Dental Tourism: Price Wars and Growing amount of Providers

Dental Tourism – Trends and Predictions General - Global - Travel & Tourism Industry NewsMedical tourism, health tourism industry news

Date 30.06.2014

Today, dental tourism is a booming industry that is increasing in popularity. Many dentists fight for their reputation to remain the first option for travelling patients as some dental clinics do not attract enough business. Dental clinics work at attracting foreign patients by claiming they provide quality dental services at x% less than other countries.

Dental Tourism – Trends and Predictions

How the patients choose the doctor

One wonders how patients choose amongst so many dentists; what the criteria are and how far patients are willing to travel for their dental treatments. According to a Congress report ‘The Dental Crisis in America’, about 130 million US people don’t have dental insurance while only part of dental care costs is covered by the National Health Service in UK.

Dental treatment is rather expensive even for those with insurance in Australia, especially for cosmetic dentistry and dental implants as they are not covered. Many Europeans do not use dental insurance but pay full price for their dental procedures, which is expensive. What are the key factors tourists considered while choosing a dentist?

Prices

Consumers can save lots, about 50-70% if they opt to go abroad for dental work. A dental implant costs about $4,000 in US, $3,500 in UK and is as low as $1,500 in Thailand, $1,000 in Turkey and $750 in Argentina and India.

Dental veneers cost reaches $1,800 in US, $870 in UK and goes as low as $300 in Turkey, $250 in Colombia, India and Thailand, $200 in Philippines and only $150 in Malaysia. Teeth whitening costs $2,300 in US but only $450 in Turkey, $350 in Mexico, $250 in Costa Rica and $100 in India. Dental crowns cost $2000 in US, $1000 in UK and only $400 in Mexico, $350 in Venezuela and Thailand, $300 in India and Turkey and $100 in Philippines.

Consumers thus receive same skills, equipment and products from the same manufacturer at cheaper rates abroad as product rates differ by country. Moreover, malpractice insurance and related infrastructure costs are cheaper in these growing dental tourism markets. In fact, price is the main factor for the expansion of dental tourism in countries like India, Costa Rica, Turkey, Thailand, Mexico and Columbia while Eastern Europe countries offer low cost dental services as well.

Dental Tourism – Trends and Predictions

Location

Dental clinics offering services to foreigners are growing in amount in cities like Los Algodones in Mexico having more than 300 affordable dental care providers and Bangkok, Thailand boasting of an extensive network of clinics with attractive costs.

Many locations offer the consumers discounted dental care when compared to prices in their home countries while many dentists join dental tourism market with special offers that come with slight twists. One factor that decides where consumers go is how far they are ready to travel for their dental treatment, and if the travel costs are worth it.

Predictions for 2014

Dental tourism demand is expected to expand with the number of dentists offering services in the year 2014. The trends foreseen by experts include:

Multi trips: Consumers who require extensive dental work like dental crowns or implants, root canals or dentures will have to make frequent visits to the dentist for perfect results and maybe an additional biannual check-up.

Regional options: Regional solutions will affect dental tourism, especially if distance travelled is a major factor that equals travel costs. The evolving industry will make consumers travel to places they are comfortable and familiar with so that they can also plan a vacation. Like North Americans may travel to Latin America, Europeans will travel to Eastern Europe, Australians will travel to South East Asia while Asians will travel within Asia.

Competition: Dentists look to expand revenues as they see huge potential in dental travel. Thus dentist clinics with limited infrastructure and centers with wide offerings compete to attract the same patients. This competition leads to confusion, chaos and blurring of lines between the good and bad and can lead to a price war.

Dental Tourism – Trends and Predictions
Price wars: As consumers will look for deals with a total return on investments including treatment and travel costs, lodging and incidental expenses, they look for all-inclusive deals to reduce potential financial risks. People tend to travel if they have significant savings and will not travel for a single dental implant, unless they had already planned to visit the country.

Transparency: This is important as many times, there are differences between what is marketed and what is delivered. Dentists may advertise the use of top American brand dental implants but actually use low quality, unreliable implants while charging for a high-grade article. Consumers thus have to do proper research before undergoing any treatment.

Commodity: As suppliers and demand for service is common, dental tourism is growing into a commodity-type market where procedures, materials, techniques and skills used are similar everywhere. Differentiating factors like costs and quality are blurred amongst the many dental service providers.

Competitive advantages: To remain competitive dental clinics have to think strategically and differentiate themselves through innovation, talent and services offered.

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