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This statistic highlights Align Technology’s Revenue Breakdown Worldwide, split across the US, Switzerland and China, reported on a quarterly basis.
|Regional Segments||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All the values are in millions, except for the values in percentages)
The total revenue worldwide is $1.015 billion, this depicts that there is 0.5% of growth under the quarter-on-quarter scale, when compared to the revenue of Q2 2021 at $1.010 billion, showing an absolute growth in revenue by $5.1 million. For the year-on-year growth rate, there is an incline of 38.38% from $734.14 million generated in Q3 2020, showing an absolute growth of $281.77 million. In Q3 2021, the highest revenue has been generated from the US which contributes to 44.18% of the total revenue generated worldwide, the lowest contribution in that quarter was done by China at 8.54%.
(NOTE: Netherland segment is also included in the table but since the headquarter of Europe, Middle East, and Africa (“EMEA”) has shifted from Netherland to Rotkreuz, Switzerland and all the assets had been relocated from the books of Netherland region, and its revenue is at nil since Q1 2020 it has been excluded from the table)
In Q3 2021, the company earned its majority in the US which contributed to 44.18% of the total revenue, this revenue was $448.86 million. When comparing its revenue under the QoQ scale it has the lowest growth of 3.33% when compared to the revenue generated in Q2 2021 at $434.30 million, giving an absolute growth of $14.8 million. Under the YoY measurement, the US has the third-highest growth rate at 35.03% from 332.41 million earned in Q3 2020, which computes to $116.45 million.
The company generated a revenue of $323.04 million in Q3 2021 in Switzerland. It is also the second-highest contributor in the revenue of the company in Q3 2021. The revenue from Switzerland shows an incline in the YoY by 46.89% when compared to the revenue earned in Switzerland during Q3 2020 at $219.91 million, which gives an absolute increase of $103.14 million. Under the QoQ, there is a decline in the revenue by 11.82% from $366.33 million in Q2 2021, giving a decrease by $43.29 million.
In Q3 2021, the company has earned $86.77 million in the China region. On the QoQ scale, it shows the highest increase as compared to any other region under the QoQ at 30.59%, when compared to the revenue generated in Q2 2021 at $66.44 million, computing an absolute increase in revenue by $20.33 million. For the year-on-year measurement, there is an increase of 12.94% from the revenue of $76.83 million generated in Q3 2020, which is $9.96 million. Revenue from China contributed approximately 8.54% to the total revenue of the company in Q3 2021. The company is now fabricating its clear alignment in Ziyang, China, and betters the product’s pricing and positioning in China. The company is also planning to bring its digital treatment planning facilities to China. Sales of Invisalign treatment is higher in China during the third quarter.
The remaining country individually has been aggregated as Other International; the company has earned $157.25 million in Q3 2021 which contributes to 15.48% of the total revenue generated by the company in that quarter. When compared with revenue of Q2 2021 at $143.64 million, there is a 9.48% incline in the QoQ. Under the YoY, the company revenue had the highest growth compared to all the segments in Q3 2021, it was a 49.77% increase when compared to the revenue of Q3 2020 at $105 million.
About the Company
Align Technology, Inc is a global medical device company that is engaged in designing, manufacturing, and marketing of iTero intraoral scanners and Invisalign clear aligners, services for dentistry, and computer-aided manufacturing and designing software. These operations are taken for the treatment of malocclusions and clients aligners as the treatment solution of choice by general dental practitioners, orthodontists, and patients globally.
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