Overview

Healthy growth: Despite increasing competition, rising demand has revenue and profit on the rise

IBISWorld’s Dental Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth
2012 - 2017
3.5%
Annual Growth
2017 - 2022
Profit
Employment
35,600
Business
13,525

Industry Analysis & Industry Trends

Over the past five years, the Dental Services industry has benefited from Australia's ageing and growing population. In contrast to 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 3.5% over the five years through 2016-17, to reach $10.1 billion. This includes forecast growth of 1.4%...

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Industry Report - Industry Investment Chapter

The Dental Services industry is characterised by low capital intensity. IBISWorld estimates that industry operators invest $0.08 in capital for every dollar spent on wages. The large disparity between wage costs and capital outlay is due to the high wages attained by dental practitioners. Dentists are highly educated and command a premium for the services they provide. Wage costs can also be understated in some cases, as sole proprietors often draw their personal income from profit rather than wages. Capital investment in dental practices remains significant, with practices having to invest in diagnostic equipment, drills, lasers, implements and chairs. Capital intensity is projected to remain stable over the next five years.

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Industry Products

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

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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