Clear Aligners Market Expected to Reach $19.02 billion by 2030: Players 3M, Align Technology Inc.

As per the report published by The Brainy Insights, the global clear aligners market is expected to grow from USD 2.5 billion in 2020 to USD 19.02 billion by 2030, at a CAGR of 22.5% during the forecast period 2021-2030. The Asia Pacific region is expected to grow at the fastest CAGR over the forecast period. This is primarily due to increased demand for clear aligners in developing countries like China and India. The growing trend of aesthetic appeal in these regions is fueling the market.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭- https://www.thebrainyinsights.com/enquiry/sample-request/12606

The clear aligners market refers to the industry involved in the production and sale of orthodontic devices that are used to align teeth without the use of traditional braces. Clear aligners are made of transparent plastic material and are custom-made for each patient.

The clear aligners market is driven by the growing demand for aesthetic orthodontic solutions and the increasing prevalence of malocclusion and other dental problems. The convenience and comfort of clear aligners compared to traditional braces are also contributing to the growth of this market.

Leading companies in the industry include 3M, Align Technology, Inc., SCHEU DENTAL GmbH, Ormco Corporation, DynaFlex, TP Orthodontics, Inc., Henry Schein Orthodontics, Envista Holding Corporation, Institut Straumann AG, Dentsply Sirona and Argen Corporation among others which are providing greater opportunities and are continuously focused on venture capital investments and new product developments to obtain market share. For instance, Align Technology partnered with Zimmer Biomet Dental in September 2019 to leverage their extensive direct worldwide sales force and network of laboratories and dental doctors to assist higher penetration and provide access to clear aligners through the iTero platform.

The age segment is divided into adult and teenage. The teenage segment dominated the global clear aligners market with the market revenue of USD 1.78 Billion in 2020. Malocclusion is a dental disorder that can cause problems like impaired dentofacial aesthetics, disruptions of oral function such as swallowing, mastication, and speaking, as well as increased susceptibility to periodontal disease and trauma. Acceptable aesthetic appearance, especially dental appearance, is important today. The adolescent population is becoming increasingly concerned about their dental looks. By end-user, the market is segmented into dental & orthodontic clinics, hospitals. The dental & orthodontic clinics segment dominated the market with a market revenue of USD 1.375 Billion in 2020. Due to their strong skills, orthodontists and other qualified dental practitioners are given a high preference in the segment.

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During the forecast period, the clear aligners market is expected to rise due to rising demand for aesthetics and an increase in demand for clear braces in orthodontic treatment. The market's growth rate is fueled by significant technology advancements, greater per capita spending, increased penetration by key firms, and improved economic indicators in developing regions. The industry's growth, however, will be hampered by high treatment costs. Increasing MedTech research and development expenditures, technological advancements, and increased product launches are just a few of the significant developments.

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This release was published on openPR.