Melbourne, Australia (PRWEB) November 10, 2012
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. According to IBISWorld industry analyst Nigel Fitzpatrick, “these factors are promoting demand for dental services”. The Dental Services industry in Australia is expected to generate revenue of $6.56 billion in 2012-13, representing growth of 2.5% from the previous year. Industry revenue is expected to grow at an annualised 3.7% in the five years through 2012-13.
The Dental Services industry in Australia has been positively affected over this period by an increase in the volume of services rendered, a shift to more expensive services and a real increase in the average price per equivalent service. Fitzpatrick adds, “growth in Medicare funding of dental services has promoted industry growth”. Industry revenue is forecast to increase over the next five years due to growth in volumes and prices. A growing and ageing population, rising household incomes, will promote industry activity and a lift in government subsidies paid for dental services provided to children.
The largest four operators, including public sector operators, account for a low percentage of market share concentration. The largest industry player is Dental Corporation Holdings. Most dental practitioners are employed, or self-employed, in a privately owned practice. Some specialist dentists may have surgeries in two or more locations, and may hold hospital appointments. The largest players include private consolidators and public dental services, although many public services outsource part of their work to the private sector (and public dental hospitals are not included in the industry).
For more information, visit IBISWorld’s Dental Services report in Australia industry page.
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IBISWorld industry Report Key Topics
This industry includes 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 the industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
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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.