The Dentists industry has benefited from favorable demographic trends, technological advances and mounting awareness of oral hygiene over the past five years. Furthermore, private dental clinics are one of the nation's most profitable industries. Moreover, the industry is less dependent on health insurer reimbursements than the healthcare sector as a whole, due to patients largely paying for dental treatments out of pocket, lowering administrative costs. Profit is expected to over the five years to 2016, due to many practices joining dental practice management companies (DPMCs), which are large companies that provide services for multiple dental offices, lowering operational costs. DPMCs will enable specialized dentists to group together and provide more in-house services, which can bolster their patient referral volumes. In addition, DPMCs are expected to characterize the industry landscape over the next five years, as the industry contends with the shortage of dentists, particularly in rural and highly populated areas. However, industry revenue is forecast to grow over the next five years, as the burgeoning elderly population requires more dentistry services.
This industry includes health practitioners with Doctor of Dental Medicine (DMD), Doctor of Dental Surgery (DDS) or Doctor of Dental Science (DDSc) degrees. Industry operators are primarily engaged in the independent practice of general or specialized dentistry or dental surgery. These practitioners operate private or group practices in their own offices (e.g. centers or clinics) or in the facilities of others, such as hospitals or HMO medical centers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.