The Fragmented Dental Services Market Is Led By The UK’s National Health Service And British United Provident Association
The global dental services market is highly fragmented, with a large number of small players. The top ten players in the market constituted less than 1% of the total market in 2018. This is expected to slightly change in the near future, with the increase in the number of acquisitions by companies to expand their presence in other geographies. The UK’s National Health Service was the largest competitor with a 0.21% share of the market, followed by The British United Provident Association Limited with 0.19%. Other major players in the dental services market include Integrated Dental Holdings, Aspen Dental Management Inc., Abano Healthcare Group Ltd., Coast Dental Services, Inc., Q & M Dental Group (Singapore) Limited, InterDent, Inc., Healthway Medical Corporation Limited, and Clove Dental.
The UK’s National Health Service (NHS) was the largest competitor in the global dental services market in 2018. It is the UK’s publicly funded health system created under the UK’s National Health Service Act. It has more than 1.5 million employees. NHS England, NHS Scotland, and NHS Wales were established in 1948.
NHS’s growth strategy aims at making treatment more feasible and continuously helping people with various plans aiming at improving treatment. The NHS Long Term Plan was initiated to decrease the number of hospital appointments by 30%. As a result, patients with arthritis and other related conditions received treatment by general physicians without visiting hospitals. This initiative by the NHS enables patients to book appointments with the specialists without actually visiting the clinics, thus making the treatment process more convenient.
The British United Provident Association Limited (BUPA) was the second largest company in the dental services market in 2018. The company offers insurance services and healthcare services. It operates hospitals, primary healthcare and day care clinics, dental clinics, aged care homes, and rehab centers. The British United Provident Association Limited was established in 1947 and is headquartered in London, UK.
The British United Provident Association’s key strategy aims at strengthening its UK dental services business through various acquisitions and mergers. In February 2017, BUPA acquired Oasis Dental Care, a private dental services provider in the UK, to become the leading private dental provider in the UK.
The other top players in the market are also investing in similar strategies of acquisitions and partnerships to strengthen their positions in the dental services market. Abano Healthcare Group, for example, aims at expanding and strengthening its dental services business through acquisitions of dental care centers in New Zealand and Australia. In the financial year 2018, the company acquired 19 dental practices by investing NZD 40.3 billion.