The dental industry is a dynamic sector characterised by growth and increased investor activity in recent years. Analysis conducted by IBIS World has revealed that the overall UK dental market size in revenue terms was £6.7bn in the UK in 2017-18 and forecasted to grow at approximately 1.1% per annum over the next five years, up from 0.5% annual growth during the preceding five-year period.
An ageing population and an increased public understanding of the importance of good dental hygiene have stimulated demand for advances in traditional treatments and cosmetic dentistry which is increasingly profitable. The dental market landscape is clearly changing and diversifying. But is your practice in pole position to take advantage of emerging opportunities or missing out on potentially lucrative revenue streams?
This blog will highlight four areas where your dental practice could be losing money and what actions you can take to maximise efficiency and your profit levels.Read More