“A tooth is equal to a BMW”. The cost of a single tooth is 8000-20000 yuan. This era of high price is expected to end.
The National Medical Insurance Bureau said that it would strive to launch the alliance reform of local centralized collection of dental implants in the first half of this year.
why are dental implants so expensive?
On February 11, at the regular policy briefing held by the State Information Office of the State Council, the State Medical Security Bureau said that it would expand the centralized collection of high-value medical consumables and carry out centralized collection of dental implants concerned by the masses at the national and provincial levels respectively.
“One implant cost 28000 yuan, and two spent 56000 yuan. The doctor told me that it would cost more than 200000 yuan to implant all the upper teeth.” One patient in the health Times said.
Why are dental implants so expensive?
Public data show that implant teeth are a common repair method after tooth loss and a common operation in stomatology. it is reported that the cost of dental implant surgery is as high as 8000 yuan to 22000 yuan.
The costs include implants, implant abutments, crowns (porcelain fused to metal teeth / all ceramic teeth), restoration materials, operation costs and anesthesia costs. the larger price fluctuation is reflected in the implant, that is, dental implant materials.
Data show that 90% of China’s dental implants are monopolized by Swiss, German and Korean brands, among which Nobel implants, Swiss ITI Implants and other high-end implants are priced at about 6000-20000 yuan.
In addition, before the implants reach the hands of consumers, they need to be increased by manufacturers, national general agents, prefecture level municipal agents, bidding agencies, hospitals and other links, resulting in tens of thousands of yuan for products.
In addition, the training cycle of Chinese doctors is long, and the shortest time to train a dental specialist is 10 years, including 5 years of undergraduate, more than 3 years of clinical training and 2-4 years of specialist training. The cost of talents is also high for a long time.
The above factors lead to the high price of dental implant surgery.
How much can the centralized purchase scheme cut?
“Preparing to launch such a local collection alliance reform in the first half of this year”, Chen Jinfu, deputy director of the National Medical Security Bureau, proposed that it is actually a layout under the leadership of the state and a centralized collection method explored in dental implants.
“(centralized dental implant Collection) has been deployed since last year. Sichuan has organized an inter provincial alliance to study the procedures for centralized dental implant collection. Now the scheme is basically mature.” Chen Jinfu revealed.
In this regard, the public is generally concerned that how much can this reform cut the price of dental implants?
According to the prediction of relevant securities companies, after being included in centralized mining, the cost of dental implant is expected to be reduced by 60%. At the same time, it should be noted that the cost of dental implant consumables is only one of them, and many cost factors mentioned above still need to be taken into account.
According to the data of China dental industry report 2020, the number of dental implants in China is 4.06 million, and the market scale is nearly 160 billion yuan. It has become one of the fastest growing dental implant markets in the world. According to the results of the seventh census, as the main consumer group of dental implants, the elderly over the age of 60 reached 260 million, accounting for 18.7% of the total population. The elderly over 65 accounted for 13.5%.
At the same time, China is in the transition from mild aging to moderate aging. It is predicted that China’s elderly population will reach 300 million. It is estimated that China’s dental implant market still has more than ten times the growth potential.
In addition, judging from the results of centralized drug procurement organized by the state, six batches of 234 kinds of drugs have been purchased, saving more than 260 billion yuan. Among them, the average price of drugs decreased by 53%, the average price of cardiac stents decreased by 93%, and the average price of artificial hip and knee decreased by 82%, which effectively squeezed the space of falsely high drug prices.
industry leading price fluctuation
The promotion of intensive collection of dental implants is very beneficial to the public in need. On the other hand, it also brings new challenges to oral medicine related companies.
After the State Council’s regular briefing proposed the centralized collection of dental implants, the share price of Topchoice Medical Co.Inc(600763) oral faucet of A-Shares fell 2.69% and closed at 148.69 yuan. public data show that the dental implant business accounts for 16.47% of the company’s total operating revenue.
Not long ago, there was a dramatic scene in the company.
On February 7, Topchoice Medical Co.Inc(600763) chairman LV Jianming was revealed to have violated the local epidemic prevention policy and asked the relationship to burn incense and pray.
In fact, as early as last year, factors such as the decline in profit growth and the expectation of intensive mining of dental implants had a certain impact on Topchoice Medical Co.Inc(600763) .
In September 2021, after a wide-ranging discussion on dental implant collection in the market, Topchoice Medical Co.Inc(600763) shares fell sharply. Then, on October 14 and October 15, Topchoice Medical Co.Inc(600763) fell by the limit for two consecutive days, and the market value of the two days decreased by 18.56 billion yuan.
On October 15, Topchoice Medical Co.Inc(600763) issued an announcement of abnormal fluctuations in stock trading, saying that customers’ planting needs were on the sidelines and delayed medical treatment. The announcement also pointed out that “excluding the impact of the epidemic and relevant policies, the company’s operating performance remained stable”, but it still failed to avoid the decline of share price.
However, some analysts pointed out that, in essence, the substantive impact of intensive dental implant collection on private oral cavity may be limited.
In addition, Topchoice Medical Co.Inc(600763) said it would promote the concept of high, middle and low oral supermarkets, increase low-cost planting projects and promote its share in the low-cost planting market. According to the company’s planting doctor resources, if the production capacity is fully released, it can meet the demand of 200000 planting.
Recently, Ge Lan, the China Europe Fund Manager known as the first sister of the fund and the “goddess of medicine”, increased his holdings of the stock by 4.4117 million in the third quarter, with a shareholding ratio of 4.45%, while Zhang Kun and GUI Kai reduced their holdings respectively.
However, affected by the adjustment of medical industries such as dental implant collection, Glenn fund, which has increased its shareholding, suffered a significant withdrawal, and the net value of its representative fund, China Europe medical health, also fell all the way. It is reported that in the majority of investors’ doubts and speculation, Glenn was scolded for hot search a few days ago.
