No gaps: Increasing private insurance coverage has aided industry revenue growth

Over the past five years, the Dental Services industry has benefited from Australia's ageing and growing population. In contrast with other health services, the Dental Services industry is predominantly privately funded. 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 when part of the cost is covered by their insurance. Consequently, industry revenue is forecast to rise by an annualised 3.1% over the five years through 2017-18, to reach $10.6 billion. This includes forecast growth of 2.3%...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 13-18
3.1%
Forecast Growth 18-23
Profit
Employment
37,474
Businesses
15,812
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Growing private health insurance coverage has stimulated industry revenue growth
  • Dental health policy changes have affected the operating environment over the past five years
  • Growing competition is anticipated to increase the pricing pressure on basic dental services
  • Industry Report - Industry Products Chapter

    Dental practitioners primarily treat caries; perform preventative and educative work, and minor specialist treatment; and provide referrals to specialists. Specialist dental service practices include oral surgery and work performed by specialists such as orthodontists, periodontists and endodontists.Preventative and diagnostic servicesPeople most commonly attend the dentist for preventative and diagnostic services, which typically include periodic oral examinations, radiography (e.g. X-rays), teeth cleaning and sealant applications. These are largely provided during regular check-ups. Over the past five years, this segment has grown as a proportion of industry revenue. Thi...purchase to read more.

    Additional Insights for the Dental Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dental Services Industry are

  • Ensuring pricing policy is appropriate
  • Must comply with government regulations
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Demand from health insurance and Median age of the population in the Dental Services industry impact industry performance..

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    What's in this report

    What is the Dental Services Industry?

    The industry includes registered general and specialist dental practitioners. It also includes dental clinics, in which a group of dentists is associated to provide dental services. Dental hospitals providing only outpatient services are also included in the industry.

    Industry Products
  • Restorative services
  • Preventative and diagnostic services
  • Prosthodontics
  • Other specialist services
  • Other services
  • Industry Activities
  • Dental clinic operation
  • Conservative dentistry
  • Dental hospital (outpatient) operation
  • Dental surgery
  • Endodontistry
  • Oral pathology
  • Oral surgery
  • Orthodontistry
  • Periodontistry
  • Prosthodontistry
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from health insurance
  • Median age of the population
  • Real household disposable income
  • Number of dentists per 100,000 people

  • Current Performance
  • Rising participation and profit
  • Improving oral health
  • Changing policy environment
  • Private health insurance
  • Chart: Revenue Growth

  • Industry Outlook
  • Participation

    and profit

  • Private health insurance
  • Table: Dental Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dental Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health Insurance
  • Consumers

  • Key Selling Industries
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceutical Product Manufacturing
  • Pharmaceuticals Wholesaling

  • Products & Services
  • Preventative and diagnostic services
  • Other specialist services
  • Restorative services
  • Prosthodontics
  • Other services
  • Chart: Dental Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 5 to 24
  • People aged 25 to 44
  • People aged 45 to 64
  • People aged 65 and older
  • Chart: Major Market Segmentation for the Dental Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Subcontracting
  • Purchases
  • Rent and other
  • Chart: Cost Structure Benchmarking – Sector vs Dental Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dental Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Dental Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dental Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Caries
  • Tooth decay or cavity.
  • Endodontics
  • An area of specialised dentistry concerning the pulp and tissue surrounding the root of a tooth.
  • Orthodontics
  • An area of specialised dentistry concerning the correction of irregularities of the teeth and jaw.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dental Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dental Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dental Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dental Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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