Industry Analysis & Industry Trends
Economic pressures brought on by the recession have made it more difficult for patients to afford or justify higher-priced cosmetic procedures and the products created and customized by firms in the $4.3-billion Dental Laboratories industry, and revenue dropped in the past five years. Nevertheless, rapid technological changes have helped dental laboratories evolve and have increased long-term demand for their services. Revenue growth is expected to pick up in the five years to 2017 as healthcare reform legislation increases the number of insured Americans, the job market improves and the large baby-boom population ages.... purchase to read more
Industry Report - Starting a New Business Chapter
There are several barriers that deter entry to this industry, including heavy regulation, moderate investment costs, a high level of competition and a fast rate of technological change. The industry is capital intensive. In addition to acquiring, maintaining and updating specialized technical equipment, companies must have access to competitively priced raw materials like nonferrous materials. At the same time, companies entering the industry require a workforce that is specialized in dental equipment production.
Industry firms also need research and development teams to develop new technologies that are essential to being competitive. Government policy is another barrier for new entrants... purchase to read more