Industry Analysis & Industry Trends
Economic pressures brought on by the recession made it more difficult for patients to afford or justify higher-priced cosmetic procedures and products, leading to declines in industry revenue. Over the five years to 2019, however, industry revenue is forecast to grow thanks to the burgeoning elderly population demanding industry services and healthcare providers stressing the importance of dental services.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Dentists Laboratories industry is in the growth stage of its life cycle. During the 10 years to 2019, IVA, or the industry's value added to the overall economy, is anticipated to grow at an annualized rate of 3.1%. Comparatively, GDP is expected to grow at an average annual rate of 2.7% during the period. The industry growing at a faster pace, compared with GDP, is indicative of an industry in the growth life cycle stage, which can be attributed to growing awareness of the prevalence of dental healthcare.
Demand for orthodontics and other corrective work, both elective and nonelective, has been positively affected by a growing number of consumers who are retaining their natural teeth for much longer... purchase to read more