Time: April 17, 2018
Saudi Arabia has been emerging as a preferred destination for dental tourism in the world largely due to affordability of dental services when compared to other western countries. This has also helped in ameliorating the overall market size of dental market in the recent years.
The Kingdom has been ranked third among all the GCC countries in terms of dentist per 10,000 residents in 2016. Dentists in Saudi Arabia are majorly concentrated in places namely Riyadh, Jeddah and Al Khobar and the remaining cities mainly possess various unorganized dental clinics which may become organized with the passing years.
Also, the number of dentists in the market has had a direct correlation with the overall market size and the country has witnessed a rise in number of graduates in the field of dentistry and more dentists have been passing out over the years. Increasing number of dentists has resulted in expansion of the market size during 2011-2016. It has increased from 8,100 dentists during 2011 to 16,887 dentists during 2016 at a CAGR of 15.8% during these years.
The market has noticed a considerable growth majorly due to all the interrelated factors that include: increasing diabetic population, rising oral care awareness, improved technologies & modern healthcare infrastructure, growing demand for cosmetic dental services and targeted promotion of dental tourism. It has also been observed that government expenditure on healthcare has increased at a CAGR of 7.6% during 2011-2016.
An increased attention towards the physical appearance has geared the demand for oral grooming treatments including tooth whitening, cleaning, reshaping, broken tooth, tooth jewellery and cosmetic contouring. These changing preferences of the customers have further helped push the revenues from dental services and they have only been improving. The rising income levels of Saudi residents along with growing dental tourism in the country has led to an increased demand for cosmetic dentistry in the country.
Currently, Qatar has the highest dentist to population ratio among all GCC countries and the major institutions that cater to dentistry segment include Qatar University, Weil Cornell Medicine, College of North Atlantic – Qatar, Carnegie Mellon University in Qatar, Georgetown University in Qatar, Doha Dental and others.
In line with the evolving health and hygiene awareness in Saudi Arabia, oral hygiene is witnessing a growing focus amongst its consumers. According to Ken Research, the overall market has shown expansion at a CAGR of 9.1% during 2014-2016, recording revenues of $2.3 billion in 2016.
The government has been active throughout and has taken a number of reforms to ameliorate the dental health care system in the country. As a consequence, dental care services have improved significantly in the recent decades. The research report “Saudi Arabia Dental Care Market by Services (Endodontic, Prosthodontics, Implantlogy, Orthodontics, Cosmetic Dentistry, Periodontics), by Major Cities (Riyadh, Jeddah, Dammam & Al-Khobar, Others) – Outlook to 2021” highlights that the healthcare expenditure in Saudi Arabia will rise from $25 billion in 2017 to $33.7 billion during 2021 at a CAGR of 7.7% during 2017-2021. This increase would ultimately result in the improvement of overall healthcare infrastructure, which will in turn boost the dental care services market in the country.
Saudi Arabia dental care services market is forecasted to grow at an exponential growth rate in the upcoming years. The sector is anticipated to represent a strong growth in the coming years that will owe to the overall increase in dental care spending, growing penetration by the insurance and increase in the per capital income.