1. The India Dental Market is expected to grow at a CAGR of 10% for FY’2022-FY’2027F due to increasing number of dental colleges and labs in the country
The rising Dental consciousness among the Indian population, along with the growing purchasing power, is expected to contribute to the market growth over the forecast period. Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies.
2. The expansion of coverage, services, and rising spending by both public and private entities are all contributing to the rapid growth of the Indian healthcare industry
The Healthcare Market in India is expected to reach USD 372 Bn by 2022, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance. Moreover, in Union Budget 2022-23, INR 86,200.65 Cr ($ 11.28 Bn) was allocated to MoHFW. In March 2021, the Parliament passed the National Commission for Allied & Healthcare Professions Bill 2021, which aims to create a body that will regulate and maintain educational and service standards for healthcare professionals. The Indian government is planning to o introduce a credit incentive programme worth INR 500 Bn ($ 6.8 Bn) to boost the country’s healthcare infrastructure.
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3. Number of dentists will increase in the future due to an increase in the number of colleges and government initiatives to revise the curriculum
Changes in lifestyle and diet have caused several health issues in India, including those related to dental health. The dental services market growth will be influenced by the rise in periodontitis and teeth decay. In addition, a rise in demand for aesthetic and cosmetic dentistry will also help the market grow. In recent years, dentistry has come up as a rewarding career. People have started recognizing dental disorders and with the advancement in science and technology, the treatment has become specialized. Therefore, the demand of dentists has been slowly and steadily increasing in the Indian market.
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