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\nNew York, NY (PRWEB) March 15, 2015 <\/p>\n
\nNew York, NY (PRWEB) March 15, 2015 <\/p>\n
Over the past five years, the Dentists industry<\/a> has exhibited growth despite a slight decline in dental expenditures per capita. According to data from the Canadian Institute for Health Information, per capita expenditures for dental services marginally declined, which has slightly cut into the industry’s growth. Nevertheless, dental care still accounts for the second-largest share of private-sector medical spending. Among private-sector dental practices, individuals covered almost half of their dental care out-of-pocket. As a result, dental practices had lower administrative costs compared with the healthcare sector as a whole due to having to secure fewer reimbursements from health insurance providers.<\/p>\n
<\/p>\n Still, according to 2009 data (latest available) from Health Canada’s Canadian Health Measures Survey, about one-third of Canadians did not have dental insurance, which has posed a barrier to dental care for many Canadians. IBISWorld Economic Analyst Sarah Turk says in the updated report \u201cfurthermore, some provinces and territories had a very low dentist-to-patient ratio, which limited some Canadians’ access to dental care services.\u201d According to 2013 data (latest available) from the Canadian Dental Association, some provinces, such as Newfoundland, New Brunswick and Saskatchewan, had significantly higher population to dentist ratios, compared with the Canadian average. Over the five years to 2015, industry revenue is anticipated to grow. Profit is expected to increase, due to the emergence of more multi-practitioner, group dental practices, which has enabled dentists to generate more in-house referrals, by providing general and specialized dentistry, and lower fixed operational costs.<\/p>\n
<\/p>\n Over the coming years, the burgeoning elderly population will spur demand for restorative, cosmetic, periodontal and orthodontic care. \u201cFor example, as this demographic keeps their natural teeth longer, thanks to the advent of new medical technologies, this trend will provide a boost to the industry,\u201d Turk says in the updated report. In the five years to 2020, industry revenue is forecast to grow.<\/p>\n
<\/p>\n For more information, visit IBISWorld\u2019s Dentists in Canada industry report page.<\/p>\n
<\/p>\n Follow IBISWorld on Twitter: https:\/\/twitter.com\/#!\/IBISWorld<\/a>
<\/p>\n IBISWorld industry Report Key Topics<\/p>\n
<\/p>\n This industry comprises establishments of licensed dentists primarily engaged in the private or group practice of general or specialized dentistry or dental surgery. Offices of dentists, especially walk-in centres that accept patients without appointment and that often have extended office hours, are sometimes called clinics or dental centres.<\/p>\n
<\/p>\n Industry Performance
<\/p>\n About IBISWorld Inc.
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Friend IBISWorld on Facebook: http:\/\/www.facebook.com\/pages\/IBISWorld\/121347533189<\/a><\/p>\n
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Executive Summary
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Key External Drivers
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Current Performance
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Industry Outlook
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Industry Life Cycle
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Products & Markets
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Supply Chain
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Products & Services
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Major Markets
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Globalization & Trade
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Business Locations
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Competitive Landscape
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Market Share Concentration
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Key Success Factors
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Cost Structure Benchmarks
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Barriers to Entry
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Major Companies
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Operating Conditions
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Capital Intensity
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Key Statistics
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Industry Data
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Annual Change
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Key Ratios<\/p>\n
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Recognized as the nation\u2019s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian 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 Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http:\/\/www.ibisworld.com<\/a> or call 1-800-330-3772.<\/p>\n
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