Market Research on Dental imaging systems

Market Research on Dental imaging systems

Introduction

In this paper we will be discussing about the market research of the dental imaging devices that are been used in treatment of various dental diseases. This market is very huge there are many renowned companies that are dealing in these dental imaging machines. The dental supplies advertise comprises of apparatuses utilized within diagnosing dental diseases/conditions and treating the same. Despite the indispensable nature of medical device products, the recession took a toll on a number of firms operating in the Medical Device Manufacturing industry. Industry revenue plunged in 2009 as some hospitals struggled to raise capital for large assets, delaying the purchase of medical equipment. However, the improving economy, the aging population and technological advances have bolstered demand for medical devices in the years following the recession. The aging population is one of the major demand drivers, as the occurrence of health issues requiring medical devices is higher in the elderly population. In the five years to 2013, IBISWorld estimates revenue to decrease at an average annual rate of 3.6% to total $35.2 billion. In 2013, revenue is expected to grow 5.5% due to the aging population and technological advances bolstering market growth.

In United sates there are number of dental and medical equipment supplier. These companies have gained immense market shares by introducing innovative devices related to dentistry and other medical needs. In this report, we have highlighted the major big companies of dental equipments in US. The companies are as follows:

PLANMECA

US Medlink

Henry Schein Dental Supplies

Patterson Companies

The innovative products which are offered in these major companies are as follows:

dental bitewing x-ray

dental panoramic x-ray

dental Cone beam CT

dental implant CT imaging systems (units)

The below passage gives a detail analysis of the major market players and their market shares in the dental equipments industry.

Major Market Players

PLANMECA (6.1%)- Market Leader of Dental Implant CT Imaging Systems

PLANMECA, formerly the healthcare unit of Tyco International, develops, manufactures and distributes healthcare products for use in clinical and home settings. PLANMECA has been involved in providing excellent dental equipment such as dental bitewing x-ray, dental panoramic x-ray, dental Cone beam CT, dental implant CT imaging systems (units)

The company operates three business segments: dental devices, pharmaceuticals and medical supplies. Sales in the dental device and supplies segments make up about 80.0% of total US sales. More than half of PLANMECA's revenue comes from operations within the United States. Although the company has a relatively high reliance on the US market, PLANMECA's revenue from international markets has grown in recent years. The high reliance on the US market exposes the company to risks associated with oil, gas and pulp price volatility, which can result in higher production costs and make it more expensive to distribute products. The company moved from Bermuda to Ireland in 2009, reorganizing its structure from PLANMECA Ltd. to PLANMECA PLC. PLANMECA has about 43,400 employees in more than 60 countries.

Over the past five years, PLANMECA has acquired more than five companies and intellectual property from ...