The Philippines Dental Services Market is expected to generate ~ $1.7 Bn in revenue terms owing to rising awareness among consumers and increasing dental tourism: Ken Research

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Feb 01, 2023, 05:56 ET

GURUGRAM, India, Feb. 1, 2023 /PRNewswire/ -- Philippines Dental Services Market is currently in a growing stage owing to rise in urban population, government initiatives, general awareness and upgradation in technology. Upcoming technologies such as Cloud-based software, Robotics and advancements in present technologies such as 3D Printing and Laser dentistry will fuel to the market growth.

Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies, including dental caps, dentures and drills.
In the coming future, the market is expected to be dominated by the Dental clinics; however, the hospitals are expected to contribute to the growth of overall market. Dental Clinics market size in terms of revenue is expected to grow with a CAGR of 6.4%, 2021-2026F.
The rising Dental consciousness among the Filipinos, along with the growing purchasing power, is expected to contribute to the market growth over the forecast period.

Rise in Dental Tourism: Philippines is an attractive destination for dental tourists due to low prices for dental services. The market was affected during Covid 19 due to cross-border restrictions, however, post-Covid, dental tourism has returned to normal and has contributed to the market revenues.

Introduction of New Improved Technologies: The market for dental services is predicted to develop significantly throughout the forecast period as a result of improvements made to currently offered services as well as the introduction of new and enhanced technology, such as drills, dental caps, and dentures. The demand for proper training and education on digital dentistry solutions from professionals and students is rising, which will further boost the effectiveness of the nation's dental care sector. With the development and improvement in traditional technologies, doctors will be able to spend more time on responsibilities relevant to patient care and contribute to the continued expansion of the dental services industry in the Philippines.

Increasing Urban Population opting for Orthodontic treatments: Although most of the population of the Philippines currently lives in remote and rural areas, the country is witnessing major population migration from rural to urban areas. This shift is expected to continue to increase, contributing to the increased utilization of dental services in these regions. The Philippines is considered the selfie capital of the world and wearing braces is very common in the country, especially among teenagers, which is expected to drive the growth of the dental services market in the country.

Analysts at Ken Research in their latest publication "Philippines Dental Services Market Outlook to 2026F – Driven by Rising Oral Health Awareness, Growing Economy and Dental Tourism in the Philippines" observed that the Dental Services market is an emergent healthcare market in the Philippines at a rebounding stage from the economic crisis after the pandemic. The rise in the prevalence of dental diseases and orthodontics treatments is expected to contribute to market growth over the forecast period. The Philippines Dental Services Market is expected to grow at a CAGR of 5.9% over the forecasted period 2021-2026F, due to a rise in dental tourism, a rise in urban population and an upgradation in technology.

Key Segments Covered

Philippines Dental Services Market

By Types of Services

General Dentistry
Orthodontics
Oral Surgery
Periodontics
Endodontics
Cosmetic Dentistry
Prosthodontics
Dental Implants
Pediatric Dentistry and Others

By Revenue Division

Domestic
International Tourist

By End Users

Dental Clinics (Organized + Unorganized)
Hospitals (Public + Private)

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By Dental Clinics

Unorganized Dental Clinics
Organized Dental Clinics

By Cities

Manila
Davao
Cebu
Iloilo
Others

Key Target Audience

Dental Service Providers
Dental Equipment Distributors
Dental Equipment Manufacturers
Dental Clinics
Hospitals
Healthcare Companies
Pharmaceutical Companies
Tourism Agencies
Market Research and Consulting Firms
Government Bodies & Regulating Authorities

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Time Period Captured in the Report:-

Historical Period: 2018-2021
Base Year: 2021
Forecast Period: 2022– 2026F

Companies Covered:-

Dental Services Providers

MetroDental
GAOC
Smile Makers Dental
Urban Smiles
NovoDental
Whitehouse Dental Clinic
Affinity Dental
Dental World Manila
Green Apple Dental
DentaGem
BrightSmile Avenue Dental
Elevate Dental

