The Global Dental Tourism Market Size is expected to be valued at $21,544.1 million by 2031, surging from $6,159.7 million in 2021, at a noteworthy CAGR of 13.9%.
Impact Analysis of COVID-19 on the Dental Tourism Market
The COVID-19 outbreak in 2019 led to the implementation of stronger regulations to stop the spread of the contagious virus. Owing to the closure of nation borders, the number of travelers who sought medical attention abroad drastically decreased. The World Tourism Organization estimates that compared to the year 2019, there were 84% fewer visitors to Asia-Pacific. In addition, the hospitals and service providers' approval of necessary and urgent procedures resulted in the total shutdown of cosmetic, dental, and other services. For instance, the Indian government declared in March 2020 that non-essential elective procedures would be delayed due to increase in COVID-19 patients. The entry of medical tourists decreased as a result of rigorous regulations implemented globally that caused delays in operations. For instance, 3,894 tourists arrived worldwide in April 2020, the lowest number ever, compared to 118,070 in April 2019. This had a significant negative impact on the market's expansion in 2020.
However, the market is anticipated to gradually recover from the losses during the forecast period due to the reopening of nation borders and rise in patient visits for dental implants.
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Global Dental Tourism Market Analysis
The increase in demand to lower dental healthcare costs is expected to drive the market growth. Many families cannot afford the rise in price of dental care in their home nations, so they seek treatment in other countries. Dental insurance is difficult to obtain and frequently does not cover the expenses of all operations. The urgent need for treatment, combined with a lack of cost, drives the dental tourism industry expansion. The market is expected to expand further as the prevalence of periodontal disorders among children rises and the number of dental clinics with highly experienced and qualified dentists expands. These are the primary variables that are expected to boost dental tourism market size during the forecast period.
Low-cost therapies in some countries stimulate consumers to seek treatment, however, ethical issues such as lowering the quality of dental services are widespread, stifling patient development and limiting sales. Infection control management guidelines with standardized procedures for patient safety are required by the country's present healthcare institutions. Many countries fail to meet international requirements for patient safety and infection control, limiting the dental tourism market demand. Modern medical procedures demand specialized training, which medical device technology professionals lack in the absence of consistent and standardized training. Malpractices by dentists are projected to hinder the dental tourism market growth during the forecast period.
The global dental tourism market is being driven primarily by rise in cases of dental abnormalities and a surge in preference for cosmetic dentistry around the world. Less expensive treatment and better service in foreign countries, as well as long waiting times in one's own country for dental treatment are expected to boost market growth in the near future. During the forecast period, the market is likely to be hampered by dental malpractice. During the forecast period, the dental tourism market trend is expected to grow due to an increase in the number of medical tourism companies, increased awareness of dental tourism, and technological advancements such as telemedicine & m-Health.
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Global Dental Tourism Market, Segmentation
The global dental tourism market is segmented on the basis of service, provider, and region.
The service segment is further classified into dental implants, orthodontics, dental cosmetics, and others. Among these, the dental implants sub-segment accounted for the highest dental tourism market share in 2021. The increase in incidence of tooth loss, high demand for aesthetic dentistry, rise in per capita healthcare spending, and the introduction of technologically advanced products into the market are all major factors that drive the growth of the dental implants in dental tourism market. Dental implant placement is a popular method of replacing missing teeth. The elderly have a high prevalence of edentulism. As a result, demographic changes in the form of a rapidly ageing population are likely to drive dental tourism market growth.
By provider, the market is further classified into hospitals, dental clinics, and others. Among these, the dental clinics sub-segment accounted for the highest dental tourism market share in 2021. Increased competition and consumer need for affordable treatments are anticipated to lead to an increase in the number of independent dentistry clinics, which is expected to boost the segment's growth. The majority of dental patients visit private-practice dental clinics due to cost-effectiveness and the availability of specialists and technologically advanced equipment. The owners run more than 80% of dental practices. Globally, the number of independent practices has increased. The dental care industry faced numerous challenges during the early stages of the COVID-19 pandemic, as dentists' clinics were at high risk of spreading the infection. During the early stages of the pandemic, dental clinics were closed.
The dental tourism market analysis in Europe is projected to show the fastest growth. Factors such as the development of medical facilities and infrastructure in countries such as France, the UK and Spain, as well as the rise in trend of medical tourism drive the growth of the European dental tourism market. However, due to the coronavirus outbreak, these countries suffered significant market losses. A preventive approach to dental care and hygiene, the presence of independent clinics, increased R&D efforts in dentistry, and rise in disposable income levels all contribute to the high proportion. Government financing for dentistry programs is expected to increase, contributing to industry growth.
Key Players in the Global Dental Tourism Market
Some of the leading dental tourism market players
- 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
For instance, on 13th August 2020, in the midst of the COVID-19 pandemic, the government of Portugal announced the launch of its travel insurance scheme for international tourists, which includes medical, surgical, hospital, and pharmaceutical expenses to revive the tourism sector and ensure tourists' safety. An increasing number of inbound tourists is positively influencing market growth.
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