Open wide: Increased access to dental care and greater disposable income will boost industry revenue

The Dentists industry has benefited from favorable demographic trends, technological advances and mounting awareness of the importance of oral hygiene over the five years to 2018. Moreover, the industry as a whole is currently receiving more health insurer reimbursements than it has historically, driven by patients having greater access to insurance coverage as a result of healthcare reform. As a result, profitability for clinics improved over the past five years as more patients visited the dentist. The industry shift to dental practice management companies (DPMCs) is expected to enable specialized dentists to group together to provide more in-house services at a single location, thereby bolstering their patient referral volumes...purchase to read more.

Industry Statistics & Market Size
Revenue
$134bn
Annual Growth 13-18
2.5%
Forecast Growth 18-23
Profit
Employment
1.0m
Businesses
183,781
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The rising cost of dental education has further spurred the industry’s trend toward dental practice management companies
  • Dentists will benefit from more health insurance providers stressing the role of oral health
  • More patients are expected be able to afford cosmetic procedures
  • Industry Report - Starting a New Business Chapter

    There are moderate barriers to entry into the Dentists industry. The cost of establishing a new practice ranges from $300,000 to $500,000, which can represent a potential barrier for new players. There are also significant costs for equipping and establishing protocols and systems for a new practice. Although the industry exhibits high profitability, new entrants will have lower margins because it takes time to develop a reputation and build up a consistent patient base. In lieu of private practice, dental management service companies can ease costs for new players, which helps to slightly reduce the barriers to entry.Licensing and regulation create additional barriers to entry into the industry. New...purchase to read more.

    Additional Insights for the Dentists Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dentists Industry are

  • Ensuring pricing policy is appropriate
  • Maintenance of excellent customer relations
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Per capita disposable income in the Dentists industry impact industry performance..

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    What's in this report

    What is the Dentists Industry?

    This industry includes health practitioners with Doctor of Dental Medicine (DMD), Doctor of Dental Surgery (DDS) or Doctor of Dental Science (DDSc) degrees. Industry operators are primarily engaged in the independent practice of general or specialized dentistry or dental surgery. These practitioners operate private or group practices in their own offices (e.g. centers or clinics) or in the facilities of others, such as hospitals or HMO medical centers.

    Industry Products
  • Dental consultations and diagnostic services
  • Preventative services
  • Restorative dental services
  • Prosthodontics (fixed and removable)
  • Orthodontics
  • Surgical oral and maxillofacial services
  • Nonsurgical endodontic services
  • Industry Activities
  • Independent general dental practicing
  • Independent specialized dental practicing
  • Dental surgery
  • Dental examinations
  • Dental treatments
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Per capita disposable income
  • Federal funding for Medicare and Medicaid
  • Total health expenditure
  • Number of adults aged 65 and older

  • Current Performance
  • Opportunities from the aging population
  • Profitability and expanding coverage
  • Innovation and shift toward group practices
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased dental importance
  • Demographic trends
  • Table: Dentists Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dentists Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling

  • Products & Services
  • Restorative dental services
  • Preventative services
  • Dental consultations and diagnostic services
  • Other
  • Prosthodontics (fixed and removable)
  • Orthodontics
  • Surgical oral and maxillofacial services
  • Nonsurgical endodontic services
  • Chart: Dentists Industry Products and Services Segmentation

  • Demand Determinants
  • Tastes and preferences
  • Affordability

  • Major Markets
  • Private insurers
  • Patients' out-of-pocket expenditures
  • Government insurance
  • Other patient care
  • Chart: Major Market Segmentation for the Dentists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Dentists

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dentists Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Dentists Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dentists Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Dental Hygienist
  • A dental professional who specializes in cleaning the teeth by removing plaque, calculus and diseased gum tissue.
  • Dental Practice Management Company (Dpmc)
  • A company that provides administrative and operational services to multiple dental practices.
  • Oral And Maxillofacial Surgeon
  • A facial surgeon responsible for treating a wide variety of dental problems, including the removal of impacted teeth and reconstructive facial surgery.
  • Orthodontist
  • A specially trained dentist who specializes in the development, prevention and correction of irregularities of the teeth, bite and jaws.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dentists Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dentists:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dentists market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dentists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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