Technavio, a tech-focused market research firm, has published a new report on the global dental services market, which is expected to experience steady growth rate with a CAGR of close to 14% during the forecast period, 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global dental services market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global dental services market into the following key regions: The Americas, EMEA, and APAC.
Geographical segmentation of the global dental services market for 2015 (market share %)
|
Americas |
45% |
|
EMEA |
30% |
|
APAC |
25% |
Source: Technavio
Dental services market in Americas
The Americas comprise some of the countries with better medical and healthcare facilities, such as the US, Brazil, and Canada. These countries actively participate in improving the healthcare facilities to provide adequate dental care services to the population. During 2015, the dental services market in America accounted for the largest share of the global market by accounting for around 45% of the overall market share. The dental services market in the Americas is anticipated to showcase steady growth during the forecast period. The US and Canada in North America are likely to emerge as key revenue contributors to the dental services market in the Americas over the next four years. There is a projected rise in the dental services market in Mexico spurred by the growth of medical tourism. Furthermore, Brazil is likely to witness steady growth in the market with better infrastructure facilities.
According to Barath Palada, a lead analyst at Technavio for research on orthopedics and general medical devices, “Medical tourism is one of the trending means of revenue generation in many countries. This sudden increase in medical tourism stems from the high cost of dental services, especially in the US, the UK, and European countries. It is estimated that that over 70% of the American population prefer medical tourism for dental treatments such as crowns and root canal procedures. APAC countries such as India, Thailand, and Malaysia are some of the key emerging markets for medical tourism.”
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Dental services market in EMEA
The EMEA countries with high growth potential for the dental services market include the UK, Germany, France, Italy, UAE, South Africa owing to the availability of better medical and healthcare facilities. The dental services market in EMEA accounted for approximately 30% of the overall share of the global dental services market during 2015. The high disease prevalence of dental caries and periodontitis, and the resultant increase in the patient pool for these services, is the major driving force behind the growth of the market in EMEA. Germany and the UK are two major countries in terms of revenue generation as these countries have the strongest healthcare system with advanced technologies and reimbursement policies in the region.
Dental services market in APAC
APAC contributed around 25% of the overall market share of the global dental services market during 2015. The rising awareness of oral hygiene, government aided medical benefits, and introduction of new treatment techniques are the key drivers for growth of the dental services market in APAC. Within APAC, Australia, India, China, Japan, and South Korea are the countries with better medical and healthcare facilities.
APAC is one of the emerging regions in the dental services market, especially medical tourism. During the forecast period, the dental services market in APAC is expected to showcase significant growth, fueled the increase in medical tourism in the region due to low dental treatment cost.
The top leading vendors operating in the global dental services market are:
- Coast Dental Services
- Mydentist
- Abano Healthcare Group
- Q & M Dental Group
Other prominent vendors in the market include 300SMILES, American Dental Partners, Apollo White Dental, Aspen Dental Management, Axiss Dental, Birner Dental Management Services, Brighter Dental Care, Dental Services Group, Enel-Med, Floss Dental, Folktandvården Stockholms län, Gentle Dentistry, Great Expressions Dental Centers, Healthway Medical, InterDent, Kool Smiles, Laboratorio Lucas Nicolas, Midwest Dental, Northwestern Management Services, Novadent, Oasis Dental Care, Oral Care AB, Oral Hammaslääkärit, Orasolv AB, Pacific Dental Services, PlusTerveys Oy, Praktikertjänst AB, ReachOut Healthcare America, and Smile Brands.
A more detailed analysis is available in the Technavio report titled, ‘Global Dental Services Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Dental Services Market in China 2016-2020
- Global Dental Diagnostics and Surgical Equipment Market 2016-2020
- Dental Implants Market in Europe 2015-2019
- Global Dental Implants Market 2016-2020
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