Dental News - Survey reveals Australian dental product suppliers face rising costs

Dental Tribune International

Mon. 13. August 2018

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CANBERRA, Australia: To allow manufacturers and suppliers of dental products to express their level of business confidence in the industry, the Australian Dental Industry Association (ADIA) conducts the Australian Dental Products Business Conditions Survey on a quarterly basis. According to the results of the most recent survey, there is an overall feeling that the industry is facing some challenges, mostly due to rising costs.

“Businesses that supply the products used by dentists and allied oral healthcare professionals are facing challenges that range from rising electricity costs to higher prices associated with importing products from overseas. This doesn’t diminish the dental industry’s commitment to making available the latest innovations, it just means that the businesses have increased challenges,” said ADIA CEO Troy Williams.

According to ADIA, the survey is a clear indicator that the Australian government needs to maintain its efforts to reduce bureaucratic hurdles. However, as reported by Dental Tribune International in April 2018, a new proposal by the Therapeutic Goods Administration for a tax on the supply of medical devices in the dental and medical industries may be doing the exact opposite.

Speaking about some of the positive aspects of the survey, Williams noted that the dental industry is growing, and the survey provides clear indication that businesses are employing more people. In addition, the survey revealed that large-scale trade shows such as ADX18 Sydney, Australia’s largest healthcare trade show, can positively influence sales volumes. This result Williams said reinforces ADIA’s commitment to providing the industry with “world-class trade shows”.

Summing up the results of the survey, Williams went on to say “ADIA member businesses want to invest in their business and want to create jobs. This survey shows they are being challenged by rising business costs and that’s why we need government to cut the red tape, which will lead to reduced compliance costs.”

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