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Dentists and the U.S. Economy 1st Quarter 2010 report - Practice Stabilization Post-Recession

 

MODULE 1 & 2 (both modules / reports) MODULE 1-only MODULE 2-only
Ordering:
Key topics:
  • Practice activity
  • Dental procedures
  • Practice management priorities
  • Capital budget
  • Practice and equipment financing
  • Practice expansion trends
  • Financing  availability
  • Equipment & technology penetration
  • Equipment & technology purchase intentions and growth
  • Practice activity (including dental practice activity index)
  • Dental procedures (volume, trends & forecast)
  • Practice management priorities
  • Capital budget (2009, 2010 and trends)
  • Practice and equipment financing
  • Practice expansion trends
  • Financing  availability
  • Equipment & technology penetration (trends and forecast)
  • Equipment & technology purchase intentions and growth (trends and forecast)
Report #: 100279-000 100279-001 100279-002
Date: 04/06/2010 04/06/2010 04/06/2010
Format: 150-page PDF
and
190-page PDF
150-page PDF 190-page PDF
Delivery: Electronic Electronic Electronic
Fees (site license): $795.00 USD $395.00 USD $495.00 USD

Click on the "ADD TO CART" button above. You will be automatically forwarded to a secure (https) payment page where you will be able to complete your order. Credit cards accepted include: American Express, VISA and MasterCard. Members of the Dental Trade Alliance (DTA) are eligible to receive an additional discount on the report license fees. Please enter your coupon code if applicable.  

After submitting your order successfully, you will be directed to a web page where you will be able to download the report (MODULE 1 is a 150-page Adobe PDF document and MODULE 2 is a 190-page Adobe PDF document). Additionally, you will receive a link via email to download the report in electronic format. Alternatively, you may receive a paper copy of the report between 4 and 5 business days after submitting your order (available upon request only and additional fees are applicable). Please note that all orders are verified manually.

Overview:

The 1st Quarter 2010 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 1st Quarter 2010: Stabilization Post-Recession”.

Specifically, AFG Research probed into what 250 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.

There is growing evidence that the U.S. economy has moved towards a state of stabilization and recovery:

  • “America is out of recession at last”, The Economist, October 29, 2009
  • “Recovery from the World Financial Crisis”, American Institute of Economic Research (AIER), November 16, 2009
  • “Morgan Stanley predicts tech recovery and a huge mobile Internet wave”, Morgan Stanley, October 20, 2009
  • “Positive News in the November Employment Report”. Brookings, December 4, 2009
  • "Real gross domestic product increased at an annual rate of 5.9 percent in the fourth quarter of 2009". Gross Domestic Product: Fourth Quarter 2009 (Second Estimate), Bureau of Economic Analysis, February 26, 2010

The general theme, for the 1st Quarter 2010, is that some leading dental industry business indicators such as practice profitability, revenues and practice activity are beginning to reflect the stabilization and recovery experienced by the wider U.S. economy.

The U.S. unemployment rate, which has recently seen a decrease during the 1st Quarter 2010 (from 10.1% in October 2009 to 9.7% in February 2010 - Bureau of Labor Statistics), should start to ease major concerns within the dental industry particularly, as employment creation contributes to increase the pace of business activity in the dental practice.

Nonetheless, taking into account the lag that is usually observed between post-recessionary expansion and employment growth, unemployment is not expected to diminish swiftly during 2010. This will likely dampen dentists’ expectations on the volumes and mix of certain dental procedures to be demanded by patients in the near future – a prediction that seems to be supported by this report’s findings.

Dentists seem to have revised their expected technology and dental equipment expenditures upward during the 1st Quarter 2010 in comparison to the 4th Quarter 2009, with expenditure expectations reaching a higher, yet stable level since the 2nd Quarter 2009.

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. Concerning these segments, the present quarter’s results indicate that the number of “On the edge” dental practices is currently at an all time low since the beginning of this longitudinal tracking study.

This quarter’s report also includes two measures for tracking both the current state and the expected state of dental practice activities over the last 5 quarters: the “AFG Research current dental practice activity index” and the “AFG Research dental practice activity expectations index”. These indices, each of which is constructed from the re-scaled results of twelve questions (six questions on current practice conditions and six questions on expected practice conditions), provide a clear and concise view on the evolution of current business perceptions and expectations over the recessionary period.

