The global dental tourism market is expected to grow primarily owing to a rise in the number of uninsured and underinsured individuals in developed countries. Dental clinics sub-segment is expected to flourish immensely. The market in the Asia-Pacific region is predicted to grow at a high CAGR by 2031
NEW YORK, June 19, 2023 /PRNewswire/ — Global Dental Tourism Market Forecast Analysis:
As per the report published by Research Dive, the global dental tourism market is expected to register a revenue of $21,544.1 million by 2031 at a CAGR of 13.9% during the forecast period 2022-2031.
Segments of the Dental Tourism Market
The report has divided the dental tourism market into the following segments:
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Service: dental implants, orthodontics, dental cosmetics, and others
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Provider: hospitals, dental clinics, and others
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Region: North America, Europe, Asia-Pacific, and LAMEA
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Dynamics of the Global Dental Tourism Market
The rise in dental issues and tooth loss is expected to make the dental tourism market a highly profitable one in the forecast period. Additionally, the accessibility of the most recent medical innovations in worldwide dental tourism areas is predicted to propel the market forward. However, the difficulty of getting a visa to enter some countries, as well as the requirement to pay for travel, airline, and hotel expenditures while obtaining a visa for dentistry tourism, which may be rather expensive, might become a restraint in the growth of the market.
Long wait periods for dental care locally, coupled with cheaper treatment costs and better services abroad, is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, the high affordability of more superior healthcare treatments at a cheap cost in developing countries, lower airplane fares, and the tourism aspect are expected to propel the dental tourism market forward in the coming period.
COVID-19 Impact on the Global Dental Tourism Market
The COVID-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The dental tourism market, too, was negatively impacted due to the pandemic. The enforcement of travel restrictions and strict regulations on medical tourism has impacted demand in the dental tourism sector globally. As a result, the options for travelers for dental technologies and procedures abroad decreased, which contributed to a decline in the market growth. These factors significantly hindered the market growth amidst the pandemic.
Key Players of the Global Dental Tourism Market
The major players of the market include
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Apollo Hospitals Enterprise Ltd
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Franco-Vietnamese Hospital
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Clove Dental
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Fortis Healthcare
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Medlife Group
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ARC Dental Clinic
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Oris Dental Centre
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Raffles Medical Group
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Dubai Dental Hospital
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Liberty Dental Clinic
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Imperial Dental Specialist Center
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ThantakIt International Dental Center
These players are working on developing strategies such as product development, merger and