New York, June 03, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Dental Insurance Market Segments by End User; By Product Type and Region – Global Analysis of Size, Share and market trends for 2019-2020 and forecast to 2030” – https://www.reportlinker.com/p06191822/?utm_source=GNW
Dental insurance is a kind of medical insurance that only covers a person’s dental or oral health. This insurance reimburses dental costs incurred by patients. Dental procedures are very costly, dental problems are rapidly increasing across the world, and there is a growing awareness of dental insurance which is accelerating the growth of the global dental insurance market.
Global dental insurance is expected to project a notable CAGR of 10.32% in 2030.
Global dental insurance is expected to exceed USD 454.71 billion by 2030 from USD 143.88 billion in 2020 at a CAGR of 10.36% in the coming years i.e. 2021-30. The market size of the dental insurance industry has increased owing to the growing awareness of oral hygiene, increased support from various countries around the world, and protection of dental insurers from changes in income. In the coming years, the use of technologies such as artificial intelligence, data analytics, and cloud computing is expected to provide market players with profitable opportunities.
Global Dental Insurance: Segments
Preferred Dental Provider Organizations (DPPO) Segment Expected to Grow with Highest CAGR in 2020-30
Global Dental Insurance is segmented by product type into Dental Indemnity Schemes, Dental Health Maintenance Organizations (DHMO), Preferred Dental Provider Organizations (DPPO) and Other. By coverage, the Dental Preferred Provider Organization (DPPO), which operates with a large network and offers more versatility, dominates the 2020 market. It accounts for nearly three-quarters of the global dental insurance market. However, in the projected period, the largest CAGR of XXXX% is expected to be in the dental compensation segment, as it covers the most competitive preventive and diagnostic services and specialty therapies like endodontists and prosthodontists.
Individual Segment Expected to Grow with Highest CAGR in 2020-30
Global Dental Insurance is divided by end user into companies and individuals. The highest CAGR level of XX% is expected for individual end-users during the forecast period, as dental purchases are very expensive and coverage ultimately depends on an age category. The corporate segment accounted for the highest proportion of the global dental insurance industry in 2019, accounting for more than two-thirds, as employers are legally required to provide certain benefits to workers, such as insurance plans sickness, workers’ compensation and disability.
Awareness of oral hygiene
The expected dominance of the global dental insurance market has been boosted by increasing knowledge about oral hygiene, increased support from governments around the world, and protection of dental insurers from financial shocks.
In the coming years, the use of technologies such as artificial intelligence, data analytics, and cloud computing is expected to provide market players with profitable opportunities.
High profit margins
High profit margins, growth in dental drug advancements and development, and the rise of dental/health insurance convergence are restraining the growth of the industry. There has also been significant variability in the global market as economic conditions change.
Global Dental Insurance Market: Key Players
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
UnitedHealth Group Inc.
Other top players
Global Dental Insurance: Regions
Global dental insurance is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. By region, the North American dental market held the largest share and accounted for nearly 50% of the market in 2019 as dental insurance was increasingly widely accepted in the United States. However, Asia-Pacific’s largest CAGR of 13.2% is expected in the forecast period due to developing countries, increased awareness of dental care and deployment of dental insurance technology services. Dental insurance is expected to support dental insurance demand in Asia-Pacific lately in emerging countries such as India and China. In addition to the existing basic health insurance, the Chinese government is working to promote the establishment of commercial dental insurance and the establishment of a diversified insurance system that will meet the requirements of small dental care needs. and the specific demands for important dental care, so the progress of dental insurance in this area is also driving this.
Global dental insurance is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Dental Insurance Report also contains analysis on:
Dental insurance segments:
By product type
Dental Health Maintenance Organizations (DHMO)
Dental insurance plans
Preferred Dental Provider Organizations (DPPOs)
Per end user
Dynamics of dental insurance
Dental insurance size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Read the full report: https://www.reportlinker.com/p06191822/?utm_source=GNW
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