According to the latest report of the IMARC group titled “Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on dental insurance market research report. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The market reached a value of US$173.2 billion in 2021. The Dental Insurance Market will reach US$290.5 Billion by 2027, growing at a CAGR of 8.60% during the period 2022-2027.
Dental insurance covers the cost of dental treatment, basic dental care, accidental dental damage, oral examinations and x-rays. The insurance is designed to pay for a portion of the costs associated with the treatment of dental conditions and preventive dental care. It includes payment of monthly premiums, as well as partial or full coverage against dental procedures, such as fillings, root canals, oral surgeries and tooth extractions.
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Like the novel coronavirus (COVID-19[female[feminine) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the purchasing behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
The market is primarily driven by increased awareness and better dissemination of information regarding the importance of oral hygiene. Oral diseases such as gingivitis, tooth decay, oral cancer and broken teeth are major health problems that cause pain, discomfort, disfigurement and sometimes death. Moreover, rapid urbanization is changing eating habits and increasing the consumption of sugary foodstuffs, which further increases the cases of dental diseases. Additionally, governments in various countries are implementing measures to support patients with dental insurance. They also shield dental insurers from fluctuations in revenue, price, and yield, which, in turn, greatly influences the growth of the market. Additionally, dental insurance providers offer value-added services to customers to provide a smooth claims process, avoid manual claims adjudication processes, and prevent insurance fraud, overdiagnosis, and misdiagnosis. which also creates many growth opportunities for the market.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- Aetna Inc. (CVS Health Corporation)
- Aflac inc.
- Allianz SE
- Ameritas Life Insurance Corp.
- Axa SA
- Delta Dental Plan 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.
Breakdown by type:
Breakdown by coverage:
- Preferred Dental Provider Organizations
- Dental Health Organizations
- Dental insurance plans
Breakdown by demographics:
- The elderly
Breakdown by end user:
Breakdown by region:
- North America (USA, 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, Others)
Main 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
- Complete mapping of the competitive landscape
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