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2024 U.S. Industry Statistics & Market Forecast - Offices of Dentists
Market Size & Industry Statistics
The total U.S. industry market size for Offices of Dentists:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Offices of Dentists industry include:- Increasing use of digital and laser technologies
- Rising demand for cosmetic dental services
- Integration of AI for diagnostics and patient management
- Expansion of dental service organizations (DSOs)
- Growing focus on preventive care and hygiene services
- Changes in healthcare policy and insurance coverage
- Adoption of teledentistry and remote consultations
- Shift towards eco-friendly and sustainable practices
- Influx of new materials and techniques for dental repair and restoration
- Aging population increasing demand for dental care
- Heightened emphasis on security and privacy of patient data
- Increase in marketing through social media and online platforms
Product & Services Breakdown
Research products and services in the Offices of Dentists industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Dental Visits And Consultations |
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Dental - Consultation And Diagnostic Services |
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Dental - Preventative Services |
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Dental Surgical Intervention Services |
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Surgical Periodontal Services |
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Implant Services |
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Surgical Oral And Maxillofacial Services |
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Surgical Endodontic Services |
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Other Dental Surgical Intervention Services |
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Dental Non-Surgical Intervention Services |
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Restorative Dental Services |
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Non-Surgical Endodontic Services |
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Non-Surgical Periodontal Services |
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Orthodontics |
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Prosthodontic (Fixed And Removable) Services |
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Maxillofacial Prosthetics |
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Other Dental Non-Surgical Intervention Services |
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Medical And Diagnostic Testing |
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Anesthesia Services |
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Resale Of Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Offices of Dentists company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Offices of Dentists industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Offices of Dentists measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 1% | Order at top of page |
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| General and Operations Managers | 1% | |||
| Healthcare Practitioners and Technical Occupations | 33% | |||
| Healthcare Diagnosing or Treating Practitioners | 32% | |||
| Dentists | 12% | |||
| Dentists, General | 11% | |||
| Miscellaneous Healthcare Diagnosing or Treating Practitioners | 20% | |||
| Dental Hygienists | 20% | |||
| Healthcare Support Occupations | 34% | |||
| Other Healthcare Support Occupations | 34% | |||
| Miscellaneous Healthcare Support Occupations | 34% | |||
| Dental Assistants | 33% | |||
| Office and Administrative Support Occupations | 29% | |||
| Information and Record Clerks | 9% | |||
| Receptionists and Information Clerks | 9% | |||
| Receptionists and Information Clerks | 9% | |||
| Secretaries and Administrative Assistants | 10% | |||
| Secretaries and Administrative Assistants | 10% | |||
| Medical Secretaries and Administrative Assistants | 8% | |||
Offices of Dentists Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Offices of Dentists industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Offices of Dentists industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Offices of Dentists industry. |
Source:
Innovation News
- Jun 07, 2024: Imagen Dental Design of Brentwood Support Services raises $1 million in funding.
- Jun 07, 2024: Imagen Dental Design of Brentwood Support Services raises $2 million in funding.
- May 21, 2024: Imagen Dental Design of Brentwood Support Services raises $1 million in funding.
- Mar 07, 2024: BRIUS Technologies patents Devices For Treating Teeth And Associated Systems And Methods
- Jan 31, 2024: Spear Education trademarks "SPEAR NAVIGATOR" - Educational services
- Jan 09, 2024: Candid Care trademarks "PROMONITORING" - downloadable computer software for developing patient assessments and doctor-patient communications in the field of dentistry; downloadable computer software used to provide, track and modify proposed courses of orthodontic treatment and patient data related thereto; downloadable computer software for orthodontic practice management; downloadable application software in the field of dentistry and orthodontics
- Jan 02, 2024: Innovative Endodontics trademarks "CHANGING THE REPUTATION OF THE ROOT CANAL" - Dental care services; Dentistry services; Endodontic services; Health spa services for health and wellness of the mind, body and spirit
- Dec 28, 2023: BRIUS Technologies patents Teeth Repositioning Systems And Methods
- Dec 28, 2023: BRIUS Technologies patents Devices For Treating Teeth And Associated Systems And Methods
Recent Federal Contracts for Offices of Dentists
- Mar 25, 2024: COMMUNITY ACTION PARTNERSHIP OF WESTERN NEBRASKA (Gering, NE) awarded $286,706
- Mar 15, 2024: JACK E. DURAN, D.D.S., M.S. LIMITED LIABILITY COMPANY-ORTHODONTICS EXCLUSIVELY (Englewood, CO) awarded $133,000
- Mar 12, 2024: DELTA DENTAL PLAN OF OKLAHOMA (Oklahoma City, OK) awarded $1,481,000
- Mar 08, 2024: SIRONA DENTAL, INC. (Long Island City, NY) awarded $148,333
- Mar 06, 2024: PREFERRED HEALTHCARE REGISTRY INC (San Diego, CA) awarded $55,223
- Mar 05, 2024: DENTAL POWER INTERNATIONAL, INC. (Carrboro, NC) awarded $383,964
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