The latest assessment of the market for dental products has been published, showing that the sector has enjoyed sustained growth of 5.2% p.a. over the past decade and in FY2016-17 was valued at $2.196 billion. That is the figure contained in the Australian Dental Industry Intelligence Report, the most authoritative assessment of the Australian dental products market.
The Australian Dental Industry Intelligence Report is published by the Australian Dental Industry Association (ADIA), the peak business organisation representing manufacturers and suppliers of innovative dental products. The report is underpinned by research undertaken by Deloitte Access Economics.
"ADIA is pleased to make available this research which assesses the total value of the dental industry and provide detail on fourteen discrete product and service categories. It's a powerful business planning too for manufacturers and suppliers of innovative dental products," said Troy Williams, ADIA Chief Executive Officer.
Now in its third edition, the Australian Dental Industry Intelligence Report provides context as to what drives growth in the sector.
"It's a comprehensive piece of market analysis that models the industry using a range of external factors including changes to the nation's expenditure on dental and oral healthcare, a key driver of sales of products to dental practices. Dental product import data is also a key dataset within the report," Mr Williams said.
The Australian Dental Industry Intelligence Report analyses sales of dental products to dental practices and over-the-counter sales to consumers. Sectors for which further analysis is provide includes: dental laboratory product sales; orthodontic and restorative product sales; dental instruments and fitting sales; anaesthesia product sales; consumable product sales; infection control product sales; imaging equipment sales; imaging product sales; other dental equipment sales; equipment servicing and maintenance sales; and over-the-counter dental products.
Also assessed in the report is the value of the dental laboratory sector in addition to the sales of professional services to dental practices.
"Production of the Australian Dental Industry Intelligence Report is a major investment by ADIA and an outcome of the 2016-20 ADIA Strategic Plan which has a commitment to help member businesses understand and benefit from changes to the environment in which dental products are manufactured and supplied," Mr Williams said.
The report is available free of charge to ADIA member businesses and can be purchased for $685 by non-member businesses using the link below.
