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State of the Cosmetic Dentistry Industry 2017 Survey Report American Academy of Cosmetic Dentistry www.aacd.com

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Page 1: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

State of the Cosmetic Dentistry Industry 2017 Survey Report

American Academy of Cosmetic Dentistry www.aacd.com

Page 2: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

1

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

American Academy of Cosmetic Dentistry www.aacd.com

Table of Contents

About This Study...............................................................................................................................................................3

About This Report .............................................................................................................................................................3

Thanks to Our Supporters .................................................................................................................................................3

Respondent Demographics ...............................................................................................................................................4

AACD Membership Status .............................................................................................................................................4

Respondents by Job Title ..............................................................................................................................................4

Generational Trends......................................................................................................................................................5

Community of Practice ..................................................................................................................................................5

Student Debt .................................................................................................................................................................6

Years Until Student Debt is Retired ...............................................................................................................................6

Practice Profile ..................................................................................................................................................................7

Years in Operation ........................................................................................................................................................7

Practice Location...........................................................................................................................................................7

Size of Practice .............................................................................................................................................................8

Type of Practice ............................................................................................................................................................8

Scope of Practice ..........................................................................................................................................................9

Specialties ....................................................................................................................................................................9

Patients’ Proximity to Practice .....................................................................................................................................10

Dental Laboratories .........................................................................................................................................................11

Number of Labs Used .................................................................................................................................................11

AACD Labs .................................................................................................................................................................11

Lab Selection Factors..................................................................................................................................................12

Lab Considerations .....................................................................................................................................................12

In-Office Technology ...................................................................................................................................................13

Comprehensive Cosmetic Dentistry .................................................................................................................................14

Conversation Starters..................................................................................................................................................14

Number of Cosmetic Patients ......................................................................................................................................15

Materials .....................................................................................................................................................................15

Dollars and Cents ...........................................................................................................................................................16

Page 3: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

2

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Average Patient Spend on Cosmetic Services .............................................................................................................16

Total Revenues for All Dentistry Procedures ................................................................................................................17

External Financing ......................................................................................................................................................18

Types of Financial Assistance .....................................................................................................................................18

Revenues by External Financing/Financial Assistance.................................................................................................19

Frequency and Revenues for Top Cosmetic Procedures .................................................................................................20

Average Number of Procedures Performed .................................................................................................................20

Average Cost of Procedures........................................................................................................................................21

Average Number of Procedures by Member Type .......................................................................................................22

Average Cost Per Procedure by Member Type ............................................................................................................23

Survey Findings ..............................................................................................................................................................24

General .......................................................................................................................................................................24

Cosmetic Dental Practice Demographics .....................................................................................................................24

Cosmetic Dentistry Patients.........................................................................................................................................24

Cosmetic Dentistry in Dollars and Cents ......................................................................................................................25

Advantages Enjoyed by Members ...............................................................................................................................25

Appendix—Survey Questions ..........................................................................................................................................26

Page 4: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

3

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

About This Study

This single‐mode survey (email driving to an online instrument) of dental practices was conducted by the American

Academy of Cosmetic Dentistry (AACD) and Acuitim Marketing Research and Consultancy to better understand the

dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues—

and the patient makeup of this market.

Previous benchmarking surveys were conducted in 2004, 2007, 2011, 2013, and 2015 by Levin Group, Inc., Readex

Research, and AACD respectively. Data for the 2017 study was collected between October 26 and December 31, 2017.

The survey tool questions were updated to reflect the current landscape in the industry. A total of 363 responses were

tabulated, with fewer respondents completing the latter portion of the survey. The net number of respondents is noted on

each exhibit.

The invitation to participate was primarily offered via email to the AACD membership at large, but also distributed to non‐

AACD member dental professionals via social media and dental media partners to provide an outside‐in view of non‐member dental practices that derive income from cosmetic procedures.

About This Report

The first section of this report presents the complete set of survey results with brief narrative summaries of key survey

results and comparisons to 2015 data when applicable. Additionally, it includes selected comparisons between important

segments of the population of interest. The Survey Findings section provides a bulleted list of key survey results with

comparisons to previous years and segments of interest. The Appendix provides a copy of the survey instrument itself.

Thanks to Our Supporters

Thank you to the following companies for donating prizes awarded to survey respondents.