Current and expected U.S. dental practice activity charts below:

AFG Research Current Dental Practice Activity Index

AFG Research Dental Practice Activity Expectations Index

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 d) track the changes in key dental business activities during both the recessionary and post-recessionary periods, and e) identify future trends and developments to better forecast business activity in 2009 and beyond.

Starting with this quarter's edition, the Dentist and U.S. Economy report is available in two separate modules (which may be purchased separately) as follows:

MODULE 1 - Key Topics & Dental Procedures Covered:

Module 1 of the report covers the following topics:

  • Influence of the U.S. economy on dental practices (current levels and historical)
  • Dental practice current activity index (current and historical by segment and by specialty)
  • Perceived conditions of the U.S. economy & practice activity (business conditions, revenues, profitability and technology investments)
  • Dental practice expected activity index (current and historical by segment and by specialty)
  • Expected conditions of the U.S. economy & practice activity (business conditions, revenues, profitability and technology investments)
  • Dental procedure volume analysis (current and historical by segment and specialty)
  • Dental procedure variations in past 6 months (current and historical by segment and specialty)
  • Dental procedure volume expectations for next 6 months (current and historical by segment and specialty)
  • Dental procedure variation expectations for past 6 months (current and historical by segment and specialty)
  • Practice management priorities (current and historical by segment and specialty)

 Module 1 of the report covers the following dental procedures:

MODULE 2 - Key Topics & Dental Product & Equipment Categories Covered:

Module 2 of the report covers the following topics:

  • Dental practice capital budget for 2009 and 2010 (current and historical by segment and specialty)
    • Overall budget
    • Small equipment (<$5,000)
    • Large equipment (>$5,000)
    • Furniture, cabinetry and dental chairs
    • Building, maintenance & landscaping
    • Computer software, hardware and networking
  • Expected changes for dental practice capital budget for 2009 and 2010 (current and historical by segment and specialty)
  • Financing applications (current and historical by segment and specialty)
  • Availability and cost of financing (current and historical)
  • Practice expansion and/or relocation (current and historical by segment and specialty)
  • Equipment and category purchase recency (current and historical by segment and specialty)
  • Equipment and category usage / penetration (current and historical by segment and specialty)
  • Equipment and category purchase intentions (current and historical by segment and specialty)

 Module 2 of the report covers the following dental product & equipment categories:

MODULE  1 - Report Table of Contents:

  • Section I: Research Objectives (p. 4)
  • Section II: Methodology Overview (p. 6)
  • Section III: Executive Summary (p. 12)
  • Section IV: U.S. Economy and Dental Practice Connection (p. 17)
  • Section V: Dentists’ Assessment of the Current and
  • Future State of the U.S. Economy and their Dental Practice (p. 22)
  • Section VI: Direct & Indirect Procedure Volumes: Current, Past and Expectations (p. 63)
  • Section VII: Practice Management Priorities (p. 137)
  • Section VIII: Segment & Demographics Profiling (p. 141)
  • Appendix I: Sample Demographics (p. 154)
  • Appendix II: Questionnaire (p. 165)

MODULE 2 - Report Table of Contents:

  • Section I: Research Objectives (p. 4)
  • Section II: Methodology Overview (p. 6)
  • Section III: Executive Summary (p. 12)
  • Section IV: Dental Practice Capital Budget (p. 20)
    • Section IV-A: Capital Budget 2009 (p. 32)
    • Section IV-B: Capital Budget 2010 (p. 39)
    • Section IV-C: Capital Budget Variations in the Next 12 Months (p. 39)
  • Section V: Financing Applications (p. 59)
    • Section V-A: In the Past 6 Months (p. 63)
    • Section V-B: In the Next 12 Months (p. 74)
    • Section V-C: Financing Availability (p. 85)
  • Section VI: Practice Expansion (p. 88)
  • Section VII: Equipment & Technology - Penetration (p. 94)
  • Section VIII: Equipment & Technology - Recency of Purchase (p. 151)
  • Section IX: Equipment & Technology - Purchase Intentions (p. 156)
  • Appendix I: Sample Demographics (p. 189)
  • Appendix II: Segment Demographics - Profiling (p. 200)
  • Appendix III: Questionnaire (p. 213)

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:

Dental Trade Alliance (DTA)

 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.

Ordering & Pricing:

MODULE 1 & 2 (both modules / reports) MODULE 1-only MODULE 2-only
Ordering:
Fees (site license): $795.00 USD $395.00 USD $495.00 USD

Additional Questions:

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