How Is Dental Services Market Positioned In Malaysia?
The growth in the Malaysia Dental Service has been steady over the years, the factors that were responsible for this growth were rise in the economy and awareness related to oral hygiene. There has been a downfall in the Malaysia dental services market due to Covid-19 as many dental clinics were not operating under normal conditions. The Government of Malaysia only allowed emergency cases to be addressed by the dental clinics during the lockdown and the dental facilities were used as quarantine centers.
However, due to Covid-19 the dental services market in Malaysia evolved in terms of technology. Tele dentistry was also considered a solution to the challenges imposed during Covid-19. Presently, the market is in growing stage and recovering from Covid-19. The other factors that are involved in the growth of the dental services in Malaysia are rising dental awareness, better standards of living and rise in disposable income. Government initiatives such as National Oral Health Plan (2021-2030) to address the concerns are aiming to improve the oral health of Malaysians. Owing to the shortage of Dental Professionals, the Government planned on increasing the number of dental schools and took initiatives such as compulsory public service from all graduates. However, lack of dental awareness, unmet demand for dental services and lower accessibility in rural areas of Malaysia poses major challenges in Dental Services Market.
Malaysia Dental Services Market Segmentation
By Type of Services
Services such as Endodontics and Orthodontics dominate the market share followed by others. Major contribution in the market share from procedures such as root canal, as people in their late 30s face a lot of issue of bacterial infection due to lack in oral health awareness.
By End Users
The end users in the Malaysia Dental Services market are Hospitals and Dental Clinics. Hospitals have significantly lower share than compared to dental clinics as patients prefer to go to dental clinics for dental services (treatments) while they only visit the hospitals for major dental surgeries.
By Dental Clinics
The Malaysia Dental Services can be further classified into Unorganized Dental Clinics and Organized Dental Clinics.
By Revenue
The Dental Services Market generates revenue from the Domestic Market as well as International Market.
By Cities
Selangor and Kuala Lumpur generate the highest revenue in the Malaysia Dental Service Market followed by the others.
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Competition Landscape in Malaysia Dental Services Market
The Dental Service Market is highly fragmented and is home to thousands of clinics that are divided into organized and unorganized dental clinics. Additionally, these clinics are competing on parameters such as Number of Clinics, Number of Dentists, Clinic Presence, Number of Appointments, Timings, Peak Hours, Mode of Booking, Services Offered, Treatments offered, Insurance partnerships. The companies such as St Tiew Dental Group, Q&M Dental and Dent Care hold major market share in organized dental clinic segment.
What is the Future Outlook of Malaysia dental services Market?
Malaysia dental services market is expected to register a positive CAGR during 2021-2026F owing to increasing dental awareness, better standards of living, government policies, rise in disposable income and increasing consciousness of the population towards looks. The growth is anticipated to be driven by treatments like Root Canal, Dental Implants and other Cosmetic Dentistry services such as Whitening, Filling and Veneers.
The Cosmetic Dentistry segment is expected to witness the fastest growth at a CAGR of ~% over the period 2021-2026F, owing to the rise in consciousness of population towards looks and appearance. 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, including dental caps, dentures, and drills.
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
For more information on the research reports, refer to below link:-
Malaysia Dental Services Market
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