Align Technology Reports H1 Revenue of $490.3M, Surpasses 5.5 Million Invisalign Cases, and Ships First iTero Element Scanners to China
Based on a vast case library, the future goal is to achieve data-driven diagnosis and treatment.
Image from the company's official website
VCBeat (WeChat: vcbeat) has learned that Align Technology (hereinafter referred to as “Align”), a giant in dental equipment, recently released its financial results for the first half of the year ended June 30, 2018.
According to the data, the Invisalign system, iTero intraoral scanning system, and OrthoCAD® digital services are available for use by general practitioners (GP dentists), orthodontists, and other dental specialists. Align provides training, clinical education programs, and the tools necessary for treatment options in clinical practice.
The semi-annual report shows that Invisalign shipments in the second quarter of 2018 reached 302,700 units, a year-on-year increase of 30.5%. Shipments in the Americas and global markets grew by 22.2% and 45.4% year on year, respectively. The number of teen patient cases in Q2 was 78,400, up 42.1% from the same period last year.
Align Semi-Annual Report: Core Data
Revenues in the second quarter were $490.3 million, a year-on-year increase of 37.5%; operating income was $122.7 million, up 46.8% year on year; operating margin was 25.0%; and net profit was $106.1 million.
Regarding the second-quarter results, Align President and Chief Executive Officer Joe Hogan stated, “The second-quarter results reflect strong growth in our customer channel, with sales volumes reaching record highs across all regions and in nearly every country market. The continued growth momentum of Invisalign doctors, as well asThe proportion of adolescent patients treated with Invisalign increased by 42.1%., driving a 37.5% year-on-year increase in revenue.”
He believes that the 30.5% year-on-year increase in sales volume reflects an accelerated expansion rate of Invisalign’s customer base,The number of physicians exceeded 50,000 for the first time., and includes more than 5,000 trained new physicians. The momentum of the iTero scanner and services business, which includes continuedAmerica’s Largest DSO, Heartland Dental, Launches iTero Scanner, and received CFDA approval in April,The First Batch of iTero Element Scanners Sold to China。
In terms of revenue, Align’s year-over-year revenue growth rates from 2015 to 2017 were 10.9%, 27.8%, and 36.4%, respectively, ranking first among global dental companies in growth rate.
In the semi-annual report, Align highlighted the following key points:
1. The EMEA (Europe, Middle East, and Africa) region reached its one-millionth Invisalign case, marking a significant milestone for the company. With over 34,000 trained orthodontists and general dentists in the region, this achievement reflects the accelerated adoption of clear aligner therapy in EMEA.
2. Following the capital of Costa RicaSan Joseand ChinaChengduAfterwards, Align established in Cologne, GermanyThe World's Third Invisalign Treatment Planning Center, reflecting Align’s determination to achieve rapid global growth. As the training organization for Invisalign providers in the German-speaking market, it delivers clinical education and local-language support to practitioners in Germany, Austria, and Switzerland.
3. Expansion of the Invisalign Product LineInvisalign First, clear aligners specifically designed for young children aged 6–10. This early orthodontic intervention is initiated before all permanent teeth have erupted, with the aim of preventing more severe dental issues from developing as the child grows. It addresses a broader range of malocclusion problems in younger patients, including short clinical crowns, abnormal eruption of permanent teeth, and predictable arch expansion.
4. The newly expanded Invisalign product portfolio, featuring new options and greater flexibility, can treat a broader range of patients. The new Invisalign product portfolio provides clinicians with more choices, extends ideal features across the entire portfolio, introduces new Invisalign Treatment Packages, and offers new options for treating young patients with early mixed dentition. The new product portfolio enables clinicians to more easilyTailoring Treatment Plans to the Needs of Each Unique Patient。
5. The new Invisalign Go product features a more user-friendly iTeroDigital Chairside Experience, allowing for more flexible treatment of a broader range of mild-to-moderate cases, such as correcting dental crowding or spacing issues prior to restorative therapy. Invisalign Go also features newData-Driven Clinical Protocols, for predictable tooth movement and automated case assessment, these assessmentsBased on more than 5.5 million Invisalign patients treated to date, these improvements make it easier for dentists to customize treatment plans based on each patient’s individual needs.
6. Vivera Post-Orthodontic Retainers: These are the first customizable retainers on the market designed to assist in the treatment of deep overbite. The introduction of the Precision Bite Ramps feature stems from Align Technology’s 2014 release of Invisalign G5 Innovations, primarily aimed at enhancing the efficacy of Invisalign in treating deep overbite. This innovation leverages advanced intraoral scanning technology to improve the efficiency of Invisalign treatment.
7. Launched the iTero Element 2 and iTero Element Flex scanners, expanding the iTero Element product portfolio. These additions build upon the existing high-precision, full-color imaging and rapid scan times of the iTero Element portfolio. Compared with the iTero Element, the next-generation iTero Element 2 delivers enhanced performance, with a twofold increase in startup speed and a 25% reduction in scan processing time.
8. The iTero Element intraoral scanner has been approved by China’s CFDA, indicating significant market potential in China.
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