Cadent has completed a $15 million round of financing that will help accelerate the North American expansion and European launch of its iTero digital impression system and the U.S. launch of an iTero-driven digital impression system for the orthodontic market, the company announced.
"Our company continues to enjoy sustained revenue growth and increasing market share," said CEO Terence Gunning in a press release. "More than 3,000 dental practices use our CAD/CAM products on a weekly basis, and we process more than 10,000 cases per week across all product lines, a figure which is growing exponentially."
To date, Cadent has processed more than 1.7 million OrthoCAD cases worldwide, and 90% of orthodontists who utilize digital study models in their practice use OrthoCAD iCast or iQ services, representing 15% of all U.S. orthodontists, Gunning said. And more than 1,400 dentists use the iTero services, he added.
"We now process more than 2,000 [iTero] cases per week, and that number is growing exponentially with our expanding user base in North America and Europe," said Timothy Mack, Cadent's chief operating officer. "iTero users report an average reduction in chair time of 30-40 minutes per case and an overwhelming patient preference for digital impressions as compared to the traditional method."
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