Business Alert at 9:00am With CVA – Growth Industry – Part 2
Growth Industry – Part TWO
To continue on from last weeks’ alert; Dentistry is an industry in Australia with no major players. While the industry is anticipated to remain highly fragmented over the next five years, a growing number of dentists will likely join corporate dental groups. Furthermore, industry concentration is forecast to increase slightly over the period, as larger operators continue to expand.
Continued demand for dental services from older Australians, higher oral health standards and a preference for retaining natural teeth are anticipated to support industry growth over the next five years.
In addition, demand for cosmetic and restorative dental procedures is also projected to increase over the period.
Households’ disposable incomes could affect demand as many perceive some dental treatments as costly and deferrable but all in all, the industry is looking bright.
In conclusion, Dentistry is a great industry to keep a close eye on and we look forward to working with you throughout this growth period.
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