Dentists in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 62121Revenue
$189.6bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
1m
Businesses
183k
Wages
$XX.Xbn
Dentists in the US industry analysis
Dentists have a critical role in supporting public health outcomes. Routine dental treatment is necessary for healthy oral hygiene, helping the industry's proven status as recession-proof. In recent years, rising health expenditure and disposable incomes have only strengthened dental practices, as consumers felt secure allocating more money to preventative and cosmetic dental care. The COVID-19 pandemic brought unprecedented volatility as patient volumes dropped, creating long care backlogs. An exploding demand brought a recovery as pandemic concerns eased, but steadying patient volumes in 2024 make it challenging to balance rising cost pressures and persistent labor shortages. In all, industry-wide revenue has been expanding at a CAGR of 2.1% to an estimated $189.6 billion over the past five years, including expected growth of 1.1% in 2024.
Trends and Insights
- A complex operating landscape is changing how dentists deliver care. Cost and operational pressures have paved the way for an uptick in consolidation and dental service organizations.
- Major dental procedures bring in the most payments for dental practices. Higher treatment costs and a growing number of older adults make major dental care the most lucrative for offices.
- Patients find more options in major metro areas. Dental practices favor densely populated areas for their access to larger pools of potential patients and employees.
- Dental providers don’t face any threats from substitutes. Only dentists can perform the necessary routine dental care people need to stay healthy, limiting the threat of other services.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.1 % over the past five years, to reach an estimated $189.6bn in 2024.
Trends and Insights
The pandemic erases years of stability
- Demographic trends, rising healthcare expenditure, broader insurance coverage and larger healthcare trends supported dental practices' success before 2020. The COVID-19 pandemic suddenly disrupted these trends, introducing unprecedented financial and operational volatility into the industry.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Dentistry will display its strength post-pandemic
- Dentistry is considered recession-proof. While the pandemic brought unprecedented disruption to the space, dental practices will show their strength as conditions normalize moving forward.
Biggest companies in the Dentists in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Aspen Dental Management Inc. | 715.3 | 118.0 | 16.5 | |
American Dental Partners Inc. | 307.4 | 50.7 | 16.5 | |
Coast Dental and Orthodontics | 221.0 | 36.5 | 16.5 |
To view the market share and analysis for all 21 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Diagnostic care, Basic care and Major care. Diagnostic care is the largest segment of the Dentists in the US.
Trends and Insights
Major dental procedures improve from advances in equipment and materials
- Major dental care involves more extensive and often complex procedures that address significant dental problems and structural issues. These treatments typically require more time, advanced technology, specialized skills and sometimes multiple visits.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Brand Name Pharmaceutical Manufacturing in the US
- Medical Instrument & Supply Manufacturing in the US
- Alternative Healthcare Providers in the US
- Hospitals in the US
- Orthodontists in the US
International industries
- Dentists in Canada
- Dental Services in Australia
- Dental Services in New Zealand
- Dental Practices in the UK
- Dental Practices in Ireland
Table of Contents
About this industry
Industry definition
This industry includes health practitioners with a Doctor of Dental Medicine, Doctor of Dental Surgery or Doctor of Dental Science degrees. Dentists are primarily engaged in the independent practice of general or specialized dentistry or dental surgery. Practitioners operate private or group practices in their own offices (e.g. centers or clinics).
What's included in this industry?
Independent general dental practicingIndependent specialized dental practicingDental surgeryDental examinationsDental treatmentsCompanies
Aspen Dental Management Inc.American Dental Partners Inc.Coast Dental and OrthodonticsPurchase this report to view all 21 major companies in this industry.
Related Terms
GENERAL DENTISTDENTAL HYGIENISTDENTAL SERVICE ORGANIZATIONINVISIBLE DENTAL SERVICE ORGANIZATIONDENTAL GROUPIndustry Code
NAICS 62121 - Dentists in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
A complex operating landscape is changing how dentists deliver care. Cost and operational pressures have paved the way for an uptick in consolidation and dental service organ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Major dental procedures bring in the most payments for dental practices. Higher treatment costs and a growing number of older adults make major dental care the most lucrative...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Patients find more options in major metro areas. Dental practices favor densely populated areas for their access to larger pools of potential patients and employees.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Dental providers don’t face any threats from substitutes. Only dentists can perform the necessary routine dental care people need to stay healthy, limiting the threat of othe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Fragmentation keeps any single dental company from controlling the market. Local, independent practices remain the status quo despite accelerating consolidation activity.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Aspen Dental Management Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of American Dental Partners Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Coast Dental and Orthodontics's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 18 additional companies
Detailed analysis
- Description and key data for Aspen Dental Management Inc., and factors influencing its performance in the industry
- Description and key data for American Dental Partners Inc., and factors influencing its performance in the industry
- Description and key data for Coast Dental and Orthodontics, and factors influencing its performance in the industry
- Description, key data and performance trends for 18 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Adults 65 and over are a growing demographic for dental practices. Older adults require more maintenance and major dental work to maintain their smiles.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Dental practices attempt to balance rising labor costs with hiring challenges. While many practices have raised wages to attract assistants and hygienists, an undersized dent...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Dentists in the US industry in United States in 2024?
The market size of the Dentists in the US industry in United States is $189.6bn in 2024.
How many businesses are there in the Dentists in the US industry in 2024?
There are 183k businesses in the Dentists in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
Has the Dentists in the US industry in United States grown or declined over the past 5 years?
The market size of the Dentists in the US industry in United States has been growing at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Dentists in the US industry in United States over the next 5 years?
Over the next five years, the Dentists in the US industry in United States is expected to grow.
What are the biggest companies in the Dentists in the US market in United States?
The biggest companies operating in the Dentists market in United States are Aspen Dental Management Inc., American Dental Partners Inc. and Coast Dental and Orthodontics
What does the Dentists in the US in United States include?
Independent general dental practicing and Independent specialized dental practicing are part of the Dentists in the US industry.
Which companies have the highest market share in the Dentists in the US in United States?
The company holding the most market share in United States is Aspen Dental Management Inc..
How competitive is the Dentists in the US industry in United States?
The level of competition is moderate and increasing in the Dentists in the US industry in United States.
