Asia Pacific Dental Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Dental Restorative, Dental Orthodontics, Dental Consumables, and Other Specialties) and Application (Hospitals, Dental Clinics, and Others)
The dental market in Asia-Pacific is expected to grow from US$ 6,672.43 million in 2021 to US$ 12,031.08 million by 2028; it is estimated to grow at a CAGR of 8.8% from 2021 to 2028.
Medical tourism, which involves traveling abroad to receive healthcare services at substantially lower costs, gained considerable popularity for dental implant treatments. The majority of dental tourism advertisements target Australians for treatment in Thailand or India. Dental tourism is an increasingly important segment of the medical tourism market. Dental implant tourism in India flourished due to the high quality of work performed at lower prices compared to other countries. Dental tourism India estimates that dental implant procedures performed in the country can save up to 80% of the costs incurred for similar procedures in North American and European countries. The increasing influx of patients in emerging economies for dental implant procedures will likely offer growth opportunities for healthcare providers and dental implant equipment manufacturers and suppliers in these countries in the coming years. Similarly, dental tourism is increasing in Asian countries such as India, South Korea, Thailand, and others. As per the Journal of Clinical and Diagnostic Research 2016, the cost of smile designing in the US is nearly US$ 8,000, and in India is, it is about US$ 1,000. Singapore is promoting medical and dental services at affordable prices. The increasing penetration of patients to the emerging markets for dental procedures is likely to offer growth opportunities for the dental market in this region.
Asia-Pacific countries witnessed a huge challenge due to the COVID-19 pandemic. Due to the outbreak of disease, healthcare industries have been affected severely, considering the economic conditions in the current situation.. Restrictive measures were taken to control the spread of the COVID-19 pandemic. As per the Indian Dental Association (IDA), dental care is sometimes urgent, and putting it off can sometimes flare up the issue. Further, pain related to swelling, inflammation, fracture tooth, and bleeding come under severe dental emergencies; therefore, treating this is primarily considered necessary. IDA had set guidelines to treat such patients. The clinics carried out thermal screening thoroughly, and protective disposable gowns were given to patients as they entered the clinic. Furthermore, doctors wore proper personal protective equipment (PPE) appropriate to perform the procedure. The COVID-19 pandemic affected the business operation of the various key players operating in this region.
Asia-Pacific Dental Market Revenue and Forecast to 2028 (US$ Million)
Asia-Pacific Dental Market Segmentation
The Asia-Pacific dental market is segmented into type, application, and country. The Asia-Pacific dental market based on the type is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. In 2020, the dental consumables segment held the largest share Asia-Pacific dental market. Based on dental restorative the market is divided into dental implants, dental prosthetics, and implant accessories. In 2020, the dental implants segment held the largest share Asia-Pacific dental market. Based on dental orthodontics the market is divided into fixed braces and clear aligners. In 2020, the fixed braces segment held the largest share Asia-Pacific dental market. Based on application, the Asia-Pacific dental market is segmented into hospitals, dental clinics, and others. The hospitals segment held the largest share of the market in 2020. Similarly, based on country, the market is segmented into the China, India, Japan, Australia, South Korea, and rest of Asia-Pacific. China contributed a substantial share in 2020. 3M; Align Technology, Inc.; Carestream Dental LLC; Danaher; Dentsply Sirona; Ivoclar Vivadent AG; PLANMECA OY; Shofu Global; Ultradent Products Inc; and Zimmer Biomet are among the leading companies in the Asia-Pacific dental market
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