- 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.
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
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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:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
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