SAN JOSE, Calif., U.S.: The Invisalign clear aligner system entered the market with a string of patents and no competitors in the late 1990s. According to Zacks Equity Research, a June 2011 investment of $1,000 (€700) in its manufacturer, Align Technology, would have gained 2,668% in value by June this year.
NEW YORK, U.S.: BioHorizons Implant System, a leading global provider of dental implant and tissue regeneration products, has donated funding and in-kind support to the New York University College of Dentistry (NYU Dentistry) to facilitate access to dental implants for patients in need and to enhance the college’s continuing education programs.
Electro Medical Systems (EMS) is a leading manufacturer of precision medical devices for dental prophylaxis. Recently, Dr Ernst Wühr was appointed the general manager of the Swiss company. Throughout his almost 20-year career in the dental business, he has gained profound expertise in the European and Asian dental markets. In this short interview, Wühr talks about his new role as EMS emerges from the pandemic-induced crisis.
The European digital dentistry market, which includes CAD/CAM systems, CAD/CAM materials and dental 3D printers, is projected to experience double-digit growth reaching over €1.4 billion ($ 1.7 billion) by 2027, as digital technologies have begun to revolutionise the European dental prosthetics market reaching into the foreseeable future. This will be driven by strong market growth in the intra-oral scanner and dental 3D printing space.
SHANGHAI, China: Many readers may not have heard of Angelalign Technology, the largest clear aligner manufacturer in mainland China. The company shares most of the letters in its name with its largest competitor, US-based Align Technology, and the two companies also share the bulk of Chinese clear aligner sales. Angelalign stepped out of relative obscurity and into the international spotlight in June when it offered nearly 17 million shares on the Hong Kong stock exchange.
CHARLOTTE, N.C., U.S.: Dental giant Dentsply Sirona has acquired the assets of U.S.-based Propel Orthodontics. Propel develops and manufactures orthodontic devices and sells them around the world, and Dentsply Sirona says that the acquired assets will strengthen its position in the fast-growing clear aligner market.
June 8, 2021 | Business
LONDON, UK: Clear aligner provider Align Technology has recently announced that the Invisalign system has cracked the ten million mark. The clear aligners are used to treat adults, adolescents and children from the age of six. According to the company, out of the ten million patients, 2.6 million are teenage patients.
CHARLOTTE, N.C., U.S./COPENHAGEN, Denmark: Dentsply Sirona announced recently that it has entered into a partnership with 3Shape, a Danish developer and manufacturer of 3D scanners and CAD/CAM software solutions. The first step of this partnership focuses on a facilitated collaboration for better access between 3Shape’s intraoral scanner TRIOS and Dentsply Sirona’s SureSmile Aligners.
June 4, 2021 | Business
WELLS, UK: Despite an incredibly challenging year for businesses all over the world, the UK-based subsidiary of the Swedish oral hygiene brand TePe was able to achieve tenth place in the small business category on the 2021 UK’s Best Workplaces list, recently published by Great Place to Work UK. This makes TePe one of 183 UK-based organisations recognised by its employees as having fostered a healthy workplace culture through trust, pride and camaraderie during the SARS-CoV-2 pandemic.
NASHVILLE, Tenn., U.S.: In May, direct-to-consumer orthodontics company SmileDirectClub (SDC) was the victim of a substantial cyberattack. Numerous parts of SDC’s business were affected, including treatment planning, manufacturing and product delivery, and the company has since downsized its revenue forecast for the second quarter of this year by $10 million to $15 million (€8 million to €12 million).
NEW YORK, U.S.: Dental bone grafting has become an important and common step in the dental implant procedure. Advancements in allograft, xenograft and synthetic bone graft materials have positioned them as suitable alternatives to traditional autologous bone grafts, and this has created a thriving market for dental biomaterials. Although demand declined significantly in 2020 owing to the rippling economic effects of the COVID-19 pandemic, it is expected to recover quickly alongside the overall demand for dental implants.
LEIPZIG, Germany: The global dental market has been described as “impressively resilient” and “a necessity” in the latest round of conference calls hosted by major dental companies. Dentists struggled in 2020 and so did the companies that keep their clinics stocked, but sales in the fifth financial quarter affected by the SARS-CoV-2 outbreak make it clear that practices around the world are open and offering most dental procedures.
