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Dental Tourism Market Anticipated to Garner $21,544.1 Million, Growing at a 13.9% CAGR in the 2022-2031Timeframe

10-01-2024 09:39 AM CET | Health & Medicine

Press release from: Research Dive

Dental Tourism Market

Dental Tourism Market

The global dental tourism market is expected to grow mainly due to a rise in uninsured and underinsured individuals in developed countries. The Asia-Pacific region is predicted to grow at a high CAGR by 2031.

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.

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Dynamics of the 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 might become a restraint in the growth of the market. Moreover, the high affordability of superior healthcare treatments at a cheap cost in developing countries, lower airplane fares, and the tourism aspect are expected to offer significant opportunities for the dental tourism market in the coming years.

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 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.

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Segments of the Market

The report has divided the dental tourism market into segments based on service, provider, and region.

By service, the dental implants sub-segment held the highest market share in 2021. The increased occurrence of dental injuries because of car accidents and sports injuries has fueled the necessity for dental implants, which is expected to boost the sub-segment in the 2022-2031 timeframe.

By provider, the dental clinics sub-segment was the most lucrative in 2021. The growing competition among dental care providers and the need for affordable therapies are anticipated to push the sub-segment forward.

By region, the Asia-Pacific dental tourism market held the largest share in 2021. The accessibility of dentists with extensive experience, superior dental infrastructure, and the large number of patients coming to Asian countries for medical treatment owing to the accessibility of lower-cost facilities are predicted to propel the market in the forecast period.

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Key Players of the Market

The major players of the global dental tourism market include Apollo Hospitals Enterprise Ltd., Franco-Vietnamese Hospital, Clove Dental, Fortis Healthcare, Medlife Group, ARC Dental Clinic, Oris Dental Centre, Raffles Medical Group, Dubai Dental Hospital, Liberty Dental Clinic, Imperial Dental Specialist Center, ThantakIt International Dental Center, and others. These players are working on developing strategies, such as product development, merger and acquisition, partnerships, and collaborations to sustain market growth.

Contact:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com

About Research Dive:

Research Dive is a market research firm offering actionable insights and extensive analysis of various markets across different verticals. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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