Align Technology Upgrades iTero Element Intraoral Scanners
Based in California, leading dental product maker, Align Technology, Inc. ALGN recently announced a software upgrade to its iTero Element intraoral scanners. This upgrade includes a new TimeLapse technology which provides general practitioner (GP) dentists and orthodontists with improved visualization, assessment and communication tools allowing them to compare patient scans over time. With the latest 1.5 software update, patient scan now can be completed within a minute with the same accuracy and reliability.
Apart from the TimeLapse technology and one minute scanning facility, the latest software offers features like Multi-Bite scanning, Optimized Scan Feedback, quick shut down, color improvement, and much more.
We note that the iTero Element intraoral scanner is an open architecture system that enables compatibility between multiple laboratory-based CAD/CAM milling systems and more than 3000 dental laboratories. Only iTero Element has the range of applications and tools that include Invisalign treatment, which can be utilized by GP dentists and orthodontists for various restorative or orthodontic solutionsand dental hygiene care.
Align Technology, Inc. Price
Align Technology, Inc. Price | Align Technology, Inc. Quote
We believe the latest software upgrade is a strategic move by Align Technology as according to 9 and 10 news, the Global Intra Oral Scanners for Digital Impression Market is expected to see CAGR of 15.5% during the 2017–2022 period. Thus, the company clearly has bountiful prospects in this niche market.
Recent Developments in Scanner Market
Align Technology and exocad GmbH recently inked an agreement to connect the iTero intraoral scanners with the exoca Chairside CAD software. This tie-up will offer dental clinics an advanced workflow solution for efficient scanning, design and production of in-house dental prostheses.
Also, Align Technology has expanded workflow options for the iTero intraoral scanner. According to the company, iTero customers can now order Nobel Biocare’s implant cases through its dental labs.
Zacks Rank & Other Key Picks
Align Technology currently sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the broader medical sector are Luminex Corporation LMNX, Inogen, Inc. INGN and Accelerate Diagnostics, Inc. AXDX. Notably, Luminex and Inogen sport a Zacks Rank #1, while Accelerate Diagnostics carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Luminex has an expected long-term adjusted earnings growth of almost 16.3%. The stock added roughly 8.1% over the last three months.
Inogen has a long-term expected earnings growth rate of 17.5%. The stock has a solid one-year return of around 79.7%.
Accelerate Diagnostics has an expected long-term adjusted earnings growth of 30%. The stock added roughly 7.1% over the last three months.
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