As private clinics open up all over China, more patients will receive dental work, according to Millennium Research Group
WALTHAM, Mass., Jan. 21 /PRNewswire/ -- According to Millennium Research Group's (MRG's) Chinese Markets for Dental Implants 2009 report, new private dental clinics are continuing to emerge in response to increasing demand for dental care from China's growing middle class and aging population. The establishment of these private dental clinics will enable the dental implant market to reach over $125 million by 2013, reflecting a compound annual growth rate of more than 30% over the next 5 years.
Generally, dental services in China are offered in government-managed hospitals that deal with an overwhelming number of cases. With new private dental clinics now opening and a growing number of dentists offering dental implant treatment, however, Chinese patients will have increased access to dental implants. Currently, there are more than 5,000 privately run clinics operating across China and the success of the dental implant industry will continue to attract both domestic and foreign investment. In addition to the development of new dental facilities, increasing volumes of procedures performed by existing facilities will enable market growth over the next five years.
"The global economic crisis will slow this market in 2009, but only moderately" says Kevin Flewwelling, Manager of Orthopedic and Dental Research at MRG. "Due to improved clinical education, greater patient awareness of dental implants, and a larger urban middle class, the Chinese dental implant market will still grow at double-digit rates even at the height of the worldwide economic crisis."
MRG's Chinese Markets for Dental Implants 2009 report provides coverage of key industry competitors, including Anthogyr, BEGO Implant Systems, Bicon Dental Implants, BIOMET 3i, DENTSPLY International, Nobel Biocare, Osstem, Straumann, and many more.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized solutions.
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|SOURCE Millennium Research Group|
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