BASEL, Switzerland: The COVID-19 pandemic has now spanned 15 months, meaning that the latest quarterly results posted by dental companies are no longer being compared with pre-pandemic figures. Despite this lower benchmark, the performance of the Straumann Group in the first quarter of 2021 was impressive—sales spiked by 72% in the Asia Pacific (AP) region, by 32% in the Europe, Middle East and Africa (EMEA) region, and by 19% in North America.
CHARLOTTE, N.C., U.S./GENEVA, Switzerland: As a global industry leader, Dentsply Sirona recognizes its responsibility to the environment and is focused on ways to become a more sustainable business through investment and innovation. In this spirit, the company is pleased to announce its participation as a founding partner in FDI World Dental Federation’s Sustainability in Dentistry initiative.
THIRUVANANTHAPURAM, India/CELEBRATION, Fla., US: The days of dental clinics using multiple software solutions are numbered, according to health technology start-up CareStack. The six-year-old dental software company raised $22.5 million (€18.6 million) in capital in April, bringing the total amount of funds raised by the company to more than $60 million, and it now plans to expand its operations and double the size of its team.
WROCŁAW, Poland: With substantial manufacturing capabilities in Mexico and China, Align Technology can already boast of having the world’s largest 3D-printing operations. The Invisalign maker now plans to expand its global production footprint by building its first factory in the Europe, Middle East and Africa (EMEA) region.
CAMBRIDGE, Ontario, Canada: Septodont, a global pharmaceutical and medical device company specializing in dental pain management, has announced that its Canada-based pharma division, Novocol Pharma, will receive funding of over C$32 million from the Canadian government. The investment is part of a countrywide initiative to advance vaccines and therapeutics for COVID-19 on a national level.
BERLIN, Germany: The orthodontics start-up PlusDental is now offering clear aligner treatment at dental practices in Sweden. According to the company, its new Swedish operations will initially include working with 30 partner clinics, opening pop-up stores across major cities and establishing new regional headquarters.
LONDON, UK: More than one-third of UK practice owners report that private revenue is higher now than it was before the pandemic, according to an insider view on corporate and independent dental operators by London-based Christie & Co. The specialist property advisor says that, although banks are now taking a more cautious approach, they remain positive about lending to dentists and dental groups in 2021.
CHARLOTTE, N.C., U.S.: Dentsply Sirona and the Pittsburgh-headquartered dental support organization (DSO) North American Dental Group (NADG) have agreed to extend a partnership related to digital imaging solutions. In a press release, Dr. Andrew Matta of NADG said that the new agreement will help the DSO to keep up to speed with the continuing evolution of dental care.
NASHVILLE, Tenn., U.S.: Orthodontics disruptor SmileDirectClub (SDC) reported small declines in revenue and clear aligner case numbers for the fourth quarter of last year. The company’s chairman and CEO, David Katzman, outlined SDC’s continued global expansion, however, and said that consumers and dentists had shown increased acceptance of its direct-to-consumer tooth straightening business model during the pandemic.
LEIPZIG, Germany: The SARS-CoV-2 pandemic has already proved to be the greatest challenge that dental manufacturers have faced. The oral health giants Dentsply Sirona, Henry Schein and Envista Holdings all showed strong signs of recovery in their fourth-quarter results for 2020. It seems that the Straumann Group is not the only major market competitor to have seen growth in dental sales return late last year.
MELVILLE, N.Y., U.S.: During the Chicago Dental Society Midwinter Meeting, which took place online for the first time this year, Henry Schein virtually hosted a global media event on Feb. 25. At its Managing Through Crisis for a Stronger Tomorrow press conference, the company’s leadership presented key lessons from the COVID-19 pandemic and provided a look into the future as dentistry emerges from this world crisis.
LEIPZIG, Germany: In-person dental events have not taken place during the SARS-CoV-2 pandemic, and the industry is eager to resume this kind of interaction between manufacturers, dealers and dental teams. Located in the heart of the German city of Leipzig, one venue has raised its hand to host dental events of the future.
HELSINGBORG, Sweden: The Swedish manufacturer of dental consumables Directa has announced the acquisition of the US-based manufacturer ContacEZ and the Scandinavian endodontic business Sendoline.
NEW YORK, U.S.: Henry Schein has announced that it features on the FORTUNE World’s Most Admired Companies list for 2021. This marks the 20th consecutive year of recognition for the company.