Friday, 7 July 2023

Dental Tourism Market: Advanced Technologies and Growth Opportunities Worldwide By 2030

 Dental Tourism Market Growth & Trends

The global dental tourism market size is expected to reach USD 43.9 billion by 2030, registering a CAGR of 22.0% over the forecast period, according to a new report by Grand View Research, Inc. The industry is expanding significantly due to factors, such as high insurance premium prices, an increase in the number of uninsured & underinsured persons in developed countries, and lengthier waiting times in the home country. In addition, cheaper air rates, easy availability of superior healthcare treatments, and the tourism component all contribute to the advantages of outbound dental tourism. The selection criteria for dentists for medical tourists depends on variables including cost, accessibility, and service quality. According to a report published by Congress the "Dental Crisis in America" found that almost 50% of Americans lack dental insurance.

On the other hand, the National Health Service (NHS) in the U.K. handles a portion of the cost of dental care. In developed nations like Australia, dental care is also quite expensive for individuals with dental insurance. In Australia, dental implants and cosmetic dentistry are not covered by dental insurance. The COVID-19 pandemic in 2020 resulted in significant challenges for the dental industry, including reduced activity and constraints on dental office operations. Unlike businesses that were able to transition to work-from-home in response to the pandemic, the personalized & hands-on nature of patient care by dental professionals could not be done remotely. As countries began instituting lockdowns in early 2020, dental tourism experienced reduced demand for incoming patients in Asia, Europe, the U.S., and various other markets.

Request a free sample copy or view report summary: Dental Tourism Market Report

Dental Tourism Market Report Highlights

  • Based on services, the dental implants segment held the largest revenue share in 2022.The rising incidence of dental injuries due to car accidents and sports injuries are factors supporting the need for dental implants
  • The dental cosmetics segment is expected to grow significantly in the coming years. Cosmetic dentistry is thriving because developing nations have created a great quantity of disposable wealth
  • The dental clinics segment accounted for the largest revenue share in 2022 and is expected to witness a lucrative growth rate over the forecast period. The rising number of independent dentistry clinics, as a result of increased competition among providers and the demand for cost-effective treatments, will support the segment growth
  • Asia Pacific dominated the industry in 2022 due to various factors, such as the availability of highly skilled & experienced dentists, superior dental infrastructure, and regional government permissions for foreign patient intake at medical institutions
  • Europe is expected to witness the fastest CAGR over the forecast period due to the high adoption of the French healthcare system as an alternative to the American healthcare system owing to the growing medical prices in the U.S. for various treatments including dental care, women’s care, preventive care, cancer treatment, cosmetic surgery, and other major surgeries/treatment procedures

Access Press Release@ https://www.grandviewresearch.com/press-release/global-dental-tourism-market

Dental Tourism Market Segmentation

Grand View Research has segmented the global dental tourism market based on service, provider, and region:

Dental Tourism Service Outlook (Revenue, USD Million, 2017 - 2030)

  • Dental Implants
  • Orthodontics
  • Dental Cosmetics
  • Others

Dental Tourism Providers Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals
  • Dental Clinics
  • Others

Dental Tourism Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
    • US.
    • Costa Rica
  • Europe
    • Italy
    • Spain
    • Poland
    • Czech Republic
    • Hungary
  • Asia Pacific
    • Japan
    • China
    • India
    • Thailand
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Israel

List of Key Players ofDental Tourism Market

  • Franco-Vietnamese Hospital
  • Apollo Hospitals Enterprise Ltd.
  • Fortis Healthcare
  • Clove Dental
  • Medlife Group
  • Raffles Medical Group
  • Oris Dental Centre
  • Dubai Dental Hospital
  • Imperial Dental Specialist Center
  • Liberty Dental Clinic
  • ThantakIt International Dental Center
  • ARC Dental Clinic

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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