Living in a post-pandemic world is a lot different than what we were used to. Healthcare facilities received tremendous applause for the way they handled the crisis. Notable among them is dental healthcare, which has seen a premium rise in its market. According to a report by Grand View Research, the global dental equipment market saw a tremendous rise from $5.4 billion in 2020 to a CAGR of 12.1% from 2021 to 2028. With an expanding geriatric population suffering from many dental diseases and the government’s various schemes to boost the dental health of its population, the industry is heading to its pinnacle.
Even with the advancement in technologies and the introduction of more efficient technologies, the dental health industry is answering the public’s problems avidly. Not only that but growing environmental concerns like the quality of water and food consumed by the masses, leading to the development of gum and tooth problems in them has also boosted the flame.
While the pandemic was happening, dental healthcare workers suffered a lot in their work. Most of their treatment involved visits to the clinic, but that could not happen due to COVID. Many routine dental procedures had to be shut down. Each dental care procedure was already too expensive to be closed at such short notice for so long. However, it was suggested in the report that even the rising cost of availing dental care would not affect the forthcoming positive changes in the industry.
Today many dentists have incorporated “enhanced infection prevention and control procedures''. This includes disinfecting equipment and surfaces, temperature check of patients and staff, patient screening for COVID-19, and ensuring vaccine certifications. They have also been following basic COVID protocols like the usage of face masks, shields, and bodysuits and maintaining appropriate distances.
The dental equipment market seems poised to witness growth going forward as dental healthcare continues to recover from the slump brought about by the COVID-19 pandemic. Hence, this seems to be a prudent time to look at names focused on dental supplies that stand to benefit. This list of companies or stocks is chosen as per Finansya Indicators. To learn more, visit the website.
Align Technology, Inc (ALGN) design, manufacture, and market clear aligners and scanners for orthodontists and general dentists. Its expected earnings growth rate is locked for the current year at 71.8%.
Becton, Dickinson, and Company (BDX) develop, manufacture, and sell medical supplies (syringes, disinfectants, patient monitoring products, etc.), devices, laboratory equipment, and diagnostic products worldwide. The expected growth rate is 25.4% for the company in the current year.
Henry Schein, Inc. (HSIC) provides worldwide services of health care products and services to office-based dental practitioners and laboratories, physician practices, government, institutional healthcare clinics, and other alternate care clinics. It is expected to clock at 9.1% in its earnings for the current year.
McKesson Corporation (MCK) provides medical and pharmaceutical supplies in the United States of America and also worldwide. They offer a range of premier dental products promising guaranteed results. 13.1% is the figure that is estimated for the company’s growth rate for the current year.
The dental healthcare industry thus has a lot to offer in the coming years. Not only is it already slated for that rise, but it also is gaining a lot of attention these days. So, it is the right call for dental professionals to make use of this immense amazing opportunity.