The healthcare market is an attractive economic sector
The healthcare market is one of the fastest growing sectors of the global economy. The underlying growth drivers include overall demographic trends, technological progress, globally-rising disposable incomes, and more broadly available medical treatment in emerging markets. These trends are coupled with ever more stringent hygienic requirements and a demand for lower cost disposables, making the dental consumables market one of the most dynamically growing market places in the world.
Focusing on the global dental market and primarily on dental consumables, COLTENE targets an attractive, long-term growth market, which benefits from demographic development in traditional markets, as well as from rising disposable incomes in emerging markets.
The global market for COLTENE includes:
- an overall attractive CHF 23.9 billion dental market,
- a CHF 14.4 billion dental consumables market.
Growth strategy
As a worldwide and highly innovative developer, manufacturer and provider of dental consumables, COLTENE pursues a broadly-based growth strategy. The wide product range allows COLTENE to enter new global markets with targeted product offerings. Through acquisitions and partnerships, COLTENE will continue to further strengthen its technological competence and geographic reach.
The essential growth drivers of the dental market include:
- increasing adoption of dental insurance coverage,
- increasing importance of dental health as a factor in overall well-being,
- globally growing need for high-quality, aesthetic dentistry,
- increasing life expectancy should double the number of 50 to 80 years olds with natural dentition by 2030,
- Significantly expanding middle class in emerging markets due to growing global population and rising incomes. In countries such as China, India and Brazil, the population could grow by more than 1 billion by 2030, and approximately 20 percent of this expanded market will have access to modern dental treatments.
History
Until 2006, reporting of dental market activities (now COLTENE) were part of the Healtchcare Division of Gurit Holding AG (see www.gurit.com).
2006
The former Health Care Division of the Swiss Gurit-Heberlein Group goes public on June 23, 2006 on the SIX Swiss Exchange. The independent company is listed as Medisize Holding AG. xpanded market will have access to modern dental treatments.
2007
COLTENE acquires CEI Cutting Edge Instruments, Inc., USA (Bridgewater Corners, Vermont).
2008
On February 27, 2008, Medisize Holding AG sells its complete medical business to Medifiq Healthcare OY (Finland) and changes its name to COLTENE Holding AG. COLTENE is now exclusively focused on the dental market.
2009
On July 1, 2009, COLTENE Holding AG acquires a 40% stake in the Brazilian company Vigodent SA Indústria e Comércio, Bonsucesso/Rio de Janeiro.
2010
On October 29, 2010, COLTENE Holding AG acquires the remaining 60% of the Brazilian company Vigodent SA Indùstria e Comércio, Bonsucesso/Rio de Janeiro.
2017
Diatech LLC, headquartered in Mount Pleasant, South Carolina, USA, will be acquired on March 24, 2017. COLTENE integrates the business unit into the newly founded Diatech INC, a subsidiary of Coltène/Whaledent INC.
The acquisition of KENDA AG, headquartered in Vaduz, Liechtenstein, by COLTENE Holding AG has been announced on 19 December 2017. KENDA was founded in 1977 and is an international specialist for dental silicone polishers.
2018
On 10 October 2018, the acquisition of the two companies SciCan (disinfection equipment and hygiene products) and MicroMega (endodontic instruments) is successfully completed. With the integration of the two dental specialists, COLTENE significantly increases group sales and employs around 1,400 people.
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