Invisalign and its Growth
- Invisalign is a brand of clear aligners manufactured by Align Technology.
- The clear align system has been used to treat more than 14 million patients.
- Invisalign was approved by the Food and Drug Administration in 1998.
- Orthodontists were initially resistant to adopting Invisalign.
- Align Technology raised about $140 million in funding over four rounds from 1997 to 2000.
- By 2001, 75 percent of the 8,500 orthodontists in North America had been trained on the Invisalign system.
- Align Technology made Invisalign available to general dentists following a class-action lawsuit.
- The Invisalign system grew from 80,000 patients in 2002 to 175,000 in 2004.
- Invisalign won several awards for stereolithography, medical design, and fast growth.
- Align Technology expanded into Japan and acquired General Orthodontic in 2005.
Invisalign Product Updates
- Invisalign Express 10, which uses 10 aligners, was introduced in 2005.
- Invisalign 1.5 was released in 2009, followed by Invisalign G3 in 2010 and G4 in 2011.
- Invisalign G3 and G4 were designed for more complex treatments.
- An Invisalign Express 5 version, which uses 5 aligners, was introduced in 2012.
- In February 2014, Align Technology released a G5 product designed to treat deep bites.
Align Technology Operations
- Align Technology's headquarters are located in California.
- The manufacturing of Invisalign aligners is performed in Mexico.
- Treatment plans for Invisalign are created in Costa Rica.
- Align Technology operates subsidiaries in Hong Kong and Australia.
- The company provides training and certification to doctors.
Align Technology History and Financial Performance
- Align Technology was founded by Zia Chishti and Kelsey Wirth in 1997.
- The Invisalign system was first marketed in 2000.
- Align Technology went public on the Nasdaq Stock Market in 2001.
- In March 2011, Align acquired Cadent System, Inc. for $190 million.
- Joseph M. Hogan joined Align as CEO and president in June 2015.
- Align Technology has experienced significant growth since its IPO.
- In 2020, the company announced the acquisition of Exocad, a dental CAD/CAM software leader.
- The acquisition was valued at €376 million.
- The company's financial success has attracted attention from investors and media.
- Align Technology continues to expand its portfolio through strategic acquisitions.
Industry Recognition and Corporate Developments
- Align Technology has received recognition for its contributions to the orthodontic industry.
- The company has been featured in publications like Forbes and Business Insider.
- Align Technology has formed partnerships with dental professionals and institutions.
- The company collaborates with orthodontists to provide training and support.
- Align Technology's products and technology have transformed the field of orthodontics.
- In 2023, Align Technology appointed a new executive vice president and managing director.
- The company announced the acquisition of Cubicure, a leader in additive manufacturing.
- Align Technology's operations have expanded globally.
- The company has faced challenges in certain markets, such as Russia.
- Align Technology remains committed to innovation and advancing dental technology.
Align Technology is an American manufacturer of 3D digital scanners and Invisalign clear aligners used in orthodontics. It was founded in 1997 and is headquartered in Tempe, Arizona. The company manufactures the aligners in Juarez, Mexico, and its scanners in Israel and China. The company is best known for its Invisalign system, which is a clear aligner treatment used to straighten teeth.
 | |
| Type | Public |
|---|---|
| ISIN | US0162551016 |
| Industry | Orthodontics devices |
| Founded | 1997 |
| Founders |
|
| Headquarters | Tempe, Arizona, U.S. |
Area served | Worldwide |
Key people | Joe Hogan (President & CEO) |
| Products | Clear aligners, scanners |
| Revenue |  US$3.73 billion (2022) |
| US$643 million (2022) | |
| US$362 million (2022) | |
| Total assets |  US$5.95 billion (2022) |
| Total equity | US$3.60 billion (2022) |
Number of employees | 23,165 (December 2022) |
| Website | aligntech |
| Footnotes / references | |
