Biting back: Industry revenue is forecast to expand in the future despite recent declines

The Dental Practices industry has born the negative effects of major cuts to state funding enacted in 2010. In response to financial pressure on the Health Service Executive (HSE), public provision of dental care for medical card holders was downsized, with many treatments now only available in emergency circumstances. In response, demand for preventative dental services has declined noticeably, while incidences of tooth extractions and other emergency work has risen. Though cuts to the public sector have in part benefited private-sector practitioners, the overall effect has been a decline in attendance as patients have chosen to simply forgo medical treatment until absolutely necessary...read more.

Industry Statistics & Market Size
Revenue
£843.6m
Annual Growth 13-18
-2.1%
Forecast Growth 18-23
Profit
Employment
6,655
Businesses
867
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Demand for preventative work has declined over the past five years, putting pressure on revenue
  • Consolidation activity has occurred as companies seek to benefit from economies of scale
  • The ageing population is expected to support demand for the industry over the next five years
  • Industry Report - Industry Investment Chapter

    The industry has a low level of capital intensity, combining high labour inputs with modest capital inputs. IBISWorld estimates that for every €1.00 operators spend on capital investment, €11.26 is spent on wages. Labour costs are estimated to account for 46.2% of industry revenue while depreciation expenses make up 4.1%. This reflects the importance of human labour in health-care services. Dentists are extensively trained and are expected to be highly skilled and knowledgeable, with multiple years spent in higher education at a considerable cost to the individual. Dentists therefore command high wages.Spending on dental equipment is also considerable, boosting capital costs. Dental chairs, radiograph equipment and other tools of the dental trade tend to be costly. Lab...purchase to read more.

    Additional Insights for the Dental Practices Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dental Practices Industry are

  • Ensuring pricing policy is appropriate
  • Having a good reputation
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Private healthcare expenditure and Public healthcare expenditure in the Dental Practices industry impact industry performance..

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    What's in this report

    What is the Dental Practices in Ireland Industry?

    This industry includes health providers that practice general or specialised dentistry or dental surgery. These practitioners operate private or group practices in their own offices or in alternative facilities, such as hospitals.

    Industry Products
  • State-funded care
  • Care provided through private insurance
  • Care provided through out-of-pocket payments
  • Industry Activities
  • Practising general dentistry
  • Practising specialised dentistry
  • Performing dental surgery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private healthcare expenditure
  • Public healthcare expenditure
  • Population aged 65 years and over
  • Perceived health

  • Current Performance
    Funding cavitiesAppetite for acquisitionLabour force decay
  • Chart: Revenue Growth

  • Industry Outlook
    State schemesBuilding bridgesConsolidation activity
  • Table: Dental Practices Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dental Practices Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Insurance in Ireland
  • Consumers in Ireland

  • Key Selling Industries
  • Communication Equipment Manufacturing in Ireland
  • Medical & Dental Instrument Manufacturing in Ireland
  • Pharmaceutical Preparations Manufacturing in Ireland

  • Products & Services
  • Care provided through private insurance
  • Care provided through out-of-pocket payments
  • State-funded care
  • Chart: Dental Practices Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged between 16 and 44
  • People aged between 45 and 64
  • People aged 65 and over
  • People aged under 16
  • Chart: Major Market Segmentation for the Dental Practices Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Dental Practices

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dental Practices Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Dental Practices Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dental Practices Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dental Treatment Services Scheme (Dtss)
  • A means-tested scheme providing certain treatments for free to patients over 16 who hold medical cards.
  • Irish Dental Association (Ida)
  • An organisation to promote the interests of the dental profession in Ireland.
  • Pay Related Social Insurance (Prsi)
  • A social insurance fund run by the Department of Employment Affairs and Social Protection for most workers over 16.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dental Practices in Ireland market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dental Practices in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dental Practices in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dental Practices in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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