Showing posts with label Potential of Dental Services in Malaysia. Show all posts
Showing posts with label Potential of Dental Services in Malaysia. Show all posts

Wednesday, October 19, 2022

The Malaysia Dental Services Market is expected to contribute $1.2 Bn owing to Rising Dental Awareness, Increase in Cosmetic Dentistry and Government Policies: Ken Research

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  • The recent increase in the GDP is associated with changes in the standards of living and demand for higher healthcare standards proving to be a growth factor in dental services market.
  • Cities such as Selangor and Kuala Lumpur are expected to contribute a major share of revenue to the dental services market owing to the rise in population in these areas.
  • New policies by the Government of Malaysia in favor of dental services are expected to drive growth focusing on majority of areas related to oral health.

Increase in demand for New Technology: Post Covid, the dental services market is expected to rise in terms of new technology such as Internet of Things, Artificial Intelligence and increase in demand for Laser Dentistry. Tele dentistry has also been in demand and is expected to increase in the coming future leading to rise in the overall revenue generated by Malaysia dental services market. Chains of dental clinics exhibit stronger investment capabilities through ability to pool resources and hub-and-spoke referral models and setting up more comprehensive training for digital solutions. Digital integrated workflow solutions are required for seamless interaction between multiple entities.

Rise in the number of Dentists: The number of dentists is expected to rise in the coming years owing to the new opportunities in the dental services market. The increase in the overall population and dental tourism are considered to be the factor for these developments. Selangor, Kuala Lumpur and Johor is expected to have the highest number of dentists in Malaysia owing to the fact that Selangor and Johor are the main states of the country and Kuala Lumpur being the largest city with working professionals with awareness on oral health.

New Government Policies: The government of Malaysia has taken initiatives for the population in terms of introducing new policies to address the concerns related to oral health and hygiene such as National Oral Health Plan (NOHP) 2021 – 2030. The initiative was development as an act to consolidate national agenda in improving Malaysian oral health status. Focus area includes Periodontal, Caries, Oral Cancer, Smoking, Fluoride, Marginalized Group 29, Oral Health Literacy, Sports Dentistry, Safety and Quality, Utilization, Big Data and Sugar.  These initiatives are expected to add to the growth of dental services market in Malaysia.

Analysts at Ken Research in their latest publication Malaysia Dental Services Market Outlook to 2026F- Driven by Rising Dental Awareness, Cosmetic Dentistry, Government Policies and Increase in Disposable Income by Ken Research observed that Dental Services market is an emergent healthcare market in Malaysia at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, dental consciousness among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 5.4% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

malaysia-dental-services-market

Key Segments Covered in the report:-

Malaysia Dental Services Market

By Type of Services

Endodontics

Orthodontics

Prosthodontics

Cosmetic Dentistry

Periodontics

Others

By End User

Hospitals

Dental Clinics

By Dental Clinics

Organized Clinics

Unorganized Clinics

By Revenue

International Revenue

Domestic Revenue

By Cities

Selangor

Kuala Lumpur

Johor

Penang

Other Malaysian Cities (Malacca, Kuantan, Ipoh, Kinabalu etc.)

Key Target Audience:-

Dental Clinics

Dental Equipment Manufacturers and Distributors

Dentists

Hospitals

Market Research and Consulting Firms

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDA0

Time Period Captured in the Report:-

Historical Period: 2018-2021

Forecast Period: 2021-2026F

Companies Covered:-

St Tiew Dental Group

Q&M Dental

i-Care Dental

Dentabay

My Dental Care

Syarifah Dental Clinic

Artius Dental

Benchmark Health

Pristine Dental Clinic

Dent Care

Klidc

Living Well Dentistry

Key Topics Covered in the Report:-

Malaysia Dental Services Market Overview

Malaysia Healthcare Overview

Ecosystem of Malaysia Dental Services Market

Business Cycle and Genesis of Malaysia Dental Services Market

End User Analysis of Malaysia Dental Services Market

Consumer Journey in Malaysia Dental Services Market

Consumer Pain Points in Malaysia Dental Services Market

Industry Analysis of Malaysia Dental Services Market

SWOT Analysis of Malaysia Dental Services Market

Key Growth Drivers in Dental Service Market in Malaysia

Major Challenges and Bottlenecks in Malaysia Dental Services Market

Regulatory Framework in Malaysia Dental Services Market

Competitive Landscape in in Malaysia Dental Services Market

Market Share of Major Dental Services Providers in Malaysia Dental Services Market

Detailed Analysis on Malaysia Dental Services Market (Market Size and Segmentation, 2016-2021; Future Market Size and Segmentation, 2021-2026F)

Market Opportunity and Analyst Recommendations

For more information on the research reports, refer to below link:-

Malaysia Dental Services Market

Related Reports:-

UAE Health Tech Market Outlook to 2026 - Driven by Increasing demand for Faster Delivery & Convenience and Shifting Customer behavior

Singapore Medical And Dental Clinics Market Outlook To 2022 - Led By Inorganic Expansion Of Major Clinics And Expansion Into More Specialized Services

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Ankur Gupta, Head Marketing & Communications
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