All-Star Dental Academy for donating 3 free months of All-Star Dental Academy LITE.

www.allstardentalacademy.com

Ivoclar for donating a Variolink Esthetic DC Promo Pack.

www.ivoclarvivadent.us

Page 5: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

4

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Respondent Demographics

AACD Membership Status

Seventy-eight percent of respondents (78%) were current AACD members and 22% were non‐members. This compares

to 74% members and 26% non-members in the 2015 survey. This included an increase in General Members (58%

compared to 49% in 2015), but fewer Accredited Members (15% compared to 20% in 2015).

Respondents by Job Title

Almost all respondents were dentists (95%), with lab technicians (4%) comprising most of the rest of the sample.

0%

10%

20%

30%

40%

50%

60%

Non-Member General Member AccreditedMember

AccreditedFellow

26%

49%

20%

5%

22%

58%

15%

6%

Pe

rce

nta

ge

of

Resp

on

de

nts

Respondents by Membership Status

2015 2017

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Dentist Lab Tech DentalHygienist

DentalAssistant

OfficeAdministrator

Other

85%

2%6% 5%

1% 2%

95%

4%0% 1% 1% 0%

Pe

rce

nta

ge

of

Resp

on

de

nts

Respondents by Job Title

2015 2017

360 and 363 responding

360 and 363 responding

Page 6: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

5

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Generational Trends

In 2017, more respondents are 55 or over (41%) compared to 2015 (34%). There are also slightly more respondents age

20 to 35 (25%) than in 2015 (20%).

Community of Practice

Over nine in 10 of respondents identified themselves as either general dentists (60%) or cosmetic dentists (32%). Almost

half of Accredited Members self-identify as cosmetic dentists (49%), while only 20% of non-members self-identify as

cosmetic dentists.

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

20-35 36-45 46-55 56 or over

20%

24%22%

34%

25%

18%16%

41%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Respondents by Age

2015 2017

0%

10%

20%

30%

40%

50%

60%

29%

60%

3%0% 1% 1%

7%

32%

60%

5%0% 0% 1%

3%

Pe

rce

nta

ge

of

Resp

on

de

nts

Respondents' by Type of Practice

2015 2017 353 and 355 responding

360 and 362 responding

Page 7: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

6

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Student Debt

One-quarter of respondents are currently paying off student debt, but few Accredited Members are still paying off student

debt (5%). Nearly half of non-members (48%) never had student debt, compared to 28% of members.

Years Until Student Debt is Retired

Respondents who are currently paying off student debt were asked how many more years until their debt is paid off. Most

(88%) will be paying off debt for five or more years, with one-quarter saying they would be paying off student loans for 20

years or more.

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Never Had Student Debt Student Debt is Paid Off Currently Paying OffStudent Debt

32%

44%

24%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Respondents by Student Loan Debt

2017

0%

5%

10%

15%

20%

25%

<5 yrs 5-9 yrs 10-14 yrs 15-19 yrs 20 yrs +

12%

22% 22%24% 24%

Pe

rce

nta

ge

of

Resp

on

de

nts

Years Until Student Debt is Retired

2017

361 responding (2017 only)

58 responding (2017 only)

Page 8: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

7

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Practice Profile

Years in Operation

As in previous years, slightly more than half of respondents are in practices that have been in operation for more than 20

years. There is a slight increase in newer practices that have been in operation fewer than five years, up from 14% in

2015 to 19% in 2017. This includes 28% non-members who are in newer practices.

Practice Location The trend shows migration away from suburban and rural settings to more urban environments. The percentage of

practices in urban locations increased by six percentage points since 2015 and a total of 15 percentage points in the last

10 years. The percentage now slightly exceeds the 38% of practices in suburban locations. Dentist under 35 years of age

(48%) and with less than 20 years in practice (48%) are the most likely to be in urban practices.

0%

10%

20%

30%

40%

50%

60%

< 5 yrs 5-9 yrs 10-15 yrs 16-20 yrs > 20 yrs

14%11%

14%9%

51%

19%

10% 10% 10%

52%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Axis Title

Years in Operation

2015 2017

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Urban Suburban Small Town Rural

34%

44%

18%

4%

40% 38%

17%

4%

Pe

rce

nta

ge

of

Resp

on

de

nts

Practice Location

2015 2017

352 and 362 responding

354 and 359 responding

Page 9: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

8

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Size of Practice Respondents were asked to indicate how many people in total (dentists and others) were employed by their practices,

both full and part‐time. Smaller practices (fewer than five employees) represent 26% of those surveyed, which is below

2015 results (21%) but similar to 2013 results. Larger practices employing 10 or more individuals make up nearly a third

(31%) of practices, which is the same as in 2015. In 2017, non-member practices are more likely to have less than five

employees (40%) compared to member practices (22%).

