PUBLISHER: The Business Research Company | PRODUCT CODE: 1559141
PUBLISHER: The Business Research Company | PRODUCT CODE: 1559141
Dental tourism involves traveling to another country for dental treatment. People often engage in this practice for various reasons, such as seeking more affordable dental care, accessing specialized treatments not available locally, reducing wait times, and enjoying a vacation alongside their dental work. Common procedures pursued by dental tourists include dental implants, crowns, veneers, and other cosmetic or restorative treatments.
The primary services offered through dental tourism include dental implants, periodontics, endodontics, dental prosthetics, orthodontics, pedodontics, oral surgery, dental cosmetics, and dental consultations. Dental implants, which are titanium artificial tooth roots that serve as a stable base for permanent or removable replacement teeth, are a significant driver of dental tourism due to their high quality and cost-effectiveness in countries with lower treatment costs. These services are provided by hospital chains, multi-specialty clinics, and independent practices. The target audience includes senior citizens, educational and business travelers, family travelers, and others.
The dental tourism market research report is one of a series of new reports from The Business Research Company that provides dental tourism market statistics, including the dental tourism industry's global market size, regional shares, competitors with a dental tourism market share, detailed dental tourism market segments, market trends and opportunities, and any further data you may need to thrive in the dental tourism industry. This dental tourism market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The dental tourism market size has grown rapidly in recent years. It will grow from $5.79 billion in 2023 to $6.49 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The historical growth can be linked to factors such as rising dental care expenses in developed nations, increased awareness of affordable treatment options overseas, improved internet access, the growing appeal of medical tourism, and a higher number of dental clinics.
The dental tourism market size is expected to see rapid growth in the next few years. It will grow to $10.35 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in the forecast period is driven by an expanding global middle-class population seeking affordable dental care, a growing acceptance of international accreditation standards for dental clinics, an increase in dental insurance coverage, a rising number of skilled and experienced dental professionals, and more collaborations between dental practitioners and tourism agencies. Key trends for the forecast period include the adoption of tele-dentistry for remote consultations and follow-ups, the creation of digital platforms for booking and reviewing dental tourism services, advancements in technology, the rise of technologically advanced dental clinics, and the incorporation of eco-friendly practices in dental tourism.
The growing incidence of oral diseases is anticipated to drive the expansion of the dental tourism market in the future. Oral diseases, which impact the teeth, gums, and mouth, include conditions such as dental caries, periodontal diseases, and oral cancer. The rise in oral disease cases can be attributed to several factors, including poor oral hygiene, unhealthy dietary practices, and insufficient dental care services. Dental tourism helps enhance oral health for individuals who might not have access to such treatments by offering affordable, high-quality, and timely dental care. For example, a November 2022 report from the World Health Organization (WHO) revealed that nearly half of the global population (45% or 3.5 billion people) suffers from oral diseases, with the majority in low- and middle-income countries. Additionally, untreated dental caries affect 2.5 billion people, severe gum disease impacts 1 billion, and there are 380,000 new oral cancer cases each year. Thus, the increasing prevalence of oral diseases is fueling the growth of the dental tourism market.
Key players in the dental tourism market are concentrating on providing high-quality and accessible dental care services to attract international patients. These services involve innovative and high-standard dental treatments that are readily available, ensuring effective care and improved oral health outcomes. For example, in October 2022, MOS Dental, a dental care provider based in Thailand, opened its 28th clinic in Bangkok. This new clinic aims to extend quality dental care to a larger network, featuring advanced equipment and offering services such as digital smile design and laser dentistry to enhance patient care and experience.
In May 2022, EC Healthcare, a medical service provider based in Hong Kong, acquired Mobile Medical International Holdings Limited for $5.28 million. This acquisition allows EC Healthcare to operate six health screening centers across New Territories, Kowloon, and Hong Kong Island, strengthening its market presence. Mobile Medical International Holdings Limited, a US-based company, specializes in aesthetic medical services.
Major companies operating in the dental tourism market are Aetna Inc., Apollo Hospitals Enterprise Ltd., Fortis Healthcare Limited, KPJ Healthcare Berhad, Raffles Medical Group, Prince Court Medical Centre, Dental Arch Gurgaon, FMS Dental Hospital, Clove Dental, Nexus Pharma, Dubai Dental Hospital, Franco-Vietnamese Hospital, Liberty Dental Clinic, Max Healthcare, Bangkok International Dental Center (BIDC), Medlife Group, Dent Ally, Oris Dental Centre, Imperial Dental Specialist Center, ARC Dental Clinic
Asia-Pacific was the largest region in the dental tourism market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dental tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dental tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dental tourism market induces revenues earned by entities by providing services such as cosmetic dentistry, root canal treatments, periodontal treatments and teeth whitening. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dental Tourism Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dental tourism market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dental tourism ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dental tourism market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.