Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 3

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 3
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 a modality. Gaining share in the teen market through groundbreaking technological innovations and increased productivity are keys to transforming the industry.

In 2024, we shipped a record 868.1K Invisalign cases for teenagers and younger patients, up 7.7% compared to 2023, and they comprised approximately 35% of Clear Aligner’s total volume. We believe teen-specific marketing and sales programs, continued momentum for Invisalign First™, and commercialization of the Invisalign ® Palatal Expander System in North America drove adoption and utilization with teens and kids. As more clinical data on the Invisalign Palatal Expander System becomes available, practitioners gain experience, and parents become better informed about it as an innovative and user-friendly treatment option, we believe our share of the kids and teens segment will continue to grow.

Systems and Services

Full-year 2024 Systems and Services revenues of $768.9 million increased 16.0% year-over-year and were unfavorably impacted by foreign exchange by approximately $7.5 million, or 1%, compared to 2023. The strong performance of Systems and Services reflects increasing demand for digital orthodontic workflows, as well as expansion of the iTero™ scanner portfolio, including the successful launch of our next-generation iTero Lumina™ scanner with orthodontic software. The iTero Lumina™ intraoral scanner is a revolutionary device that has a 3X wider field of capture in a 50% smaller wand. It scans faster, is more accurate, and provides better visualization, which allows practices to run more smoothly and helps doctors and patients communicate better with one another.

The intraoral scanner market presents a significant growth opportunity as digital dentistry continues to gain traction. When combined with other diagnostic tools and AI features, scanning technology provides more accurate and complete digital data of patients’ health conditions. It has become an important tool that helps doctors find, diagnose, and treat all their patients' oral health needs, such as orthodontic and restorative issues.

Dental Service Organization (DSO)

The Dental Service Organization market is one of the fastest-growing segments in the dental industry. DSOs currently represent approximately 25-30% of the U.S. dental market, and this share is expected to rise significantly in the coming years. DSOs help drive operational efficiencies and improvements in the quality and access to care across the dental industry.

In 2024, Invisalign Clear Aligner treatment through DSOs outpaced our retail