Brushing up: The rising price of NHS treatments is expected to support current-year growth

Consumer preferences have an important bearing on the financial performance of the Dental Practices industry. NHS dental services are currently the most popular, offering affordable treatments but a generally lower quality of service to customers. However, over the past five years, there has been a shift in demand towards private dental treatments in line with rising disposable income. Industry revenue is expected to rise at a compound annual rate of 0.5% over the five years through 2018-19, including an expected 1.8% rise in the current year, to reach £6.8 billion. Funding for NHS dental services has been constrained in recent years as the government has limited expenditure to lower national debt...read more.

Industry Statistics & Market Size
Revenue
£6.8bn
Annual Growth 14-19
0.5%
Forecast Growth 19-24
Profit
Employment
110,767
Businesses
12,034

Industry Threats & Opportunities

  • Rising disposable income has supported an increase in demand for private treatment
  • An increase in the popularity of expensive cosmetic treatments has supported revenue expansion
  • Uncertainty surrounding the UK’s exit from the European Union may limit demand in the short term
  • Industry Report - Industry Key Buyers Chapter

    The three largest firms in the industry are estimated to account for 13.5% of industry revenue in 2018-19, suggesting the industry has a low level of concentration. Concentration has risen slightly in recent years as major players, particularly Bupa Dental Services Ltd, have undertaken expansive acquisition activity. Firms that have acquired additional practices in recent years have also yielded economies of scale as costs have been cut, such as in administration. Furthermore, larger operators are more likely to secure NHS contracts and have greater bargaining power with which to negotiate terms with suppliers. As a result, industry operators are expected to continue consolidating over the coming years. However, the industry is primarily comprised of small independent enterprises. Ove...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 contacts within key markets
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Real government consumption expenditure and Real household disposable income in the Dental Practices industry impact industry performance..

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    What's in this report

    What is the Dental Practices 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
  • NHS dentistry
  • Private dentistry
  • 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
  • Real government consumption expenditure
  • Real household disposable income
  • Health consciousness
  • Population aged 65 years and over

  • Current Performance
  • Deep-rooted problems
  • Private popularity
  • Competitive appetite
  • Frequent visitors
  • Chart: Revenue Growth

  • Industry Outlook
  • EU uncertainty
  • Cosmetic surge
  • Getting technical
  • 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
  • General Insurance
  • Consumers

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

  • Products & Services
  • NHS dentistry
  • Private dentistry
  • Chart: Dental Practices Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Women
  • Men
  • Children
  • 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
    ProfitWagesPurchasesDepreciationOther
  • 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
    Integrated Dental Holdings Ltd, Bupa Dental Services Ltd,
  • Table: Integrated Dental Holdings Ltd - financial performance
  • Table: Bupa Dental Services Ltd - financial performance

  • 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Crown
  • A restorative crown is a protective shell that fits over a tooth.
  • Orthodontics
  • The correction and prevention of irregularities in the teeth and jaws.
  • Root Canal
  • A dental procedure to save a tooth by removing the diseased or injured tissue.
  • Units Of Dental Activity (Uda)
  • A system of measuring work conducted by NHS dentists. Annual NHS funding is based on how many UDAs a dentist has completed in a year.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dental Practices market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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