Ken Research - Australia Dental Services Market Outlook to 2022

Australia Dental Services Market was Driven by Rising Dental Health Awareness and Private Health Insurance Funding: Ken Research Rising dental service fee, per capita dental expenditure and growing pool of dental practitioners to aid growth of Australia Dental Services Market in the mid-long term. An incline in dental visit by Australians driven by rise in general awareness for dental health and prevention and growing unhealthy food habits resulted in increased market revenues during the last few years. The number of dental practices in the country recorded grew at a steady pace during FY’2012-FY’2017 which augmented dental clinics visits in the concerned period. The report titled ”Australia Dental Services Market Outlook to 2022 - By Payer (Individual, Government, Private Health Insurance and Others), by Service (Restorative, Preventive & Diagnostic, Endodontic, Prosthodontics, Oral Surgery and Others), by Organized Dental Chains and Standalone Dental Clinics” by Ken Research suggested that the Australia dental services market is anticipated to grow at a CAGR of 3.6% during the period FY’2017-FY’2022. Private health insurance funding continued to witness an incline from AUD 1,181 Million in FY’2012 to AUD 1,876 Million in FY’2017. This represented growth at a CAGR of 9.7% during FY’2012-FY’2017. Growing private health insurance coverage largely stimulate market growth as patients are willing to visit dental clinics on a more frequently and undergo expensive procedures since part of it is funded by insurance funds. Furthermore, number of dental establishments and dental service fees recorded low single digit 1