Like pediatric medicine, children need specialists for their dental care as well. The needs of children require specialized care and that includes their teeth especially. No wonder the need for pediatric dentistry is quickly growing.
What does that mean for you? It means now is the perfect time to put up your pediatric dental office for sale. The market is primed to get you a lucrative price for your practice. Delaying putting your dental practice for sale could reduce its value as newer practices startup and become common.
Here are a few good reasons why now is the perfect time to work with dental practice brokers to start planning to put your practice up for sale.
Promotion of Pediatric Dentistry from Professional Organizations and Dental Hygiene Brands
The U.S. Bureau of Labor Statistics projects the dental industry to grow at a 19% increase between 2016 and 2026, and pediatric dentistry is predicted to grow at the same pace. What makes this incredible is that pediatric dentistry specialization is relatively new to the dental arena.
It’s a growing trend because more parents are electing specialized dental care for their children and dentists are rising to meet the demands of parents. The American Dental Association has been very supportive of pediatric dentistry because there are unique aspects of children’s and juvenile dental care that require specialization.
In addition to the ADA, many dental and medical organizations encourage parents to take their children to a pediatric dentist instead of a generalized practitioner for the very same reasons. The President of the American Academy of Pediatric Dentistry, Dr. James Nickman said:
One of the first actions parents and caregivers should take is to establish a Dental Home with a pediatric dentist. The American Academy of Pediatric Dentistry, the American Academy of Pediatrics, and the American Dental Association all recommend that parents establish a Dental Home – a home base for all of their children’s dental needs – by their first birthday. Additionally, it’s imperative to provide your child with a well-balanced diet which includes healthy fruits and vegetables for snacks. Finally, having a good home care routine with your child that includes parents brushing younger children and supervising older children. Your pediatric dentist can provide great tips for diet and home care, as well as provide information on your child’s overall growth and development.”
Beat the Crowd to Sell Your Pediatric Dental Practice
With major medical and dental organizations agreeing on the importance of taking children to a pediatric dentist, more young dentists will be looking to specialize in pediatric dentistry. If retirement has been on your mind, then now is the time to begin planning your exit strategy. Selling your practice now could net a very rewarding premium.
Whether you are ready to sell now or thinking of retirement a few years down the line, at Aptus Exchange we have brokers who can help you get your practice in tip-top shape and ready to sell.
