How Will the Changing Demographics Impact You?
Posted Sep 06, 2013 in Industry News
The changing demographics of the dental field could bode well for laboratories. There are more general practitioners and prosthodontists, more dental consumers and fewer laboratories. In other words, the potential client base per laboratory is growing.
Here's a look at the shifting demographics between 1998 and 2011:
The number of laboratories declined 12.5%, from approximately 12,000 to 10,500. The number of GPs and prosthodontists increased 17%, from 133,623 to 156,011. This means the ratio of dentists to labs increased from 11:1 to 15:1.
The ratio of adult patients (20 years or older) to dentists increased from 1,441:1 to 1,466:1.
Further analysis of patients 45 years or older—the most likely sector of the population to receive restorative work—shows an increase of 36% during this timeframe. In 1998, there were 686 patients for every dentist; in 2011, the ratio was 796:1.
And...