LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent dental services market in China report until 2020. This research report also lists 16 other prominent vendors that are expected to impact the market during the forecast period.
The dental services market in China will witness astounding growth and will grow at a CAGR of above 18% during the foreseen period. China has started investing in oral health services to increase the number of dental facilities. The government is also trying to spread awareness of oral and dental hygiene among people, particularly those from rural areas. During 2008-2012, the country spent about USD 20 million for oral health services. The government does not provide reimbursements for dental services. This has led it to focus on the expansion of its medical expenses for stomatological disease such as dental problems to reduce the overall expenditure of people with dental conditions.
To increase general awareness for dental care, the government celebrates 20th September of each year as the Love Teeth Day. Many people in China had limited concerns about oral health, but this program has helped increase awareness levels. This has led to an increase in the number of people visiting dental hospitals and clinics for treating minor dental such as oral cavity to major issues such as cosmetic dentistry and dental implants.
Competitive vendor landscape
The competition in the dental services market in China is intense, with the presence of established global and local vendors. These vendors offer cost-effective products, but the devices have limited features and functionalities. The increase in M&A has led to advances in technology, resulting in the expansion of dental services. This further increases the competition in the market. To enter the market, foreign companies are likely to acquire regional or local players.
“Major dental service providers are establishing more clinics to increase their market share and remain competitive. For instance, Bybo Dental Group owns about 200 dental clinics in China. These service providers are also seeking investments to expand their businesses,” says Srinivas Sashidhar, a lead orthopedics and medical devices research analyst from Technavio.
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Top five dental services market vendors in China
Arrail Dental
Arrail Dental offers a range of services in the areas of orthodontics, pediatric dentistry, prosthodontics, endodontics, general dentistry, implants, periodontics services, toothache treatment, tooth restoration, tooth whitening, geriatric teeth care services, and online appointment services.
The company has established close partnerships with the School of Dental Medicine of the University of Pennsylvania and University of California, US. Its corporate clients include IBM, DELL, Hony Capital, CISCO, Siemens, Schneider Electric, and Deutsche Bank. More than 60% of the company's workforce has a doctoral or master's degree and are specialist in respective fields.
Bybo Dental Group
Bybo Dental Group consists of around 200 chain dental clinics in different cities of China. It has more than 30 business divisions distributed in more than 40 first-tier cities in the country. It is also focusing on expanding into major cities of all provinces and forming nationwide dental service chains.
The company was the first group member of the Chinese Stomatological Association and Chinese Stomatological Association Hospital Management Committee. The company has implemented international advanced medical management module and strict supervision system, and takes the lead in conforming to international quality management system in the dental industry.
Jiamei Dental
Jiamei Dental is the first large-scale and modern chain operation dental healthcare institution in China. The company has adopted established dental techniques and has dental healthcare expert team, series of independent intellectual properties, expert operation management team, and many professional doctors and care teams. The company offers its services in the areas of orthodontics, cosmetic dentistry, dental implantation, dental cosmetic restoration, tooth whitening and reshaping, and pediatric dentistry.
Q & M Dental Holdings
Q & M Dental Holdings operates in the country through a joint venture with Dan De Dental in Nanjing and Ayashi in Beijing, China. The company’s facilities have advanced dental technologies such as 4D radiography, CAD/CAM technology for one-day crown, dental laser, and cone beam technology-based 3D imaging solutions.
In June 2015, the company acquired 60% stake in two dental clinics located in Panjin City, China, and another in Gaizhou City. These clinics would be rebranded as Liaoning Dental Clinics. Its subsidiary Shenyang Xin’Ao Hospital Management closed this deal.
TC Medical
TC Medical is the first listed company with oral care chain management as its main business in China. The company operates dental clinics and hospitals such as Ningbo Dental Hospital, Yiwu Dental Clinics, Hangzhou Dental Hospital, Quzhou Dental Hospital, Cangzhou Dental Hospital, Topchoice Jingzhao Dental Hospital, and Huangshi Xiandai Dental Hospital. It engages in M&A of regional dental hospitals to expand its businesses. It has operations all over China, with major focus on Zhejiang province. It has completed the acquisition of Kunming Dental Hospital by setting up a joint venture with the Kunming municipal government.
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