Increasing Dental Issues and Tooth Loss Concerns among Individuals Globally Expected to Propel the Growth of the Global Dental Tourism Market by 2031

The concept of dental tourism has become increasingly popular in recent years, as the cost of dental treatment in many countries has continued to rise. This trend has opened a whole new world of possibilities for people who need dental care but cannot afford it in their own country. The most obvious reason why people choose dental tourism is the cost. Dental treatment in many countries, such as the United States, Canada, and the United Kingdom, can be very expensive. In contrast, the same procedure in Mexico can cost much less than in these nations. Mexico, Costa Rica, and Thailand are the countries that are popular for dental tourism. These countries have reputations for providing high-quality dental care. This is mainly because many dental professionals in these countries have received their training in the United States or other Western countries and therefore and can provide care that meets Western standards. Many people choose dental tourism because it allows them to combine dental treatment with a vacation. Most of the dental tourism destinations are in popular vacation spots, such as Cancun, Mexico, Phuket, or Thailand.

Forecast Analysis of the Global Dental Tourism Market  

According to the report published by Research Dive, the global dental tourism market is envisioned to generate a revenue of $21,544.1 million and rise at a noteworthy CAGR of 13.9% over the analysis timeframe from 2022 to 2031.

The increasing prevalence of oral diseases among individuals globally due to the rise in alcohol and cigarette use, changing dietary habits, and excessive consumption of processed foods, is expected to fortify the growth of the dental tourism market over the forecast period. Besides, the growing demand for cosmetic dentistry, dental therapeutics products, and cosmetic procedures such as teeth whitening and polishing, owing to the rising use of alcohol and cigarette and other harmful lifestyle choices, and dental problems is expected to foster the growth of the market during the estimated period. Moreover, the technological development in the medical sector such as developments in dental equipment, wearables, surgical techniques, and many others is predicted to create extensive growth opportunities for the dental tourism market over the analysis timeframe. However, travel restrictions caused due to the outbreak of the Covid-19 pandemic may hamper the growth of the market over the estimated period. 

The major players of the dental tourism market include ARC Dental Clinic, Franco-Vietnamese Hospital, ThantakIt International Dental Center, Apollo Hospitals Enterprise Ltd., Liberty Dental Clinic, Fortis Healthcare, Imperial Dental Specialist Center, Clove Dental, Dubai Dental Hospital, Medlife Group, Oris Dental Centre, Raffles Medical Group, and many more. 

Key Developments of the Dental Tourism Market

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global dental tourism market to grow exponentially. For instance:

• In August 2020, the government of Portugal launched its travel insurance scheme for international tourists during the Covid-19 pandemic, which includes medical, hospital, and pharmaceutical expenses, and many more to strengthen the tourism sector and assure tourists’ safety.
   
• In November 2020, the Ministry of Health, Vietnam received more than one billion USD for medical tourism which included products such as dental care, plastic surgery, traditional medicine, and many more. Ho Chi Minh of Vietnam implemented various solutions to build intensive services, strengthen media, and create applications for medical tourism.
   
• In March 2023, Mubadala Investment Company, an Emirati state-owned holding company that acts as a sovereign wealth fund announced its acquisition of Dental Care Alliance, one of the largest multi-branded dental support organizations in the U.S. With this acquisition, the Mubadala aimed to invest in technology, clean energy, mobility, and life sciences to expand their portfolio.

Most Profitable Region

The Asia-Pacific region of the dental tourism market generated the highest market share in 2021. The availability of dentists with greater experience and the presence of superior infrastructure for dental treatment across the region is expected to boost the growth of the market over the estimated period. Moreover, a greater number of patients travel to Asian countries for medical treatment owing to the availability of lower-cost facilities is predicted to bring huge growth opportunities for the market during the analysis period. 

Covid-19 Impact on the Dental Tourism Market

The outbreak of the Covid-19 pandemic has several uncertainties across various industries including the dental tourism market. The disruptions in supply chains, movement restrictions, and travel bans have affected dental tourism during the pandemic. However, various initiatives taken by governments to reintroduce dental tourism across many nations have created huge growth opportunities for the market post-pandemic.