Edited by China Merchants: an indispensable market of hundreds of billions-- an in-depth report on the dental implant industry
Oral health care is an obvious area of consumption upgrading, in which orthodontics and dental implants are the two fastest growing areas of oral medicine. In the next eight years, the compound growth rate of dental implants will be as high as 28%, and the potential stock space will reach 400 billion yuan.
The demand for oral health care is strong, and the supply is not sufficient.
The high prevalence rate and low consultation rate will promote the rapid development of the industry for a long time. In 2016, the number of patients with oral diseases in China was 687.34 million, and the number of patients in dental hospitals was 32.11 million, accounting for only 4.67% of oral patients. The number of dentists per million people in China is 100, while that in European and American developed countries is 500-1000. China's stomatologists still have the problem that the overall educational level is low, and high-level stomatologists are very scarce.
The per capita disposable income will increase, and the oral market will continue to grow at a high level.
China's dental market has reached 85 billion yuan, with a compound growth rate of about 18% in the past 10 years.The development of oral medicine is closely related to the improvement of living standards. The fastest development of dental care in the United States was from the 1970s to the 1990s, and the per capita disposable income in the United States reached 5600 US dollars in 1975. China's per capita disposable income will reach the same level in 2017, and oral care will continue to grow rapidly.
Among dental medical equipment and consumables, the fastest growing areas are orthodontics and dental implants.
Orthodontics is to correct the irregular arrangement of teeth and the abnormal shape of teeth. At present, there are three main methods to repair missing teeth: removable dentures, porcelain teeth and implants.. As a kind of restoration method which is very similar to the function, structure and aesthetic effect of natural teeth, dental implants have developed rapidly since 1980s and have become the first choice of dental restoration in the world. According to the statistics of the American Association of Stomatology, there were about 15 million cases of bypass or denture implants in the United States in 2017, while about 5 million dental implants were implanted in the same period.
The dental implant subdivision industry has developed rapidly, and the demand for consumable materials has increased greatly.
The potential stock space of dental implant market reached 400 billion yuan. A total of 1 billion teeth are missing in the middle-aged and elderly, and the total potential market demand for dental implants is about 40 million. According to the lower price of 10,000 yuan per implant, the total potential stock is about 400 billion yuan. The number of dental implants in China was about 1.96 million in 2011, with a compound growth rate of 56% from 2017 to 2017, making it one of the fastest growing dental implant markets in the world.We predict that the compound growth rate of the number of dental implants will reach 28% in the next 8 years, and the number of dental implants in China will reach 14.5 million by 2025.
There is still much room for import and replacement of dental implant equipment consumables.
Dental implant industry chain includes dental chain and instrument consumables, including oral CT, implant, implant abutment, dental crown, restoration materials and so on.In terms of consumable materials, implants are the main cost of dental implant surgery, with dozens of approved enterprises, but foreign-funded enterprises account for 90% of the domestic share; repair materials are mainly oral repair film and bone powder, Switzerland Geishi accounts for about 70%, domestic enterprises Zhenghai organisms account for 10% 15%, the replacement space is very large.
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