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Dentists and the U.S. Economy 2nd Quarter 2009 report - Stabilizing but challenges remain
Report #: 090579
Fees: $295.00 USD (site license)
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The 2nd quarter 2009 edition of OMNIDENTM - AFG Research’s U.S. dental omnibus - included several questions designed to gather dentists’ opinions regarding the current state of the U.S. economy and the way their practice has been affected by the current economic environment. Results for these questions are made available as part of a report titled: “Dentists and the U.S. Economy 2nd Quarter 2009 - Stabilizing But Challenges Remain”.
Specifically, AFG Research probed into what 279 U.S. dentists think about the current economic environment and the challenges faced by their practice. As part of this study, AFG Research measured the changes experienced in the volume of twenty different dental procedures during the past six months, including direct restorations, implant procedures and many others. In addition, we collected feedback from dentists on their outlook for the upcoming six months and purchase intentions with respect to 30 key dental technologies and equipment.
There is growing evidence that the end of the current recession (the longest since World War II) is now in sight:
- “Recession end in sight, but subpar recovery to follow”, National Association for Business Economics (NABE), June 2009
- “Economists raise U.S. outlook as recession fades”, Bloomberg News Survey, July 2009
- “On the turn? The gloom about jobs is overdone, but the outlook remains tenuous”, The Economist, July 2009
- “ISM: Industry bottoming out at midyear, unemployment rate is starting to level off”, JPMorgan Global Economic Research, July 2009
The general theme, for the 2nd Quarter of 2009, is that some leading (e.g., inventories / manufacturers activity) and lagging (e.g., unemployment) indicators are showing signs that the U.S. economy is stabilizing or even improving. Serious concerns however remain about the pace and scope of the recovery with many predicting a lackluster recovery during the 2nd half of 2009 and early 2010. The U.S. unemployment rate, which many expect to rise about 10% is also case of concern. Given recent and significant productivity gains, unemployment is not expected to show marked improvement until 2010 which will have a material impact on both dental benefits and employer-sponsor dental plans.
Against this backdrop, there is growing optimism among U.S. dentists. It appears most evident as approximately one half of dentists (54%) surveyed are expecting the economy to improve over the next 6 months, compared to only 20% in the 1st quarter of 2009.
Their growing optimism is also reflected in the expected change in the volume of multiple dental procedures. Many dentists expect the volume of most procedures to remain the same or become slightly higher in the next 6 months, even for indirect procedures which were the most impacted during the downturn. Dentists also indicated that their capital budget will increase by 1.1% on average over the next 12 months.
Current business conditions and 6-month outlook for U.S. dental practices summary charts below:
In terms of practice management, dentists indicated that cost-cutting measures would be top priority over the next 6 months. Of lower priority, relative to prior quarters, include increases in marketing and communications for their practices.
The research also confirmed three main underlying segments among U.S. dental practices: "On the edge", "Bandwagon" and "Robust". Perceptions of the U.S. economy, procedure volume (past and forecasted), as well as dental equipment / technology purchases are clearly different among each of these three segments.
The report will help dental manufacturers and distributors to: a) assess the current business environment of the industry, b) better understand the ways in which dentists across the U.S. are coping with changes in the economic environment, c) identify key opportunities for adapting their business to better address the needs of their customers, and d) identify future trends and developments to better forecast business activity in 2009 and beyond.
Dental Procedures Covered:
The report covers the following dental procedures:
- Direct anterior & posterior fillings / restorations
- Whitening / bleaching
- Cleaning / prophylaxis
- Sealant cases
- Fluoride treatment
- Enamel shaping
- Treatment planning & diagnostic
- Dental crowns
- Dental bridges
- Root canal treatment
- Endodontic post
- Orthodontic braces / appliance
- Removable dentures
- Full dentures
Dental Product Categories Covered:
The report covers the following dental product categories:
- Caries detection software
- Curing light (LED, laser, PAC)
- Chair side CAD / CAM restoration system
- Computer terminal / server / networking hardware
- Dental cabinetry
- Dental chair(s)
- Dental cone beam imaging system
- Dental image and management software
- Dental loupes
- Dental patient education system
- Dental photography system
- Dental ultasonic scaler
- Digital impression system (Cadent iTero, 3M ESPE LAVA C.O.S.)
- Digital intraoral radiography
- Digital panoramic X-Ray / cephalometric X-Ray
- Digital X-ray system
- Electric handpieces
- Endodontic rotary obturation files (NiTi)
- Intraoral camera
- Intraoral video
- Intraoral (IO) scanner
- Cone Beam 3D Imaging System (CBCT)
- Laser - hard/soft tissue
- Laser - soft tissue (dental diode or Co2)
- Light / laser caries detection system
- Operatory light
- Oral cancer detection system
- Practice management system
- Tooth shade matching system
Report Table of Contents:
- Section I: Research Objectives (p. 4)
- Section II: Methodology Overview (p. 6)
- Section III: Executive Summary (p. 11)
- Section IV: U.S. Economy and Dental Practice Connection (p. 15)
- Section V: Dentists’ Assessment of the Current and Future State of the U.S. Economy and their Dental Practice (p. 20)
- Section VI: Direct and Indirect Procedures: Current and Expected Volume Changes (p. 38)
- Section VII: Practice Management Priorities (p. 51)
- Section VIII: Dental Practice Capital Budget and Future Purchases (p. 59)
- Section IX: Segment & Demographics Profiling (p. 92)
- Appendix I: Questionnaire (p. 108)
- Appendix II: OMNIDEN™ (p. 111)
Information on Report License:
Site License: This license allows for use of the report by an unlimited number of people within the same enterprise location. Each of these people may use the report on any computer, and may print out the report, but may not share the report (or any information contained therein) with any person or persons outside of the enterprise location. Customers who infringe these license terms are liable for a Global Site license fee.
Global Site License: This license allows for use of the report by an unlimited number of people within the same enterprise worldwide. Each of these people may use the report on any computer, and may print out the report, but may not share the report (or any information contained therein) with any other person or persons outside of the enterprise. Please contact us for details.
DTA Members Discount:
AFG Research is a member of the Dental Trade Alliance (DTA)
Any organization which is currently a member of the Dental Trade Alliance (DTA) is eligible to an additional discount on the report license fees. Please request your coupon code if applicable.
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- Dentists and U.S. Economy 1st Quarter 2010 - Practice Stabilization Post-Recession
- Dentists and U.S. Economy 3rd Quarter 2009 - Growing Optimism in a Sluggish Recovery
- Dentists and U.S. Economy 1st Quarter 2009
- Dentists and U.S. Economy 4th Quarter 2008
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