The US Clear Aligners Market size is projected to reach USD 4.55 billion by 2028, exhibiting an astounding CAGR of 17.0% during the forecast period. This information is published by Fortune Business Insights™ in its report, titled “US Clear Aligners Market, 2021-2028.” The report further mentions that the market value stood at USD 1.28 billion in 2020.
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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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.
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