Industry Analysis & Industry Trends
Over the past five years, growth in the Dental Services industry has been underpinned by out-of-pocket payments from individuals. Australia's growing and ageing population has benefited the industry, particularly as older people are becoming increasingly likely to have practised sound oral care in their younger years and still retain their natural teeth. While many consumers have paid for dental check-ups and procedures with their own income, others have used private health insurance extras cover to subsidise the cost. Growing private health insurance coverage has therefore benefited the industry as patients are willing to visit their dentist more regularly and undergo more expensive procedures. Consequently, industry revenue is forecast to rise by a compound annual rate of 2.1%... purchase to read more
Industry Report - Industry Analysis Chapter
The Dental Services industry has grown over the past five years as individuals' expenditure on dental services has grown considerably, although government policies have varied and oral health among the population has improved. The CDDS provided a significant injection of funding to the industry but ended abruptly in December 2012, while the MDTP ended in December 2013. These policies have been replaced by the DHRP. This package was outlined in the 2012-13 Federal Budget and is targeted towards those without the means to pay for dental treatment.
The industry's revenue growth has also been due to increasing private health insurance coverage. More consumers have acquired private health coverage, including extras cover, to subsidise dental visits... purchase to read more