Oral Health Group

U.S. recession effects gnaw at dentists’ business

October 5, 2011
by ken

Sageworks Stats – Mary Ellen Biery

Dentists are finally feeling some pain from the recession.

Privately held dentist offices (NAICS code 6212) have seen sales so far this year decline about 3 percent after posting ongoing-though-shrinking gains in their top lines throughout the recent recession, Sageworks found in a financial statement analysis of the industry. Sales growth rates for dentists in 2008 and 2009 were 5 percent and 15 percent, respectively, but dipped to 1 percent growth last year before the current year’s decrease,according to the data as shown in the graph.

Profit growth, too, has waned, Sageworks found. Private dentist offices generated a 15 percent increase in net profits in 2009 but have seen profits shrink 3 percent so far this year, according to the analysis of financial statements from the private companies.

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