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Forecast Period
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2025-2029
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Market Size (2023)
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USD 4.21 Billion
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Market Size (2029)
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USD 5.59 Billion
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CAGR (2024-2029)
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4.75%
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Fastest Growing Segment
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Cosmetic Dentistry
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Largest Market
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Southern Vietnam
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Market Overview
Vietnam Dental
Services Market was valued at USD 4.21 Billion in 2023 and is
anticipated to project impressive growth in the forecast period with a CAGR of 4.75%
through 2029. The Vietnam Dental Services Market is driven by several key
factors contributing to its growth. Increasing awareness and emphasis on oral
hygiene among the population have spurred demand for dental services. This
trend is bolstered by rising disposable incomes, enabling more individuals to
afford dental care beyond basic treatments. Advancements in technology and
techniques in dentistry have attracted both patients seeking higher-quality
care and professionals looking to upgrade their practices. Government
initiatives and investments in healthcare infrastructure play a crucial role in
expanding dental services accessibility across urban and rural areas. As the
market continues to evolve, dental tourism also contributes significantly, with
Vietnam becoming a preferred destination for affordable yet high-standard
dental treatments. These factors collectively propel the Vietnam Dental
Services Market forward, promising continued expansion and innovation in the
sector.
Key Market Drivers
Increasing Dental Awareness and Oral Hygiene
In Vietnam, there has been a noticeable increase in
the awareness of oral health benefits among the population, which has sparked a
corresponding rise in the demand for dental services. This heightened awareness
is rooted in a growing understanding of the pivotal role that oral health plays
in overall well-being. As individuals become more educated about preventive
care measures and the potential benefits of cosmetic treatments, they are
increasingly inclined towards seeking professional dental services. According
to an study titled, “Oral Health Behaviour and Oral Health Status of Elderly
Vietnamese”, the aim of cross-sectional study was to characterize oral health
behaviors and issues among elderly Vietnamese individuals and to assess the
prevalence of dental caries and periodontal disease. The study included 258
participants aged 65-74 years residing in Danang, Vietnam, who self-reported
their oral health behaviors and problems. Dental caries was evaluated using the
DMFT index, while periodontal status was assessed using the modified Community
Periodontal Index. This included examinations for gingival bleeding and
periodontal pocket depth (PPD) across all teeth, and clinical attachment loss
(CAL) in index teeth. The findings underscored a high prevalence of dental
diseases among elderly Vietnamese, particularly attributed to limited awareness
of oral health self-care practices, particularly evident in rural areas. These
results highlight the necessity for an oral health care program tailored to
enhance the oral health outcomes of elderly Vietnamese individuals.
The expansion of the dental services market in
Vietnam can be attributed to this proactive shift towards maintaining oral
hygiene and health. People are now more cognizant of the importance of regular
dental check-ups, teeth cleanings, and early intervention for oral health
issues. Preventive care practices, such as fluoride treatments and sealants for
children, are also gaining traction as families prioritize long-term dental
health. The desire for cosmetic dental procedures has surged as societal norms
evolve to place greater emphasis on aesthetics. Procedures like teeth
whitening, dental veneers, and orthodontic treatments are not only seen as ways
to enhance one's smile but also as investments in personal confidence and
social well-being. This cultural shift towards valuing dental aesthetics
further propels the growth of specialized cosmetic dental services across
Vietnam.
Rising Disposable Incomes
In Vietnam, the steady improvement in economic
conditions has ushered in a period of rising disposable incomes among its
populace. This economic stability plays a pivotal role in reshaping the
landscape of dental care in the country. As more individuals experience
increased financial security, they find themselves more capable of investing in
comprehensive dental treatments that extend beyond basic oral care. Vietnam is known
for its exceptionally low costs of dental care, positioning itself as a highly
competitive option globally. Rates in Vietnam are less than half of those
found in other Asian countries and less than a quarter of what patients
typically pay in developed nations. For example, a dental implant procedure
priced at $1,500 in Thailand and $4,000 in the United States is offered at only
$1,000 in Vietnam. Similarly, a dental crown, which costs twice as much in
Malaysia, is priced significantly lower in Vietnam, at less than 15% of the
cost in the United States. A root canal surgery, which averages about $1,400 in
the United States, can be performed for as little as $280 in Vietnam. These
substantial cost differentials underscore Vietnam's affordability and
competitiveness in the global dental care market.
