In an attempt to expand its footprint in the orthodontics market, California-based Align Technology, Inc. ALGN recently released the latest version of its intra-oral scanner – the iTero Element Intraoral Scanner. This scanning system incorporates an improved imaging technology that facilitates significantly faster and accurate scan speed, intuitive operation and extraordinary visualization capabilities.
Align introduced this next generation version of the only intra-oral scanner available in the market at the 36th International Dental Show in Cologne, Germany.
Align’s iTero intraoral scanner is a single hardware platform with software options for restorative or orthodontic procedures. Unlike other systems that require physicians to apply a powder-coating on the teeth of the patient to take a dental image, iTero offers an easy-to-use, powder-free, single-person, point-and-capture procedure.
Till date, iTero scans have been utilized in more than 1.2 million restorative crown, bridge, and custom implant cases and more than 1.3 million iTero orthodontic scans, including more than 600,000 Invisalign scans. This reflects the high popularity enjoyed by this scanning system in the orthodontics market.
Align's latest iTero Element Scanner incorporates a 40% smaller and lighter wand with built-in controls; a 19-inch, high-definition, multi-touch display; and integrated gyro technology for rotation of models on screen.
This device's new image sensor can perform scanning 20 times faster, and features color scanning options that can easily distinguish between gingival and dental tissue, thereby facilitating more precise clinical evaluation.
Management at Align believes the release of its iTero Element Scanner marks a step forward toward its goal of providing its customers with the best-in-class digital dental services.
According to Align intraoral scanning in general, and specifically iTero, represents a key future trend in dentistry and a means of connecting all areas of a practice. With the aim to capture larger market share in the orthodontic market, Align is currently engaged in expanding the installed base of its iTero scanners.
We believe the availability of the iTero Element Intraoral Scanner in the market, expected in the second half of 2015, will help Align earn higher profits, going ahead, from its scanner and services segment.
Currently the stock carries a Zacks Rank #4 (Sell). Some better-ranked medical stocks are Abaxis, Inc. ABAX, LeMaitre Vascular, Inc. LMAT and Phibro Animal Health Corp. PAHC. All three stocks sport a Zacks Rank #1 (Strong Buy).
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