Comparing the current results to its competitors, Remedent Inc reported Revenue increase in the 3 quarter 2020 by 28.77 % year on year. The sales growth was above Remedent Inc 's competitors' average revenue growth of 8.97 %, achieved in the same quarter.
Remedent Inc 's Comment on Competition and Industry Peers
GlamSmile . Our competition consists of both alternative procedures that can be
performed to achieve in part the results that would be achieved through a GlamSmile
procedure, as well as competition from dentists not within the GlamSmile network
who provide veneer procedures. With regard to alternative procedures, options
available to the consumer include various whitening procedures, dental implants,
dental bonding and dental caps. With the exception of whitening procedures, which
for the most part cannot address many of the dental issues solved by GlamSmile
veneers, the remaining alternatives all involve more cost, more patient discomfort
and more time to complete. There are many dental practitioners that perform traditional
veneer procedures. In most cases, traditional veneers will also be significantly
more costly then GlamSmile veneers and require the dentist to remove more of the
existing tooth material as well as requiring multiple patient visits to complete.
That said, there will be existing practitioners that believe they can attain more
customized results with the individual veneer approach as opposed to the GlamSmile
tray approach and may be reluctant to offer our less costly procedure. To the
best of our knowledge, GlamSmile will be “first to market” with respect
to a direct to consumer advertising and promotion campaign for veneers anywhere
which should enable us to capture market share in what we believe will be a rapidly
growing market. Further, we have filed for patents on our proprietary tray delivery
systems and have developed years of knowhow relating to treating patients with
the multiple veneer approach. However, new technologies are continue to be developed
and new processes could be designed that would not violate our patents and result
in similar solutions that could compete with GlamSmile products. Because we are
uniquely positioned to have the ability to control the entire process from manufacturing
to marketing to distribution, we believe it is feasible for us to have complete
control and flexibility to maximize margins and respond aggressively to any competitive
situation.
Church and Dwight Co Incs business model revolves around the manufacturing, marketing, and sales of a diverse array of consumer and specialty products. The company prioritizes the development and maintenance of a trusted portfolio of brands that address various consumer needs, encompassing personal care, household, and healthcare sectors. By focusing on innovation, quality, and cost-efficiency, Church and Dwight seeks to provide value to customers while promoting sustainable growth and profitability.
Colgate-Palmolives business model centers on the production and distribution of personal care, oral care, and household products, emphasizing brand loyalty, innovation, and global reach to serve diverse consumer needs.
The Clorox Companys business model centers on producing and marketing diverse consumer and professional cleaning, hygiene, and personal care products. They prioritize high-quality, innovative solutions that address customer needs across various segments.
Johnson & Johnson operates as a multinational healthcare company with a diversified business model that spans pharmaceuticals, medical devices, and consumer health products. By focusing on innovation and strategic acquisitions, the company aims to improve global health and well-being.
Procter and Gamble Co. operates a business model centered on delivering consumer packaged goods through a diverse portfolio of brands in categories including personal care, cleaning agents, health care, and pet care. The company emphasizes innovation, leveraging advanced research and development to create new products while investing in strong brand building to foster consumer loyalty. Efficient supply chain management ensures that P&G can respond effectively to market demands and maintain its competitive edge in the industry.
Sources:
Remedent Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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