Analysts at Northcoast Research have released an update on the Dental industry. According to a research conducted by analysts, the North American dental product sales through distributors decreased 1.5% year-over-year in the fourth quarter.
Analysts expect dental equipment sales to decline 5.2% year-over-year. The dental consumable sales are expected to increase 0.5% in the quarter. According to analysts, dental consumable sales have benefited from stronger procedure volume trends and favorable exchange rates. Analysts expect dental sales to increase 2%-3% in 2010.
According to analysts, the North American dental market turned positive in December and has remained strong in the early part of this year. Analysts at Northcoast Research have a Buy rating for Henry Schein, Inc. (NASDAQ: HSIC), Patterson Companies, Inc. (NASDAQ: PDCO), Sirona Dental Systems, Inc. (NASDAQ: SIRO), DENTSPLY International, Inc. (NASDAQ: XRAY), and Align Technology, Inc. (NASDAQ: ALGN).
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