State of the Industry 2015, Part I: 'Challenging but Good' According to Majority
Posted Feb 12, 2015 in LMT Surveys
Every five years, LMT conducts its State of the Industry Survey, offering an in-depth look at what’s trending as well as the changes that have occurred during the past five years. And the last five have been a tumultuous ride, with the great recession and slow economic recovery, boom in digital technologies, consolidation, price and profit erosion, growth in corporate dentistry and an increasingly competitive global marketplace.
Some lab owners say it’s been the hardest five years of their careers. Others say business has been a roller coaster, with some months booming, others a bust with no discernible reason. Still others have successfully reinvented themselves and feel their opportunities are boundless.
Looking forward, the majority—54%—of respondents to LMT’s State of the Industry 2015 survey say their outlook for the future of their laboratory is “challenging but good,” and an additional 16% feel it even looks “bright.”...