Almost all dentist offices are open now. Revenues are still expected to fall by 40% this year.
Global dental supply sales at Henry Schein, a supply distributor, dropped 41% in the second quarter. But Henry Schein CFO Steven Paladino told investors this month that “in the states in the U.S. that are showing an increased infection rate for COVID, we’re not seeing any significant falloff in patient demand.”
Sales at dental equipment manufacturer Dentsply Sirona plummeted 51%. Dental patients are returning at a gradual pace, executives said, and July volumes were looking better than June.
Sales at Align Technology, which makes Invisalign teeth straighteners, fell 41% in the second quarter. Align CEO Joseph Hogan told investors he was “incredibly optimistic … we don’t see another COVID shutdown on a major market that lasts a long period of time,” and the company is trying to reach more teens during the pandemic by signing a promotional deal with social media influencer Charli D’Amelio.