Big smile: The shift to dental service organizations will benefit the industry

Thanks to favorable demographic trends, technological advances and mounting awareness of oral hygiene, the Dentists industry in Illinois performed strongly over the five years to 2017. While an increase in health insurer reimbursements has benefited the industry, many dental clinics have opted to join dental service organizations in an effort to further increase overall profitability. Furthermore, as costs for dental education continue to increase, more dental students are graduating with greater debt. Due to rising educational costs and the significant capital investment to start a solo practice, many new entrants to the industry are attracted to the DSO model...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Many dental clinics have opted to join dental service organizations in an effort to increase overall profitability
  • Many offices offer third-party financing options, boosting sales for out-of-pocket services
  • More patients will be able to afford cosmetic procedures and other out-of-pocket expenditures
  • Industry Report - Industry Key Buyers Chapter

    The industry is highly fragmented, due to dentists needing to operate their facilities in proximity to their patients' homes, which prevents any major company from dominating the industry. The four largest dentist offices are expected to account for less than 4.0% of industry-relevant revenue in Illinois. According to the American Dental Association (ADA), group practices make up just 5.0% of total dental practices, though this figure is projected to significantly rise over the next five years. Despite this projection, information on the various types of group companies is lacking. More studies are needed to fully understand the significance of dental practices transitioning to group practices, as the US Census does not provide a breakdown of revenue by type of group dental practice. Gro...purchase to read more.

    Additional Insights for the Dentists in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dentists in Illinois 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 Federal funding for Medicare and Medicaid and Consumer Spending in Illinois in the Dentists in Illinois industry impact industry performance..

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    What's in this report

    What is the Dentists in Illinois Industry?

    This industry includes health practitioners with Doctor of Dental Medicine, Doctor of Dental Surgery or Doctor of Dental Science 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 in Illinois.

    Industry Products
  • Dental consultations and diagnostic services
  • Preventative services
  • Restorative dental services
  • Prosthodontics (fixed and removable)
  • Surgical and maxillofacial services
  • Dental nonsurgical 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
  • Federal funding for Medicare and Medicaid
  • Consumer Spending in Illinois
  • Number of people with private health insurance in Illinois
  • Total health expenditure in Illinois

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

  • Industry Outlook
  • Healthcare reform
  • Shifting to the group model
  • Table: Dentists in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dentists in Illinois 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
  • Dental nonsurgical services
  • Restorative dental services
  • Preventative services
  • Dental consultations and diagnostic services
  • Prosthodontics (fixed and removable)
  • Surgical and maxillofacial services
  • Chart: Dentists in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Private insurers
  • Medicaid
  • Medicare
  • Patients' out-of-pocket expenditures
  • Other public insurance
  • Chart: Major Market Segmentation for the Dentists in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Dentists in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dentists in Illinois Industry

  • Dental service organizations, Aspen Dental Management Inc., Dental schools in Illinois, Dental Works, Familia Dental,
  • Table: Dental service organizations - financial performance
  • Table: Aspen Dental Management Inc. - financial performance
  • Table: Dental schools in Illinois - financial performance
  • Table: Dental Works - financial performance
  • Table: Familia Dental - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dentists in Illinois 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 in Illinois Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dental Hygienist
  • A dental professional who specializes in cleaning the teeth by removing plaque, calculus and diseased gum tissue.
  • Dental Service Organization (Dso)
  • A company that provides administrative and operational services to multiple dentist 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?

    The Dentists in Illinois industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Dentists in Illinois:
    • 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 in Illinois 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 in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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