The Philippines Dental Services Market has a considerable growth potential in the coming years, is estimated to prosper from a growing economy, substantial public efforts and more local awareness.
Growing spending on Oral healthcare: The majority of the population in the Philippines suffers from problems related to oral health like tooth decay, cavities, etc., and this has fueled the growth of the dental services market in the Philippines. In recent years, the growth in the Philippines’ dental services market was driven by multiple factors such as growth in the urban population, inclination towards a healthier lifestyle, rise in general awareness related to oral health care, and growing spending on oral healthcare.
Rise in Dental Tourism and Technological Advancements: Due to less-priced services compared to other markets like Australia, the Philippines is a desirable destination for dental tourists. Numerous tourists from Australia, Korea, Japan, the United States, and other nations visit the Philippines. With the country's technological advancement, the Internet of Dental Things provides a "smart" dental healthcare strategy that holds great promise for interacting with patients in a growing number of dental specialties, such as prosthodontics and implant dentistry, periodontics, and oral public health.
The Philippine Dental Act of 2007: The Philippine Dental Act of 2007 is an act to regulate the practice of dentistry, dental hygiene, and dental technology in the Philippines. The objective of the act is the regulation, control, and supervision of the practices of dentistry, dental hygiene, and dental technology in the Philippines. Also, the PDCP encourages home use of fluoride products for children that focus on regimens that maximize topical contact, in lower-dose higher-frequency approaches.
Lower Accessibility in Rural Areas and Unmet Demand Rate is high: In the Philippines, hospitals in rural areas are hard to access because of the remote locations. There is a scarcity of healthcare in rural regions such as Batanes, Marinduque, and Ilocos Norte. Also, people from these regions have low income and dental services are still a luxury for them. In the nation, people with the same need for dental care but varying financial means may not receive the same dental care. The perceived need for utilization of dental care is found to be low among Filipinos where patient behavior also affects dental visits.
Analysts at Ken Research in their latest publication “Philippines Dental Services Market Outlook to 2026F – Driven by Rising Oral Health Awareness, Growing Economy and Dental Tourism in the Philippines” observed that the Dental Services market is an emergent healthcare market in the Philippines at a rebounding stage from the economic crisis after the pandemic. The rise in the prevalence of dental diseases and orthodontics treatments is expected to contribute to market growth over the forecast period. The Philippines Dental Services Market is expected to grow at a CAGR of 5.9% over the forecasted period 2021-2026F, due to a rise in dental tourism, a rise in urban population, and an upgradation in technology.
Key Segments Covered:-
Philippines Dental Services Market
By Types of Services
General Dentistry
Orthodontics
Oral Surgery
Periodontics
Endodontics
Cosmetic Dentistry
Prosthodontics
Dental Implants
Pediatric Dentistry and Others.
By Revenue Division:
Domestic
International Tourist
By End Users:
Dental Clinics (Organized + Unorganized)
Hospitals (Public + Private)
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By Dental Clinics:
Unorganized Dental Clinics
Organized Dental Clinics
By Cities:
Manila
Davao
Cebu
Iloilo
Others
Key Target Audience
Dental Service Providers
Dental Equipment Distributors
Dental Equipment Manufacturers
Dental Clinics
Hospitals
Healthcare Companies
Pharmaceutical Companies
Tourism Agencies
Market Research and Consulting Firms
Government Bodies & Regulating Authorities
Time Period Captured in the Report:
Historical Period: 2018-2021
Base Year: 2021
Forecast Period: 2022– 2026F
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Companies Covered:
Dental Services Providers
MetroDental
GAOC
Smile Makers Dental
Urban Smiles
NovoDental
Whitehouse Dental Clinic
Affinity Dental
Dental World Manila
Green Apple Dental
DentaGem
BrightSmile Avenue Dental
Elevate Dental
Key Topics Covered in the Report
Philippines Healthcare Overview
Philippines Dental Services Market Overview
Ecosystem of Philippines Dental Services Market
Business Cycle and Genesis of Philippines Dental Services Market
Market Sizing Analysis of Philippines Dental Services Market: Revenue, 2018-2021
Philippines Dental Services Market Segmentation (By Type of Services, By End Users, By Dental Clinics, By Revenue Division, By Cities), 2021
End User Analysis of Philippines Dental Services Market
Industry Analysis of Philippines Dental Services Market
SWOT Analysis of Philippines Dental Services Market
Key Growth Drivers in Dental Service Market in Philippines
Trends Driving Adoption Of Digital Innovation
Major Challenges and Bottlenecks in Philippines Dental Services Market
Regulatory Framework in Philippines Dental Services Market
Competition Framework for Philippines Dental Services Market
Market Share of Major Dental Services Providers in Philippines Dental Services Market
Cost Sheet of Major treatments and Price List of major Players
Impact of Covid-19 on Philippines Dental Care Market
Future Outlook and Projections of the Industry, 2021-2026F
Market Opportunity and Analyst Recommendations
For more insights on the market intelligence, refer to the link below:-
Philippines Dental Services Market
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