The Thailand Dental Services Market is expected to contribute ~$1.7 Bn owing to ageing population, rising dental tourism and government's initiatives in healthcare: Ken Research
GURUGRAM, India, Jan. 11, 2023 /PRNewswire/ -- Thailand Dental Services Market is at a growing stage and has highly fragmented market with MOS Dental as the market leader. Country has 200+ organized clinics and 5,000+ unorganized clinics. Thailand dental services market is in growth stage as there is moderate growth owing to rising independent dental clinic chains and dental tourism.
- The Kingdom of Thailand wants to stimulate its economy by becoming an international hub for medical and dental treatment.
- Cosmetic dentistry and implants are the growing field in the near future. This is because cosmetic dentistry is usually expensive but travelling to a dental hub like Thailand saves a lot of cost.
- The government is also increasing insurance coverage for dental care services through their public health schemes which would further increase demand for dental services.
Rising Dental Services Market: The rising age of the population is gearing them towards better oral health practices as well as increasing their demand for dental treatments. Dental services market is anticipated to witness significant growth over the forecast period due to the increasing accessibility, rising dental tourism and government initiatives.
Rise in the number of Dentists: The number of dentists is expected to rise in the coming years owing to the new opportunities in the dental services market. The increase in the overall population and dental tourism are considered to be the factor for these developments. The total number of Dentists in Thailand was 17,738 in 2021 growing with expected CAGR of more than 9 % over the period 2021-2026F. By 2025, the Thai population per dentist is expected to be around 2,500 people.
New Government Policies: The government provides dental coverage in its national insurance schemes for simple procedures and has introduced initiatives to expand access and awareness. The Thailand National Digital Healthcare Workforce Development Initiative (WDI) was officially launched to focus on the development of a three-year work plan to address the demand of patients for digital healthcare services in light of the Thailand 4.0 digitization journey.
Analysts at Ken Research in their latest publication "Thailand Dental Services Market Outlook to 2026F- Driven By Rising Dental Awareness, Dental Tourism, Lower Dental Services Cost and Government's Strong Initiatives in Healthcare System" by Ken Research observed that Dental Services market is an emergent healthcare market in Thailand at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, dental consciousness among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.1% CAGR during 2021-2026F owing to increasing accessibility, rising dental tourism and government initiatives.
Key Segments Covered in the report:-
Malaysia Dental Services Market
By Type of Services
- Endodontics
- Orthodontics
- Prosthodontics
- Cosmetic Dentistry
- Periodontics
- Others
By Institutions
- Hospitals
- Dental Clinics
By Dental Clinics
- Organized Clinics
- Unorganized Clinics
By Revenue
- International Revenue
- Domestic Revenue
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By Cities
- Chonburi
- Bangkok
- Mueang Nonthaburi
- Udon Thani
- Other Cities
Key Target Audience
- Dental Clinics
- Dental Equipment Manufacturers and Distributors
- Dentists
- Hospitals
- Market Research and Consulting Firms
- Healthcare Companies
- Pharmaceutical Companies
- Tourism Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:-
- Historical Period: 2018-2021
- Forecast Period: 2021-2026F
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Companies Covered:-
- LDC Dental Clinic
- MOS Dental Clinic
- Delta Joy
- Smile Signature
- Thantakit
- Siamdent
- BFC Dental
- Sea Smile
- Beauty Smile
- Bangkok New Smile
- Thantakit International
- Zenitoni
- Smile Dental Group Pattaya
Key Topics Covered in the Report:-
- Thailand Healthcare Overview
- Thailand Dental Services Market Overview
- Ecosystem, Business Cycle and Genesis of Thailand Dental Services Market
- Thailand Dental Services Market Size by Revenue, 2018-2021
- Thailand Dental Services Market Segmentation (By Type of Services, By End Users, By Dental Clinics, By Revenue Division, By Cities), 2021
- End User Analysis of Thailand Dental Services Market
- Industry Analysis of Thailand Dental Services Market
- Key Growth Drivers in Dental Service Market in Thailand
- Trends Driving Adoption of Digital Innovation
- Major Challenges and Bottlenecks in Thailand Dental Services Market
- Regulatory Framework in Thailand Dental Services Market
- Competition Framework for Thailand Dental Services Market
- Market Share of Major Dental Services Providers in Thailand Dental Services Market
- Cost Sheet of Major treatments and Price List of major Players
- Impact of Covid-19 on Thailand Dental Care Market
- Future Outlook and Projections of the Industry, 2026F
- Market Opportunities and Analyst Recommendations
For more insights on the market intelligence, refer to the link below:-
Thailand Dental Services Market
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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.
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.
According to Ken Research estimates, the Philippines Dental Services Market – which grew from approximately $ ~1200 Mn in 2018 to approximately $ ~1300 Mn in 2021 – is forecasted to grow further into a $ ~1750 Mn opportunity by 2026F, owing to the growth in the urban population, inclination towards a healthier lifestyle, rise in general awareness related to oral health care, and a growing economy.
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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