Feedback from a survey on the impact of COVID on the dental profession has provided some optimism for 2021. The research consisted predominantly of practice principals, from a cross section of the UK. Clearly the last year had been a strain for all, with nearly 60% reporting the pandemic had either a significant or severe impact on their business, with 88% being forced to make considerable changes to their working practices.
As well as the understandable short-term impact on their plans, 70% reported their strategy for the next five years had also changed. But the profession appears to be optimistic for the future of the dental sector, with a solid 80% of respondents confirming that they believed there is still a potential for growth; one in four confidently declaring plans to buy a practice in 2021.
There was also positivity in the profession’s prediction over how long it might take to fully recover from the pandemic, 80% expecting a bounce back in the next three years (with an optimistic 25% believing that recovery was possible in 6-12 months). Lis Hughes from Frank Taylor & Associates concurred with the findings, “The number of enquiries we’ve had post lockdown has been both a pleasant and encouraging surprise. Anecdotally, COVID seems to have precipitated a change in both practice sales and purchases. I guess one thing it gave all of us is ‘thinking time’, and it would appear that for some, this was the push they needed to buy/sell”.
Back to Latest Articles
Find out how much your practice is worth from an expert.
Book Your Free Valuation
Whether you’re planning for the future, exploring your options or simply looking for trusted advice, our experienced team is here to help you make confident, informed decisions.
With decades of experience supporting dental professionals, we provide clear, practical advice tailored to your goals—helping you navigate every stage of practice ownership with confidence and clarity.
