Overview

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

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.

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 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 for basic dental services

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    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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    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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    New Zealand Special Report

    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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Government policies
  • Private health insurance
  • Table: Dental Services Industry Revenue Outlook

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

  • Products & Markets
    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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Subcontracting
  • Purchases
  • Rent and other expenses
  • 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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Dental Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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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