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        Dentists Industry Profile

        Report Page Length: 10-12
        Last Quarterly Update: 10/18/2021
        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 200,000 dentists working in the industry in 2020. Spending on dental services varies from country to country. In the US, dental spending reached about $49.6 billion in 2020, according to DentistryiQ.

        About 136,000 dentists' offices operate in the US, generating annual revenue of about $126 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. Dentist ...

         
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