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Clear Aligners Market Size to Outstrip $8,708.67Mn by 2028 Growth Projections at 15.9% CAGR During 2021 to 2028 COVID Impact and Global Analysis by TheInsightPartners.com

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New York, Sept. 28, 2021 (GLOBE NEWSWIRE) — Clear Aligners Market: Key Insights
According to our new research study on “Clear Aligners Market to 2028 – Global Analysis and Forecast – by Type, Distribution Channel and Age Group,” the Clear Aligners Market Size was valued at US$  2,695.07 million in 2021 and is projected to reach US$  8,708.67 million by 2028; it is expected to grow at a CAGR of 15.9% during 2021–2028.

Clear Aligners Market: Competition Landscape and Key Developments
Danaher; Dentsply Sirona; Institut Straumann AG; 3M; Henry Schein, Inc.; Align Technology, Inc.; Great Lakes Dental Technologies; SCHEU DENTAL GmbH; TP Orthodontics, Inc.; and DynaFlex are among the key companies operating in the clear aligners market. These players are focusing on the expansion and diversification of their market presence and the acquisition of a new customer base, thereby tapping prevailing business opportunities.

In April 2020, SCHEU DENTAL, CA DIGITAL, and SMILE DENTAL entered into a partnership for digital solutions in dental practices and laboratories.

In March 2019, Henry Schein One, a joint venture of Henry Schein, Inc., launched Dentrix G7 in Canada, which is the upgraded version of the dental practice management system.

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In 2021, North America dominated the global clear aligners market. The market growth in the region is driven by the presence of well-developed healthcare facility centres equipped with modern-age equipment and instruments, an increasing number of dental disorders, and the robust distribution and sales network of important vendors. The US has the largest number of start-up companies than other countries in North America. Most of the start-ups in the US are focusing on advanced care with innovative technologies. For instance, Candid Care Co, a New York-based start-up founded in 2017, offers clear teeth aligners for teeth straightening. A customer needs to buy a starter kit to provide the orthodontists with teeth impressions. The orthodontists then deigns the custom aligners and then they are delivered to the customer. Similarly, SmileDirectClub is a teeth-straightening start-up headquartered in Tennessee, US was founded in 2014. SmileDirectClub offers 3D-printed clear aligners, has 300 locations in the US, Canada, the UK, and Australia. Further, strategic activities by the major players in the region would offer lucrative opportunities for the clear aligners market during the forecast period. For instance, on September 24, 2020, 3D Predict, an international software developer and manufacturer of clear aligners based on artificial intelligence (AI) technology, announced its launch in the US with a new headquarter in New York. The medical technology company has worked globally, building recognition for its one-of-a-kind AI software that reportedly produces highly precise 3D models of the smile, such as the crowns, bone, and roots. These models are then used to design clear aligners. In addition, in January 2021, dental technology supplier, Dentsply Sirona Inc acquired Byte, a maker of custom teeth aligners, for $1.04 billion.

The clear aligners market in Asia Pacific is anticipated to grow at the fastest rate in the coming years. The market growth in the region is attributed to a few factors such as the rising geriatric population, increasing malocclusion prevalence, and the growing government initiatives for awareness regarding dental disorders. In addition, growing healthcare expenditure is likely to create lucrative opportunities for the market during the forecast period.

Based on type, the clear aligners market is segmented into polyurethane plastic, polyethylene terephthalate glycol (PETG), polyvinyl chloride (PVC), and others. The polyurethane plastic segment accounted for more than 38.84% of the market share in 2021. In terms of distribution channel, the clear aligners market is segmented into direct sales, laboratories, and others. The laboratories segment held the largest share of the market in 2021 as these labs offer quick and accurate results, such as a same-day turnaround in many situations. In addition, the labs use advanced technologies, such as 3D printing, for the preparation of dental products. This helps in accurate designing as per the patient requirements. In terms of age group, the adults segment accounted for a larger share in the clear aligners market in 2021.

Download Sample PDF Brochure of Clear Aligners Market Size and Growth Research Report at https://www.theinsightpartners.com/sample/TIPRE00007602/

Computer-aided design (CAD) and computer-aided manufacturing (CAM) are the software that help dentists to accomplish complex procedures faster, effortlessly, and accurately. The CAD/CAM technology helps repair dental veneers, crowns, inlays, onlays, and bridges from a single block of ceramics that makes the final product more accurate than conventional fabrication methods.

