Industry Analysis & Industry Trends
Over the past five years, the Dental Services industry has benefited from Australia's ageing and growing population. While many consumers pay for dental check-ups and procedures with their own income, others use private health insurance extras cover to subsidise the cost. Growing private health insurance coverage has therefore stimulated industry growth as patients are more willing to visit their dentist regularly and undergo expensive procedures. Consequently, industry revenue is forecast to rise by an annualised 2.2% over the five years through 2016-17, to reach $9.4 billion. This includes subdued growth of 0.9% over the current year.
The Federal Government has introduced several significant policy changes over the past five years, with varied effects on the industry... purchase to read more
Industry Report - Industry Analysis Chapter
The Dental Services industry has grown over the past five years, as both government and individuals’ expenditure on dental services has increased. In addition, industry revenue has increased due to expanding private health insurance coverage. More consumers have acquired private health coverage, including extras cover, to subsidise dental visits. These visits have largely been for regular preventative work, which benefits the industry as many of these patients may not have visited a dentist without private insurance. Over the five years through 2016-17, industry revenue is forecast to rise by a compound annual rate of 2.2%, to reach $9.4 billion. Revenue is expected to grow by a more subdued 0.9% over 2016-17 due to an uncertain policy environment... purchase to read more