufacturers, which allows patients to receive remote supervision and monitoring from orthodontists for treatment with clear aligners. This helps increase convenience and accessibility of clear aligner therapy.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the clear aligners market is moderate, as there is large initial capital requirements and technical expertise required to manufacture clear aligners.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of numerous competitors offering clear aligners at competitive pricing.
Bargaining power of suppliers: The bargaining power of raw material suppliers is low as clear aligners can be manufactured using easily available raw materials like thermoplastic polymers.
Threat of new substitutes: The threat of new substitutes is low as clear aligners is a unique non-surgical option for treating misaligned teeth.
Competitive rivalry: The competitive rivalry in the clear aligners market is high due to presence of large number of players.
Key Takeaways
The global clear aligners market is expected to witness high growth, exhibiting CAGR of 17.% over the forecast period, due to increasing adoption of clear aligners over traditional metal braces among teenagers and adults due to aesthetic appearance.
Regionally, North America dominated the global clear aligners market in 2023 and is expected to continue its dominance during the forecast period. The growth is attributed to highest adoption of clear aligners technology and presence of key players in the region. Asia Pacific is expected to witness fastest growth during forecast period owing increasing awareness regarding dental aesthetics among growing middle class population in countries like China and India.
Key players operating in the clear aligners market are Align Technology, Inc., DynaFlex, Dentsply Sirona, Inc., SmileDirectClub, Straumann Group, Danaher, Henry Schein, Inc., Great Lakes Dental Technologies, Rocky Mountain Orthodontics, eXceed, 3 M, Argen Corporation, Illusion Aligners, Candid Care Co., Tianjin ZhengLi Technology Company Limited, Scheu Dental, TP Orthodontics, Inc., K-Line Europe, 32 Watts, and Klear Aligner.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
