Coherent Market Insights

Clear Aligners Market to surpass US$ 15.68 Bn by 2031

Clear Aligners Market to surpass US$ 15.68 Bn by 2031 - Coherent Market Insights

Publish In: May 13, 2024

The Clear aligners market is estimated to be valued at USD 5.30 Bn in 2024 and is expected to exhibit a CAGR of 16.8% over the forecast period (2024-2031). The rising adoption of multilumen catheters and antibacterial coated central venous catheters is expected to fuel the market growth.

Market Dynamics:

The growth of the global clear aligners market is driven by the increasing demand for invisible and discreet orthodontic treatments among teenagers and young population along with rapid advancement in clear aligner material technology. According to a survey, nearly 50% of teenagers would opt for clear aligners over traditional metal braces due to aesthetics and comfort benefits. Moreover, the prevalence of malocclusion disorders such as deep bite, open bite and crowding has been rising worldwide, thus propelling the demand for effective orthodontic solutions including clear aligners. On the other hand, lack of dentist recommendations and guidance in some cases has been limiting the widespread adoption of clear aligners to some extent. However, ongoing initiatives by clear aligner manufacturers to educate dentists regarding the benefits and effectiveness of clear aligners is anticipated to address this issue over the forecast period.

Growing Patient Acceptance and Awareness of Clear Aligners as an Effective Alternative to Traditional Braces

One of the primary market drivers for the global clear aligners market is the growing patient acceptance and awareness of clear aligners as an effective alternative to traditional metal braces. Clear aligners are virtually invisible when worn and allow patients to avoid the potential embarrassment of having visible braces. They are also more comfortable than braces since they are removable. This has led to more adult patients seeking clear aligner treatment as an option. Manufacturers have helped drive greater awareness of clear aligners through extensive marketing and advertising campaigns directly to consumers

Advancements in Clear Aligner Technology and Treatment Planning Software

Advancements in clear aligner material formulations and treatment planning software are another key driver for market growth. Aligners made from new material compositions are becoming stronger, thinner and more comfortable. Treatment planning software is also becoming more sophisticated, allowing orthodontists to more accurately simulate tooth movement outcomes. 3D digital scanning and printing technologies have improved as well. These ongoing technological enhancements are helping to increase the complexity of cases that clear aligners can effectively treat. It is expanding the potential patient pool and leading to shorter treatment times

Higher Cost of Clear Aligners Compared to Traditional Braces

The higher overall cost of clear aligner treatment compared to traditional metal braces remains a key restraint limiting more widespread market adoption, especially in developing regions. A full clear aligner treatment plan typically costs US$ 3,000-US$ 8,000 or more on average depending on the complexity of the case. In contrast, traditional silver or ceramic braces usually range between US$ 3,000 and US$ 7,000 including all associated costs. This price difference is significant for many consumers and deters them from choosing clear aligners.

Requirement of Patient Compliance and Regular Orthodontist Visits

Another market restraint is the need for clear aligner patients to properly wear their aligners for the prescribed number of hours per day and attend regular orthodontist check-ups. Unlike traditional braces which are fixed in place, aligners must be removed for eating, drinking, brushing and flossing. This requires discipline from patients and there is a risk of suboptimal compliance negatively impacting treatment results. It also means that patients cannot simply install their own aligners like traditional removable appliances and must work closely with their orthodontist throughout treatment.

Growth in Teledentistry and Direct-to-Consumer Clear Aligner Options

One significant market opportunity is the growth of teledentistry and direct-to-consumer clear aligner options. Several teledentistry companies now offer virtual orthodontic consultations and clear aligner treatment entirely remotely. Patients can get 3D scans uploaded and reviewed by a licensed orthodontist, who then designs and oversees their treatment plan without visiting an in-person dental practice. This reduces barriers to access and makes clear aligners more convenient and affordable for some customers. Established brands are also releasing more affordable direct-to-consumer clear aligner systems which can be purchased online after a do-it-yourself impression or scan. This is expected to further expand the potential patient population.

Growing Demand for Clear Aligners in Emerging Markets

Expanding demand for clear aligners in emerging markets like India, Brazil, Mexico and China presents a major opportunity for future market growth. Orthodontic treatment rates are increasing in these regions due to growing middle classes and interests in aesthetics. Local manufacturing of clear aligners through partnerships with major players could help address cost barriers. Cultural attitudes towards orthodontics are also changing as clear aligners become more visible in media and advertising. Increased awareness combined with greater disposable incomes will likely drive the adoption of clear aligners in emerging markets in the coming years, outside of just tier 1 cities

Link: https://www.coherentmarketinsights.com/market-insight/clear-aligners-market-2411

Key Development

  • In August 2023, Ormco Corporation, an orthodontics product company, announced that it had launched highly anticipated Spark Clear Aligners Release 14. Release 14 continues Spark's philosophy of giving orthodontists control and flexibility. Spark Aligner System is already an open platform that accepts scans from all major intraoral scanners.
  • In July 2023, Angelalign Technology Inc., a global provider of clear aligner dental technology and evidence-based clinical expertise, announced the launch of its custom-made clear aligners into the U.S. market
  • In February 2022, Bausch Health Companies Inc.. a global pharmaceutical company, and its oral health care business, OraPharma, announced the U.S. launch of the OraFit custom clear aligner system, which is indicated for correcting malocclusion, which is also known as crooked or misaligned permanent teeth. The new OraFit aligner system uses high-performance materials in a three-layer design that offers dental professionals and their patients the latest in clear aligner technology and addresses the increased demand for improved aesthetics, more comfortable aligners and overall long-term oral health.

Key Players: Align Technology, Inc., DynaFlex, Dentsply Sirona, Inc., SmileDirectClub, Straumann Group, Danaher, Henry Schein, Inc., Great Lakes Dental Technologies, 3M, Argen Corporation, Illusion Aligners, Tianjin ZhengLi Technology Company Limited, Candid Care Co., Klear Aligner, Scheu Dental, TP Orthodontics, Inc., K-Line Europe, and Rocky Mountain Orthodontics

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