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 2020, 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 Investment Chapter
Dental laboratories require substantial amounts of capital investment; however, relatively high labor costs put the industry at a medium level of capital intensity. The average firm in this industry invests about $0.24 in capital for every dollar spent on labor. There is an increasing need for specialized, high-cost equipment in the industry. Competition has encouraged efforts to develop new products, including computerized and 3-D designed and manufactured dental products.
Furthermore, while automation has lowered the industry's employee requirements, specialized employees are still required to provide computer imaging experience, for example. As a result, the skill and training required for this industry's labor force is relatively high... purchase to read more