After Morgan Stanley announced, "Amazon is here" dental supply distributors' shares plummeted, according to CNBC.
Here are six things to know:
1. On Dec. 6, market analyst Steve Beuchaw announced Amazon began buying dental supplies directly from Dentsply Sirona.
2. Amazon's move caused Henry Schein stocks to see a 5 percent drop and Patterson's shares slipped 4.7 percent.
3. Dental products on Amazon's business-to-business portal are sourced directly from manufacturers and third parties, allowing Dentsply Sirona products to resell via Amazon.
4. While dentists can purchase Dentsply Sirona products on Amazon, Amazon is not an aurthorized distirbutor of products maufactured by Dentsply Sirona, according to The Fly. The dental supplies manufacturer also added it has no plans to do business with Amazon in the future.
5. With the ability to acquire dental supplies directly from a manufacture, Amazon has the opportunities to deliver medical devices and products directly to dentists.
6. Many business analysts suspect Amazon will soon enter into the medical or pharmacy supply chain, disrupting distributors like Henry Schein.
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Here are six things to know:
1. On Dec. 6, market analyst Steve Beuchaw announced Amazon began buying dental supplies directly from Dentsply Sirona.
2. Amazon's move caused Henry Schein stocks to see a 5 percent drop and Patterson's shares slipped 4.7 percent.
3. Dental products on Amazon's business-to-business portal are sourced directly from manufacturers and third parties, allowing Dentsply Sirona products to resell via Amazon.
4. While dentists can purchase Dentsply Sirona products on Amazon, Amazon is not an aurthorized distirbutor of products maufactured by Dentsply Sirona, according to The Fly. The dental supplies manufacturer also added it has no plans to do business with Amazon in the future.
5. With the ability to acquire dental supplies directly from a manufacture, Amazon has the opportunities to deliver medical devices and products directly to dentists.
6. Many business analysts suspect Amazon will soon enter into the medical or pharmacy supply chain, disrupting distributors like Henry Schein.
More articles on dental:
Drs. Grace Liu, John Agar & more: 5 dentists making headlines
Dentsply Sirona to pay $1.2M over Iran exports violations: 3 things to know
Pacific Dental Services Foundation raises $61k to support patients with disabilities: 4 key notes