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 - Industry Analysis Chapter
The Dentists industry has benefited from the increase in dental health coverage and advancements in technology. From 2009 to 2011, many individuals curbed their demand for cosmetic procedures, such as implants, to cut their out-of-pocket health expenditures. Further hampering revenue growth, more consumers purchased preventive care items, such as toothpaste that protects tooth enamel, which has slightly lowered their demand for dental care.
According to the National Association of Dental Plans (NADP), layoffs and benefit cutbacks caused national dental plan enrollment to fall 5.7% in 2009, which was the first drop the NADP recorded since 1994... purchase to read more