Type of Practice There are slightly fewer solo practitioners in 2017 compared to 2015, with slightly more respondents in corporate or

university practices included in the sample. Respondents age 35 and under are the least likely to be solo practitioners

(27%) and by far the most likely to be employed at a university practice (14%).

0%

5%

10%

15%

20%

25%

1-2 3-4 5-6 7-9 10-14 15 or more

5%

16%

25%23%

14%

17%

9%

17%18%

25%

15% 16%

Pe

rce

nta

ge

of

Resp

on

de

nts

Number of Employees

2015 2017

0%

10%

20%

30%

40%

50%

60%

Solo Practitioner Group Practice Corporate University

60%

33%

4% 3%

55%

32%

7% 6%

Pe

rce

nta

ge

of

Resp

on

de

nts

Type of Practice

2015 2017

354 and 362 responding

351 and 352 responding

Page 10: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

9

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Scope of Practice Almost all practices complete crown and bridge work. However, only about half offer orthodontics or aligners, with non-

members half as likely to offer aligners as members (29% compared to 58%). Practices of Accredited Members are more

likely to perform inlays or onlays (86%) than those of General Members (63%) or non-members (59%).

Specialties Almost all respondents claim to perform crowns, bridges, veneers, bonding and whitening, with fewer performing

orthodontics, plastic surgery, microabrasion or aligners. While eight in 10 members perform implants (80%) and

recontouring (81%), only about half of non-members complete these procedures (56% and 50%).

0%10%20%30%40%50%60%70%80%90%

100%98%

89% 89%84% 83% 81% 80%

67% 64%

52%44%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Procedures Completed in the Past Year

0%10%20%30%40%50%60%70%80%90%

100%94% 93% 92% 91% 89% 84%

75% 74%68%

54%42% 40% 37%

30%

Pe

rce

nta

ge

of

Resp

on

de

nts

Procedures/treatments Offered in Your Practice

358 responding

361 responding

Page 11: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

10

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Patients’ Proximity to Practice Two-thirds (65%) of respondents say their patients travel an average of 10 miles or less to get to the practice, but non-

members’ patients travel further. Forty-four percent (44%) of non-members’ patients travel 10 miles or less, compared to

72% of members’ patients, and 39% of non-members’ patients travel 11 to 24 miles, compared to 22% of members’

patients.

0%

10%

20%

30%

40%

50%

60%

70%

0-10 miles 11-24 miles 25-50 miles 50-100 miles 100 or moremiles

65%

26%

7%

1% 1%Pe

rce

nta

ge

of

Re

sp

on

de

nts

Patients' Proximity to Your Practice

2017 358 responding (2017 only)

Page 12: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

11

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Dental Laboratories

Number of Labs Used Use of a single laboratory is similar to 2015 and is seven points higher compared to 2013. Most respondents (59%)

indicated using two or three labs, while 28% used four or more laboratories. Non-members are more than twice as likely

to use only one lab (23%) as members (9%), while members are more than twice as likely to use four or more dental labs

(33%) as non-members (12%).

AACD Labs One-quarter (25%) identified their primary laboratory technician as an AACD member of some type. Twelve percent (12%)

identified their tech as an Accredited Member. This question was previously asked in two parts, with 18% identifying their

tech as an Accredited Member in 2015. This decline may have been influenced non-member responses, with only 4% of

non-members identifying their tech as an AACD member.

0%

5%

10%

15%

20%

25%

30%

35%

1 2 3 4 5 or more

11%

29%

34%

15%

11%12%

25%

34%

18%

10%

Pe

rce

nta

ge

of

Resp

on

de

nts

Number of Dental Laboratories Used by Your

Practice

2015 2017

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

An AACDmember

An AACDAccreditedMember

An AACDAccredited

Fellow

Not an AACDMember

Uncertain

13%10%

2%

42%

33%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Primary Lab is an AACD Member

2017

351 and 357 responding

360 responding (2017 only)

Page 13: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

12

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Lab Selection Factors In a question added in 2017, respondents that use more than one lab were asked why. Differing specialties is the primary

reason for using more than one lab. Other reasons were selected far less often, though it is notable that non-members are

more likely to use different labs for different materials (25%) than members (12%).

