Analyst sees dental practice growth fueled by digital, group practices and alternative financing -
Market analyst Zacks, in its outlook for the dental supplies industry, outlines three trends it expects to drive near-term growth in dental practices:
..Digital Dentistry: Latest technologies help dentists carry out procedures with precision and efficiency. The most recent digital systems help provide faster dental treatments and better predictability of results.
..Increased Focus on Group Practices: Dentists are increasingly choosing to operate in groups, sharing a common office space due to high debts related to dental school and rising operating costs. The group system also allows for easier approval of insurance coverage and better insurance payment rates.
..Alternative Financing Options: With many Americans grappling with financial issues when it comes to dental care, dental practitioners are developing financing options like customized payment plans and separate yearly rates. Companies in the dental industry are also developing packages that allow practitioners to cater to individual needs. Nasdaq on January 18, 2019.
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