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 SWOT Analysis Chapter
The Dental Services industry is in the mature phase of its economic life cycle. A number of Federal Government regulatory initiatives that have come and gone over the past five years have not prevented overall slow and steady growth. Such growth continues with Australia's population growth and increased private health insurance coverage, as more consumers have extras cover that can subsidise the cost of dental treatment. However, greater dental health among younger people has reduced demand for costly repair work, as only preventative treatment is required for those practising sound oral care.
Industry value added (IVA) measures an industry's contribution to the overall economy... purchase to read more