Dental Industry Trends

Over the five years to 2022-2027, the Dentists industry well benefit from an uptick in the number of individuals with private and public dental benefits. Additionally, an aging baby boomer population, similarly provided increased demand for industry operators.

According to the American Dental Association (ADA), cost barriers to receiving dental care became less pronounced during most of the current five-year period, especially for adults between the ages of 50 to 64 years old, spurring an increase in dental visits and preventative care from this demographic. Given these trends, dental forecasts industry revenue to grow at an annualized rate of 2.7% to $155.2 billion over the five years to 2021

Following the COVID-19 (coronavirus) pandemic, an economic recovery in earnest and a declining unemployment rate, are expected to drive demand for industry services and drive a steady increase in revenue. The aging population will continue to play a key role in driving demand and revenue growth for the industry, since older individuals tend to need dental care more frequently.?