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21 July 2021

Cosmetic dentistry – a billion-dollar industry built on brighter smiles

Having the perfect smile has always been something many have rigorously tried to achieve. To achieve the perfect smile, many have turned to orthodontics to straighten their teeth, or various teeth whitening treatments.Procedures and treatments such as these are considered to be cosmetic dentistry, as they are viewed as dental work that is primarily performed for aesthetic purposes. This can include teeth whitening, braces, veneers and implants and more.

In North America, cosmetic dentistry has been steadily growing in popularity, making it the region with the second largest cosmetic dentistry growth in the world, with a compound annual growth rate (CAGR) of 6.9%.

Cosmetic dentistry has, in fact, become a huge stream of revenue worldwide. The global Cosmetic Dentistry Market was valued at USD 18.79 Billion in 2018 and is expected to reach USD 32.73 Billion by the year 2026.

This means big money for Dental Specialists and big spending on the part of consumers now and in the future. But since cosmetic dentistry is considered to be an unnecessary expense, most procedures and treatments aren’t covered by a patient’s health insurance.

Seeing as some procedures and treatments can cost anywhere between $1,500 to over $5,000, some patients might be more inclined to shell out the money if they didn’t have to pay entirely upfront.

Splitting up the cost of cosmetic dentistry

LendCare partners with healthcare and dental professionals to provide online financing solutions that are affordable for patients and easy for clinics.

Dental specialists can offer financing directly on their website or can text/email loan applications directly to their patients, to complete on their own device. Patients can complete their application within minutes and receive a credit decision within seconds.

LendCare pays for a patient’s treatment or procedure within a matter of days, and your patients pay us in manageable bi-weekly or monthly installments, with no risk to your business.

Learn more about our dental financing solutions by visiting our healthcare financing page HERE, or email us at: enroll@lendcare.ca to start offering financing at your dental clinic today.


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