Lab Considerations Respondents were able to choose more than one answer indicating their primary considerations for deciding on a

laboratory. “Esthetic considerations” remained the top reason for selecting a lab (82%), increasing slightly compared to

2015 (76%). Meanwhile, procedure or specialty remained at (48%) and cost declined by seven percentage points

compared to 2015, with Accredited Members placing the least importance on cost (28%).

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Labs havedifferent

specialities

Labs usedifferent

technologies

Turn aroundtimes vary

Labs usedifferentmaterials

83%

22% 19%15%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Reasons for Using More than One Laboratory

2017

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Estheticconsiderations

Procedure orspecialty

Cost of case Turnaroundtime

Located in theUnited States

Do not usemore than one

lab

76%

48%43%

0 04%

82%

48%

36%

18% 15%

4%

Pe

rce

nta

ge

of

Resp

on

de

nts

Considerations When Selecting a Lab

2015 2017

308 responding (2017 only)

347 and 357 responding

Page 14: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

13

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

In-Office Technology Use of a chairside CAD/CAM system had a six-point increase since 2015. About one-third of respondents use a system

and another one-third are considering it. Larger practices with 10 or more employees are the most likely to use a

CAD/CAM system (50%), with AACD members using a system (37%) more often than non-members (24%).

0%

5%

10%

15%

20%

25%

30%

35%

40%

Yes, currently use No, but consideringpurchasing

No, not interested inchairside CAD/CAM

28%

32%

40%

34%32%

34%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

In-Office CAD/CAM

2015 2017 348 and 360 responding

Page 15: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

14

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Comprehensive Cosmetic Dentistry

Conversation Starters In 2015, respondents were asked to identify the primary person (staff and/or patient) initiating the discussion about

cosmetic procedures. In 2015, 26% of respondents said the patient initiated the conversation. In 2017, respondents were

asked more specifically which staff members discuss cosmetic procedures. While dentists are almost always involved

(98%), hygienists (67%) and clinical assistants (59%) also discuss procedures with patients at most practices. Non-

dentists are less likely to have these discussions with patients at non-member practices.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Dentist Hygienist TreatmentCoordinator/Office

Manager

Clinical Assistant

82%

42%

16%

28%

98%

67%

48%

59%

Pe

rce

nta

ge

of

Resp

on

de

nts

Staff Who Talk to Patients About Cosmetic Procedures

2015 2017 243 and 296 responding

Page 16: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

15

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Number of Cosmetic Patients There was a large increase in respondents that saw fewer than 25 cosmetic dentistry patients in the last year, with slightly

more than one-quarter in this lower category. It is notable that nearly half of Accredited Member practices saw 250 or

more cosmetic dentistry patients in the last year (46%), compared to 18% of General Members and 12% of non-members.

Materials In 2015, respondents were allowed to select all materials they would use themselves. In 2017, they selected only one.

Lithium Disilicate was clearly the preferred material. However, this preference for Lithium Disilicate is less among non-

members (50%) and respondents that work at a corporate practice (56%).

0%

5%

10%

15%

20%

25%

30%

1-24 25-99 100-249 250-499 500-999 1,000 ormore

13%

29%27%

17%

9%7%

28%

24%25%

10%

6% 7%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Number of Cosmetic Patients in Previous Year

2015 2017 240 and 227 responding

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Zirconia Lithium Disilicate Hybrid CeramicResin

Metal Ceramic

58%

84%

22%18%18%

75%

4% 2%

Pe

rce

nta

ge

of

Resp

on

de

nts

Materials You'd Use in Your Own Mouth

2015 2017 240 and 300 responding

Page 17: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

16

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Dollars and Cents

Average Patient Spend on Cosmetic Services Respondents were asked to indicate how much the average cosmetic dentistry patient spent on services in the past year

at their practices. More 2017 respondents say their average patient spent $5,000 or more (31% in 2017 to 22% in 2015).

Further, there are fewer respondents in the lower tier (19% reporting less than $1,000) representing a decline of fifteen

points compared to 2015.

In 2017, Accredited Members have a much higher average than any other group ($9,365), followed by respondents age

56 and over ($6,991) and those identifying themselves as cosmetic dentists ($6,934).

