Carestream Dental Announces Sale of IO Scanning Technology for $600M

Carestream Dental

Affiliates of Carestream Dental LLC (“Carestream Dental”) have announced their entrance into an agreement to sell Carestream Dental’s Scanning Technology business to Envista for $600 million. The Scanning Technology business is formed by Carestream Dental’s intraoral scanner equipment, including CS 3600, CS 3700, CS 3800, and all related software. 

According to Carestream Dental’s Newsroom, the company will continue to operate its imaging technology, clinical software, and practice management software businesses and will continue to provide solutions for dental practices, groups, DSOs and industry partners. 

“This is an exciting time for Carestream Dental and our customers,” Lisa Ashby, CEO of Carestream Dental, said. “We’ve had a multi-year investment plan in cloud solutions and technology, and this transaction allows us to better focus and accelerate our innovation…”

Subject to legalities, it is projected that this transaction will close in late Q1/early Q2 of 2022. Additional terms of the transaction were not disclosed. 

This leaves Carestream Dental room to focus on their historical flagship imaging technologies as well as their cloud and practice management software product lines (iData will bring primary research on the 2022 Global Imaging Markets in February 2022). Envista Holding, which already has strong roots in Dental Implants, Equipment, and Consumables, will benefit from this acquisition as IO scanners are an integral part of a digital workflow and are one of the fastest-growing segments in dental. In our most recent Digital Dentistry study, IO scanners Unit Sales were growing at a rate of 7%-20%, globally.

Via: Carestream

Intraoral Scanner Market & COVID-19

Intraoral scanners experienced the least drop in sales due to the pandemic in comparison with the other segments. This is due to the increased preference for same-day dentistry and improved infection control, which drives the growth of intraoral scanners. The market for CAD/CAM mills and standalone scanners is also projected to grow considerably, but at a slower pace in comparison to chairside systems. Further, iData’s Market Research on the European Digital Dentistry has shown that with the onset of the pandemic, infection control and safety have become top priorities in dental clinics. In comparison to analog impression taking, intraoral scanners have no direct contact with the teeth. Intraoral scanners are also easy to clean and disinfect while being accurate, thereby driving the growth of these systems in the market.

Intraoral Scanners Market Size and Analysis 

Overall, the European Intraoral Scanner Market was valued at €66.8 million in 2020. This is expected to increase over the forecast period at a CAGR of 13.8% to reach €66.1 million by 2027.

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