Industry Analysis & Industry Trends
The Dental Services industry has benefited over the past five years from Australia's ageing and growing population. While many consumers pay for dental check-ups and procedures with their own income, others use private health insurance extras cover to subsidise the cost. Growing private health insurance coverage has therefore stimulated industry growth as patients are more willing to visit their dentist regularly and undergo expensive procedures. Consequently, industry revenue is forecast to rise by 3.5% annualised over the five years through 2015-16, to reach $9.6 billion.
Several significant Federal Government policy changes have been introduced over the past five years, with varied effects on the industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Dental Services industry is in the growth phase of its economic life cycle. Numerous Federal Government regulatory initiatives have been introduced over the past five years have stimulated strong growth. Industry expansion has also been driven by overall 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