0%

2%

4%

6%

8%

10%

12%

14%

16% 15%

10%9%

13%

9%8%

15%

11%

5%

3% 3%

9%

6%

4%

15%

9%

11%

14%

15%

8%

3%

5%

Pe

rce

nta

ge

of

Resp

on

de

nts

Patient Spend on Cosmetic Dentistry Services

2015 2017

$0

$2,000

$4,000

$6,000

$8,000

$10,000

Average Patient Spend

$3,644 $4,686

$9,365

Average Patient Spend on Cosmetic

Procedures by Member Type

Non-Member General Member Accredited Member

226 and 291 responding

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

Average Patient Spend

$4,116

$5,477

Average Patient Spend on

Cosmetic Procedures

2015 2017

Page 18: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

17

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

Average Total Revenues

$523,585

$1,065,642

$1,602,823

Average Total Revenues for All

Dentistry Procedures (both cosmetic and non-cosmetic) by Member Type

Non-Member General Member Accredited Member

Total Revenues for All Dentistry Procedures

More respondents in 2017 say their total revenues were under $750,000 (43% in 2017 compared to 33% in 2015). This

may be related in part to the increase in newer (less than five years in practice) and smaller (one or two-person staff)

practices in this survey. It is also notable that most Accredited Members (71%) were in practices with more than one

million in revenues, compared to less than one in 10 (9%) among non-members. Accredited Members also have a much

higher average total revenue ($1.6 million) compared to non-members (0.5 million) or General Members (1.1 million).

0%

5%

10%

15%

20%

25%20%

13%

21%

11%13%

9%

14%

24%

19%

15%

11% 11%10%

11%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Total Revenues for All Dentistry Procedures (both cosmetic and non-cosmetic)

2015 2017 233 and 294 responding

$1,000,000

$1,050,000

$1,100,000

$1,150,000

$1,200,000

Average Total Revenues

$1,195,000

$1,081,000

Average Total Revenues for All

Dentistry Procedures (both cosmetic and non-cosmetic)

2015 2017

Page 19: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

18

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

External Financing

There has been no change since 2015 in the number of respondents offering third-party financing. This remains down six

points compared to the 2013 survey. There has been a five-point increase in the percentage of respondents who believe

financing increased the number of cosmetic patients. Members are more likely to offer third-party financing (79%) than

non-members (46%). Further, Accredited Members are the most likely to offer external financing services (90%) and to

believe those services increase the number of patients (85%).

Types of Financial Assistance

In questions added for the 2017 survey, over half of respondents (57%) said their practice accepts dental insurance, with

slightly over one-third (36%) accepting dental discount plans. AACD members are more likely than non-members to

accept insurance (63% to 33%), and non-members are more likely to accept discount plans than AACD members (48% to

33%).

70%

71%

72%

73%

74%

75%

76%

77%

78%

Offers third party externalfinancing services

Offering financing increased thenumber of patients

73% 73%73%

78%

Pe

rce

nta

ge

of

Resp

on

de

nts

Practices Offering Third-party External Financing

Services and Influence on Case Acceptance

2015 2017

0%

10%

20%

30%

40%

50%

60%

Accepts Dental Insurance Accepts Dental DiscountPlans

57%

36%

Pe

rce

nta

ge

of

Re

sp

on

de

nts

Practices Accepting Dental Insurance or

Dental Discount Plans

Percentage

236 and 296 responding

290 responding regarding insurance

296 responding regarding discount plans (2017 only)

Page 20: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

19

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Revenues by External Financing/Financial Assistance

An analysis of average total revenues in relation to acceptance of each type of financial assistance was completed.

Practices that offer third-party financing generate, on average, 50% higher revenues. Meanwhile, there is no evidence that

offering dental discount plans helps to increase revenues, with practices that do not accept these discounts averaging

25% higher total revenues. This may be related, in part, to the fact that far fewer AACD members accept these plans

compared to non-members. Meanwhile, there is only a slight difference in revenues based on acceptance of dental

insurance, with practices that accept insurance averaging 10% higher revenues.

