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. However, better preventive care has slightly suppressed industry revenue growth. Limited patient access to dental care, due to nearly one-half of states in the United States only covering emergency dental care for Medicaid patients, has caused some dentists to lower prices and cut into profitability. Dental practice management companies are expected to characterize the industry landscape over the next five years, as more dentists move away from operating as sole practitioners to reduce operating costs... 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 from $300,000 to $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 slightly reduce the barriers to entry.
Licensing and regulation create additional barriers to entry into the industry... purchase to read more