Dentists Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/22/2024
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 and its affiliated service marks, Bright Now! Dental, Castle Dental, and Monarch Dental; and Western Dental. International companies include Abano Healthcare (New Zealand), Bupa Dental Care (UK), and OdontoPrev (Brazil).

The American Dental Association (ADA) reported over 160,000 dentists working in the industry in 2021. Spending on dental services varies from country to country. In the US, dental spending reached about $170,000 billion in 2021, according to Dr Bicuspid.

About 140,000 dentists' offices operate in the US, generating annual revenue of about $130 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

Dental non-surgical intervention services account for more than 30% of the industry revenue; followed by dental visits and consultations (about 20%). Other services include restorative dental services, dental consultation and diagnostic services, and preventative dental services, accounting for about 10%, each. ...

 
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