The market for dentists and dental practices - Italy

The term dentist is defined as a health care professional who deals with diseases and problems of the oral cavity and related tissues. Dentists working either in public facilities such as hospitals or in dental offices, often private, primarily perform services of: -Mobile prosthetics -Fixed Prosthetics -Implantology -Orthodontics Globally, the value of the dental market is worth about $29 billion with the forecast to reach $43 million in the future six years with a compound annual growth rate (CAGR) of 5.7 percent. Globally, the industry is characterized by increasingly high growth rates, except for the 2009-2012 crisis period that also affected dentists and their practices. In Italy the sector had a big growth in the post-crisis period continuing until 2018 where the profit curve started to slow down. Despite this setback in the last five years, the dental market has been growing strongly due, on the one hand, to the continuous technological innovation of machines and instruments and, on the other hand, to scientific and medical progress. Today in Italy in terms of the number of dentists compared to other European countries it ranks 19th with an average of 64 dentists per 100,000 inhabitants. The trend in the dental market predicts continued growth in the number of dentists and dental practices with the trend toward the creation of ever larger groups and conglomerates. In addition, the factors on which the market will be based for the next few years will be: the advent of digitalization, higher demand for cosmetic surgery, and an increase in dental tourism due to dental clinics with increasingly competitive prices.