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

Dental Insurance Dental Discount Plan Third Party FinancingServices

$1,120,482

$919,811

$1,199,879

$1,015,244

$1,173,797

$768,987

Ave

rag

e T

ota

l R

eve

nu

es

Relationship Between Financing, Insurance, and Discounts and Total Revenues

Accepts/Offers Does Not Accept/Offer

Page 21: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

20

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Frequency and Revenues for Top Cosmetic Procedures

Average Number of Procedures Performed The average number of procedures performed by each practice is down across the board. This may be related to the

increase in small practices (less than five employees) in the sample. However, the decline in bleaching and whitening

procedures is much greater than the decline for other procedures, and this may indicate a change in popularity of these

procedures or a shift to home solutions.

0

100

200

300

400

500

600

700

109

495.2

663.3

95.1 95.2138.6

60.7

417.8

577.6

81.0 79.0114.5

Ave

rag

e N

um

be

r o

f P

roce

du

res

Approximate Number of Procedures Performed in the Last Year

2015 2017(Base sizes vary by procedure)

Page 22: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

21

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Average Cost of Procedures The average cost of procedures is similar to 2015 in most cases. Veneers and inlay/onlay each had an increase of over

10%.

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

$357.00

N/A

$359.00

$2,241.00

$918.00

$1,172.00

$353.00

$1,246.00

$356.00

$2,299.00

$1,048.00

$1,313.00

Ave

rag

e C

ost p

er

Pro

ce

du

re

Average Cost Per Procedure

2015 2017

Page 23: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

22

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Average Number of Procedures by Member Type Accredited Members report more procedures are done by their practices for almost all types of procedures. Non-

members’ practices average slightly more implant procedures and perform more veneer procedures than General

Member practices.

0

100

200

300

400

500

600

700

800

37

316

478

99

45

10062

352

546

73 577974

689

747

94

161

221

Ave

rag

e N

um

be

r o

f P

roce

du

res

Average Number of Procedures by Member Type

Non-Member General member Accredited Member

Page 24: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

23

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Average Cost Per Procedure by Member Type Accredited Members report charging the most per procedure for all procedure types. General Members report charging

more per procedure than non-members for all procedure types except bleaching/whitening.

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$340

$852

$241

$1,695

$633

$904

$340

$1,173

$315

$2,285

$952

$1,281

$392

$1,637

$512

$2,628

$1,427

$1,591

Cost

Average Cost Per Procedure by Member Type

Non-Member General Member Accredited Member

Page 25: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

24

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Survey Findings

General

• A total of 363 responses were tabulated, with fewer respondents completing the latter portion of the survey.

• Seventy‐eight percent of respondents were American Academy of Cosmetic Dentistry (AACD) members. (pg 4)

• Previous benchmarking surveys were conducted in 2004, 2007, 2011, 2013 and 2015. Comparisons to 2015

results are shown in this report wherever applicable.

Cosmetic Dental Practice Demographics

• Ninety-two percent of respondents identified themselves as either a general or cosmetic dentist. (pg 5)

• One-quarter of respondents (24%) are still paying off student debt. Of those respondents, 88% will be paying off

that debt for five or more years. (pg 6)

• More than half of the practices reporting (52%) have been in operation for 20 years or more. (pg 7)

• Since 2007, there has been a migration away from suburban and rural settings to more urban environments,

which increased 15 percentage points in the past eight years. Urban practices (40%) now outnumber suburban

practices (38%) for the first time. (pg 7)

• Sixty percent of reporting practices have between three and nine employees. Practices with one or two

employees saw a four-point increase from 2015 (5%) to 2017 (9%). (pg 8)

• Over half of respondents (55%) indicate that they work in a solo practice environment, with another third claiming

affiliation with a group practice. (pg 8)

• Two-thirds of respondents (65%) say that their patients travel an average of 10 miles or less to get to the practice.

(pg 10)

• Most respondents (59%) indicate patronage of two or three labs. Most (83%) say they use multiple laboratories

because labs have different specialties. (pg 11 and 12)

• Twenty-five percent identify their primary lab technician as an AACD member. (pg 11)

• For 82% of respondents, “esthetic considerations” was the top concern in selecting which dental laboratory to

use. (pg 12)

• One-third (34%) of practices report using a chairside CAD/CAM system, with another third (32%) considering

purchasing one. (pg 13)

Cosmetic Dentistry Patients

• While almost all dentists (98%) discuss cosmetic dentistry with patients, hygienists (62%) and clinical assistants

(59%) also play a role in discussing procedures. (pg 14)

