The total revenue of stomatological hospitals in China increased from RMB2.37 billion to RMB8.1 billion during 2006-2012 with a CAGR of 22.7%.
Dallas, TX (PRWEB) February 13, 2015
There are a great variety of oral apparatuses and consumables and numerous manufacturers in China, presenting a relatively low market concentration. However, the mid- to high-end market is dominated by foreign brands, which entered the Chinese market via agents or branches in the early days, and some of them out of optimism about the Chinese market built production bases in China. For example, Foshan has gathered 17 world-renowned dental equipment manufacturers including Sirona Dental.
Major Dental Equipment and Materials Companies in China
Hefei Meiya Optoelectronic Technology Inc., Shanghai Fosun Pharmaceutical (Group) Co., Ltd., Weigao Group, Xianyang Northwest Medical Instrument (Group) Co., Ltd., Ningbo Runyes Medical Instrument Co., Ltd., Fujian Meisheng Medical Science & Technology Co., Ltd., Other Foreign Companies
Major Private Stomatological Hospitals in China
Top Choice Medical Investment Co., Inc., ARRAIL Dental, iBYER Dental, Jiamei Dental, Chengdu Yafei Dental, C.K.J Professional Dental Hospital Group
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In 2012, Hefei Meiya Optoelectronic Technology launched its dental CBCT, breaking the monopoly of foreign brands (American Carestream, German Kavo and Sirona, Italian New Tom, Finnish Planmeca and South Korean Vatech) in the market segment and showing conspicuous tendency of import substitution. By virtue of price advantage and excellent after-sales service, the output in the first half of 2014 was basically flat, with 2013 standing at around 60 units.
However, iBYER Dental, ARRAIL Dental, Jiamei Dental and other private and foreign oral medical institutions have been more aggressive in marketing and developed more quickly in recent years. As of Jan. 2015, chain clinics (including hospitals) directly operated by the three institutions above totaled over 60, 33 and 31, respectively. Moreover, these famous oral chain brands are concentrated mainly in Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and other economically developed coastal regions, with fiercer competition in the former three cities.
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Promoted by incentive policies and good market prospect, sundry capital flooded into stomatological hospitals or clinics. Greentown Stomatological Hospital invested by Greentown officially opened on Jul. 11, 2012; Legend Holdings planned to invest RMB1 billion in 2014 to help iBYER Dental to join premium dental brands in the country; in the same year, ARRAIL Dental Clinic received third round financing of USD70 million led by New Horizon Capital.
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