Key Topics Covered in the Report

Philippines Healthcare Overview
Philippines Dental Services Market Overview
Ecosystem of Philippines Dental Services Market
Business Cycle and Genesis of Philippines Dental Services Market
Market Sizing Analysis of Philippines Dental Services Market: Revenue, 2018-2021
Philippines Dental Services Market Segmentation (By Type of Services, By End Users, By Dental Clinics, By Revenue Division, By Cities), 2021
End User Analysis of Philippines Dental Services Market
Industry Analysis of Philippines Dental Services Market
SWOT Analysis of Philippines Dental Services Market
Key Growth Drivers in Dental Service Market in Philippines
Trends Driving Adoption Of Digital Innovation
Major Challenges and Bottlenecks in Philippines Dental Services Market
Regulatory Framework in Philippines Dental Services Market
Competition Framework for Philippines Dental Services Market
Market Share of Major Dental Services Providers in Philippines Dental Services Market
Cost Sheet of Major treatments and Price List of major Players
Impact of Covid-19 on Philippines Dental Care Market
Future Outlook and Projections of the Industry, 2021-2026F
Market Opportunity and Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

Philippines Dental Services Market

Related Reports by Ken Research:-

UAE Dental Services Market Outlook to 2027F- Rising Awareness for Overall Aesthetics and Adoption of New Technology by Dentists is Driving the Dental Services Market

The UAE Dental Services Market witnessed significant growth during the period 2022-2027F owing to a rise in general awareness about dentistry and rising general dental check-ups. The rising Dental consciousness among the Emiratis along with the increased spending on oral health is expected to contribute to the market growth over the forecast period. The dental services market is anticipated to witness significant growth due to the improvements in already existing services along with the introduction of new improved technologies and supportive government policies.

Thailand Dental Services Market Outlook to 2026F- Driven By Rising Dental Awareness and Government's Strong Initiatives in Healthcare System

According to Ken Research estimates, the Thailand Dental Services Market grew from approximately ~$ 1.1Bn in 2018 to approximately ~$ 1.2 Bn in 2021 and is forecasted to grow further into a ~$ 1.7Bn opportunity by 2026F, owing to the growth in the urban population, ageing population, rising dental tourism and government's initiatives in healthcare. The rates of dental health care services offered in the Thailand are comparatively lower than in other countries such as Canada or Japan, this attracts a lot of international tourists adding to the revenue generated by the dental services market in Thailand. The Statistics show that Thailand has a 1:3,900 dentist-to-population ratio. Many dentists in Thailand get their degrees and training from European nations or the US and return to their home country for practicing dentistry.

KSA Dental Services Market Outlook to 2027F- Driven by Rising Oral Health Awareness, Demand for Aesthetics among Saudi Arabians and Government Initiatives

According to Ken Research estimates, the KSA Dental Services Market grew from ~$1.7 Bn in 2018 and ~$ 2 Bn in 2022P owing to the rise in oral health awareness, inclination towards a healthier lifestyle and rising demand for aesthetics and is forecasted to grow further ~$ 3 Bn by 2027F due to improvements in the Saudi healthcare sector by KSA government. Factors like rising oral health related diseases, technological advancements in dentistry along with an inclination toward the use of minimally invasive procedures and artificial dentistry are propelling the growth. KSA has a total of 504 hospitals of which 337 hospitals are under MOH and 167 private hospitals. There are 201,489 healthcare workers and ~26,000 Dentists in 2022P.

India Dental Services Market Outlook to FY'2027F – Driven By Rising Dental Awareness, Dental Tourism, Lower Dental Services Cost and Government's Strong Initiatives in Healthcare System

India has well-equipped hospitals and dental clinics offering high quality services. India Dental Services market is currently at the growth stage owing to rising personal attention, demand for cost efficiency and technological advancements. India Dental Service Market is a highly fragmented market with Clove Dental as the market leader in the market owing to their highest number of dental clinics and number of dentists and employees per clinic across India. Other players in the market includes Partha Dental Skin & Hair, Orthosquare Dental Clinic, Sabka Dentist, Apollo White Dental.

The market is expected to grow at a robust CAGR of 9.6% over the period 2022-2027F owing to Government initiatives as well as the increase in private practices and specialty chains across the country. The affordable cost and high quality of treatments will increase the market share of international tourists in the forecasted period.

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