Industry Analysis & Industry Trends
Industry Report - Industry Analysis Chapter
In the five years to 2012, industry revenue is anticipated to increase at an average annual rate of 2.0% to $49.8 billion. During this period, consistent growth in healthcare expenditures has driven demand for industry services; however, it has also caused dental-care cost inflation. Since 2008, insurers have increased rates in line with the cost inflation due to the price-sensitive nature of their cash-strapped customer base. The economic downturn also caused a decrease in demand from the employer market and put pressure on individual and household incomes. As result, profitability compressed considerably from 2006 to a low in 2009. The recession, pricing uncertainty and stripped-down coverage caused industry growth to slow over the past five years... purchase to read more