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 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