Advancements in dental materials and computer technologies have helped CAD/CAM-fabricated restorations not just possible in dentistry but plentiful. When using CAD/CAM systems, operators can fabricate restorations from several elements, such as ceramics, metal alloys, and various composites. Also, dental service consumers are becoming more demanding in terms of aesthetics, with a clear notion for a minimum of staying and delaying in the dental offices. CAD/CAM technology, for the milling of prostheses in dental laboratories and dental offices, has helped to meet the demand of cosmetic dentistry users.

A few of the benefits offered by these systems comprise user-friendly operations, digital impressions, single-visit treatment, accelerated practice growth, improvement in patient safety, and long-lasting restorations. The CAD/CAM technology offers real-time troubleshooting that decreases the remaking of dental fixtures as the system can notify incorrect bit-offs.

Additionally, CAD/CAM warrants that dental practitioners can place a final and complete recovery in a week. Dentists have found that patients treated using these technologies have experienced fewer side effects of the treatment. CAD/CAM technology is rapidly being approved in the dental industry as it permits dentists to enhance their services and offer their patients a suitable experience. Thus, the advantages provided by CAD/CAM technology in dentistry are likely to boost the growth of the clear aligners market in the coming years.

Clear Aligners Market: Segmental Overview
In terms of type, the polyurethane plastic segment is anticipated to register the highest CAGR during the forecast period. Polyurethane is a versatile elastomer plastic. It is used in various proportions in clear aligners manufacturing. This type of plastic has various properties such as hardness, flexibility, water and oil resistance, strong bonding property with compounding materials, and tear resistance. The polyurethane type of materials after prolonged exposure to the oral environment/intraoral use causes deformities in the products. In terms of distribution channel, the laboratories segment accounted for more than 29% share of the global clear aligners market in 2021. In terms of age group, the market for the adults segment is anticipated to grow at a steady pace during the forecast period.

Order a Copy of Clear Aligners Market Size, Share, Strategic Insights and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00007602/

The COVID-19 outbreak has disturbed various trades and businesses across the world. As per the CDC Guidance for dental settings, the US has prioritized the most critical dental services and provided care to minimize harm to patients from delaying care and damage to personnel and patients from potential exposure to SARS-CoV-2 infection. The interim guidance has been renewed based on the latest information about COVID-19 and the current circumstances in the US. As dental healthcare departments begin to restart elective procedures by the administration from local and state officials, some anticipations should remain in place as a part of the ongoing response to the COVID-19 outbreak. Precaution such as wearing eye protection in addition to a facemask to ensure the eyes, nose, and mouth are all protected and usage of an N95 respirator.

As the oral treatment and procedures are directly contacted with patients’ oral fluid. It creates a possible risk of infections. Therefore, to prevent the spread of novel coronavirus, it is requested to maintain social distancing, which is affecting the clear aligners market growth.

Browse Related Reports:
Invisible Braces Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Clear Aligners, Ceramic Braces, Clear Retainers, Lingual Braces); Application (Excessive Spacing, Crowding, Open Bite, Deep Bite, Cross Bite, Abnormal Eruption, Others); End-User (Dental Clinic, Others)

Invisible Dental Braces Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Clear Aligners, Ceramic Braces, Clear Retainers, Lingual Braces); Age Group (Children, Adults, Teenagers); Application (Excessive Spacing, Crowding, Open Bite, Deep Bite, Cross Bite, Abnormal Eruption, Others); End User (Dental Clinic, Others) and Geography

Invisible Orthodontics Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product Type (Clear Aligners, Ceramic Braces, Lingual Orthodontics, Clear Retainers); Age Group (Children, Adolescent, Adults); Application (Excessive Spacing, Crowding, Open Bite, Abnormal Eruption, Others); End User (Hospitals, Ambulatory Surgical Centers, Dental Clinics) and Geography

Dental Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Products (Dental Lasers, Diode Lasers, Dental Radiology Equipment, Digital Sensors, Casting Machines, Dental Chairs, Dental Hand pieces, CAD/CAM); End Users (Dental Laboratories, Hospitals, Clinics)

Denture Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Complete, Partial); Material (Metallic, Porcelain, Acrylic); Usage (Removable, Fixed); Application (Repair Broken Teeth, Implanted Teeth, Other); End User (Hospitals, Dental Clinics), and Geography

