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 Analysis Chapter
During the past five years, the Dental Laboratories industry exhibited growth, driven by an increase in the number of individuals with private health insurance. According to Delta Dental, 65.0% of Americans visit their dentist each year, which has spurred demand for industry products, including cosmetic and other elective procedures. Nevertheless, many consumers have implemented better preventive care at home, slightly constraining industry revenue growth as consumers required fewer industry products.
However, during the five years to 2015, industry revenue is expected to grow at an annualized rate of 2.6% to $5.3 billion, including a 1.2% jump in 2015 due to robust need-based demand from the burgeoning elderly population... purchase to read more