The Quarterly Business Survey of ADA members sponsored by ADA Member Advantage in cooperation with the Center for Professional Success finds that many dental practice owners are optimistic about the U.S. economy and are looking to expand. More than 80 percent of practice owners say that they are planning to invest in their practice during 2018, and are prioritizing upgrades such as 3D printing, digital workflows, and computer-aided design and manufacturing. In addition, 12 percent are considering a practice purchase and five percent are planning to open a new practice.
The survey data also suggest that younger dentists may find increased opportunities in ownership and private practice as existing practitioners seek to grow their business.
Information was obtained from a survey of members of the ADA Advisory Circle, a representative sample of ADA membership, during Q1 2018. Overall, 70 percent of respondents identified as practice owners and 30 percent identified as non-practice owners.