Impress
- Industry
- Orthodontic Technology
- Founded Year
- 2019
- Headquarters
- Barcelona, Spain
- Employee Count
- 700
Key People
- Vladimir Lupenko - Co-Founder, Chief Executive Officer & President
- Diliara Lupenko - Co-Founder & Chief Operating Officer
- Dr. Khaled Kasem - Co-Founder & Chief Orthodontist
- Nelson Ho - Chief Financial Officer
- Bruce Bower - Chief Clinical Officer
- Yago Grela - Chief Technology Officer
- Natalia Vranesh - Chief People Officer
Assessment
- Team
-
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with a strong background in MedTech and orthodontics.
The co-founders and executive team have a proven track record in the MedTech industry, bringing valuable expertise to the company.
- Clinical Need
-
Aspect: Very Strong
Summary: There is a significant demand for invisible orthodontic solutions, addressing both aesthetic and functional dental needs.
The growing preference for non-invasive and aesthetically pleasing dental treatments underscores the strong clinical need for Impress's services.
- Competition
-
Aspect: Very crowded + Strategics
Summary: The invisible orthodontics market is highly competitive, with several established players and new entrants.
The presence of numerous competitors, including large strategic companies, makes it challenging for Impress to differentiate and capture significant market share.
- Technical Challenge
-
Aspect: Predictable
Summary: The technology involved in clear aligners is well-established, with predictable outcomes.
The use of clear aligner technology has been refined over the years, leading to predictable and reliable treatment outcomes.
- Patent
-
Aspect: Mixed
Summary: Impress holds some proprietary technologies, but the overall patent landscape is competitive.
While Impress has developed proprietary methods, the crowded patent landscape in orthodontics may limit the exclusivity of their innovations.
- Financing
-
Aspect: Well-funded
Summary: Impress has secured substantial funding from reputable investors, supporting its growth and expansion plans.
The significant investment from prominent venture capital firms provides Impress with the resources needed for scaling operations and entering new markets.
- Regulatory
-
Aspect: 510k/PMA
Summary: Impress's products require regulatory approvals, which they have successfully obtained in their operating regions.
Obtaining necessary regulatory approvals ensures that Impress can legally market and sell their products, reducing barriers to entry in various regions.
Opportunity Rollup
- Odds of Success
- 3.8
- Peak Market Share
- 5.05
- Segment CAGR
- 5.0%
- Market Segment
- Dental Devices
- Market Sub Segment
- Invisible Orthodontics
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.25 |
| 2 | 0.76 |
| 3 | 1.77 |
| 4 | 3.53 |
| 5 | 5.05 |
Key Takeaway
Impress is well-positioned in the growing invisible orthodontics market, leveraging a strong team and substantial funding to navigate competitive challenges and capitalize on increasing demand for aesthetic dental solutions.