• Twenty-eight percent of practices report having less than 25 cosmetic dentistry patients in the last year, a fifteen-

point increase compared to 2015. (pg 15)

• Almost all practices (98%) perform crown and bridge work, with nine in 10 performing direct bonding as well as

beaching and whitening. About half perform orthodontics and tray aligners. (pg 9)

• About nine in 10 respondents personally completed crowns (94%), bridges (93%), veneers (92%), bonding (91%),

and whitening (89%). (pg 9)

• When asked to select what one restoration material the respondent would prefer to put in their mouth, three-

quarters (18%) chose Lithium Disilicate. (pg 15)

Page 26: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

25

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Cosmetic Dentistry in Dollars and Cents

• The amount the average cosmetic dentistry patient spent on services at respondents’ practices in the past year

increased, with only a combined 45% of respondents selecting the top five tiers available in the survey ($2,500 to

$20,000+), up eight points since 2015 and two points higher than 2013. (pg 16)

• When asked about total revenues for all dentistry procedures (cosmetic and non‐cosmetic) in the last year, 43%

of respondents selected the bottom two tiers (under $750,000), up 10 points since 2015. (pg 17)

• Seventy‐three percent of practices indicated they offered their cosmetic dentistry patients third-party external

financing services in the past year, which is the same as in 2015. Among those offering financing, 78% of

respondents reported that third‐party financing options helped patients get to a “yes” decision, which is up five

points since 2015. (pg 18)

• Over half (57%) accept dental insurance and slightly more than one-third (36%) accept dental discount plans. (pg

18)

• Practices that accept third-party financing average 50% higher total revenues compared to those that do not.

Meanwhile, those accepting dental insurance average about 10% higher revenues and those accepting dental

discount plans average 25% lower revenues compared to practices that do not accept these forms of financial

support. (pg 19)

• The average number of procedures performed by each practice is down about 15% for most types of procedures

compared to 2015, with the number of bleaching or whitening procedures performed down by over 40%. (pg 20)

• The average cost per procedure is similar to 2015 for most procedures, with an increase of about 10% for

veneers and inlays/onlays. (pg 21)

Advantages Enjoyed by Members

• Members charge more for the same procedures. (pg 23)

• Bleaching and whitening is the one exception, where members and non-members report about the same average

cost. (pg 23)

• For the other five types of procedures that were measured, General Members report average cost per procedure

that is forty percent higher than the amount reported by non-members. (pg 23)

• Accredited Members average 90% higher charges per procedure (nearly double the price) compared to non-

members. (pg 23)

• Average patient spend for Accredited Member is nearly three times as much as for non-members. (pg 16)

• Accredited Members practices do more business. (pg 15)

• With the exception of implant procedures, Accredited Member practices average more than twice as many

procedures as non-member practices for the remaining five types of procedures. (pg 22)

• Members have a chairside CAD/CAM system (37%) more often than non-members (24%). (pg 13)

• Staff other than dentists discuss cosmetic procedures with patients significantly more often at member practices,

particularly Accredited Member practices. (pg 14)

• Members use member laboratory technicians. It is notable that almost all non-members don’t use or are not

aware that they are using member lab techs. Only 4% of non-members identified their lab tech as an AACD

member. This compares to 20% among General Members and 60% among Accredited Members. (pg 11)

Page 27: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

26

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Appendix—Survey Questions

1. What is your AACD Membership Status?*

Member

Accredited Member

Accredited Fellow

Non-Member

2. I am a...*

3. What is your age range?

20-35

36-45

46-55

55-64

65 or over 4. Please enter your email address is you would like to be entered into a drawing for

a $50 American Express gift card.

5. In the past year, which of the following procedures has your practice completed?

(Check all that apply)

Crown and bridge work

Bleaching or whitening

Veneers

Direct bonding: Anterior

Direct bonding: Posterior

Implants

Removable prosthetics

Inlays or onlays

Orthodontics

Other cosmetic dental procedures

Tray aligners

6. How many years have you been in practice?

Page 28: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

27

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

Fewer than 5 years

5-9 years

10-15 years

16-20 years

More than 20 years

7. Please indicate where you are with student debt:

Never had student debt

Student debt is paid off

Currently paying off student debt 8. How many more years do you think it will be until your student debt is paid off?

