Despite of slowdown in domestic and overseas dental industry due to a prolonged recession of the global real economy, we achieved our sales of KRW 460.1 billion in 2018, which is a 33.5 % increase from previous year, by active implementing sales promotions and strong focus on overseas markets.
Osstem has contributed greatly to the development of global clinical implantology and the popularization of dental implants, and is loved by customers around the world because of excellent quality of its products, and the high degree of customer satisfaction. Osstem’s products are now used in more than 70 countries worldwide, including United States, China, Russia, Germany, Japan, India, Australia, and Mexico.
Osstem has continued to grow rapidly based on its headquarters and 27 overseas subsidiaries to become the unparalleled number one in the Asia and Pacific region. It is one of the five largest dental implant companies in the world, and is showing the fastest growth among them.
In particular, we are very successful in the Asian market, which has immense growth potential, and also in the U.S. market, which has the biggest market. In addition, we are continuing to develop future growth engines by launching dental unit chairs and image equipment, such as CBCT & Panorama, and also by releasing bone graft materials and various kinds of dental materials, such as tooth whitening products.
In addition, we have established more powerful global sales network through overseas subsidiaries and dealers which accelerate overseas market penetration, while further strengthening our dominance in domestic market through closer customer management.
This year, Osstem will strive to become a more trusted company, by encouraging all our employees to be equipped with a customer-oriented mind, by strengthening customer relations activities to get closer to customers and help them more quickly, and by vitalizing voice-of-customer (VOC) system & active services for quality improvement.