On the heels of LMT's September special coverage, The Changing Landscape of Dentistry, about the changing demographics, business models and other factors influencing your client base, the ADA just released an in-depth report, A Profession in Transition: Key Forces Reshaping the Dental Landscape, touching on many of the same topics.
Here are some key findings from the report:
Per capita expenditures are expected to grow over the coming decades, but at a very slow rate. In 2010, per capita dental expenditures were $269. Projected expenditures range from a conservative $277 to an optimistic $325 by 2040.
Older Americans are expected to account for a growing share of dental expenditures over the coming decades. Specifically, Seniors ages 60-79 will account for about 32% of all dental expenditures by 2040, followed by children with about 24%. The largest growth will be in adults ages 70-79 whose proportion of total expenditures is expected to double between 2010 and 2040.
The Affordable Care Act (ACA) is expected to expand children's dental benefits, both public and private and is also expected to generate an additional 13.8 million dental visits per year.
Want to read the ADA's report in its entirety? Visit http://www.ada.org/escan.aspx and download a digital copy from their site.