Dental health is the key indicator of overall health of a human being. Whenever we experience a toothache, we get nervous about going to the dentist. Having a good smile and healthy teeth leaves a long-lasting positive effect on one’s personality and health as well. According to available data, lip cancer and oral cavity cancer are among the top global cancer’s and due to these sorts of cancer types, around 180,000 people die every year. Sources claim that due to various oral diseases, around 3.5 billion people were affected during the 2017 alone. The dental care industry felt the heat of recession, caused due to coronavirus. The impact was so intense that some of the clinics have been closed while some have gone out of business due to decline in dental customers. There has been a decline of around 38% customers. Meanwhile, as per a report by NASDAQ, the dental healthcare industry grew at Compound Annual Growth Rate of 1.4% during 2020. Things might improve later during 2021 as the coronavirus vaccine has been released by pharma companies for administering to the patients. In this article, you will get an idea about Top 5 Dental Stocks for 2021 as shared by Insider Monkey.
One of the biggest global dental healthcare companies is Envista Holdings Corporation. The company provides consumables, equipment, and services in the dental healthcare industry to professionals. Harris Associates of Natixis Global Asset Management is the biggest investor in the company. As per available data, the total investment amounts to $199 million till September, last year. Since then, the price of stock has gone up by 63%. The company reported an income of $35.6 million or $0.22 per share during the third quarter of the previous year. Another company in this area is Henry Schein. This company is involved in global distribution of dental and medical supplies including vaccines. According to sources, the company recently acquired majority shares of Prism Medical Products, LLC. An investor purchased around 2,000 shares of the company way back in February 2019 and since then, the price of the stock has gone up by 15%. The future of the dental industry is promising owing to the factor that the global economy rebounds and job opportunities are created for the unemployed. There are various other dental companies. You can read more about these companies at 10 Best Dental Stocks to Buy Now.