10 March 2022

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Clear aligner market to surpass $6B

Katherine E. Pfaff

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The worldwide market for clear aligners is predicted to grow to $6.2 billion by the end of 2026, according to a report by market analysts, ReportLinker.com. An uptick in the global market is expected based on growth in cosmetic dentistry, customizability, appeal of temporary and removable aligners, and advancing technology.

During the forecast period ending 2026, the global clear aligners market is projected to grow at a CAGR of 19.1%, after the market was valued at $2.2 billion in 2020 when nations were in the throes of the pandemic. In the 2021 year, the US was estimated to hold the largest share of the market at 53.66% and a value of $1.3 billion.

By age group, the teenage segment is predicted to grow to $5.9 billion by 2026, marking a CAGR of 20.8%. For the adult segment, growth was forecast at 14.1% CAGR over the next 7 years. Adults receiving clear aligner treatment are estimated to be about 28.8% of the market share.

The market is expected to grow based on increased rates of demand for orthodontic care by teens and adults seeking to treat malocclusion. However, while for orthodontists the profit is often lower for patients seeking clear aligners as opposed to traditional braces due to materials, the clear aligner option makes the treatment accessible for a wider range of dental practices. Clear aligners systems have also improved in precision so that patients with significant dental issues may be treatable.

Also adding to growth in the sector, dental patients are increasingly seeking cosmetic and aesthetic treatments to improve personal appearance. Patients across the globe, as an average, have greater access to disposable income and can seek purely cosmetic treatments.

Source: https://www.globenewswire.com/news-release/2022/02/24/2391196/0/en/Global-Clear-Aligners-Market-to-Reach-6-2-Billion-by-2026.html