Vietnam Dental Services Industry Revenue is Expected to Reach About USD 435 Million by 2023: Ken Research
GURUGRAM, India, Sept. 9, 2019 /PRNewswire/ --
- Increasing visibility among the Vietnamese population about dental services, dental hygiene and dental care is expected to drive the total number of dental clinics in the country. In accordance with the Vietnam Odonto-Maxillo-Facial, there is one dentist available in Vietnam for every 25,000 people, whereas the availability rate is one per 1,000-2,000 people among developed countries as of 2018.
- The Teeth-Jaw-Face Hospital in Vietnam stated that more than 90% of Vietnamese people suffer from dental problems and around 85% of Vietnamese children suffer from tooth decay in the year 2018.
- The dental clinics in Vietnam have started to adopt technologically updated dental equipment for instance digital dentistry, 3D-printing, advanced dental turbines and others in order to provide better services to their patients. As a result, dental services are gaining traction in the country and further anticipated to grow in the near future.
Vietnam a Hub for Dental Tourism: People in developed countries are now aware of Vietnam's dental services industry and its attractive low cost framework. In Vietnam, dental services are priced very competitively. These services are priced at 30% cheaper price than other countries in Southeast Asia and even 50-60% cheaper than in New Zealand and Australia. Dental care in Vietnam costs about a third of the price compared to Italy. The influx of foreigners to avail these dental services will continue to increase in the near future. Presently, approximately 100,000 foreign tourists travel to Vietnam each year as dental tourist thus, providing revenues within a range of USD 150-160 million in tourism. As a result, dental services are further expected to increase over long term. In addition to that, revenue yield from age group between 15 years and 35 years will continue to increase as this target group is being more conscious about their looks and smile and want to improve their dental health.
Awareness of Dental Care: Majority of the Vietnamese population is affected by dental problems. The Government of Vietnam has been taking initiatives in order to create awareness among people by organizing awareness campaigns. The country is also starting to train more dentists so as to cater a wider population along with the foreign tourists. Across the country, there are around eight dental schools, which produce 500 dentist graduates each on an annual basis.
Analysts at Ken Research in their latest publication "Vietnam Dental Services Market Outlook to 2023 - By Organized and Unorganized Clinics, By Cities (Ho Chi Minh City, Dong Nai, Hanoi, Haiphong, Binh Duong, Can Tho, Khanh Hoa, Nghe An, An Giang and Others), By Dental Care Services (Prosthodontics, Endodontics, Cosmetic Dentistry, Implantology, Orthodontics, Periodontics and Others), By Domestic and Foreign Customers" believes that the companies operating in dental services market of Vietnam can expand their market share by penetrating in the rural areas of the country as that segment in not captured majorly up till now and encourage dental tourism to attract more foreign dental patients. The market is expected to register a positive CAGR of 5.6% in terms of revenue generated through dental services and a CAGR of 2.0% in terms of total number of dental clinics during the forecast period of 2019–2023.
Key Segments Covered
- By Market Structure
- Organized Dental Clinics
- Unorganized Dental Clinics
- By Cities
- Ho Chi Minh City
- Dong Nai
- Hanoi
- Haiphong
- Binh Duong
- Can Tho
- Khanh Hoa
- Nghe An
- An Giang
- Others (Kon Tum, Long An, Phu Tho, Nam Dinh and Rest)
- By Type of Dental Care Services
- Prosthodontics (Porcelain Veneers, Crowns, Fixing Bridges and Dentures.)
- Endodontics (Treatment of Dental Pulp, Root Canal Treatment)
- Cosmetic Dentistry (Cosmetic Teeth Whitening, Cosmetic Teeth Shaping and Cosmetic Teeth Bonding, Carbon Post, Gold Post Core and rest)
- Implantology (Dental Implants with artificial tooth)
- Orthodontics (Improving irregular teeth with Braces)
- Periodontics (Gum Graft Surgery, Laser Treatment, Plastic Surgery and rest)
- Others (Consultation, X-ray, Snoring & Sleep Disorder Breathing Treatment, General Anesthesia and rest)
- By Type of Customer
- Domestic
- Foreign
- By Age Group
- Below 15 Years
- 15-35 Years
- 36-55 Years
- Above 55 Years
- By Gender
- Male
- Female
Key Target Audience
- Dental Clinics
- Tourism Agencies
- Entities looking to invest in Vietnam Dental clinics
- Dental Equipment manufacturers
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Forecast Period: 2019-2023
Dental Clinics Covered in Vietnam Dental Services Market:
- Kim Dental
- Serenity Dental Clinic
- Starlight Dental Clinic
- Australian Dental Clinic
- Dr Hung & Associates Dental Clinic
- I-Dent Dental Implant Center
Pricing Analysis Covered in Vietnam Dental Services Market
- Serenity International Dental Clinic
- Dr Hung & Associates Dental Center
- CAMTU Dental
- Rose Dental
- International Dentistry Company – IDC Danang
- Nguyen Du Dental Clinic
- Lien Thanh Dental Clinic
- Australian Dental Clinic
Key Topics Covered in the Report
- Executive Summary
- Research Methodology
- Stakeholders in Vietnam Dental Services Market
- Value Chain Analysis of Vietnam Dental Services Market
- Introduction to Vietnam Dental Services Market
- Vietnam Dental Services Market Size, 2013-2018
- Vietnam Dental Services Market Segmentation, 2018
- Trends and Developments in Vietnam Dental Services Market
- Issues and Challenges in Vietnam Dental Services Market
- Decision Making Parameters in Selecting a Dental Clinic in Vietnam
- SWOT Analysis of Vietnam Dental Services Market
- Comparative Landscape in Vietnam Dental Services Market
- Vietnam Dental Services Market Future Outlook & Projections, 2019-2023
- Funding and Mergers and Acquisitions in Vietnam Dental Services Market
- Analyst Recommendations for Vietnam Dental Services Market
For more information on the market research report, please refer to the below link:
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