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Dental Tourism Market by Service (Dental implants, Orthodontics, Dental cosmetics, Dental prosthetics, Other services), by Traveler (Incidental, Business), by End-use (Hospital, Dental clinics, Multi-specialty clinics, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Dental Tourism market was valued at USD XXX Billion in 2023 and is projected to reach USD XXX Billion by 2032, with an expected CAGR of 14.2% during the forecast period.It involves traveling to another country for the purposes of seeking dental care because dental care is often cheaper, shorter wait times are involved, and high-tech procedures are accessible in those countries. The most visited countries in this form of tourism include Mexico, Costa Rica, Thailand, and Hungary, for instance, whose dental services tend to be cheap compared to other developed countries. This has greatly affected the world dental sector, with opportunities for the cheap care service seekers and healthcare service providers in the emerging market economies.
The market is characterized by a moderate level of concentration, with a few key players holding a significant market share. The competitive landscape involves both established players and emerging startups, each providing a wide range of dental services. Innovation plays a crucial role in the market, with companies continuously investing in research and development to introduce cutting-edge technologies and treatments. Regulations, such as those related to the safety and sterilization of dental equipment, have a moderate impact on the market. Product substitutes, such as over-the-counter dental products, have a low level of impact. End-user concentration is moderate, as dental services cater to both individual patients and insurance providers. The level of M&A activity is low to moderate, with occasional acquisitions and mergers aimed at expanding service offerings or geographical reach.
The increasing affordability of dental treatments in developing countries, such as Mexico, India, and Thailand, is a significant trend driving the growth of dental tourism. The emergence of medical tourism packages, which combine dental treatments with leisure activities, is also attracting more tourists to these destinations. Technological advancements, such as 3D printing and computer-aided design, are improving the accuracy and efficiency of dental procedures, making them more accessible and affordable. The rise of social media and online reviews is also influencing the market, as patients are increasingly seeking recommendations and sharing their experiences with dental tourism.
Market Size and Growth: The market size is projected to grow from $7.7 billion in 2023 to $19.4 billion by 2030, exhibiting a CAGR of 14.2%.
Market Share: The leading players in the market hold a significant market share, with newer entrants striving to gain traction.
Growth Factors: The market growth is attributed to factors such as cost savings, advanced technology, increased awareness of dental tourism, and government support.
April 2023: Fortis Healthcare Limited announced the acquisition of Medeor Hospital, expanding its dental and oral health care portfolio.
February 2023: Mount Elizabeth Hospital acquired Naeotom Alpha, enhancing its diagnostic and treatment capabilities.
1. Service
2. Traveler
3. End-use
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 14.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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