Industry Analysis & Industry Trends
The Dentists industry has benefited from favorable demographic trends, technological advances and mounting awareness of oral hygiene over the past five years. Furthermore, private dental clinics are one of the nation's most profitable industries. Moreover, the industry is less dependent on health insurer reimbursements than the healthcare sector as a whole, due to patients largely paying for dental treatments out of pocket, lowering administrative costs. Profit is expected to over the five years to 2016, due to many practices joining dental practice management companies (DPMCs), which are large companies that provide services for multiple dental offices, lowering operational costs... purchase to read more
Industry Report - Industry Investment Chapter
The Dentists industry has a relatively low level of capital intensity. For each dollar spent on labor, an estimated $0.06 is spent on capital in 2016. Wages account for 37.3% of industry revenue, which can be attributed to the personalized nature of services and the use of trained professionals to provide many services. Dentists require a high level of training and must receive a degree from an accredited dental hygiene school, as well as a state license. Nevertheless, dentists have hired more assistants to perform routine tasks, which has kept wage costs low.
Comparatively, there is limited use of depreciable assets in this industry. However, capital costs are steadily rising... purchase to read more