DUBLIN–(BUSINESS WIRE)–April 15, 2022–
The global dental insurance market reached a value of US$173.2 billion in 2021. Going forward, the market is expected to reach US$290.5 billion by 2027, growing at a CAGR of 8. 60% in 2022-2027.
The rising prevalence of various oral disorders, such as gingivitis, tooth decay, oral cancer, and broken teeth, is one of the major factors driving the growth of the market. With changing dietary habits and increased consumption of sugary compounds, the incidence of gum disease and cavities is increasing. This has led to the widespread adoption of dental insurance policies to cover treatment expenses and obtain top quality care.
Additionally, various product innovations such as the development of personalized insurance plans that cover regular patient check-ups and provide affordable, more accessible and higher quality care are giving impetus to the growth of the market. In this light, the growing use of artificial intelligence (AI) to enable hyper-accurate, liability-free diagnoses and develop comprehensive insurance policies is positively impacting the growth of the market.
Other factors including growing demand for regular dental checkups and significant growth in the healthcare industry along with implementation of various government initiatives to formalize dental care services are expected to drive the market towards growth .
Key questions answered by this report:
- How has the global dental insurance market behaved so far and how will it behave in the years to come?
- What has been the impact of COVID-19 on the global dental insurance market?
- What are the main regional markets?
- What is the market breakdown by type?
- What is the market breakdown by coverage?
- What is the market breakdown by demographics?
- What is the market breakdown by end user?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global dental insurance market and who are the key players?
- How competitive is the industry?
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the major players being Aetna Inc. (CVS Health Corporation), Aflac Inc., Allianz SE, Ameritas Life Insurance Corp., Axa SA, Cigna, Delta Dental Plans Association, MetLife Inc., United Concordia (Highmark Inc.) and United HealthCare Services Inc.
The report provides an analysis of the main trends in each sub-segment of the global dental insurance market, as well as forecasts at the global, regional and country levels from 2022 to 2027.
- Preferred Dental Provider Organizations
- Dental Health Organizations
- Dental insurance plans
- Others
- The elderly
- Adults
- Minors
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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INDUSTRY KEYWORD: PROFESSIONAL SERVICES DENTAL HEALTH INSURANCE
SOURCE: Research and Markets
Copyright BusinessWire 2022.
PUBLISHED: 04/15/2022 05:14 AM/DISC: 04/15/2022 05:14 AM
Copyright BusinessWire 2022.