Dental Surgery Instruments Market to 2027 – Global Analysis and Forecasts By Product (Instruments, Consumables); Therapeutic Area (Restorative Dentistry, Orthodontics, Endodontics, Other Therapeutic Areas); End User (Clinics, Hospitals), and Geography

Dental Laboratories Market to 2027 – Global Analysis and Forecasts By Material (Metal-Ceramics, Ceramics, Others); Equipment (Dental Milling Equipment, Dental Articulators, Furnaces, Dental Scanners); Prosthetics (Dental Bridges, Dental Crowns, Dentures); Application (Restorative, Endodontic Implants, Orthodontic), and Geography

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
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Artificial Intelligence

Lucinity Appoints Udi Nessimyan as President and Chief Revenue Officer

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REYKJAVIK, Iceland, April 24, 2024 /PRNewswire/ — Lucinity , a leader in generative AI for financial institutions, is thrilled to announce the appointment of Udi Nessimyan as its new President and Chief Revenue Officer. Udi brings to the role a wealth of experience from his time in AI development at some of the world’s most prestigious tech companies, including Sealed.ai, Oracle, and Amazon Web Services.

Gudmundur Kristjansson, Founder and CEO of Lucinity, expressed his enthusiasm about Udi’s appointment, stating, “Udi’s proven track record of driving growth and innovation aligns perfectly with our core mission at Lucinity. His strategic acumen and deep industry knowledge are invaluable as we continue to develop and deliver AI solutions that enhance the efficiency and effectiveness of our clients’ operations.”
Udi’s career highlights include co-founding and leading Sealed.ai as CEO, where he spearheaded the development of a cutting-edge conversational AI platform that redefined standards in business communication. At Basis Technology, he was instrumental in driving sales and operational strategies for their flagship products, including Rosette and various Cyber Forensics tools, achieving an annual recurring revenue growth rate exceeding 30%.
In his new role, Udi will focus on refining Lucinity’s approach to marketing, sales, and customer onboarding. His expertise will be crucial in ensuring that Lucinity’s innovative AI solutions are effectively communicated and reach the right audiences, thereby maximizing their impact and facilitating the adoption of the technology.
“Udi’s involvement is vital as we strive to make our AI tools more intuitive and impactful,” said Kristjansson. “His insights and leadership will enhance our ability to deliver these technologies efficiently and effectively, aligning them closely with customer needs and industry demands.”
Under Udi’s leadership, Lucinity is set to deepen its commitment to unleashing human efficiency with AI, expanding the reach and impact of its mission to create AI that makes people better at what they do.
Lucinity thanks its partners and stakeholders for their continued support and interest as it embarks on this exciting new chapter.
About Lucinity:
Lucinity is a leader in generative AI technologies for financial institutions, designed to accelerate workforce efficiency. Its platform features Luci, an AI copilot that enhances intelligence gathering, analysis, and decision-making, allowing institutions to streamline operations and reduce costs. As an open, configurable, no-code platform, Lucinity is a crucial tool for enhancing productivity and operational efficiency in the financial sector.
Media Contact
Celina PabloSenior Marketing [email protected] +354 792 4321
Logo: https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg

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Artificial Intelligence

Resolutions at ASSA ABLOY AB’s Annual General Meeting 24 April 2024

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STOCKHOLM, April 24, 2024 /PRNewswire/ — The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 24 April 2024 in Stockholm, Sweden.

