Company Market Research Report: Align Technology, Inc.
Company Overview
Name
Align Technology, Inc.
Mission of the Company
Align Technology is dedicated to transforming lives through a better smile by reimagining orthodontic and restorative treatment for millions worldwide.
Company History
- Founded: March 1, 1997
- Founders: Five employees started the company in a small duplex in Redwood City, California.
Headquarters
No information is available.
Number of Employees
Approximately 21,000 employees globally.
Revenue
$3.9 billion in annualized net revenues.
Known For
Align Technology is known for the Invisalign® System, the most advanced clear aligner system globally, trusted by over 18 million people to improve their smiles. Additionally, the company offers iTero™ intraoral scanners that enhance dental practices with better precision and patient experiences.
Key People in the Company
No information is available.
Products
Invisalign® System
- Description: The most advanced clear aligner system for straightening teeth, used by over 18 million patients worldwide.
- Key Features:
- SmartTrack™ Material: Patented for more constant force and improved tooth movement control.
- SmartStage™ Technology: Precise programming of tooth movements for optimal outcomes.
- SmartForce™ Attachments: Designed for predictable tooth movements.
iTero™ Intraoral Scanners
- Description: Intraoral scanners that enhance patient experiences and improve clinical precision for dental practices.
- Key Features:
- Integration with Invisalign for seamless workflow in orthodontic and restorative dentistry.
- Advanced imaging technology providing accurate digital impressions.
Recent Developments
New Products and Innovations
- Invisalign® Palatal Expander System:
- Received FDA 510(k) clearance in the U.S.
- Intended for a broad range of patients, including growing children and adults. Commercialization expected in 2024 in Australia and New Zealand.
New Product Features
No information is available regarding new features added to existing products.
Partnerships and Collaborations
- Digital Smile Design (DSD): Partnership aimed at advancing multidisciplinary dentistry and creating streamlined digital workflows.
- MedTech Innovator: Partnership to match healthcare industry leaders with innovative medtech startups.
Financial Milestones and Strategic Initiatives
- Patient Milestones: Reached 18 millionth Invisalign patient.
- Research and Innovation:
- Launched annual research programs to advance orthodontic and dental patient care.
- Development of products like Invisalign Palatal Expander highlights commitment to continuing innovation.
Other Financial Activities
The company announced a $275 million open market repurchase program to optimize shareholder value.
Corporate Social Responsibility and Philanthropy
- Operation Smile: Align has donated approximately $2.7 million, sponsoring surgeries for people with cleft conditions.
- America’s ToothFairy: Supported educational programs, benefiting over 1.3 million underserved children.
- Junior Achievement (JA): Supported youth readiness and mentored young individuals in economic empowerment fields.
Conclusion
Align Technology, Inc. continues to be a leader in digital orthodontics and dentistry through continuous innovation in products and technologies. Its commitment to global expansion, partnerships, and philanthropy reflect its mission to transform smiles and improve lives worldwide.