Prefer not to answer

Number of Years:

9. In what type of community is your practice located?

Urban

Suburban

Small Town

Rural

10. How far, on average, do patients travel to get to your practice?

0-10 miles

11-24 miles

25-50 miles

50-100 miles

100 miles or more

11. How many people are employed at your practice (including dental team and

staff)?

1-2

3-4

5-6

7-9

10-14

15 or more

Page 29: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

28

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

12. What best describes your practice?

Solo practitioner

Group

Corporate

University

13. What kind of dentist would you classify yourself as?

Cosmetic Dentist

General Dentist

Prosthodontist

Endodontist

Periodontist

Orthodontist

Other

14. Which of the following procedures/treatments do you complete in your practice? Check all that apply.

Veneers

Whitening

Implants

Short-term ortho

Bonding

Periodontal plastic surgery

Dentures

Microabrasion

Recontouring

Bridges

Long-term ortho

Implant-supported dentures

Crowns

Tray aligners

Other

15. How many different dental laboratories does your practice patronize?

1

2

Page 30: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

29

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

3

4

5 or more

16. When deciding on a dental laboratory to use, which two are your primary considerations?

Cost of case

Esthetic considerations

Procedure or specialty

Do not use more than one lab

Turnaround time

Located in the United States

Other

17. Is your primary laboratory technician:

An AACD Member

An AACD Accredited Member

An AACD Accredited Fellow

Not an AACD Member

Uncertain

18. Does your practice use a chairside CAD/CAM system?

Yes, currently use chairside CAD/CAM

No, but considering purchasing chairside CAD/CAM

No, not interested in chairside CAD/CAM

Page 31: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

30

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

19. Which members of your staff talk to patients about cosmetic dental procedures?

Dentist

Hygienist

Treatment Coordinator/Office Manager

Clinical Assistant

Other

20. How many patients did your practice see for cosmetic dentistry procedures in the last year?

21. In the last year, how much did your average patient spend on cosmetic dentistry services?

Less than $500

$500-$749

$750-$999

$1,000-$1,499

$1,500-$1,999

$2,000-$2,499

$2,500-$4,999

$5,000-$9,999

$10,000-$14,999

$15,000-$19,999

$20,000 or more

22. Did your practice accept dental insurance for cosmetic dentistry patients in the

previous year?

Yes

No

23. Did your practice accept dental discount plans for cosmetic dentistry patients in

the previous year?

Yes

No

24. Did your practice offer cosmetic dentistry patients third-party external financing

services in the previous year?

Yes

Page 32: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

31

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

No

25. Do you believe that offering financing increased the number of patients who decided to have cosmetic procedures in your practice?

Yes

No

26. Which restoration material would you use in your own mouth? Choose one.

Zircon

Lithium Disilicate

Hybrid Ceramic Resin

Metal Ceramic

27. Please indicate the total revenues for all dentistry procedures (both cosmetic and

non-cosmetic) that your practice performed in the previous year.

Less than $500,000

$500,000-$749,999

$750,000-$999,999

$1.0 - $1.24 million

$1.25 - $1.49 million

$1.5 - $1.99 million

More than $2.0 million

28. Please report the approximate number of bleaching/whitening procedures your practice (including all associates) performed in the last year.

29. What is the average cost of a whitening procedure in your practice?

30. Please report the approximate number of crown and bridge work procedures your practice (including all associates) performed in the last year.

31. What is the average cost of a crown and bridge work procedures in your practice?

32. Please report the approximate number of direct bonding procedures your

Page 33: State of the Cosmetic Dentistry Industry · dynamics of the cosmetic dentistry market and determine the size and impact—in terms of procedures and revenues— and the patient makeup

32

Please attribute all data to the American Academy of Cosmetic Dentistry (AACD)

For more information, please contact [email protected] or visit www.aacd.com

practice (including all associates) performed in the last year.

33. What is the average cost of a direct bonding procedure (per tooth) in your practice?

34. Please report the approximate number of implant procedures your practice (including all associates) performed in the last year.

35. What is the average cost of an implant procedure in your practice?

36. Please report the approximate number of inlay or onlay procedures your practice

(including all associates) performed in the last year.

37. What is the average cost of an inlay/onlay procedure in your practice?

38. Please report the approximate number of veneer procedures your practice (including all associates) performed in the last year.

39. What is the average cost of a veneer in your practice?

40. On average, how many veneers do patients receive at once?

1-2

3

4 or more

the entire smile zone