The Dental tourism is a procedure where a patient having dental caries travel to other region for dental checkup and cure in order to get proficient and cost saving dental treatments. The dental care is luxurious in all the underdeveloped countries of the globe along with numerous advanced regions with Universal Healthcare Policies such as Canada and United Kingdom where patients are pugnacious for the indispensable affordable dental treatment. Therefore, the existence of luxurious dental treatment in developed regions influence the growth of market in the developing economies, thereby boost the growth of market over the review years.
According to the report analysis, ‘Global Dental Tourism Market to reach USD 6.54 Billion by 2026’ states that in the worldwide dental tourism market there are numerous companies which recently functioning more meritoriously for leading the maximum market growth and accounting the handsome value of market share across the globe while diminishing the interconnected prices, employing the young work force, developing the applications of such, studying and monitoring the strategies and policies of the government as well as competitors, spreading the awareness related to the applications of such and establishing the numerous research and development programs includes Danaher Corporation, Biolase Inc., Straumann, Henry Schein, Zimmer Biomet Holdings Inc., Planmeca Oy, Patterson Companies Inc., Dentsply Sirona, Ivoclar Vivadent, Carestream Health and several others.
The worldwide Dental Tourism market is worth roughly USD 2.64 Billion during 2018 and is expected to develop with a growth rate of more than 12% over the review duration 2019-2026. Across United States, where entire healthcare treatment is luxurious, dental costs are unattainably exclusive for the average income earner. For instance: during 2018, according to an online poll of over 1,229 functioning adults across the United States accompanied by Unum Group, over 46% of women and 37% of men are worried about dental costs. Also, as per analysis by Foundation for Economic Education (FEE), every year over 800,000 Americans travels to ultramarine regions for the dental care. Thus, individuals with lower or average income assembly in United States prefer foreign regions for proficient low-cost dental treatment. In addition, during the Asia Pacific region, Thailand is the leading region in medical and dental tourism and preferred as most preferred dental tourism destinations from over 20 years owing to the accessibility of lower price dental treatment. Furthermore, the Mexico appeared out as the foremost dental tourism country due to its lower dental treatment infrastructure.
As per the Dently.org, patient can save around 50% of total cost on dental care by travelling abroad, dental implants across the United States cost USD 3,900 and in Thailand it cost nearly USD 1,900 and approximately USD 1,300 across Mexico. Similarly, combined filing across United States costs nearly USD 155 whereas across Thailand and Mexico it cost approximately USD 38 and USD 51 respectively. However, expensive travelling cost is expected to ristrict the growth of market over the upcoming years.
Although, based on the regional analysis of worldwide Dental Tourism market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia pacific is the principal and fastest increasing region in the worldwide dental tourism market owing to the less luxurious cost of dental treatments in the region and increase in disposable income of people around the globe. Therefore, it is anticipated that the market of dental tourism will increase around the globe more positively over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications