Dentistry

Dentists

The practice of dentistry is a part of the overall health care industry and recent trends in this segment of the health care industry show a pattern similar to that of the industry as a whole. Steady growth. The graph shows estimated revenue taken in by Offices of Dentists annually from 1998 through 2012. While the rate of increase slowed a bit after the recession and financial crisis that hit in 2007 and 2008, growth in revenue continued. The growth in revenue for dentist offices between 1998 and 2012 exceeded inflation by 61.6% (dentistry 102.6% increase versus inflation which grew 41%).

Factors influencing that rate of growth for dentists are many of the same factors driving the overall health care industry, primarily among them, demographics and technology. As we age, we need more health care services of all sorts, including dental care. Technological advances are a driver in the field because they make available services that simply did not exists before and improve the ones that did. Already in the early 2000s the American Dental Trade Association was explaining that nearly half of dentists revenues were being generated from procedures and treatments that were not available 20 years earlier.

Today’s market size is the total estimated revenue earned by offices of dentists in the United States in 2000 and in 2012.

Geographic reference: United States
Year: 2000 and 2012
Market size: $58.8 billion and $104.3 billion respectively
Sources: “Table 8.1. Health Care and Social Assistance (NAICS 62)–Estimated Revenue for Employer Firms: 2002 Through 2010,” page 171, Service Annual Survey 2010, Issued in February 2012, U.S. Census Bureau, a link to which is offered here. Data for years before 2002 come from the Service Annual Survey 2003, available from the same web site. The data from 2011 and 2012 come from the “Estimated Quarterly Revenue for Employer Firms, Fourth Quarter 2003 Through Fourth Quarter 2012, part of the same Annual and Quarterly Services tracking done by the Census Bureau in preparing their annual report. The quarterly data are available here. Jeffrey R. Lavers, “Market Trends in Dentistry,” Dentistry iQ, available online here.
Original Source: U.S. Department of Commerce, Bureau of the Census
Posted on October 24, 2013

Toiletries Market

Manufacturers of toiletries&madsh;that whole long list of things found in the bathroom for personal care, shampoo, deodorant, hand lotion, face crème, foot crème, toothpaste, perfume, hair mouse, etc.—saw robust growth over the period 1997 through 2007 but lost many of those gains between 2007 and 2009, a pattern repeated in so many industries.

Today’s market size is the size of hte toiletries market as measured by U.S. manufacturers’ shipments in 1997, 2007, and 2009.

Geographic reference: United States
Year: 1997, 2007 and 2009
Market size: $24.3, $48.8 and 38.5 billion respectively
Source: 1997 Economic Census, 2007 Economic Census, and the 2009 Annual Survey of Manufactures.
Original source: U.S. Census Bureau
Posted on December 15, 2011

Chewy, Juicy, Gooey Candy Market

Most of us think of candy as, well, candy. But within the industry, of course, candy is dividied up into segments and tracked carefully. One of those candy segments is called the “chewy candy sector” and includes such things as gummies, jelly beans, Twizzlers, Sweet Strings ‘n Sour Rings, Starbursts, Gummibursts, etc. Some refer to this segment of the market as gummies and jellies.

Today’s market size is an estimated total sales of chewy candies in the United States in 2010.
Happy Halloween!

Geographic reference: United States
Year: 2010
Market size: $2.2 billion
Source: Grace Weitz, “Companies Juiced with New Gummy Products,” April 28, 2011, Candy Industry, available online here
Original source: Mintel
Posted on October 31, 2011

Dentistry

After a holiday celebrated by the indulgence in candy, it seems only right to take a look at the market for dental services. Over the period 2002 to 2007 the number of establishments in the United States offering dental services grew by 7.5%, from 118,305 to 127,033. Employment in those offices grew at a faster rate, from 743,628 to 825,869, or 11%. So we had more offices that were on average slightly larger in 2007 than in 2002. The largest area of growth for these establishments was in their revenue, which grew 32.5% over this same period.

Geographic reference: United States
Year: 2002 and 2007
Market size: $71.1 Billion and $94.2 Billion respectively
Source: “2007 Economic Census: Sector 62: Health Care and Social Assistance Porgrams: Preliminary Comparitive Statistics for the United States 2007 and 2002″, March 26, 2010, [Online] here.
Original Source: U.S. Bureau of the Census

Prison Health Care Provider Market

This is a very decentralized market in which the three leading health care providing firms represent only 16% of the market. The leading firms involved in providing health care to the penal system by contract are Correctional Medical Services, America Service Group, and Wexford Health Sources, Inc.

Geographic reference: United States
Year: 2009
Market size: $9.3 Billion
Source: “Correctional Healthcare,” March 8, 2010, p. NA [Online] here.

Market for Orthodontistry

Data show the number of patients served by members of the American Association of Orthodontists.

Geographic reference: United States
Year: 2004 and 2008
Market size: 5.75 million and 4.87 million, respectively
Source: Melissa Preddy, “Robot Smiles on Orthodontists,” The Detroit News, May 20, 2010, page 6B.