Dentistry news – What are the market predictions for dentistry in 2023?

Dentistry news - What are the market predictions for dentistry in 2023?

Dentistry news and updates from the team at Flame Health. High demand for private practices makes for a strong market in 2023 – but the tightening of consumer spending is most likely to impact aesthetic work over general treatment.

This is according to Christie & Co’s Business Outlook report, which looks at market predictions for the coming year.

Released today (19 January), it argues that the next 12 months are ‘far from doom-and-gloom’ and predicts a busy year for practice sales.

However it states that a squeeze on consumer spending is more likely to impact aesthetic revenues over general treatments. It also said further NHS reforms are ‘crucial’ to prevent the loss of dentists working within the NHS.

The report reads: ‘Dentistry continues to be a highly attractive sector for investors, helped by the increased awareness of oral health and the boom in cosmetic and aesthetic treatments.

‘Despite some significant headwinds – not least rising interest rates, geopolitical and economic uncertainty, and increasing workforce challenges within the profession – the market remained extremely robust in 2022.’

Head of dental at Christie & Co, Paul Graham, says the group had a ‘record year’ in 2022. The aggregate offer value received at Christie & Co rose to £930m+ in 2022 – a 48% increase on 2021.

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Dentistry news - What are the market predictions for dentistry in 2023?