According to IMARC Group latest report titled “Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on dental insurance market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 173.2 Billion in 2021. The Global Dental Insurance Market to reach US$ 290.5 Billion by 2027, exhibiting at a CAGR of 8.60% during 2022-2027.
Dental insurance is designed to pay a lump of the costs associated with treating dental conditions and preventive dental care. It aids in paying for unexpected dental emergencies that may be expensive to fix. It helps cover the costs of dental care, ranging from basic preventative coverage to major dental work, depending on the type and scope of the insurance plan.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global market is majorly driven by significant growth in the cosmetic industry. In line with this, the rising prevalence of dental caries and periodontal diseases is positively influencing the market. Furthermore, the growing awareness regarding the importance of maintaining oral hygiene is catalyzing the market. Moreover, the introduction of blockchain in dental healthcare insurance is creating lucrative growth opportunities for key market players. Besides this, implementing advanced technologies for helping insurers to enhance the claim process and avoid manual claim settlement processes, prevent insurance fraud, and derive over-diagnosis and diagnostic errors, thus strengthening the market growth.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Aetna Inc. (CVS Health Corporation)
- Aflac Inc.
- Allianz SE
- Ameritas Life Insurance Corp.
- Axa S.A.
- Cigna
- Delta Dental Plans Association
- MetLife Inc.
- United Concordia (Highmark Inc.)
- United HealthCare Services Inc
Dental Insurance Market Segmentation:
Our report has categorized the market based on region, type, coverage, demographics and end use industry.
Breakup by Type:
- Major
- Basic
- Preventive
Breakup by Coverage:
- Dental Preferred Provider Organizations
- Dental Health Maintenance Organizations
- Dental Indemnity Plans
- Others
Breakup by Demographics:
- Senior Citizens
- Adults
- Minors
Breakup by End User:
- Individuals
- Corporates
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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