Thailand Dental Care Market Analysis

Thailand Dental Care Market Analysis


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Over the forecast period of 2022-2030, the Thailand dental care market is anticipated to expand at a market size of around $1.36 Bn to $2.48 Bn displaying a CAGR of 7.7% as a result of Thailand being a dental hub for cheap and affordable dental care. The increasing number of dentists and dental tourism in Thailand is seen to be contributing factors to the dental care market's expansion. The report is segmented into product type, age group type, and sales channel type. Johnson & Johnson Services Inc, Colgate-Palmolive Company, and GlaxoSmithKline plc are major players in the dental care market.

ID: IN10THHS005 CATEGORY: Healthcare Services GEOGRAPHY: Thailand

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Thailand Dental Care Market Executive Analysis

The Thailand Dental Care market size is at around $1.36 Bn in 2022 and is projected to reach $2.48 Bn in 2030, exhibiting a CAGR of 7.7% during the forecast period. In Thailand, the total cost of healthcare is estimated to be $25.3 Bn. By 2026, costs are anticipated to rise to $47.9 Bn, representing a compound annual growth rate of 6.6% over the previous ten years. The cost of healthcare as a percentage of GDP is likewise high, at 6.6%. Due to the fast rise in demand for medical services and medications since Thailand's Universal Coverage Scheme was first implemented in 2002, the Thai government dedicates roughly 13.3% of its overall budget to public health care.

For individuals seeking affordable dental care, Thailand is a popular destination. The majority of clinics offer coverage, while some will provide coverage for certain pre-existing illnesses. Thailand offers dental services at a price that is roughly 60% less than that of the west. The prevalence of dental infections is among the highest in the world in Thailand. These elements play a part in the comparatively large incidence of infections that result in dental issues. Through its public health programs, the government of Thailand is also expanding insurance coverage for dental care services, which will raise demand for dental services even more.

thailand dental care market analysis

Market Dynamics

Market Growth Drivers

Due to the increasing potential in the Thailand market for dental services, there will likely be an increase in dentists in the upcoming years. The increasing number of dentists and dental tourism in Thailand is seen to be contributing factors to the market's expansion. The federal government of Thailand offers simple dental operations as part of its national insurance programs and has launched initiatives to increase access and knowledge.

Market Restraints

There may be competition from other healthcare providers, such as traditional healers or alternative practitioners, which could potentially limit the growth of the dental care market in Thailand, regulatory barriers, or other restrictions that could limit the growth of the dental care market in Thailand and lack of customer comprehension of technical advancements and growing pricing competition are limiting the dental care or oral hygiene industry in Thailand.

Competitive Landscape

Key Players

  • Procter & Gamble Company
  • Johnson & Johnson Services Inc
  • Colgate-Palmolive Company
  • GlaxoSmithKline plc.
  • Church & Dwight Co., Inc.
  • Dr. Fresh
  • LLC
  • Dentaid

Healthcare Policies and Regulatory Landscape

Public dental care in Thailand is available through the Ministry of Public Health, which operates a number of dental clinics throughout the country. These clinics generally offer a wide range of services at low prices, but the quality of care may not be as high as at private clinics. Dental insurance is not widely available in Thailand, and most people pay for dental care out of pocket. Some private hospitals and clinics in Thailand do offer payment plans or financing options for certain procedures, but these can vary widely. There are no specific policies in place for reimbursement of dental care costs in Thailand. However, some private health insurance policies may cover some or all of the costs of dental care, depending on the specific policy and the type of treatment needed.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Dental Care Market Segmentation

By Product (Revenue, USD Billion):

In terms of product category, the toothbrush had the highest revenue share (26% in 2020). The rising incidence of cavities, sensitivity, and gingivitis has increased toothpaste usage significantly in both emerging and wealthy countries. As a result, toothpaste is now an essential part of good dental health. In the oral care sector, toothpaste thus commands the biggest market share.

  • Toothbrush
  • Toothpaste
  • Mouthwash
  • Dental Floss
  • Denture Care

By Age Group (Revenue, USD Billion):

Adults lead the oral care market over the projection period based on age group. The overall expansion of the oral care industry is being driven by adults' increasing consumer knowledge of mouth cleanliness and care. Adult oral care products come in a variety on the market.

  • Children
  • Adults
  • Geriatric

By Sales Channel (Revenue, USD Billion):

The specialty stores dominate the oral care market over the projection period based on the sales channel. Specialty shops carry a broad selection of goods. The employees of specialty businesses provide customers with precise product information. With the aid of specialty shops, customers can also find all types of dental care items under one roof.

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug Stores &Pharmacies
  • Convenience Stores
  • Online Sales Channel

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 30 May 2023
Updated by: Vidhi Upadhyay

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