On the basis of dental care consumption, the dental
industry is a medical industry chain integrating dental care service and the
production and operation of dental care equipment and dental materials. From
the perspectives of dentists per capita, dental visit rate and dental implant
penetration, China’s dental industry is at the infant stage. With the growing
dental market size, especially the surge of high-end businesses such as dental
implant, coupled with the consumption upgrading as well as relatively tolerant
policy environment, China’s dental industry is projected to maintain rapid
growth trend.
In 2011, the dental
equipment market scale of China surged by 31.6% year-on-year to RMB2589.9
million. At present, China lags far behind its developed counterparts in the
dental equipment filed. Major homegrown industrial players include Northwest
Medical Instrument, Runyes, Shinva Medical, Shanghai Fosun Pharmaceutical
(Group), Meiya Optoelectronic Technology and Fujian Meisheng Medical Science &
Technology. Since 2006, the dental equipment import value in China has seen big
surge, with the CAGR more than 20%.
In the dental care market, the proportion of adult
orthodontics in China has grown from 10%-20% ten years ago to 30% at present.
In China, the penetration rate of dental implant is relatively low, with the
market scale (including implant and dental crown operation businesses)
approximating RMB1.5-3 billion. Driven by the increasing awareness over dental
health, the high valued-added businesses including orthodontics and dental
implant will bring about the overall dental market maintaining a growth rate of
20%-30%. The estimation shows that the number of implanted teeth will soar up
to 500,000 pieces in the upcoming five years from the current 100,000-odd
pieces.
Thanks to the buoyant advance of dentistry market,
Chinese dental hospitals are expected to see vibrant development. In 2010, the
revenue of Chinese dental hospitals totaled RMB5.22 billion, with the CAGR in
2006-2010 claiming 21.8% and the gross margin remaining at a high level of
around 11.0% in 2008-2010. In particular, the gross margins generated by
private dental hospitals were much higher. A case in point was Topchoice
Medical Investment Corporation, the gross margin of which kept above 40.0% in
2008-2012.
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The
Report Highlights:
- Status quo, consumption, market scale and position in the international market of China dental industry;
- Market scale, asset size, profit level and competition pattern of China dental equipment industry;
- Status quo & prediction of China dental care market, development status quo and prospect of high value-added businesses including orthodontics and dental implant;
- Market scale, profit level, dentist resource, competition pattern and development trend of Chinese dental hospitals;
- Operation, business performance, investment, M&As, dental equipment and materials business, dental care service and development outlook of seven major China-based dental equipment and materials enterprises as well as six major private dental hospitals.
