R&M: Clear aligners market to grow at 18.2% CAGR
Katherine E. Pfaff
Market analysts, ResearchAndMarkets, forecast that the global clear aligners market will grow to $8,708.67 million by 2028. The uptick is expected to reach a CAGR of 18.2% from a value of $2,430.84 million in 2020.
Growth is anticipated based on increased numbers of patients with dental issues, including children with malocclusions, and widespread interest in cosmetic dental improvements. Rates of malocclusion in adolescents are higher in European populations and in Japan, according to ReserachAndMarkets. At the same time, the COVID-19 pandemic adversely impacted the market as manufacturing was strained with a combination of decreased dental appointments and thus aligner system sales and supply chain disruptions.
Clear aligners highlighted in the report include polyurethane plastic, polyethylene terephthalate glycol, and polyvinyl chloride. Last year, Polyurethane plastic made up the segment with the largest market share based on advancements in technology and dentists' high degree of use.
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