Dentists Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/19/2017
SIC Codes: 8021
NAICS Codes: 6212
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Dentists Industry Profile

Companies in this industry provide general and specialized dentistry services. Major companies include US-based American Dental Partners, Smile Brands Group (Bright Now!, Castle Dental, and Monarch Dental), and Western Dental Services, along with Dental Corporation Holdings (Australia), Oasis Healthcare (UK), and Odontoprev (Brazil).

More than 1 million dentists practice worldwide, according to the World Dental Federation (FDI). Spending on dental services varies from country to country. In the US, dental services account for 4.5% of total health expenditures, compared to 8% in Canada.

About 135,000 dentists' offices operate in the US, generating annual revenue of about $110 billion.

COMPETITIVE LANDSCAPE

Demand for dental services is driven largely by population growth, especially among children ages 5 to 19, who may require prophylactic and orthodontic work, and adults over 55, who may need more specialized dental work. Profitability depends on efficient operations. Large practices have advantages in marketing, purchasing, and being able to offer a wider range of services. Small practices can compete successfully by providing superior service or by focusing on an underserved region. The US industry is highly fragmented: the 50 largest practices generate about 5% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Dentists practicing general dentistry provide amalgam and composite fillings, regular teeth cleanings, cosmetic dentistry, root canals, sealants, and oral surgery. Other services include orthodontics, gum disease treatment, maxillofacial surgery, temporomandibular joint (TMJ) therapy, tobacco cessation and nutrition counseling, crowns and bridges, dentures, and dental implants.

Nonsurgical interventions ...

 
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