Industry Analysis & Industry Trends
The Dental Services industry is underpinned by out-of-pocket payments from individuals, which have contributed to relatively steady revenue growth over the five years through 2014-15. While industry operators do not receive substantial government assistance, they profit from private health benefits being paid out. Many consumers have been able to reduce their out-of-pocket payments by taking up private health insurance extras cover over the past five years, which generally includes dental services. Australia's growing and ageing population has also contributed to industry revenue growth of a compound annual 1.5% over the past five years... purchase to read more
Industry Report - Industry Analysis Chapter
The Dental Services industry has undergone continued steady growth over the past five years despite varying government policies during the period and improved oral health among the population. The CDDS provided a significant injection of funding to the industry but ended abruptly in December 2012, while the MTDP ended in December 2013. These policies have been replaced by the former Gillard Government's Dental Health Reform Package (DHRP). It was outlined in the 2012-13 Federal Budget and is targeted towards those without the means to pay for dental treatment.
Continued industry revenue growth has also been the result of increasing private health insurance coverage, as more consumers have taken up extras cover to subsidise dental visits... purchase to read more