Ray Opens Digital Center in Shanghai, China... "Providing Transparent Orthodontic Services"

[Asia Economy Reporter Yoo Hyun-seok] Ray, a leader in digital therapeutic solutions, announced on the 25th that it has opened a Digital Center in Shanghai, China, in partnership with a local partner.

Lee Sang-chul, CEO of Ray, said, "Although business activities in most countries have been difficult due to COVID-19, we judged this to be a golden opportunity to capture the rapidly growing Chinese market and proceeded accordingly," adding, "While most competitors have been retreating due to COVID-19, we believe that more aggressive investment and marketing activities will be more beneficial for the company's growth in the long run."

According to data from Chinese research firm Rui Guan Consulting, the size of the Chinese dental industry was approximately 17 trillion KRW in 2019 and is expected to rapidly grow to about 76 trillion KRW by 2030. It is the largest and fastest-growing market in the world. Additionally, as the number of patients with dental diseases increases, the number of treatments is growing by more than 10% annually. Through the newly opened Digital Center, Ray plans to lead the growing Chinese market by providing the highest quality surgical guides and clear aligner design services to Chinese customers.

The opening ceremony held online on the 18th was broadcast nationwide across China, with about 1,500 key customers joining the live broadcast. The Digital Center platform, services, and products introduced during the live broadcast received great response from Chinese customers eager for new technology. According to the company, 103 digital therapeutic solution sales contracts were signed during the sales event held throughout the opening ceremony.

This content was produced with the assistance of AI translation services.