Dental services in China: Key market research findings
- Availability of cost-effective mini implants drives market growth
- Dental implants services account for a majority of the market’s revenue
- Key vendors – Arrail Dental, Bybo Dental Group, Jiamei Dental, Q & M Dental Holdings, and TC Medical
Technavio’s market research analysts predict the dental services market in China to grow at a CAGR of over 18% between 2016 and 2020. The market’s growth is driven primarily by the availability of cost-effective mini implants in the market. Such implants are less invasive and cost-effective. They also effectively reduce the recovery time among patients as opposed to the regular implants. In 2015, the dental implants services segment dominated the dental services market in China by accounting for more than 27% of the overall market share. The demand for dental implants services in China during the forecast period will be driven by the availability of various cutting-edge technologies for dental restoration owing to the advancements in technology.
The new market research report from Technavio presents a breakdown and analysis of the dental services segments based on the end-user.
“Improved turnaround time achieved by combining robotics with digital imaging is the latest trend in the dental services market in China. The combination of digital technology with robotics helps lower the duration of patient recovery after dental procedures. Dental reconstruction through the combination of robotics and medical imaging allows dentists to restore dental implants in just a single visit. In December 2010, China SHESAYS Medical Cosmetology company introduced CEREC AC porcelain teeth 3D restoration robot for dental procedures,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
During 2015, the hospitals segment dominated the market by accounting for about 54% of the overall market revenue. Public hospitals are major centers for delivering dental and other medical services in China. The increased preference for public hospitals in this region can be attributed to the availability of cost-effective dental services as opposed to private hospitals. The ongoing rise in the number of public hospitals in China is expected to reflect positively on the growth of this market segment over the next four years.
The key vendors in the dental services market in China include Arrail Dental, Bybo Dental Group, Jiamei Dental, Q & M Dental Holdings, and TC Medical. The competition in the market is intense owing to the presence of established global and local vendors. Vendors in the market currently offer cost-effective products, but these devices come with limited features and functionalities. The increase in mergers and acquisitions (M&A) is leading to technological advancements, resulting in the expansion of dental services. Furthermore, this intensifies the competition in the market. The global companies are likely to acquire regional or local players to gain entry into the market.
A more detailed analysis is available in the Technavio report, Dental Services Market in China 2016-2020.
We can customize reports by other regions and specific segments upon request.
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