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4th Quarter 2011 Germany Market Snapshot Series (MSS) Report on Dental Practice Activity

Report #: 111133-102

Date: 03/16/2012

Regional Market Covered: Germany

Fees: $995.00 USD  (inquire for annual subscription discounts)

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Overview:

The 4th Quarter 2011 edition of OMNIDEN™ - AFG Research’s international dental omnibus - included several questions designed to gather dentists’ opinions regarding the current state of the German economy and the way their practice has been affected by the current economic environment. Results for these questions are made available as part of a new report titled: “4th Quarter 2011 Germany Market Snapshot Series (MSS) Report on Dental Practice Activity”.

Specifically, AFG Research probed into what 175 dentists in Germany think about the current economic environment and the challenges faced by their practice (450 dentists since the 2nd quarter 2011). As part of this study, AFG Research measured the changes experienced in the volume of twenty different dental procedures during the past six months, including direct restorations, implant procedures and many others.

The closing year challenged the German economy as perhaps never before since the creation of the European Union. Serious debt problems have shaken the economic foundations of Greece and Italy, forcing the handling of power to new authorities in the hope of renewing national and international trust in domestic markets. In addition, high debt to GDP ratios have started to put pressure on countries like France, while unemployment figures in Spain (more than 20%) reveal the current multidimensional macroeconomic hardships of the continent. Last but not least, the word of the unsustainability of the Euro has begun to spread, forcing Germany and other large European economies to prioritize the strengthening of their currency as we enter 2012. Despite these challenges, the German economy showed signs of relative stability throughout most of 2011, especially when it comes to its labour market.

According to the Federal Statistics Office of Germany (Statistisches Bundesamt Deutschland), the seasonally-adjusted quarterly growth of GDP for the third quarter of 2011 was a meagre 0.5%, slightly above the 0.3% recorded in the second quarter, but down from the healthier 1.3% recorded in the first quarter.

In addition, the CPI for October was 2.5% higher than a year ago. It must be noted that since April 2011, the yearly inflation rate has remained relatively constant at the 2.3%-2.5% range.

The German unemployment rate improved throughout 2011 and is today one of the lowest in the Eurozone. By the start of the fourth quarter of 2011, the seasonally-adjusted unemployment rate had decreased to 5.6% from 6.0% and 6.4% in the second and first quarters, respectively. Current German unemployment is well below the Eurozone average (10%) and 3 percentage points lower than U.S. levels.

The most recent Ifo Business Survey reveals that the business climate for trade and industry continued to improve in December and that business conditions remained favourable for wholesaling, retailing and construction throughout the fourth quarter of 2011. To quote the President of the Ifo Institute for Economic Research: “The German economy seems to be successfully countering the downturn in Western Europe”.

Nonetheless, the CESIfo’s Business Climate Index for German industry and trade reveals that better times were seen in the recent past: the index declined from 114 in second quarter of 2011 to 107 in the third and fourth quarters. Similarly, its Business Expectations Index also declined from 109 in the first quarter to 98 in the third and fourth quarters.

Key opinion leaders express their views on the current economic performance and future challenges for the German economy:

This quarter’s report continues to analyze current and expected production for 20 key dental procedures. It also focuses on two measures for tracking both the current state and the expected state of dental practice activities over the last 3 quarters: the “AFG Research Current Dental Practice Activity Index” and the “AFG Research Dental Practice Activity Expectations Index”. These indices, each of which is constructed from the re-scaled results of twelve questions (six questions on current practice conditions and six questions on expected practice conditions), provide a clear and concise view on the evolution of current business perceptions and expectations over the recent period.

The report will help dental manufacturers and distributors to: a) assess the current business environment of the industry, b) better understand the ways in which dentists across Germany are coping with changes in the economic environment, c) identify key opportunities for adapting their business to better address the needs of their customers d) track the changes in key dental business activities during both the recessionary and post-recessionary periods, and e) identify future trends and developments to better forecast business activity in 2012 and beyond.

Research Focus:

  • Influence of the German economy on dental practices (current and historical levels by specialty and segment)
  • Current dental practice current activity index
  • Perceived conditions of the German economy & practice activity (local economy, business conditions, revenues, profitability and technology investments, practice daily calendar, conversion rate for elective procedures)
  • Expected dental practice activity index
  • Expected conditions of the German economy & practice activity (local economy, business conditions, revenues, profitability and technology investments, practice daily calendar, conversion rate for elective procedures)
  • Dental procedure volume analysis (current and historical levels by specialty and segment)
  • Dental procedure volume variations in past 6 months
  • Dental procedure volume variation expectations for next 6 months
  • Number of patients seen per week (current and historical levels)
  • Number of orthodontic cases & Invisalign patients (by age group of patients)
  • Dental impression methods (conventional versus digital impressions)
  • Practice expansion intentions (add new operatory, practice relocation, add new office)

Dental Procedures Covered:

Regional Market Covered: Germany

Data Collection Date: December 2011

Report and Data Availability:

  • Online report (MarketSight) available using name-based account
  • 200 key charts presented by key topics (current and expected practice activity metrics, procedure volume and variations)
  • Summary of key findings and executive summary
  • Downloadable report (MS PowerPoint)
  • Cross-tabulation of survey results by multiple classification questions (MS Excel available to yearly subcribers only)

Information on Report License:

  • Site License: This license allows for use of the report by an unlimited number of people within the same enterprise location. Each of these people may use the report on any computer, and may print out the report, but may not share the report (or any information contained therein) with any person or persons outside of the enterprise location. Customers who infringe these license terms are liable for a Global Site license fee.

  • Global Site License: This license allows for use of the report by an unlimited number of people within the same enterprise worldwide. Each of these people may use the report on any computer, and may print out the report, but may not share the report (or any information contained therein) with any other person or persons outside of the enterprise. Please contact us for details.

DTA Members Discount:

Dental Trade Alliance (DTA)

 AFG Research is a member of the Dental Trade Alliance (DTA)

Any organization which is currently a member of the Dental Trade Alliance (DTA) is eligible to an additional discount on the report license fees. Please request your coupon code if applicable.

Additional Questions:

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