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《瑞信-美股-医疗行业-牙医调查显示：COVID-19背景下牙医需求量的下降并不令人意外-2020.4.17.pdf》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、17April2020EquityResearchAmericas
2、UnitedStatesDentalUpdateSurveySays:DentalDemandUnsurprisinglyDeterioratesonCOVID-19DynamicsLifeScienceToolsandDiagnostics
3、ChannelCheck1QDentalPracticeVolume,RevenueGrowthSinksonCOVID-19:AccordingtoourResearchAnalystsproprietarysurveyof75USde
4、ntalpractitioners,72%ofpracticesexperiencedgreaterthan5%declinesinrevenuein1Q,withrevenuelikelyfallingmorethanour4.5%ErinWilsonWrightweightedaverageestimate,ameaningfuldeteriorationfromour4Qsurvey(+1.1%)on2125384080COVID-19.Routinevisits(-3.1%)wasthemostmeaningfuldriverofpra
5、cticerevenueerin.wright@credit-suisse.comdeclines,followedbycosmeticprocedures(-3.0%),preventative(-3.0%),andorthodonticsKatieTryhane(-2.8%),particularlyunsurprisingfollowingADA/AAO/CDCrecommendationstodefer2123252713electivedentalproceduresinlightofthepandemic.Respondentsre
6、maincautiousgoingkatie.tryhane@credit-suisse.comforward,with96%ofrespondentsexpectingadeclineinpracticerevenuein2Qand89%HaleyChristofidesexpectingadeclineinrevenueovertheNTM,wherethedurationandlongerterm2123253720implicationsofCOVID-19remainlargelyunknown.Whilewewereprevious
7、lyencouragedhaley.christofides@credit-suisse.combyaseeminglystabilizingdentaldemandoverthepastseveralquarters,thepandemichasclearlydrivenameaningfuldeteriorationacrossthedentalmarket,consistentwithQTDMatthewUrbik2123252152commentaryfromindustryconstituents.matthew.urbik@cred
8、it-suisse.comGreaterContextonCOVID-19Dynamics(43%ofpracticesclosed):Inordertobetterunderstandtheimpactofcoronavirus,weaskedourrespondentstowhatextenttheyarestilltreatingpatients,ifatall.Unsurprisinglyalmosthalf(43%)havefullyclosedtheirpractices,while57%arestilltreatingpatien
9、ts,albeitonamorelimitedbasis,withmostonlyprovidingemergencyservices,seeminglyinlinewithaforementionedrecommendationsfromhealthorganizations.Inthisenvironment,practitionersarewillingtotreatpatientswhoareinseverepainorwhomaybeatriskofsustainingsignificantlongtermadverseailment
10、s,asubstantiallymorelimitedscopeofofferingsthanpractitionerswouldofferinano
