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?
We are analyzing why the dentists in the USA and European countries are 10 times richer than the dentists in India and other South Asian countries.
4. Unity Among Dentists
It is one major point that is almost absent in the Indian/Chinese & Asian dental market.
Asian dental market has two sections – seniors practitioners & young fresh professionals.
You have to understand that the Indian mentality is such that the longer you are sitting in the market, the bigger you are as a dentist. Patients start flocking your practice for treatment, and the dentist ends up making enough money. It is the case with all the senior dentists who had passed dental degree 10 to 15 years back.
But for the new dentists, the scenario has changed completely.
Lifestyle cost has increased, and they have to compete with hundreds of other new dentists.
In all this internal competition there is no uniformity in the profession.
The prices for treatment vary a lot.
Some keep it too cheap and to compete with the low price another dentist also reduces the price even lower.
All this doesn’t affect the senior practitioners as they are already well established as a brand. They just don’t care anymore as they are now reaping the benefits of their long years of being in the market.
They keep their prices (different and higher from young dentists) which patients pay them without any question, and the young graduates are left to fight the battle within themselves. As a result, the young dentists are making life difficult for each other.
In western countries, there is a proper governing body that keeps regulation on the prices of dental treatment. So, that the patients are not exploited, and the dentists also get their due. Dentists do not get into the habit of reducing the prices below the minimum acceptable level. That is why dentists over there lead a very low-stress life compared to Asian dentists and earn a lot more.
