Bybo will build new facilities in big cities, and also buy local clinics, but it will not establish any franchises. "We hope to maintain and improve the quality of our service," Li said.
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According to the China Dental Industry Report (2012-14), issued by Researchandmarkets.com, the proportion of adults among orthodontic patients in China has grown from 20 percent a decade ago to 30 percent at present.
The report estimates that the number of false teeth will soar to 500,000 in the coming five years from 100,000 at present.
"Driven by growing awareness of dental health among consumers and the government's decision to promote private hospitals, it is the right time for the partnership to enter the industry," said Wang Xing, president of the Chinese Stomatological Association.
There are currently more than 600 million odontopathy patients in China. Dental implantation in China started about 10 years ago, compared with a history of nearly 50 years in the United States.
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Sky's the limit in healthcare, GE chief says |