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China Local time: 04:52 AM

Opportunities in China’s $47 Million Market for Imports

In China, the majority of the dental clinics are in the hospitals, most of which are state-owned.  In the next 10-20 years, China needs to construct 10 times the number of dental hospitals currently available in order to provide the Chinese people with dental treatment and protection.   Furthermore, the private dental clinics are much smaller compared to the state owned (government owned) clinics. 
                                                                                                                                                           The increase in the number of dental hospitals and clinics providing basic dental care has led to a rise in the number of dental cases sent to specialized dental labs.  Many of China’s stomatology hospitals and clinics are expanding beyond basic dental care to offer higher value-added services, such as cosmetic surgery. Of China’s more 1.3 billion people, 50 percent of the adults and 70 percent of the children have problems with decayed teeth.  Over 90 percent of the people have periodontal disease.  Accordingly, the demand for high-tech dental equipment is also growing. 

Although there is no solid data about the current market size for dental equipment, according to a source from the State Food and Drug Administration (SFDA), China has witnessed a steady growth in this market and the current market size for domestic and foreign products is estimated at about US$150 million, of which roughly one third is imported.  Furthermore, the vast majority of imports for dental lab equipment are purchased by the larger dental labs, which possess the financial resources and the technical expertise the smaller dental labs lack.  Currently, there are more than 1,000 dental laboratories in China with production permits.   The market for dental equipment and dental lab equipment and materials is projected to grow by 10-15% a year.

Due to the lack of accurate statistics-gathering and tax records in China, it is recommended that all figures for market size cited above be considered only as estimates.

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