IMPORTANT UPDATE: Due to COVID-19, additional documentation may be required for patients/applicants as part of the loan approval process. view more
Cosmetic Dentistry Is Sending Patients to Your Practice by the Hundreds! But How Can They Afford a Beautiful Smile?
The dentistry profession is booming, with cosmetic dentistry leading the way. Just take a look at these statistics:
- The need for licensed dentists is estimated to grow by 18% by 2024, with an expected 26,700 new dentists entering the profession.
- study conducted by Grand View Research, Inc. showed that the global cosmetic dentistry market is expected to reach $27.95 billion dollars by 2024.
- The American Academy of Cosmetic Dentistry estimates that around 99% of people think their smile is their most important social asset.
The recent, growing demand for cosmetic procedures is impacting nearly every dentist today. Some estimates suggest the number of dollars spent on cosmetic dentistry have more than doubled in the past five years, and according to a recent American Academy of Cosmetic Dentistry (AACD) survey, many procedures have experienced growth in excess of a whopping 200 percent.
Baby Boomers Aggressively Seeking Youthful Smile
What is driving this trend? The aging population and baby boomers who are active, fit, and redefining what the older generation looks like, and one of these features is a pretty and engaging smile.
One’s smile plays an important role in how people face the world. If teeth are crooked, discolored or otherwise don’t appear desirable, one is not going to feel comfortable smiling, laughing or talking. In fact, the American Academy of Cosmetic Dentistry estimates that around 99% of people think their smile is their most important social asset. According to www.nbc6.com, 92 percent of people surveyed said an attractive smile is an important social asset; 74 percent believe an unattractive smile could hurt one's chances of career success.
As people get older, teeth suffer the effects of wear and aging. Statistics show that 69% of adults ages 35 to 44 have lost at least one permanent tooth, most commonly due to accidents, gum disease, or a failed root canal procedure.
So what are patients opting for? Bonding, whitening, and veneers lead the way, followed by crowns, implants and bridges.
You Can Help Patients Afford Cosmetic Dentistry
Fixing one’s smile costs money and quite frequently, cosmetic procedures are not in one’s budget. In fact, the leading concern patients have with cosmetic procedures is cost, and a majority of patients say a financing solution would enable them to fix their teeth.
Here’s where Liquid Lending comes in. The company’s mobile-based technology makes patient financing easier. The innovative solution facilitates patient lending with payments made directly to providers like you with no fees or hidden loan discounts. Your patients will delight in how easy it is to apply for financing on an app they can download onto their phone or tablet in your office, get an instant decision and have a variety of affordable payment options from which to choose. The best part is you get paid directly, the next business day.
You benefit by acquiring and treating more cosmetic dentistry patients without sacrificing your bottom line. Additionally, the Liquid Lending solution alleviates the administrative burden of tracking patient payments or dealing with collections issues.
Now you can give your patients the bright, gleaming smile they want – at terms that work for both of you. Visit Liquid Lending at email@example.com to sign up today!