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3rd Quarter 2012 Germany Market Snapshot Series (MSS) Report on Dental Practice Activity - Industry Stagnates as Economic Headwinds Remain Strong

Report #: 120833-102

Date: 10/15/2012

Regional Market Covered: Germany

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

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Overview:

The 3rd 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: “3rd Quarter 2012 Germany Market Snapshot Series (MSS) Report on Dental Practice Activity - Industry Stagnates as Economic Headwinds Remain Strong”.

Specifically, AFG Research probed into what 150 dentists in Germany think about the current economic environment and the challenges faced by their practice (1,000 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 macroeconomic situation of Germany and the rest of the European Union continued to disappoint industry leaders and investors during the spring and summer months of 2012. The Eurozone contracted by 0.1% in the second quarter, with Germany attaining a positive but meager expansion in GDP. In addition, debt problems continue to haunt Greece, which will soon enter its fifth year of continued recession. However, important pillars of the German economy seem to remain solid. The OECD still regards the German labour market as one of the strongest in Europe and expects that “low deleveraging needs and favourable financing conditions will contribute to the rebound in private consumption and investment” in the months to come. Furthermore, the OECD believes that the “expected recovery of world trade should further improve business confidence and mitigate negative spillovers from weakness in the rest of the euro area”.

According to the Federal Statistics Office of Germany (Statistisches Bundesamt Deutschland), the seasonally-adjusted quarterly growth of GDP in the 2nd quarter of 2012 was 0.3% - slightly lower than the 0.5% recorded in the 1st quarter, but better than the -0.1% growth estimated by the end of 2011 . On the other hand, industrial production (total industry excluding construction) increased by 1.3% in July 2012, after decreasing from 1.6% in May to -0.4% in June . Lastly, the German annual inflation rate as measured in August 2012 was 2.2% - slightly below the average annual inflation of the European Union (2.6%).

The German unemployment rate continues to be one of the lowest in the Eurozone. The overall seasonally-adjusted unemployment rate was estimated at 5.6% in the first three months of 2012 and at 5.5% from April to July. Current German unemployment is well below the Eurozone average (10.4%) and continues to be at least 2.5 percentage points lower than U.S. levels.

The most up-to-date Ifo Business Survey reveals that the German business climate for trade and industry continued to fall in September, “marking its fifth successive decline” . The overall Ifo Business Climate Index had increased slowly but consistently up until April 2012, decreasing thereon over the summer months and reaching the 101.4 level in September. Similarly, the Ifo Business Expectations Index decreased during the same period, from 100.7 in May to 93.2 in September (Index: 2005=100).
The following views and opinions provide a more detailed description of Germany’s current economic performance and upcoming challenges:

  • “German Growth Slowed Less Than Forecast in Second Quarter”, Bloomberg, August 14, 2012.

  • “The euro crisis: Pressure from all sides”, The Economist, August 24, 2012.

  • “German Jobless Claims Rise Again”, The Wall Street Journal, September 27, 2012.

  • “German Export Orders Fell Sharply in August”, Spiegel Online, September 3, 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: September 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.

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