Align Technology-ALGN Stock Gains on the Launch of Invisalign Palatal Expander in Turkey

Company Developments - Align Technology, Inc. has launched its Invisalign Palatal Expander System in Turkey after receiving approval from the Turkish Medicines and Medical Device Agency, which allows for broad patient applicability including children, teens, and adults [1] - The Invisalign Palatal Expander System is a modern 3D-printed device designed for rapid expansion of the upper jaw during orthodontic treatment, utilizing proprietary technology [4][5] - The system is currently available in multiple markets including the United States, Canada, and the European Union, with plans for further expansion pending regulatory approvals [7][11] Financial Performance - Align Technology has a market capitalization of $15.72 billion, with projected earnings growth of 7.9% in 2024 driven by a 3.9% increase in revenues [3] - The company has demonstrated a trailing four-quarter average earnings surprise of 6.18% [3] - Following the recent product launch, ALGN shares increased by 0.7% to$ 212.03, indicating a positive market sentiment [2] Industry Context - The global 3D printing market was valued at $3.1 billion in 2023 and is expected to grow at a compound annual growth rate of 26.4% through 2030, highlighting the potential for growth in 3D printing dentistry [10] - Align Technology's offerings, including the Invisalign Palatal Expander System, position the company favorably within the rapidly evolving orthodontics market [8]