The burgeoning disposable incomes enable Vietnamese
citizens to seek out a broader spectrum of dental services, including cosmetic procedures
and advanced dental surgeries. Procedures such as dental implants, crowns, and
orthodontic treatments, which were once considered luxuries, are now becoming
attainable options for a growing number of people. This shift not only enhances
the overall quality of dental care received but also contributes significantly
to the growth and diversification of the dental services market. The rise in
disposable incomes fosters a cultural shift towards prioritizing oral health
and aesthetics. Individuals are increasingly willing to allocate a portion of
their income towards enhancing their smiles and addressing dental concerns
proactively. This trend is particularly evident among the urban middle class
and affluent segments of society, where there is a heightened awareness of the
benefits of maintaining good oral hygiene and seeking professional dental care.
Technological Advancements in Dentistry
In Vietnam, significant strides in dental
technology and techniques have revolutionized the provision of dental care,
marking a profound shift in the industry's landscape. Innovations such as
digital imaging, CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing)
technology for prosthetics, and laser dentistry have emerged as cornerstones of
modern dental practice. These advancements are not merely upgrades but
transformative tools that enhance treatment outcomes across various dental
procedures.
Digital imaging has replaced traditional X-rays
with high-resolution images that provide detailed views of oral structures,
aiding in accurate diagnoses and treatment planning. This technology not only
minimizes radiation exposure but also allows dentists to visualize complex
dental issues more effectively. CAD/CAM technology has streamlined the
fabrication of dental prosthetics such as crowns, bridges, and veneers.
Dentists can now design these restorations digitally and manufacture them
onsite or through digital laboratories, reducing turnaround times and enhancing
precision in fit and aesthetics.
Government Support and Healthcare Infrastructure
Government initiatives in Vietnam aimed at
bolstering healthcare infrastructure have had a profound and positive impact on
the dental services market, ushering in an era of improved accessibility and
enhanced quality of dental care across the nation. Through strategic
investments and policies, the Vietnamese government has taken proactive steps
to address gaps in oral healthcare, particularly in both urban centers and
rural regions.
One of the key aspects of these initiatives is the
establishment and expansion of dental clinics equipped with modern facilities
and state-of-the-art equipment. Government funding has facilitated the
construction and refurbishment of dental facilities, ensuring that communities
have access to comprehensive dental services closer to home. This
infrastructure development not only bridges geographical gaps but also
alleviates the burden on larger urban centers by decentralizing dental care
services. The government has prioritized the training and professional
development of dental professionals. Programs and scholarships are often
provided to encourage aspiring dentists to pursue higher education and
specialized training in various fields of dentistry. This initiative not only
enhances the skill set of local practitioners but also attracts talented
professionals to contribute to the country's dental workforce.
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Key Market Challenges
Access Disparities Between Urban and Rural Areas
One of the primary challenges in Vietnam's dental
services market is the disparity in access between urban and rural areas. While
major cities like Ho Chi Minh City and Hanoi boast modern dental clinics with
advanced technologies, rural regions often lack adequate infrastructure and
trained professionals. This geographical imbalance limits access to timely
dental care and preventive services for rural populations, exacerbating oral
health disparities.
Affordability and Financial Accessibility
Despite economic improvements, affordability
remains a critical challenge for many Vietnamese individuals seeking dental
care. The cost of dental treatments, especially advanced procedures and
cosmetic dentistry can be prohibitive for a significant portion of the
population. This financial barrier deters patients from accessing timely care,
leading to delays in treatment and potential exacerbation of oral health
issues. Addressing affordability concerns is crucial to ensuring equitable
access to comprehensive dental services across socioeconomic groups.
