Align Technology (ALGN) — Stock, Pipeline & Market Cap

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ALGN · Stock Price

USD 168.39-13.49 (-7.42%)

Market Cap: $11.8B

Historical price data

Market Cap: $11.8BFounded: 1997Employees: ~21,000HQ: Tempe, United States

Sector Ranking#27 in Digital Health & Biotech SaaS

Overview

Align Technology is a transformative leader in digital dentistry, having revolutionized orthodontics with its flagship Invisalign clear aligner system. The company has achieved massive scale, with over 22 million patients treated and a robust ecosystem enhanced by its iTero intraoral scanners. Its strategy focuses on expanding its digital platform, driving international growth, and deepening adoption among both orthodontists and general practice dentists to capture a larger share of the global dental market.

OrthodonticsRestorative Dentistry

Technology Platform

An integrated digital ecosystem combining the Invisalign clear aligner system for treatment, iTero intraoral scanners for 3D data capture, and proprietary software (ClinCheck, exocad) for treatment planning and restorative design, all powered by a vast clinical database and AI.

Funding History

3

Total raised:$87M

IPO$60MUndisclosedJan 26, 2001

Series B$20MKleiner PerkinsJun 15, 1998

Series A$7MKleiner PerkinsJun 15, 1997

Opportunities

Significant white space remains in the global orthodontic market, with low penetration rates among both adults and teens.

Expansion into adjacent digital restorative workflows via the iTero scanner and exocad software opens a multi-billion dollar market.

Converting general practice dentists into Invisalign providers represents a major multiplier for patient access.

Risk Factors

Demand for elective clear aligner therapy is sensitive to macroeconomic conditions and consumer discretionary spending.

Intensifying competition from both professional and direct-to-consumer rivals creates pricing and market share risks.

Regulatory changes across global markets could impact product approval, marketing, or reimbursement.

Competitive Landscape

Align dominates the professional clear aligner market but faces competition from 3M Clarity Aligners, ClearCorrect, and direct-to-consumer models like Byte. In intraoral scanning, iTero competes with 3Shape TRIOS and Dentsply Sirona Primescan. Align's key advantages are its integrated ecosystem, vast clinical database, and strong consumer brand.