Shanghai, China, April 04, 2023 (GLOBE NEWSWIRE) — March 23, 2023, Angelalign Technology Inc. (hereinafter known as “Aneglalign Technology” or the “Company”) launched its 2022 annual outcomes (hereinafter known as the “Announcement”). According to the Announcement, in 2022, Angelalign Technology achieved a complete income of RMB 1.27 billion and a web revenue of RMB 213 million, with the variety of case shipments growing to about 183,900. Facing a posh exterior setting in 2022, Angelalign Technology relied on practically 20 years of expertise within the invisible orthodontics business, versatile operational methods, and powerful execution capabilities to proceed sustaining a number one place available in the market.

The 2022 Global and Chinese Clear Aligner Industry Blue Book launched by China Insights Consultancy (CIC), exhibits that the dimensions of the Chinese invisible orthodontics market was barely decreased to RMB 12 billion in 2022 because of the impression of the pandemic and financial downturn. However, it’s anticipated to rebound to RMB 13.7 billion in 2023. It is projected that by 2030, the dimensions of the Chinese invisible orthodontics market will attain RMB 35.9 billion. Compared to 2021, the US invisible orthodontics market decreased by about 12% to USD 6.1 billion in the identical interval, and it’s anticipated to slowly get well in 2023 with a projected compound annual development fee of 11.6%, reaching USD 14.7 billion by 2030.

In the face of exterior challenges, Angelalign Technology upholds the worth of “customer first” and constantly launches revolutionary and dependable merchandise, applied sciences, and options across the Company’s technique, offering dentists with digital providers for the complete orthodontic therapy course of. At the identical time, with the assistance of highly effective clever manufacturing expertise and versatile response mechanisms, Angelalign Technology ensures the continued stability of its manufacturing provide chain and customer support, delivering high-quality merchandise with zero delays even through the outbreak of the pandemic.

Considering the widespread downside of sufferers delaying follow-up visits as a consequence of numerous surprising conditions through the orthodontic therapy course of, Angelalign Technology has launched MOOELI, a digital distant answer to help dentists and their groups in offering extra correct course of monitoring and oral well being administration for sufferers.

According to the CIC report, primarily based on the variety of instances achieved, Angelalign Technology grew to become the model with the very best market share for invisible orthodontic merchandise in China in 2021. In 2022, the Company additional expanded its market share to 41.7%, main the second-place model by practically 10 proportion factors.

In 2022, Angelalign Technology accelerated its world enterprise efforts and established a transparent technique of mixing localized operations with funding and acquisition to hurry up its world enlargement. This method has laid an necessary basis for the sustainable improvement of its future enterprise.

Regarding localization, Angelalign Technology established subsidiaries within the United States, Europe, and Australia, and constructed localized groups with in depth expertise within the orthodontics market. Additionally, the Company introduced in worldwide expertise for its headquarters’ backend operations, enabling it to supply skilled, well timed, and efficient enterprise assist to numerous abroad markets. Angelalign Technology has been quickly upgrading and optimizing its numerous system platforms to satisfy the scientific wants and working habits of medical doctors, and affected person traits in several markets. By using differentiated product methods and medical expertise service capabilities, the Company has been capable of meet the calls for of assorted international locations and areas.

On October twenty eighth, 2022, Angelalign Technology introduced the acquisition of a 51% stake in Aditek, a number one orthodontic product producer in Brazil. The acquisition is predicted to assist Angelalign Technology enter the orthodontics market in Brazil and different potential rising markets in South America, leveraging Aditek’s considerable native sources and channel community.

In addition, on January twenty eighth, 2022, Angelalign Technology and its controlling shareholder, CareCapital Group, collectively established CareCapital Aligner Tech L.P. The Company dedicated to growing its funding within the partnership from HKD 120 million to HKD 220 million on October twenty eighth, 2022. This transfer aimed to additional take part in cutting-edge digital expertise and product funding initiatives associated to the worldwide orthodontics business chain.

“The Company is committed to a strong globalization strategy.” Angelalign Technology founder and CEO, Mrs. Li Huamin stated, “We are committed to empowering more dentists around the world with the extensive knowledge and experience we have accumulated over the past decade in treating complex cases. Our goal is to provide high-quality products and services to dentists and patients worldwide, and to develop our global business into a new growth engine for the Company in the future.”

Company: ANGELALIGN TECHNOLOGY INC.

Contact Person: Lexie Huang

Email: pr@angelalign.com

Website: http://www.angelalign.com/

Telephone: +862156561919

City: Shanghai

Address: 7F,KIC Enterprise Center Building7, No.500 Zhengli Road, Yangpu District, Shanghai, China

Disclaimer:

This press launch could include forward-looking statements. Forward-looking statements describe future expectations, plans, outcomes, or methods (together with product choices, regulatory plans and enterprise plans) and should change with out discover. You are cautioned that such statements are topic to a mess of dangers and uncertainties that would trigger future circumstances, occasions, or outcomes to vary materially from these projected within the forward-looking statements, together with the dangers that precise outcomes could differ materially from these projected within the forward-looking statements.