[Asia Economy Reporter Hyungsoo Park] Dentis is showing strong performance. The news that it has laid the groundwork to enter the US orthodontics market appears to have influenced its stock price.
At 1:01 PM on the 16th, Dentis was trading at 2,140 KRW, up 20.56% from the previous day.
On this day, a dental industry specialist reported that Dentis's transparent orthodontic setup software, ‘DICAON 4D,’ received final approval from the US FDA.
‘DICAON 4D,’ a transparent orthodontic setup software jointly developed by Dentis's Transparent Orthodontics Research Institute (DICAO) and its subsidiary and orthodontic software developer Diorco, is designed by integrating the latest digital and communication technologies to allow users to train easily and produce accurate results.
Dentis has secured software technology that forms the foundation of its transparent orthodontics business and has continuously invested effort in developing and distributing proprietary software, training clinicians through education, verifying products, and enhancing expertise.
With the US FDA approval of ‘DICAON 4D’ as a milestone, Dentis plans to promote locally customized training programs and regional market sales strategies through its US subsidiary, supported by the global service platforms of Dentis headquarters and DICAO.
After listing on the KOSDAQ market, Dentis expanded its sales offices from only Los Angeles to San Francisco and New York. Having also verified product quality in the US, it plans to target the market with a diverse portfolio of products. Dentis entered the US market in 2009 by establishing a local branch in California.
Dentis forecasts that the global transparent orthodontics market will reach 8 trillion KRW by 2025. Last year, the world’s top company recorded sales of 2.4 trillion KRW. Dentis is nurturing the transparent orthodontics market as a future growth engine.
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