Shortage of Skilled Dental Professionals
The shortage of skilled dental professionals poses
a significant challenge to the growth and sustainability of Vietnam's dental
services market. While efforts are made to train new graduates, there remains a
gap between the demand for dental services and the availability of qualified
practitioners, particularly in specialized fields such as orthodontics and oral
surgery. This shortage limits the capacity of dental clinics to meet patient
needs efficiently, resulting in longer wait times and compromised service
quality.
Key Market Trends
Rising Demand for Cosmetic Dentistry
In Vietnam, the surge in demand for cosmetic
dentistry reflects a broader societal shift towards valuing personal appearance
and aesthetics. As economic prosperity grows, so does the desire among
Vietnamese individuals to improve their smiles and facial aesthetics.
Procedures like teeth whitening, veneers, and orthodontic treatments have
become increasingly popular as they offer tangible enhancements that contribute
to a person's self-confidence and social standing.
The embrace of cosmetic dentistry is not merely
about vanity but also about cultural norms that emphasize the importance of a
pleasing appearance. In Vietnamese society, a healthy and attractive smile is
often seen as a reflection of one's overall well-being and success. As a
result, specialized cosmetic dental services have expanded to meet this demand,
with clinics offering a range of innovative treatments tailored to enhance
dental aesthetics. The accessibility of these treatments has improved as
technology advances and dental professionals receive specialized training. This
combination of factors has made cosmetic dentistry more appealing and
accessible to a broader consumer base in Vietnam. Consequently, the market for
cosmetic dental services continues to grow robustly, driven by the aspirations
of individuals to achieve not only dental health but also a smile that reflects
their personal and cultural ideals of beauty and success.
Increasing Dental Tourism
Vietnam has positioned itself prominently on the
global map as a favored destination for dental tourism, primarily due to its
dual appeal of affordability and exceptional quality in dental services. This
Southeast Asian nation attracts a steady stream of foreign patients, hailing
not only from neighboring countries but also from Western nations seeking
cost-effective yet high-standard dental treatments.
The allure of Vietnam lies in its ability to offer
dental care that meets international standards at a fraction of the cost
compared to many developed countries. This affordability factor is especially
appealing to patients from Western nations where dental care costs can be
prohibitively high. Vietnam's reputation for skilled dental professionals
trained in cutting-edge techniques and equipped with modern facilities further
bolsters its attractiveness as a dental tourism hub. The influx of
international patients significantly contributes to the revenue of Vietnam's
dental services sector. This revenue influx, in turn, fuels the growth and
diversification of the dental tourism infrastructure across the country. Dental
clinics and hospitals in popular tourist destinations such as Ho Chi Minh City,
Hanoi, and Da Nang have adapted to cater specifically to international
patients, offering services in multiple languages, comfortable accommodation
options, and seamless treatment experiences.
Segmental Insights
Service Type Insights
Based on the Service Type, Cosmetic
Dentistry stands out as a dominant and rapidly growing segment, reflecting
changing consumer preferences and cultural attitudes towards dental aesthetics.
Cosmetic Dentistry encompasses a range of procedures aimed at enhancing the
appearance of teeth, gums, and overall smile aesthetics. This includes
treatments such as teeth whitening, dental veneers, crowns, orthodontics, and
gum contouring.
One of the primary drivers
of the prominence of Cosmetic Dentistry in Vietnam is the societal emphasis on
personal appearance and facial aesthetics. In Vietnamese culture, a healthy and
attractive smile is often considered a sign of well-being, success, and
youthfulness. As disposable incomes rise and lifestyles evolve, there is a
growing inclination among individuals to invest in enhancing their smiles
through cosmetic dental procedures. The affordability of cosmetic dental
treatments relative to Western countries also contributes to its popularity in
Vietnam. Many procedures that are considered costly elsewhere are more
accessible and competitively priced in Vietnam, making them appealing to both
local residents and international patients seeking quality care at lower costs.