Adoption of income statements and balance sheets and discharge from liability
The Annual General Meeting adopted the parent company’s and the Group’s income statements and balance sheets for the financial year 2023. The members of the Board of Directors and the CEO were discharged from liability for the financial year 2023.
Dividend 
The Annual General Meeting approved the dividend of SEK 5.40 per share proposed by the Board of Directors, to be paid out in two equal installments, the first with the record date Friday 26 April 2024 and the second with the record date Monday 11 November 2024. The first installment is estimated to be paid on Thursday 2 May 2024 and the second installment on Thursday 14 November 2024.
Election of the Board of Directors and auditor
The Annual General Meeting re-elected Johan Hjertonsson, Carl Douglas, Erik Ekudden, Sofia Schörling Högberg, Lena Olving, Victoria Van Camp, Joakim Weidemanis and Susanne Pahlén Åklundh as members of the Board of Directors. Johan Hjertonsson was re-elected as Chairman of the Board of Directors and Carl Douglas was re-elected as Vice Chairman.
The Annual General Meeting re-elected the audit firm Ernst & Young AB as auditor for the time period until the end of the Annual General Meeting 2025.
Remuneration to the Board of Directors and the auditor
The remuneration to the Board of Directors will totally amount to SEK 9,945,000 (excluding remuneration for committee work). Auditor fees shall be paid according to contract.
Resolution on approval of remuneration report
The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to approve the Board’s remuneration report.
Resolution regarding authorization to repurchase and transfer Series B shares in the company
The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2025. The repurchase shall maximum comprise so many Series B shares that the company’s holding does not at any time exceed 10 per cent of the total number of shares in the company.
Resolution regarding long-term incentive program
The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to implement a long-term incentive program for senior executives and key employees within the ASSA ABLOY Group (“LTI 2024”).
Minutes from the Meeting including complete resolutions will be available on the company’s website assaabloy.com/general-meeting.
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/resolutions-at-assa-abloy-ab-s-annual-general-meeting-24-april-2024,c3966574
The following files are available for download:
https://mb.cision.com/Main/7333/3966574/2754153.pdf
Press release (PDF)
 

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Artificial Intelligence

GSTS selected by Canada-US Seaways to provide Enhanced Analytics and Voyage Information System Predictability with OCIANA®

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HALIFAX, NS, April 24, 2024 /PRNewswire/ — Global Spatial Technology Solutions (“GSTS” or “the Company”) announced that it has been awarded a contract for a Voyage Information System (VIS) by St. Lawrence Seaway Management Corporation (SLSMC) and Great Lakes St. Lawrence Seaway (GLS) to enhance joint management of bi-national waterways.

GSTS will provide predictions for VIS through OCIANA®, its proprietary, AI powered SaaS platform. OCIANA® is a cyber-secure and scalable system which has been developed in collaboration with, and is used by, ports, shipping lines, pilotage authorities, civil agencies and border security organisations.
At the heart of OCIANA’s offering is robust, predictive data analytics, powered by novel AI algorithms. OCIANA’s data integration framework will assimilate critical information from the Seaway Traffic Management System and GSTS data streams into a predictability model to accurately forecast vessel ETAs, thus providing improved management of voyages and eventually optimizing lockage schedules.
OCIANA® is a flexible platform designed to incorporate the intricate Locks System Rules, ensuring that all vessel movements adhere to safety and operational guidelines. While focusing on a specific segment of the St. Lawrence, vessel management is impacted by dynamic events stretching from the Atlantic approaches to the Great Lakes. The dynamic Lock Schedule Engine leverages various inputs, employing advanced algorithms to manage vessel traffic and schedule lockage, thus enhancing throughput and reducing delays. Through this innovation, OCIANA® will be well positioned to offer superior optimization capability to all major waterways.
“This project will demonstrate OCIANA’s capability to provide unparalleled planning and optimization in a highly dynamic environment impacted by multiple geographic, operational and environmental factors,” said Richard Kolacz, Chief Executive Officer, GSTS. “This award continues to illustrate the versatility of OCIANA® in facilitating enhancements to maritime safety, security and supply chain resilience globally.”
The Great Lakes Seaway system serves as a key supply chain, moving $66B in goods and supporting 356,000 jobs. Optimizing the flow of goods, in a highly dynamic marine trade environment, is crucial to the economies of Canada and the United States.
OCIANA® is configured to adapt to the evolving demands of maritime traffic management, with provisions for incorporating additional data sources and enhancing the Predictability Engine with emerging technologies such as weather machine learning models. GSTS continues to expand its offering to maritime and logistics stakeholders further enhancing its leading position in maritime digitalization and innovation.
About Global Spatial Technology Solutions (GSTS)Global Spatial Technology Solutions (GSTS) is a global maritime intelligence company delivering solutions to enhance decision making across the maritime and logistics industry. Our predictive solutions are enabled by a range of operational, environmental, vessel and cargo data to provide real-time decision making intelligence for ports, terminal operators, shipping lines, logistics companies, importers, exporters, national and international agencies as well as security organisations.
For more information and to explore opportunities to partner with us, contact us today.
Media Contacts: Danica Martis, GSTS, Email: [email protected]

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