Dental Services in Australia Industry Market Research Report Now Updated by IBISWorld

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Great progress has been made in recent decades in understanding common oral diseases, such as tooth decay and gum diseases. The Australian population is ageing and more Australians are retaining their natural teeth over their lifetime, factors that are promoting demand for dental services. For these reasons, industry research firm IBISWorld has updated its report on the Dental Services industry.

IBISWorld Market Research

IBISWorld Market Research

More frequent check-ups and other preventative work boosts demand for the Dental Services industry

The Australian population is ageing and more Australians are retaining their natural teeth over their lifetime, factors that are promoting demand for dental services. According to IBISWorld industry analyst Nigel Fitzpatrick, ‘the Dental Services industry is expected to generate revenue of $5.51 billion in 2011-12, representing growth of 2.5% from the previous year’. Revenue of dental service businesses in private practice is forecast to grow at an annualised rate of 3.8% in the five years through 2011-12. Industry revenue will be positively affected over this period by an increase in the volume of services rendered (at about 3.0% annually), a shift to more expensive services, and a real increase in the average price per equivalent service. In addition, growth in Medicare funding of dental services will promote industry growth.

Most dental practitioners are employed, or self-employed, in a small privately owned practice. The average firm in this industry is small, with average revenue per firm estimated at just $800,000. Fitzpatrick adds, ‘some specialist dentists may have surgeries in two or more locations, and may also hold hospital appointments’. The Dental Services industry thus has a low level of market share concentration. Dental Corporation is the largest industry player.

In the next five years, growth in demand for dental services will be underpinned by an increase in the rate of retention of natural teeth, increased attention paid to the conservation of teeth, rising household incomes, population growth and ageing of the population. The type of services performed by dentists and dental specialists is expected to change, as the emphasis continues to shift from work on children to adults, from prosthodontic to restorative work, and from restorative to preventative. However, the rising cost of dental care will, if sustained, act to soften growth in demand. Rising costs may also cause governments to reassess how dental services are delivered.

For more information, visit IBISWorld’s Dental Services report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

This class consists of units of registered general or specialist dental practitioners, or dental clinics in which a group of dentists is associated for purposes of carrying on their profession. Dental hospitals providing outpatient services only are also included in this class.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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Gavin Smith
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