Top 10 Reasons Why A Dentist In USA and Europe Earns 10 Times More
In this post, we will discuss the top 10 reasons why the dentists from the USA and European countries are the richest dentists in the world?
2. Excessively Huge Number of Dentists in India and Asian countries working in Urban areas
It is the cause why new generation Indian Dentists are suffering.
The sheer number dentists coming out is HUGE !!!
Per year Minimum 30,000 Dental graduates
(Govt + Private Combined)
Private /Government dental colleges in last decade have produced so many dental graduates that have now become a huge problem as almost all the dentists (new & old) are trying to establish their practice in Urban areas.
In 5 years there are 1.5 million Dental graduates fighting for their space in urban locations. This fierce crowding leads to an immense struggle to grab dental patients and to excel as a dental surgeon.
” Where are the patients “
Where is the market to accommodate all the dentists in Urban areas ???
It results in a decrease in valuation. It is simple logic.
You over-flood the market with a product. What will happen ??
The prices will decrease.
Recently we completed a survey taking opinion from more than 1000 dentists. Our goal was to assess that for dentists – which is the prime practice target area. It was surprising to know that in spite of many benefits in practicing in small towns, dentists were still willing to struggle in the urban areas.
Where to Set Up Your Dental Practice – Urban Areas vs Small Towns?
In this post, we will explore the possibilities and advantages/disadvantages of opening a dental practice in a small town compared to much wanted urban areas. Therefore, this post is aimed at both new dental graduates and also for experienced dental practitioners who wish to expand further.
To survive in this crowd, Indian and South Asian dentists have now resorted to many negative tactics like name shaming the fellow dentists and reducing the treatment costs below expected levels.
Due to the vast number of dental graduates the prices of treatments are ever falling. And to add to the domino effect, the unwillingness of dentists to practice in small towns and rural areas in adding to this pressure.
In the urban areas, it has now come to a stage akin to bottleneck effect where every dentist is trying to jump out of the bottle through the narrow opening.
To retain the patient dentists are willing to compromise on the prices. Patients are bargaining with new upcoming dentists taking advantage of their insecurities.
In contrast, the scenario in the USA and European countries are diametrically different. Thus, it is no surprise that they maintain such a high living standard.
The thought process of young dental graduates in the USA & European countries.
I am going to be a dentist and in demand:)
So, why dentists are limited in number in the developed countries?
The cost of dental education is extremely high (much higher than the cost prevalent in Asian Countries), and the selection process is very stringent.
Unlike India & other Asian countries where anyone can become a dentist in the USA/Europe very few get selected to be a dentist. In fact, very few people even apply for a Dental school owing to the prices of completing the dental education.
Apparently, when they pass out, they are in a situation which is better than the fighting situation among dentists in Asian countries and in India.
Also, dentists in the USA and Europe maintain a uniformity of price. They hardly ever go down below a certain average unlike in India where there is almost a war of which dentist can provide the treatment at the cheapest price.
It naturally leads to a real income as a professional. Therefore the dentists in the USA and Europe are having much higher Annual or monthly income than dentists from other parts of the world.
See Next Slide
Quacks taking away millions of Dentist’s money
(That’s one Hidden reason that’s adversely affecting Dentistry in South Asian Countries)
