India Dental Care Service Market Report – 2020 – Ken Research

• How is the India Dental Care Services Market Positioned?Indian dental service industry comprises of dentists and dental ancillary. This industry

has shown a phenomenal compounded annual growth rate of ~% for the period ranging from FY 2010 to FY 2015 with increased dental awareness and disposable income, resulting which it has reported a valuation of INR ~ million in FY 2015. In the past five years, the growth in the dental care market of India has been spurred by rising elderly population, changing lifestyles 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 and more students opting for dental studies.

The number of dental clinics in the country has inclined from ~ in FY’2010 to -~ in FY’2011. This growth has mainly resulted from a rise in the demand for services offered by dentists along with labor pool growth. During the FY’2012, the number of clinics in the India was noted at ~, which increased to ~ in the FY’2015. The number of dentist in the country has also increased due to growing awareness regarding the problems associated with oral health, which has further led to more visits to the dentists. This has further led to an increase in the number of private clinics being established in the country during the five year period. The numbers of dentists in India inclined at a CAGR of ~% during FY’2010-FY’2015 and were noted as ~ in FY’2015.

The rising income of the Indians as well as growing dental tourism in the country has led to an increased demand for cosmetic dentistry in the country. Furthermore, the increasing population and the need to visit a dentist multiple times for have also augmented the need for more dental practitioners Indian dental care services industry comprises of several dental care services such as Endodontic, Prosthodontics, Orthodontics, Periodontics, Dental Implants, Dental Cosmetics and others. The endodontic dental service has been the predominating revenue segment in the dental care services market over the years. Prosthodontics service or dental prosthetics mainly includes crowning, bridging and denture related services, which collectively reported ~% revenue share in FY 2015. The periodontic dental services and dental implants surgeries contributed a share of 4% and 3% respectively in the overall revenues of the dental services market in FY 2015.

The dental clinics have been concentrated majorly in the Tier I areas of the country. It has been estimated that during FY’2015, ~% of the dental clinics in the country Furthermore, dental clinics operating from the Tier-2 cities such as Chandigarh, Patna, Ludhiana, Pune, Jaipur and others contributed ~% in FY`2015. Majority of the dentists in India operate through these stand alone clinics and the number of dental chains are very few. In FY’2015, this unorganized segment contributed a hefty share of ~% to the total revenues of the dental services market of India. As of FY’2015, the contribution of dental clinic chains towards the revenues of the dental services market was noted at ~% in India.

Indian dental care services industry comprises of several dental care services such as Endodontic, Prosthodontics, Orthodontics, Periodontics, Dental Implants, Dental Cosmetics and others. The endodontic dental service has been the predominating revenue segment in the dental care services market over the years. Prosthodontics service or dental prosthetics mainly includes crowning, bridging and denture related services, which collectively reported ~% revenue share in FY 2015. The periodontic dental services and dental implants surgeries contributed a share of 4% and 3% respectively in the overall revenues of the dental services market in FY 2015.

Additionally, the revenues generated from treatment undertaken by domestic residents have been registered as ~% in FY’2015 as against foreign tourist share of ~% during the same period. Moreover very few people in such nations prefer to dental insurance as they can’t afford that expense. These reasons also support India to be destination for various foreign patients to have their dental checkup in India.

• Which Is The Major Target Group In India Dental Care Services Market Of India?Dental clinics in India reported that nearly ~% of the patient population which opted

for dental care services in 2015 belonged to the age group of 36-55 years. This age group mainly comprises of business professional population, housewives and married couples. During the year FY’2015, the average number of male patients visiting dental clinics was noted at ~%, while the average number of females visiting a dental clinic was ~%. It has been observed that women undergo gum problems particularly due to hormonal fluctuations. On the other hand, men are majorly affected by ill-effects of smoking and drinking. Drinking alcohol and chewing or smoking of tobacco poses a greater risk for gum diseases or oral cancer among the males.

A part from these leading players, the market for dental care services in India has witnessed presence of players such as Vasan dental care, My Family Dentist, Denty’s, 32 Smiles and others.

• How Much Investment Is Required To Setup Dental Clinic In India?Dentistry is treated as one of the prestigious profession in India. Since there is an

unbalanced dentist-patient ratio in India, this gives an opportunity to many new dentists for quickly start their dental practice by establishing their clinics across different regions in India. Here is an overview of all common costs involved in establishing and running a dental practice at Tier-1 city in India

• How The Major Player Performing In India Dental Care Service Market?The organized market for dental care services in India has witnessed presence of

leading dental chains including My Dentist, Clove Dental, Apollo white dental and many others. In FY’2015, Mydentist report to have maximum market share of ~% with estimated revenue of INR ~ million in FY`2015. Apollo White Dental being joint venture of leading healthcare groups, Apollo Hospital & Trivitron Healthcare, it cherishes good brand recognition value with a market contribution of ~% to overall market revenues during FY’2015. Additionally, Clove dental registered a market share of ~% in terms of revenues followed by Axiss dental and Partha dental with revenue contribution of ~% and ~% respectively.

Ina addition to this, My Dentist has been planning to expand its outreach and open 6 new clinics in different cities of India inkling Gujarat, Trivanthapuram and others. The rising number of graduates in dental care segment will provide significant boost to market in upcoming future. Rising income of Indian will allow them to opt for expensive dental surgeries and cosmetic surgeries to look good.

• What Are The Future Prospects Of Dental Care Services Market?The dental care market in India is expected to grow at a healthy pace owing in surge

in the number of patients suffering from oral problems as well as due to the growing awareness among the country’s population. The growing Business Process Outsourcing (BPO) industry in the country as well as increased working hours and stress has been driving the need to consume alcohol and tobacco in larger quantities. This has amplified the incidence of oral problems among the youth. In the longer term outlook the share of organized players in number of dental care is projected to incline to 4.5% by FY’2020 owing to rapid incline in number of dental chains in India.

• Source: https://www.kenresearch.com/healthcare/general-healthcare/india-dental-clinics-market-update/13083-91.html

• Contact: Ken ResearchAnkur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com+91-9015378249

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