Industry Analysis & Industry Trends
Great progress has been made over the past few decades in understanding common oral diseases, such as tooth decay and gum diseases, which has helped pave the way for the expansion of the Dental Services industry. The ageing and growth of the Australian population and the trend for people to retain their natural teeth are key factors promoting the ongoing demand for dental services. The bulk of industry revenue is derived from the provision of general dental services, including restorative, preventative and diagnostic services. The Dental Services industry is forecast to generate revenue of $9.4 billion in 2013-14, representing growth of 4.4% from the previous year.
Over the five years through 2013-14, industry revenue is expected to grow at an annualised 4.7%... purchase to read more
Industry Report - Industry Investment Chapter
There is low level of capital intensity in this industry. There is limited use of fixed assets (although it appears to be increasing) comprising diagnostic equipment, drills, lasers, implements and chairs. The personalised nature of services and the use of highly trained professionals to provide these services, cause labour costs to be high. Consequently, for every dollar spent on capital, IBISWorld estimates that $19.00 is spent on directly related labour. Labour costs rise further when subcontracting activities are taken into account... purchase to read more