About Simon Beard
In April 2021, Align Technology CEO Joe Hogan appeared on CNBC's "Mad Money" and discussed the company reaching 10 million orthodontic patients. Hogan stated that it took the company ten years to reach that milestone and that it would treat close to 2.5 million patients in 2021 alone. He noted that a patient in Brazil represented the company's global expansion. Hogan attributed some of the growth to people seeking treatment during the COVID-19 pandemic, but said the primary drivers were the size of the marketplace, aesthetic aspects, and digital orthodontics creating a "revolution" in people wanting to change their smiles. Hogan said the adult market has significant room for growth, and estimated that 500 million patients worldwide want to change their smile and have the financial means to do so, while 75% of the world's population have malocclusions.
Source: AI-verified profile updated from Simon Beard's recent appearances.
Browse all interviews →
Transcript (7 segments)
I
Interviewer0:11
First, I want to congratulate you. 10 million patients.
S
Simon Beard0:14
We had a patient in Brazil, terrific, you know, a young patient and it's a good representation of our global expansion and what we've been able to do and a terrific doctor down there and it's really fun. You know, it took us ten years to get to 10 million patients. And this year, you know, we'll close to 2.5 million patients alone.
I
Interviewer0:39
That's incredible. Joe, one of the things I've been thinking about, you have the old position where during the pandemic, you have to be on Zoom.
S
Simon Beard0:45
Well, I always think people look at my teeth every minute. I could brush my teeth before we go on a long Zoom call. And then the pandemic ends and people take their mask off and aesthetic aspects and how digital orthodontic just created a revolution afterwards with people wanting to change their smiles.
I
Interviewer1:16
One of the things that I think is really important that people recognize is that this was something people thought were teens and 20s. It's the adult market that really has the room here, doesn't it?
S
Simon Beard1:26
Yes. Well, when we talk about, you know, in the classic orthodontic patient segment, there are 500 million patients out there that we think want to change their smile and have the financial means to do that. And 75% of the population, of the world, have malocclusions. So it's just an only digital thing that will be able to...
I
Interviewer1:50
So it's just an only digital thing that will be able to...
