Christie & Co has launched its first report on the UK dental market, covering pay rates and staff shortages.
Staffing, Brexit and the Dentist Shortage shows how the market has changed over the last few years.
The report includes emerging workforce trends, regional differences in relation to supply and NHS dentists’ pay rates.
‘We are thrilled to launch our inaugural report on the dental sector, while celebrating five years since Christie & Co launched into the dental practice sales market,’ Simon Hughes, managing director – medical, said.
‘While the report highlights key challenges facing the dental sector and especially operators.
‘Demand for quality practices is exceeding supply in most areas and market segments across the UK.
‘There is no doubt that the dental market landscape is changing and diversifying.
‘Cash flow generation, strong underlying profit potential and a fragmented marketplace have also made the dental sector attractive to banks and a wide range of UK and overseas investors.
‘We can certainly look forward to strong interest across the dental industry for the foreseeable future.’
Dental workforce numbers have increased year on year since 2014, despite the number of EEA qualified dentists dropping.
Despite the increase in workforce numbers, many practices still struggle to recruit and retain dentists and dental care professionals.
The report also shows that staff quality and UDA contract fulfilment are key challenges facing operators.
‘The Dental Industry 2018 report bridges the gap in information on workforce challenges impacting the dental sector,’ Michael Hodges, head of consultancy – healthcare at Christie & Co said.
‘This follows the release of our adult social care report on the care sector’s funding and staffing challenges.
‘It’s essential the Government recognises that whilst there are some common issues, the dental sector will require more bespoke policy solutions.’
The full report will be available to access from 5.30pm on the Christie & Co website here.
Dentistry.co.uk will be covering the report in more depth every day next week.
You may also be interested in: