Investment Rating - The report indicates a positive outlook for the invisible orthodontics industry, projecting a compound annual growth rate (CAGR) of 13.9% from 2024 to 2030, with market size expected to grow from 145 billion to 316 billion yuan [16][17]. Core Insights - The invisible orthodontics market in China is characterized by a large patient population, with over 1 billion individuals suffering from malocclusion, and a significantly higher prevalence of complex cases (Class II/III) compared to Western countries [4][20]. - The industry is currently dominated by two major players, Angelalign and Invisalign, which have established a "dual oligopoly" market structure, leading to intense competition and innovation [6][35]. - The report highlights the increasing demand for invisible orthodontics driven by rising consumer awareness of aesthetics and comfort, as well as advancements in technology such as AI design and 3D printing [17][38]. Summary by Sections Industry Overview - Malocclusion is defined as a dental condition resulting from abnormal jaw relationships, affecting oral health and function, necessitating orthodontic treatment [3][7]. - The prevalence of malocclusion in China is notably high, with complex cases reaching 45-50%, significantly above the 20-40% range seen in Europe and America [4][20]. Market Size - The market size for invisible orthodontics in China is projected to increase from 100 billion yuan in 2019 to 145 billion yuan in 2024, and further to 316 billion yuan by 2030 [16][17]. - The demand for invisible orthodontics is expected to rise due to improved consumer aesthetics awareness and the effectiveness of invisible aligners compared to traditional methods [17]. Supply Chain Analysis - The supply chain consists of upstream suppliers of orthodontic materials, midstream service providers, and downstream dental institutions, with a notable trend towards digital integration and efficiency [5][26]. - The core material for invisible aligners has transitioned from imported monopolies to domestic production, stabilizing the market with key players like Angelalign and Invisalign [5][29]. Competitive Landscape - The competitive landscape is marked by a "dual oligopoly" led by Angelalign and Invisalign, with both companies leveraging continuous technological advancements and clinical data to maintain their market positions [6][35]. - The report notes that the introduction of centralized procurement in 2022 has led to significant price reductions, enhancing affordability and market penetration, especially in lower-tier cities [22][23]. Technological Advancements - Innovations in materials, such as the development of PETG and TPU for aligners, have improved treatment outcomes and patient comfort [29][38]. - The integration of AI and 3D printing technologies is expected to further enhance the precision and efficiency of orthodontic treatments, creating opportunities for new entrants in the market [38].