End User Insights
Based on the End User, Dental
Clinics overwhelmingly dominate over Hospitals in terms of providing dental
care. This dominance is driven by several factors that cater specifically to
the needs and preferences of patients seeking dental services in Vietnam.
Dental Clinics in Vietnam
are typically specialized facilities dedicated exclusively to dental care,
offering a wide range of services from preventive care to advanced treatments.
These clinics are often equipped with state-of-the-art dental technology and
staffed by skilled dental professionals who specialize in various fields such
as general dentistry, orthodontics, endodontics, periodontics, and cosmetic
dentistry. The specialization allows dental clinics to provide focused
expertise and personalized care tailored to individual patient needs. Dental
clinics are widely distributed across urban and suburban areas in Vietnam,
making dental care more accessible and convenient for the population. Patients
prefer clinics located closer to their homes or workplaces, facilitating easier
access to routine check-ups, emergency dental care, and scheduled appointments.
This geographical accessibility contributes to higher patient satisfaction and
loyalty to dental clinics.
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Regional Insights
In the Vietnam Dental Services Market, Southern
Vietnam, notably Ho Chi Minh City (HCMC), emerges as the dominant region due to
several compelling factors. HCMC serves as the economic powerhouse of Vietnam,
boasting a dense population and a robust economy that supports a thriving
healthcare sector, including dental services. The city's economic vibrancy
translates into higher disposable incomes among residents, enabling greater
affordability and demand for a wide range of dental treatments. Dental clinics
in HCMC are well-equipped with state-of-the-art technology and staffed by
skilled professionals, offering comprehensive services from routine dental care
to advanced treatments such as cosmetic dentistry, implants, and orthodontics.
Southern Vietnam benefits from its strategic
location and accessibility. HCMC's status as a major transportation hub
facilitates easy access for both local residents and dental tourists seeking
quality dental care. The region's developed infrastructure, including modern
dental facilities and clinics, enhances the overall patient experience and
satisfaction. This combination of economic prosperity, accessibility, and
advanced healthcare infrastructure positions Southern Vietnam, particularly Ho
Chi Minh City, at the forefront of the country's dental services market. As
demand for dental care continues to grow and evolve, Southern Vietnam remains
poised to maintain its dominance, offering innovative solutions and
comprehensive care to meet the diverse needs of its population and beyond.
Recent Developments
- In February 2021, Kim Dental, Vietnam's foremost
private dental care platform, has secured $24 million in its Series B funding
round. This investment round was led by ABC World Asia, a private equity fund
focused on impactful investments throughout Asia and backed by Temasek.
Existing investor Aura Private Equity also participated in the funding, among
others. The funds raised will be utilized to further Kim Dental's mission of
expanding access to affordable and dependable oral health services across
Vietnam.
Key Market Players
- Kim Dental Company Limited
- Sai Gon Dental Maxillofacial Specialist Hospital
Corporation
- DKSH Vietnam Co., Ltd.
- Starlight Dental Clinic
- Worldwide Dental & Cosmetic Surgery Hospital
- I-Dent Dental Implant Center
- IDC Dental Company
- Far East Dental
- Picasso Dental Clinic
- Westcoast International Dental Clinic
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By Service Type
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By End User
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By Patient Type
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By Region
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- Prosthodontics
- Endodontics
- Cosmetic Dentistry
- Periodontics
- Others
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- Southern Vietnam
- Northern Vietnam
- Central Vietnam
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Report Scope:
In this report, the Vietnam Dental Services Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Vietnam Dental Services
Market, By
Service Type:
o Prosthodontics
o Endodontics
o Cosmetic Dentistry
o Periodontics
o Others
- Vietnam Dental Services
Market, By
End User:
o Hospitals
o Dental Clinics
- Vietnam Dental Services
Market, By
Patient Type:
o Inbound
o Outbound
- Vietnam Dental Services
Market, By Region:
o South Vietnam
o North Vietnam
o Central Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Vietnam Dental Services Market.
Available Customizations:
Vietnam Dental Services Market report with
the given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling
of additional market players (up to five).
Vietnam Dental Services Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]