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 at a compound annual rate of 2.8% over the five years through 2015-16, to reach $9.2 billion.
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 Key Buyers Chapter
The Dental Services industry is characterised by low market share concentration. The industry is largely made up of independent sole proprietors operating small-scale dental practices. The industry is therefore highly fragmented, particularly as only minimal gains can be made from increasing scale. Few companies have expanded to gain significant market share beyond public sector operators. These include Bupa's Dental Corporation, which holds substantial market share. Queensland-based company 1300SMILES is also increasing its market share through innovative dental plans. Concentration has increased in the industry over the past five years due to the growth of these two players. This trend is expected to continue over the next five years... purchase to read more