Align Technology, manufacturer of Invisalign aligners and iTero intraoral scanners, has presented its figures for the first quarter of 2024 (Q1’24). Sales increased by 5.8% year-on-year to 997.4 million US dollars.
The Clear Aligner division generated revenue of USD 817.3 million, an increase of 3.5% compared to the same quarter of the previous year. The unit volume here increased by 2.4%. The Imaging and CAD/CAM Services division recorded an increase of 17.5% with 180.2 million dollars.
“I am pleased with the better than expected sales and profit figures in the first quarter – a solid start to the year,” said Align CEO Joe Hogan. “All regions reported sales growth, driven by strong Invisalign volumes, particularly in Asia Pacific.”
The Orthodontics division grew significantly, with case numbers for teenagers and younger patients up 5.8%. The momentum of Invisalign First and Invisalign DSP Touch-Up Cases had a positive impact here.
Over the course of the year, Align expects revenue growth in the mid-single-digit percentage range compared to 2023. For Q2 2024, the company expects more moderate growth than in Q1.
The company reached important milestones in the reporting period: The completion of the acquisition of 3D printing specialist Cubicure to develop the next generation of splints as well as the market launch of the iTero Lumina scanner and the 3D-printed Invisalign Palatal expander for dental arch expansion.
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