24 April 2023

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Dental tourism market to reach $21.5B by 2031: Allied Market Research

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According to a new report from Allied Market Research, the global dental tourism industry generated $6.2 billion in 2021 and is anticipated to generate $21.5 billion by 2031, witnessing a CAGR of 13.9% from 2022 to 2031. According to a April 10 news release, the report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Drivers, restraints, opportunities

The company said that increased tooth loss rates, high demand for cosmetic dentistry, rising per-person health care costs, and emergence of technologically advanced products drive the growth of the global dental tourism market. However, the strict government restrictions on prohibiting foreign medical treatment hinder the market growth. In addition, with the rise in the geriatric population and advanced health care options, dental tourism is becoming more and more popular worldwide, thus offering lucrative opportunities in the industry.

COVID-19 scenario

The COVID-19 pandemic had adverse effects on the dental tourism market worldwide, particularly in countries like India and China, which were popular destinations for dental tourism. The imposition of travel bans, supply chain disruptions and movement restrictions had a severe impact on this industry during the initial years of the pandemic.

The dental tourism market in India was hit hard by the travel restrictions, which prevented patients from neighboring countries from seeking dental treatment. According to Fortis Healthcare's annual report, the dental tourism industry witnessed a significant decline in 2021 due to global travel restrictions.

However, the dental tourism industry has shown signs of recovery post-pandemic.

The dental implants segment to maintain its leadership status throughout the forecast period-

By services, the dental implants segment held the highest market share in 2021, accounting for more than two-fifths of the global dental tourism market revenue and is estimated to maintain its leadership status throughout the forecast period. 

The dental cosmetics segment should have the fastest CAGR of 14.8% during the forecast period. This is due to the rise in the prevalence of dental disorders such as periodontal disease, tooth decay, gum disease and dental cavities, as well as an increase in the geriatric population, which is more prone to tooth-related problems.

Read more in the April 10 news release. 

Download a free sample report: https://www.alliedmarketresearch.com/request-sample/75029