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 more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
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 Key Buyers Chapter

    The Dental Services industry is characterised by low market share concentration. The industry is largely made up of independent sole proprietors operating small-scale dental practices suggesting a cottage industry. The industry is therefore highly fragmented.However, the industry has been gradually changing in the wake of increased corporate activity over the past five years. The industry now has several ASX listed companies keen to gain scale via either acquisition or the rollout of new dental centres. Over the past five years several of the larger operators have sought to establish branded businesses with a competitive advantage in size, scale and reputation. As a result of such activities, concentration has increased in the industry over the past five years. 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..

    shopping_cartPURCHASE OPTIONS

    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
  • 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
  • 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 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.

    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.

    Contact Us

    Want to speak to a representative? Call us.