Philippines Dental Services Market Outlook to 2026F Driven By Rising Oral Health Awareness, Growing Economy and Dental Tourism in the Philippines

Philippines Dental Services Market Outlook to 2026F Driven By Rising Oral Health Awareness, Growing Economy and Dental Tourism in the Philippines

The report provides a comprehensive analysis of the potential of the Dental Service industry in the Philippines. The report covers an overview, and genesis of the industry, and market size in terms of credit disbursed.

Its market segmentations include By Type of Services, By End Users, By Dental Clinics, By Revenue Division, By Cities; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Philippines Dental Services Market – which grew from approximately $ ~1200 Mn in 2018 to approximately $ ~1300 Mn in 2021 – is forecasted to grow further into a $ ~1750 Mn opportunity by 2026F, owing to the growth in the urban population, inclination towards a healthier lifestyle, rise in general awareness related to oral health care, and a growing economy.

The rates of dental health care services offered in the Philippines are comparatively lower than in other countries such as Australia or Japan, this attracts a lot of international tourists adding to the revenue generated by the dental services market in the Philippines.

The Statistics show that the Philippines has a 1:53,000 dentist-to-population ratio. Many dentists in the Philippines get their degrees and training from European nations or the US and return to their home country for practicing dentistry.

Key Trends by Market Segment:

By Type of Services: General Dentistry is one of the major revenue generators in the Philippines. It is one of the most opted-for services in the Philippines. It includes cleaning, extraction, consultation, etc.

By End-Users: Since the pandemic, human interaction has been limited and people prefer visiting private dental clinics rather than hospitals in the Philippines. Patients go to hospitals only for extreme cases/surgeries. Majorly, dental clinics are the most opted-for treatments.

Segmentation By End Users on the basis of Revenue, 2021

By Cities: The majority of the revenue comes from metropolitan hubs like Manila, Davao, and Cebu considering that these are developed areas in the Philippines and the spending power of people living here is comparatively higher than the population living in rural areas of the Philippines.

Future Outlook

The Philippines Dental Services Market witnessed significant growth during the period 2018-2021, owing to a rise in urban population, government initiatives, general awareness, and upgradation in technology.

The growth rate of the total Dental service market is going to increase over the period as there is a rising awareness among consumers and increasing dental tourism in the country.

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