Pearly whites: Incomes are expected to grow robustly, boosting industry demand

The Dentists industry in New Jersey is expected to expand at a healthy pace over the five years to 2018, with revenue forecast to grow at an annualized rate of 1.5% to $4.2 billion. The industry as a whole is characterized by a low level of market concentration, reflecting national level trends. During the five-year period to 2018, the industry benefited from rising per capita disposable income in New Jersey, higher per capita dental spending relative to the national average and a low rate of uninsured individuals. According to the latest available data from the US Census, less than 8.0% of the state's population is uninsured. Furthermore, according to data from the Henry J...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
1.5%
Forecast Growth 18-23
Profit
Employment
33,632
Businesses
6,555

Industry Threats & Opportunities

  • Industry operators in the state are expected to continue to benefit from rising per capita income
  • Additional Insights for the Dentists in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dentists in New Jersey 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 Number of people with private health insurance in New Jersey in the Dentists in New Jersey industry impact industry performance..

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    What's in this report

    What is the Dentists in New Jersey 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
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance in New Jersey
  • Per Capita Disposable Income in New Jersey
  • Number of adults aged 65 and older
  • Total health expenditure

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dentists in New Jersey 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
  • Other
  • Dental consultations and diagnostic services
  • Orthodontics
  • Prosthodontics (fixed and removable)
  • Surgical oral and maxillofacial services
  • Nonsurgical endodontic services
  • Chart: Dentists in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Out-of-pocket
  • Private insurance
  • Government insurance
  • Other patient care
  • Chart: Major Market Segmentation for the Dentists in New Jersey Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Dentists in New Jersey

  • Basis of Competition
    Barriers to Entry
    Brighter Dental Care, Rutgers School of Dental Medicine, Dental Solutions, Great Expressions Dental Centers,
  • Table: Brighter Dental Care - financial performance
  • Table: Rutgers School of Dental Medicine - financial performance
  • Table: Dental Solutions - financial performance
  • Table: Great Expressions Dental Centers - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dentists in New Jersey 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 New Jersey Industry
    Includes:
  • Industry Revenue (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
    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 dentist practices.
  • Dental Service Organizations (Dsos)
  • Dental service organizations (DSOs) contract with dental practices to provide critical business management and support including non-clinical operations.
  • 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 Industry Market Report on Dentists in New Jersey is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 in New Jersey:
    • 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 New Jersey 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 New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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