Dental Tourism Market Size, Share & Trends Analysis Report By Service (Dental Implants, Orthodontics), By Provider (Hospitals, Dental Clinics), By Region (Europe, North America, Asia Pacific), And Segment Forecasts, 2023 - 2030
Dental Tourism Market Growth & Trends
The global dental tourism market size is expected to reach USD 43.9 billion by 2030, registering a CAGR of 22.0% over the forecast period, according to a new report by Grand View Research, Inc. The industry is expanding significantly due to factors, such as high insurance premium prices, an increase in the number of uninsured & underinsured persons in developed countries, and lengthier waiting times in the home country. In addition, cheaper air rates, easy availability of superior healthcare treatments, and the tourism component all contribute to the advantages of outbound dental tourism. The selection criteria for dentists for medical tourists depends on variables including cost, accessibility, and service quality. According to a report published by Congress the "Dental Crisis in America" found that almost around 50% of Americans lack dental insurance.
On the other hand, the National Health Service (NHS) in the U.K. handles a portion of the cost of dental care. In developed nations like Australia, dental care is also quite expensive for individuals with dental insurance. In Australia, dental implants and cosmetic dentistry are not covered by dental insurance. The COVID-19 pandemic in 2020 resulted in significant challenges for the dental industry, including reduced activity and constraints on dental office operations. Unlike businesses that were able to transition to work-from-home in response to the pandemic, the personalized & hands-on nature of patient care by dental professionals could not be done remotely. As countries began instituting lockdowns in early 2020, dental tourism experienced reduced demand for incoming patients in Asia, Europe, the U.S., and various other markets.
Dental Tourism Market Report Highlights
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