In 2023, the gross output for offices of dentists in the US was approximately $143.00 billion USD. Forecasts show a steady increase, with the output expected to reach $154.37 billion USD by 2028. Year-on-year growth is projected at around 1.6% in 2024, rising to approximately 1.6% to 1.5% annually through 2028, suggesting a consistent upward trend. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be modest yet stable, reflecting a robust market with a growing demand for dental services.
Future trends to watch for include:
- Advancements in dental technology leading to increased efficiency and potentially lower costs.
- Growth in cosmetic and preventative dental services as consumer awareness and demand increase.
- Demographic shifts, including an aging population that may require more dental care.
- Potential impacts of healthcare policy changes that could affect dental insurance coverage and accessibility.