LightForce Orthodontics
- Industry
- Medical Devices & Equipment
- Founded Year
- 2015
- Headquarters
- Burlington, Massachusetts, United States
- Employee Count
- 428
Key People
- Alfred Griffin, DMD, PhD - Founder & CEO
- Amos Benninga - VP of Engineering
- Doran Robinson - VP of Product
- Michael Anderson - VP of Operations & Infrastructure
- Dr. Chris Jackson - Head of Clinical Affairs
Assessment
- Team
-
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with backgrounds in engineering, product development, and clinical affairs.
The leadership team's diverse expertise positions the company well for innovation and growth in the orthodontic market.
- Clinical Need
-
Aspect: Very Strong
Summary: LightForce addresses the need for personalized orthodontic treatments through 3D-printed, patient-specific braces.
The company's technology offers significant improvements over traditional braces, meeting a strong clinical demand for customized orthodontic solutions.
- Competition
-
Aspect: First mover
Summary: LightForce is a pioneer in 3D-printed, fully customized braces, with limited direct competition.
Being a first mover presents challenges in market education and adoption but also offers a competitive advantage in establishing market leadership.
- Technical Challenge
-
Aspect: Predictable
Summary: The technology involves advanced 3D printing and AI integration, which are complex but manageable with the right expertise.
While the technical aspects are sophisticated, the company's experienced team is well-equipped to handle these challenges.
- Patent
-
Aspect: Strong
Summary: LightForce holds patents for its 3D-printed orthodontic solutions, providing a competitive edge.
The company's intellectual property portfolio strengthens its market position and protects its innovations.
- Financing
-
Aspect: Well-funded
Summary: With $200 million in funding from reputable investors, LightForce is financially well-positioned.
The substantial funding allows for scaling operations, advancing technology, and expanding market reach.
- Regulatory
-
Aspect: 510k/PMA
Summary: LightForce received FDA clearance in 2019, facilitating market entry.
Achieving regulatory approval enables the company to commercialize its products and build trust with orthodontic professionals.
Opportunity Rollup
- Odds of Success
- 3.3
- Peak Market Share
- 3.9
- Segment CAGR
- 5.0%
- Market Segment
- Dental Devices
- Market Sub Segment
- Orthodontic Appliances
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.20 |
| 2 | 0.58 |
| 3 | 1.36 |
| 4 | 2.73 |
| 5 | 3.90 |
Key Takeaway
LightForce Orthodontics is well-positioned to capitalize on the growing demand for personalized orthodontic treatments, leveraging its innovative 3D-printed solutions and strong financial backing.