Philippines dental care market is expected to reach usd 2.7 billion in 2019: Ken Research

Bengaluru, January 19, 2016: KEN RESEARCH announced its latest publication on “PHILIPPINES DENTAL CARE MARKET OUTLOOK TO 2019 – INCREASING AWARENESS ON ORAL CARE AND POPULARITY OF DENTAL TOURISM TO FOSTER GROWTH” which provides a comprehensive analysis of the dental market in the Philippines. The report covers various aspects such as market size of Philippines Dental Care Market, segmentation on the basis of product categories, types of dental care services, type of ownership of clinics, by cities and market structure. This report also offers prevalent trends and developments, government regulations, SWOT analysis, and challenges in different market segments including dental care services, dental equipments & consumables and oral care. The report also covers the competitive landscape of major dental chains operating in the dental care services market as well as leading companies in the dental equipments, consumables and oral care market has been comprehensively presented. It also includes information on the major macroeconomic indicators affecting the market. The report is useful for dental care chains, dental equipments & consumables manufacturers and suppliers, oral care products manufacturers and new players venturing in the dental care market.

The growth in the dental care market of Philippines has been spurred by rising elderly population, changing lifestyles which include long working hours, dependence on packaged food and increased consumption of tobacco and liquor leading to oral problems, increased healthcare expenditure by the government as well as households. Growing popularity of dentist as a profession has led to more students opting for dental studies. This has further led to an increase in the number of private clinics being established in the country during the five year period. Furthermore, the establishment of new clinics has generated demand for dental equipments while rising number of dental patients in the country have fuelled the demand for dental consumables. Overall, the Philippines dental care market revenues have grown at a CAGR of ~% from 2009 -2014.

According to the research report, The Philippines dental care market is anticipated to rise from USD ~ in 2014 to USD ~ million in 2019 at a CAGR of 10.4%. “Rising awareness regarding oral health, government initiatives, increased spending on physical appearance, advancements in diagnostic and treatment technology along with rising dental tourism in the Philippines will result in the growth of the Philippines dental care market. While, resistance in visiting a dentist, immigration of dentists to other counties, excessive dependence on equipments and consumables imports are few of the major challenges which will affect the growth of this industry in the future”, ACCORDING TO THE RESEARCH ANALYST, KEN RESEARCH.

Corporate Comm India(CCI Newswire)