Industry Analysis & Industry Trends
The ageing and growth of Australia's population has benefited the Dental Services industry over the past five years, particularly older people who 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 stimulated industry growth 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% over the five years through 2014-15, to reach $9.4 billion... 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 increased considerably, despite varying government policies and improved oral health among the population. The Chronic Disease Dental Scheme (CDDS) provided a significant injection of funding to the industry but ended abruptly in December 2012, while the Medicare Teen Dental Plan (MDTP) ended in December 2013. These policies have been replaced by the Dental Health Reform Package (DHRP). This package was outlined in the 2012-13 Federal Budget and is targeted at those without the means to pay for dental treatment.
In addition to government funding growth, industry revenue has increased due to expanding private health insurance coverage... purchase to read more