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ALGN Stock Might Rise Following the NMPA Approval in China
ZACKS· 2025-05-16 13:01
Core Viewpoint - Align Technology, Inc.'s Invisalign Palatal Expander System has received approval from the National Medical Products Administration in China, allowing for broad patient applicability and expected commercial availability in the second half of 2025 [1][3]. Company Developments - The approval of the Invisalign Palatal Expander System marks a significant milestone in the company's efforts to improve clinical outcomes and efficiency in orthodontics [2]. - The Invisalign Palatal Expander System is a modern, innovative direct 3D-printed device designed for rapid expansion of the upper jaw during patient treatment [5]. - The system consists of a series of removable devices that are customized to the patient's unique anatomy using the company's iTero intraoral digital scan [6]. - Align Technology has also made its Invisalign System with mandibular advancement commercially available, which is designed for Class II skeletal and dental correction [11]. Market Performance - Following the announcement of the approval, ALGN's shares decreased by 0.5% to $183.4 in after-market trading [3]. - Currently, Align Technology has a market capitalization of $13.53 billion and an estimated long-term earnings growth rate of 11.2%, compared to the industry's 9.8% [4]. - In the past month, ALGN's shares have declined by 31.7%, while the industry experienced a 5% decline [12]. Industry Prospects - The global 3D printing market is projected to grow from $17.5 billion in 2024 at a compound annual growth rate of 16.4% through 2029, indicating a favorable environment for companies like Align Technology [8].
Solventum Partners With SprintRay for Same-Day Dental Restorations
ZACKS· 2025-03-31 16:16
Core Insights - Solventum Corporation (SOLV) has partnered with SprintRay to introduce a revolutionary solution for digital dentistry, enabling high-quality, same-day dental restorations through advanced 3D printing technology [1][3] - This collaboration aims to enhance dental care by reducing turnaround time and improving the quality of restorations, providing dental professionals with reliable and cost-effective treatment options [2][4] Company Developments - The partnership introduces the first permanent, chairside 3D-printed crown, combining Solventum's expertise in advanced dental materials with SprintRay's 3D printing technology [3] - The initiative focuses on enhancing patient experience and clinical efficiency by minimizing chair time, reducing office visits, and lowering treatment costs [4][5] Industry Prospects - The global digital dentistry market was valued at $6 billion in 2024 and is projected to reach approximately $19.66 billion by 2034, with a CAGR of 12.6% from 2024 to 2034 [6] - Market growth is driven by the return on investment from digital dentistry equipment, efficiency of same-day procedures, and increasing demand for aesthetic treatments [7] Competitive Landscape - Align Technology, Inc. (ALGN) is enhancing its product offerings in orthodontics and dentistry, including new capabilities for its iTero Lumina intraoral scanner [8] - Dentsply Sirona (XRAY) is driving innovation with product developments like the Primescan 2 intraoral scanner and enhancements to the DS Core platform [10][11] - Envista Corporation (NVST) is advancing digital dentistry with new offerings from DEXIS, including a new CBCT platform and the DEXIS Ti2 Sensor [12][13]