Philippines Dental Care Market Outlook to 2019 : Ken Research

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Philippines Dental Care Market Outlook to 2019
Ken Research
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• The growth in the dental care market of
  Philippines 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 students opting for dental studies. Dental
  tourism has been rapidly flourishing in the
  country and has further driven the demand for
  premium quality consumables and advanced
  equipments for diagnosis and treatment.
• The Philippines dental care market has registered
  a figure of USD million during 2014 in
  comparison to USD million in 2009. The market
  has grown at a promising compound annual growth
  rate (CAGR) of during the period 2009-2014.
• Philippines dental care market has been
  classified on the basis of product categories
  which include dental care services, dental
  equipments and oral care. The largest revenue
  contributing segment to the overall market has
  been dental care services, which contributed a
  share of in 2009 and in 2014.

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• The Philippines has been majorly dependant on
  imports of dental equipments and consumables from
  markets such as China, Germany, Singapore, Japan
  and the US. Additionally, the market faces
  constraints in terms of resistance of Filipinos
  to visit a dentist. Further, the rural population
  of the country still does not spend much on
  secondary oral care products. The immigration of
  dentists to other countries in search of better
  opportunities is another major problem faced by
  the domestic market.

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• The Philippines dental care services market
  perceived an impressive compounded annual growth
  of during the review period 2009-2014. This
  tremendous elevation can be attributed to the
  growing concerns over maintaining proper oral
  hygiene. Changing lifestyles and eating
  preferences have affected the oral health of the
  Filipinos and increased the incidence of dental
  problems. The rising number of dental clinics in
  the country along with the growing number of
  dental practitioners has been further driving the
  growth of this market.
• It has been observed that the country recorded
  nearly registered dental professionals and
  dental clinics including both private clinics and
  public hospitals in 2014. Further, majority of
  the dental clinics in the Philippines were
  entrepreneur based standalone clinics, while only
  of the clinics was organized.

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• The prosthodontic dental service has been the
  largest revenue generating segment in the dental
  care services market, which reported revenue
  share in 2014. The dental cosmetic services along
  with restoration services which are increasingly
  becoming popular especially amongst tourists have
  contributed a revenue share of in the overall
  dental care services business in 2014.
• Why Was There An Increase In The Revenues Of
  Dental Equipments And Consumables In The
  Philippines?
• The Philippines dental equipments and consumables
  market which constituted a share of in the
  overall revenue of Philippines dental care market
  in 2014 garnered revenues of USD million during
  2014. Overall, the market has observed a
  reasonable CAGR of during 2009-2014.
• The Philippines dental equipments and consumables
  market has been mainly driven by increasing
  demand for technological advancements and the
  growing demand for premium quality supplies used
  in treatment by patients. Further, innovative
  dental chairs, imaging systems and CAD/CAM dental
  systems have facilitated rapid and effective
  dental diagnosis and treatments.

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• The Philippines is not a large manufacturer of
  medical devices or equipments and therefore
  largely dependent on imports from China, Germany,
  other countries including Singapore, South Korea,
  the US. It has been analyzed that local
  manufacturing in the Philippines is restricted to
  sterilizers, incubators and dental furniture
  which together contributed only a to the
  revenue of Philippines dental equipment market in
  2014.
• How Has The Philippines Oral Care Market
  Flourished In The Recent Past?
• The Philippines oral care market has been
  experiencing a transformation owing to increasing
  awareness for oral health and hygiene. Apart from
  dental carries and gum diseases, bad breath is a
  major concern amongst the Filipinos. The oral
  care market in the Philippines has grown at a
  CAGR of during the period of 2009-2014. Apart
  from toothpaste and toothbrushes, dental rinses
  and floss have gained popularity over the past
  few years particularly in the urban areas. As
  more and more people become conscious about their
  social status and physical traits, such products
  have been able to help Filipinos in avoiding bad
  breath and the problem of tooth sensitivity
  without having to visit a dentist very often.

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• The oral care market in the Philippines has been
  largely dominated by toothpaste and toothbrush,
  which contributed a gigantic share of to the
  overall revenue of the market in 2014. Further,
  mouthwashes have become an increasingly essential
  part of oral healthcare in the Philippines over
  the last decade.

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• The market for oral care in the Philippines has
  been majorly dominated by global players such as
  Colgate Palmolive, Unilever, PG and
  GlaxoSmithKline (GSK). Together, these players
  contributed a share of to the revenue of
  Philippines oral care market in 2014.
  Colgate-Palmolive Philippines has remained as the
  market leader holding its value share of in
  2014.
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• How Is Philippines Dental Care Market Expected To
  Perform In The Future?
• The dental care market in Philippines is expected
  to grow at a healthy pace owing to surge in the
  number of patients suffering from oral problems
  as well as due to the growing awareness among the
  countrys population. Additionally, consumption
  of alcohol and tobacco in larger quantities would
  amplify the incidence of oral problems among the
  youth. Further, the countrys growing elderly
  population will continue to act as an important
  driver of the dental care market. Rising incomes
  of consumers would enable them to spend on oral
  hygiene which includes oral care products.
  Additionally, the rising dental tourism in the
  country is further anticipated to support the
  growth of the market in the near future.

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• The dental care market is anticipated to witness
  a growth in the number of dental chains which
  would expand the share of organized dental
  clinics in the country. The need to use premium
  quality and durable consumables as well as
  advanced diagnostic and treatment equipments will
  continue to drive the dental equipments and
  consumables market in the Philippines. The
  country will continue to depend on imports until
  the government starts offering opportunities and
  incentives for growth of domestic manufacturers.
  The oral care market will continue to witness
  launch of new and innovative products by
  multinational companies. Use of innovative
  ingredients will attract customers and therefore
  drive growth in the oral care market.
• The Philippines dental care market will continue
  to be dominated by dental care services which
  would contribute a revenue share of in 2019.
  Dental Care services will also observe the
  fastest growth amongst all the market segments.

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• Key Factors Considered In The Report
• Comprehensive analysis of Philippines Dental Care
  market and its segments
• Listed major players and their competitive
  landscapes
• Analyzed profile of patients in the dental care
  services market of Philippines.
• Identified major industry developments in last
  few years and assess the future growth of the
  industry
• Regulatory framework help to understand
  investment opportunities and complexity involved

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• Source https//www.kenresearch.com/healthcare/gen
  eral-healthcare/philippines-dental-care-market-rep
  ort/5632-91.html
• Contact Ken ResearchAnkur
  Gupta, Head Marketing CommunicationsAnkur_at_kenre
  search.com91-9015378249

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