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

The Dentists industry in New York has benefited from favorable demographic trends, technological advances and mounting awareness of oral hygiene over the past five years. Moreover, the industry is receiving more health insurer reimbursements than before, due to patients having greater access to insurance coverage, improving profitability for clinics as more patients visit the dentist. Over the next five years, the industry shift to dental practice management companies will enable specialized dentists to group together and provide more in-house services, which can bolster patient referral volumes...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
1.4%
Forecast Growth 17-22
Profit
Employment
62,416
Businesses
14,243

Industry Threats & Opportunities

  • Rising levels of per capita personal income and expanded access to dental insurance will boost foot traffic into dental offices
  • An increase in Medicaid funding has underpinned demand for dental services
  • Dental practitioners will become more involved in identifying symptoms of chronic, systemic conditions
  • Industry Report - Starting a New Business Chapter

    Potential entrants to the Dentists industry will face moderate barriers to entry, which primarily stem from the significant capital investments and human resources required. There are also significant costs for a new practice to equip and establish protocols and systems. New entrants are also likely to record lower profit margins because of the time it takes 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 for the industry. In ...purchase to read more.

    Additional Insights for the Dentists in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dentists in New York 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 F405 Number of people with private health insurance in New York and Per Capita Disposable Income in New York in the Dentists in New York industry impact industry performance..

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    What's in this report

    What is the Dentists in New York 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
  • F405 Number of people with private health insurance in New York
  • Per Capita Disposable Income in New York
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older in New York

  • Current Performance
  • Rising foot traffic
  • Expanding coverage
  • Innovation and efficiency
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand picks up
  • Healthcare reform
  • Changing industry landscape
  • Table: Dentists in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dentists in New York 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 in New York Industry Products and Services Segmentation

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • 1st Advantage Dental, American Dental, Aspen Dental Management Inc., Great Expressions Dental Centers, Western New York Dental Group,
  • Table: 1st Advantage Dental - financial performance
  • Table: American Dental - financial performance
  • Table: Aspen Dental Management Inc. - financial performance
  • Table: Great Expressions Dental Centers - financial performance
  • Table: Western New York Dental Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dentists in New York 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 York Industry
    Includes:
  • 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 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.
  • 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 research report on Dentists in New York can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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