Dental Practices in the UK Industry Market Research Report now updated by IBISWorld

Share Article

Great progress has been made in the past 50 years in understanding, and acting upon, common oral diseases such as tooth decay and gum disease. This has resulted in more people retaining their natural teeth over their lifetime, a factor promoting demand for dental services. Most firms in the industry are small, with average revenue per firm estimated at just £620,000 in 2012-13. However, the industry has started to consolidate, resulting in an increase in average revenue per firm. Industry revenue is expected to decrease by 0.5% per annum in the five years through 2012-13. There will be growth in the volume of National Health Service (NHS) dental services rendered due to several factors, including a long-term increase in the proportion of the population retaining their natural teeth; an increase in the awareness of, and willingness to spend on, personal appearance; and an expansion of NHS dental services. However, government budget austerity since 2009-10 has however resulted in a real decrease in NHS contract values per unit of activity. In addition, growth in spending on private dental services has slowed since the economy weakened in 2008-09. Industry revenue is forecast to increase the next five years to 2017-18 underpinned by a growing and ageing population, an increase in the incidence of retention of teeth, and an increasing understanding of the relationship between wellness and dental health. There will also be an increase in demand for services that may be viewed as elective, such as services that address improvements in self-esteem and quality of life. Improved economic conditions should promote growth in demand for private dental services. For these reasons, industry research firm IBISWorld has updated its report on the Dental Practices industry.

IBISWorld Market Research

IBISWorld Market Research

The industry fills a need for dental care and will continue to fare well

Great progress has been made in the past 50 years in understanding, and acting upon, common oral diseases such as tooth decay and gum disease. This has resulted in more people retaining their natural teeth over their lifetime, a factor promoting demand for dental services. Most firms in the Dental Practices industry are small, with average revenue per firm estimated at just £620,000 in 2012-13. However, the industry has started to consolidate, resulting in an increase in average revenue per firm. Industry revenue is expected to decrease by 0.5% per annum in the five years through 2012-13. There will be growth in the volume of National Health Service (NHS) dental services rendered due to several factors, including a long-term increase in the proportion of the population retaining their natural teeth; an increase in the awareness of, and willingness to spend on, personal appearance; and an expansion of NHS dental services. According to IBISWorld industry analyst Nigel Fitzpatrick, “government budget austerity since 2009-10 has however resulted in a real decrease in NHS contract values per unit of activity”. In addition, growth in spending on private dental services has slowed since the economy weakened in 2008-09.
Industry revenue is forecast to increase the next five years to 2017-18. Fitzpatrick adds, “this growth will be underpinned by a growing and ageing population, an increase in the incidence of retention of teeth, and an increasing understanding of the relationship between wellness and dental health”. There will also be an increase in demand for services that may be viewed as elective, such as services that address improvements in self-esteem and quality of life. Improved economic conditions should promote growth in demand for private dental services.
The four largest firms in the Dental Practices industry are expected to account for about 8.4% of industry revenue in 2012-13. This means that the industry has a low level of market share concentration. However, industry concentration is increasing. Major companies include Carlyle Group & Palamon Capital Partners, Duke Street Capital Oasis and Dr D J Hull & Associates.
For more information on the Dental Practices industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

This industry includes health providers that practice general or specialised dentistry or dental surgery. These practitioners operate private or group practices in their own offices or in the facilities of others, such as in hospitals.
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
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 many UK industries. 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 London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 3008 6568.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Gavin Smith
Visit website