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US Clear Aligners Market Booming Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand, Analysis by Top Leading Player and Forecast Till 2022-2029
US Clear Aligners Market Booming Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand, Analysis by Top Leading Player and Forecast Till 2022-2029
The US Clear Aligners Market size is projected to reach USD 6.23 billion by 2029, exhibiting an astounding CAGR of 16.0% during the forecast period. This information is published by Fortune Business Insights™ in its report, titled “US Clear Aligners Market, 2022-2029.” The report further mentions that the market value stood at USD 1.82 billion in 2021.
Factors such as the increasing preference for clear aligners over traditional orthodontic products and the increasing prevalence of malocclusion in the U.S. will favor the product’s adoption during the forecast period. According to the World Health Organization estimates, around 15%-20% of the U.S. population suffers from malocclusion.
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Industry Development:
January 2021 – Dentsply Sirona acquired Byte, a leading direct-to-consumer clear aligner company. The move consolidates its position in the country and further aids in expanding its product portfolio.
Market Exhibited Sluggish Growth Rate of 5.3% in 2020; Postponed Orthodontic Procedures to Stall Growth
In 2020, the US Clear Aligners Market growth experienced a slowdown, registering a low CAGR of 5.3% due to either postponement or cancellation of orthodontic procedures in the U.S. For instance, the American Dental Association in March 2020 had recommended the postponement of elective procedures due to the spread of the COVID-19 pandemic in the country. This led to the market showcasing sluggish growth in the initial months of 2020. However, the final quarter of the year turned out to be exceptional for the companies due to the growing demand for digital tools in orthodontics and restorative dentistry. In 2021, this market is expected to reach a value of USD 1.52 billion.
Market Segmentation:
Based on age group, the market is segregated into teenage and adult.
On the basis of the end-user, the market is bifurcated into dentist & orthodontist-owned practices and others. Here, the dentist & orthodontist-owned practices segment is expected to hold the largest US Clear Aligners Market share in terms of revenue in the forthcoming years. This is due to the increasing number of patients seeking treatments for severe malocclusion across several dentist & orthodontist-owned clinics in the U.S.
What does the Report Provide?
The report provides in-depth analysis of the market and focuses on crucial aspects such as leading companies, applications, and types. Also, the report provides qualitative and quantitative insights into market trends and highlights vital industry developments. Additionally, the report encompasses various factors that have contributed to the growth of the market by adopting several research methodologies during the forecast period.
Increasing Preference for Clear Aligners over Traditional Orthodontics to Propel Market Growth
Invisible aligners provide excellent comfort and convenience, coupled with a high degree of customization. Moreover, the invisible nature of the product has led to its high preference over other traditional orthodontic products in the U.S. According to medical sources, the increasing adoption of clear aligners leads to reduced irritation of the gums and cheeks and further requires fewer visits to dental clinics and orthodontists. Therefore, owing to their myriad benefits, the increasing preference for transparent teeth-straightening solutions is expected to contribute to the growth of this market in the forthcoming years.
List of Key Players Profiled in this Market Report:
Align Technology, Inc. (San Jose, U.S.)
3M (Maplewood), (U.S.)
Institut Straumann AG (Basel, Switzerland)
Ormco Corporation (Envista) (Brea, U.S.)
Dentsply Sirona (York, U.S.)
Henry Schein, Inc. (Melville, U.S.)
Candid Care Co. (New York, U.S.)
SmileDirectClub, Inc. (Nashville, U.S.)
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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