
Published On: Nov 2022
Published On: Nov 2022
At 8.2% CAGR, the APAC Dental Mirrors Market is projected to be worth US$ 109.73 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the APAC dental mirrors market was valued at US$ 68.20 million in 2022 and is expected to reach US$ 109.73 million by 2028, registering an annual growth rate of 8.2% from 2022 to 2028. Surge in digitalization with intraoral cameras and flourishing medical tourism in developing countries are the critical factors attributed to the market expansion.
Over the period, dental treatments evolved significantly and emerged as medical tourism. The high cost of dental treatments in loped countries made people need to travel outside the local healthcare system to obtain treatment at a lower cost. Most of the population from developed countries use to travel to developing countries due to low treatment cost. Dental tourism in several countries flourished due to high-quality dental procedures at low prices compared to other countries. Government, industrial infrastructure, and developments in the dental industry favor the growth of dental tourism. Opportunities, such as less cost with standards treatments and accessibility, help further dental tourism progress. Furthermore, the cost of dental cosmetic procedures is less in developing countries. Asian countries, such as India, South Korea, and Thailand, are emerging as the destination for cosmetic procedures. In April 2021, Dentaly.org stated that the cost for smile designing in the US ranges between US$ 1000 and US$ 50,000, which is double than that in India. Singapore is promoting medical and dental services at affordable prices. Many patients come from nearby countries, such as Malaysia and Indonesia from developed countries. The increasing trend of medical tourism for dental procedures will likely offer significant growth opportunities for the dental Mirrors market during the forecast period.
On the contrary, high cost of products and delays in dental check-ups hurdles the growth of APAC dental mirrors market.
Key players dominating the APAC dental mirrors market are ACTEON Group; ASA Dental S.P.A; Carl Martin Gmbh; Essential Dental Systems; Integra LifeSciences Holdings Corporation; KERR Corp; Medesy SRL; Parkell, Inc.; Sklar Corp.; and ZIRC Dental Products among others.
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