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1st Quarter 2012 Germany Market Snapshot Series (MSS) Report on Dental Practice Activity

Report #: 120233-102

Date: 05/08/2012

Regional Market Covered: Germany

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

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Overview:

The 1st Quarter 2012 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: “1st Quarter 2012 Germany Market Snapshot Series (MSS) Report on Dental Practice Activity”.

Specifically, AFG Research probed into what 150 dentists in Germany think about the current economic environment and the challenges faced by their practice (600 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.

Throughout 2011, Eurozone debt problems and perceptions of a vulnerable Euro threatened the stability of the German economy. These challenges augmented the volatility of equity markets in Europe and abroad, forcing European policymakers to implement clear and convincing debt renegotiation solutions for highly-indebted countries (Greece).

As we start 2012, these challenges have started to dissipate amid the stronger commitments from Eurozone powers – Germany and France – to deal with the high levels of sovereign debt accrued by Eurozone countries. Despite the highly adverse financial atmosphere existing up to the 4th quarter of 2011, the German economy has performed relatively well. Even though Germany experienced negative economic growth by the end of 2011, it continues to have the lowest unemployment rates in the OECD and its national business climate promises to remain stable in the months to come.

According to the Federal Statistics Office of Germany (Statistisches Bundesamt Deutschland), the seasonally-adjusted quarterly growth of GDP for the 4th quarter of 2011 was -0.2%, below the 0.6% recorded in the third quarter and the 0.3% recorded in the second quarter. However, industrial production (total industry excluding construction) increased by 1.5% in January 2012. Lastly, the German annual inflation rate as measured in February 2012 was a rather stable 2.5% - slightly below the 2.7% average for the European Union.

The German unemployment rate improved throughout 2011 and is currently one of the lowest in the Eurozone. In January 2012, the seasonally-adjusted unemployment rate was estimated at 5.8%, slightly up from the 5.7% recorded in November and December 2011. Current German unemployment is well below the Eurozone average (10.7%) and continues to be 3 percentage points lower than U.S. levels.

The following views and opinions provide a more comprehensive insight into the current economic performance and future challenges for the German economy:

  • “German Unemployment Fell More Than Forecast in January”, Businessweek, February 1, 2012.

  • “Germany is healthy, could be healthier”, The Economist, February 24, 2012.

  • “How the German Economy Became a Model ”, Spiegel Online, March 21, 2012.

  • “Germany Beats Fourth-Quarter Forecast, French Economy Grows”, Bloomberg, February 15, 2012.

The current dental practice activity index, which compares the current state of dental practice business dimensions vis-a-vis 6 months ago, was estimated at 54.3 in Q112 – in line with the 54.1 level recorded, on average, over the last 3 quarters of 2011. It must be noted however that the current quarter’s index is slightly below the 55.6 level estimated in Q411, suggesting a slight weakening of the overall practice business environment towards the beginning of 2012. Quarterly data from the past year show a decrease in the proportion of dental practices sharing negative assessments of current dental practice revenues and profitability. Such common trend heralds an improvement in practice financial health for a significant number of practices as we enter 2012.

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 4 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: March 2012

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)
  • 300 online charts and summary tables
  • Summary of key findings and executive summary
  • Downloadable report (MS PowerPoint)
  • Cross-tabulation of survey results by multiple classification questions (MS Excel available to subscribers 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:

Please contact us should you have any questions regarding our market research reports or require any assistance in placing an order.

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