Many people benefit from dental tourism, as it offers them the opportunity to receive complex dental procedures at lower prices compared to those in their own country. In addition, dental clinics provide transparency in their pricing system, as they often give the estimated cost of the treatment upfront. dental tourism 2023

Dental clinics involved in dental tourism can often be more caring & attentive toward foreign customers and provide high-quality services, using the best materials. Developing countries like Thailand and Malaysia offer high-quality dental treatment at a lower cost compared to developed countries. Lower treatment costs in developing countries like Thailand and Malaysia do not compromise the quality of the procedure, as the availability of resources at a lower cost ensures that the quality is not compromised. This factor has led to an increase in the number of individuals who seek healthcare services in these countries.

According to the latest Allied Market Research report, 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. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Drivers, Restraints, and Opportunities for dental tourism in 2023

Increased tooth loss rates, high demand for cosmetic dentistry, rising per-person healthcare costs, and the 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 market growth. Furthermore, with the rise in the geriatric population and advanced healthcare 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.
• Travel restrictions dealt a significant blow to the dental tourism market in India, as patients from neighboring countries were unable to seek 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

In 2021, the dental implants segment held more than two-fifths of the global dental tourism market revenue and is anticipated to maintain its leadership position throughout the forecast period. The reason for this is that dental implants are restorative treatments that act as long-term replacements, protecting and supporting natural bone while serving as a secure foundation for a prosthesis.

However, the dental cosmetics segment would display 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, dental crack, and dental cavities, as well as an increase in the geriatric population, which is more prone to tooth-related problems.

The dental clinic’s segment to grab the lion’s share during the forecast period

In 2021, the dental clinic segment held the highest market share, contributing to almost three-fourths of the global dental tourism market revenue. It is expected that the dental clinic segment will maintain its dominant position throughout the forecast period and will have the highest compound annual growth rate (CAGR) of 14.2%. This is due to the rising demand for cost-effective treatments. Moreover, healthcare systems around the world believe that the risk of infection in clinics is comparatively lower than in hospitals.

Asia-Pacific to maintain its dominance by 2021 dental tourism 2023

In 2021, Asia-Pacific held the largest share in the global dental tourism market, generating more than half of the market revenue, and is expected to continue its dominance by 2031. This is due to the easy availability of dentists with rich experience. Also, superior infrastructure for dental treatment has supplemented the market growth. However, the Europe region would portray the fastest CAGR of 14.8% during the forecast period. This is owing to the introduction of novel technologies, such as CAD/CAM-based dental restorations and high awareness of dental procedures across the province.

Leading Market Players

There are various factors that travelers may consider when choosing a dental tourism destination, such as the cost of treatment, the quality of care, the availability of tourist attractions, and the ease of travel. Some of the most popular dental tourism destinations include Mexico, Costa Rica, Hungary, and Turkey, in addition to the aforementioned Thailand and Malaysia. North American travelers often prefer Mexico and Costa Rica for dental treatment due to their proximity to the United States and Canada and the lower cost of treatment in these countries. Hungary, on the other hand, is a popular destination for Europeans, while Turkey is becoming increasingly popular among travelers from the Middle East. Regardless of the destination, it’s important for travelers to do their research and choose a reputable dental clinic to ensure a safe and successful experience.

Conclusion

In conclusion, dental tourism is a growing industry that offers many benefits to travelers seeking affordable dental care abroad. With the rising cost of healthcare in many developed countries, dental tourism provides an opportunity for individuals to receive high-quality dental procedures at a fraction of the cost. In addition, highly trained professionals equipped with modern technology provide exceptional care to patients in dental clinics located in popular dental tourism destinations. As the dental tourism industry continues to grow, it is essential for travelers to do their research and choose a reputable clinic to ensure a safe and successful experience. With the increasing demand for cost-effective healthcare options, dental tourism is a promising option for those seeking affordable dental care without compromising on quality.