Industry Analysis & Industry Trends
The Dentists industry is resilient and expected to benefit from improving dental care insurance coverage. The industry performed well during the recession and is expected to continue benefiting from favorable demographic trends, improvements in technology and mounting awareness of the importance of oral hygiene. In contrast, the cost of dental education has soared, weighing dental graduates down with debt that has hindered them from starting practices. Rapid advancements in technology are also making it very expensive to outfit a dental office. These factors have led to the growth of dental management practice companies, which reduce overhead... purchase to read more
Industry Report - Starting a New Business Chapter
There are moderate barriers to entry into the Dentists industry. The cost of establishing a new practice ranges between $300,000 and $500,000, which represents a potential barrier for new players. There are also significant costs for equipping and establishing protocols and systems for a new practice. Although the industry exhibits high profitability, new entrants will have lower margins because it takes time to develop a reputation and build up a consistent patient base. However, dental management service companies can ease costs for new players, which helps to reduce the barriers to entry slightly.
Licensing and regulation create additional barriers to entry into the industry... purchase to read more