The clear aligners market was USD 4,613 million in 2022, and it is projected to reach USD 36,648 million, growing at a rate of 29.6%, by 2030 as per a report by a market research institution P&S Intelligence.
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The growth is mainly attributed to the increasing number of people suffering from malocclusions, the rising demand for customized aligners, and the advancement of technology in dental treatments.
In 2022, the adult category held the largest clear aligners revenue share, at approximately 66%. This is ascribed to numerous teeth issues including the incidence of malocclusion among the populace.
North America has the leading position in the industry, and it will maintain its position in the years to come, by reaching USD 21,256 million by the end of this decade. This is credited to the high healthcare expenditure, high disposable income, and quicker implementation of advanced and new technologies in the region.
The U.S. led the clear aligners industry in the North American region, and it will advance at a rate of over 30% throughout this decade. This is because of the presence of a large number of major players and strong healthcare infrastructure in the country.
Additionally, businesses in the region are also concentrating on mergers & acquisitions, product launches, and collaborations to advance their position in the industry. For example, OraPharma announced the launch of OraFit, a custom clear aligner system, which is used for misaligned permanent or correcting crooked teeth, in February 2022.
The increasing number of individuals suffering from malocclusions is likely to boost the aligner's demand. As per government reports in 2021, malocclusion is considered a vital oral health issue. The incidence of this issue is highly variable, for instance approximately 39% and 93% in children and adolescents, respectively.
It is because of the speedy implementation of digital technologies, the growing popularity of cosmetic dentistry procedures, and increasing concern and awareness about oral hygiene, the clear aligners industry will grow significantly in the years to come.
