[Asia Economy Reporter Hyunseok Yoo] Ray is showing strong performance. It appears to be influenced by securities firms' analysis that the transparent orthodontic device business will experience high growth in China.
As of 10:20 AM on the 20th, Ray was trading at 48,150 KRW, up 4.56% (2,100 KRW) compared to the previous trading day.
Ray is a specialized digital dental solution company that independently produces and sells from diagnosis to treatment. Its business areas are broadly divided into digital diagnostic systems and digital treatment solutions. The digital diagnostic systems are sold individually or as packages, while the treatment solutions are sold in a turnkey manner.
Jaeyik Park, a researcher at Kiwoom Securities, stated, "Last year, Ray entered China through a Chinese partner and started the transparent orthodontic business. Additionally, they plan to collaborate with Straumann, the global number one implant company, on the production of transparent orthodontic devices." He added, "The Chinese market is experiencing rapid growth in the orthodontic market due to increased interest and consumption in oral care driven by rising middle-class income levels."
He explained, "As the management market is in its early growth stage, demand for digital treatment solutions in emerging Asian countries including China, where there is a shortage of dentists and skilled professionals, is continuously increasing." He continued, "This is attributed to the expansion of the demand base due to the increase in newly opened dental clinics and the reduction of ASP." He further added, "Sales of digital treatment solutions are expected to sharply increase from 2.3 billion KRW in 2017 to 62.8 billion KRW in 2020."
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