MarketResearch.biz announces the publication of its most recent research report titled “Global Dental Insurance Services Market by Insurance Type (Preferred Dental Provider Organization (DPPO), Dental Health Maintenance Organization (DHMO), Dental Benefit and Others), End User (Individual, Family, and Group), Coverage (Preventive, Basic , major and orthodontic) and region – Global Forecast to 2020 and 2030. ”, which offers a holistic view of the global dental insurance services market through systematic segmentation that covers all aspects of the target market. The first five-year cumulative revenue (2021-2025) is expected to exceed US $ 217,720.1 million, which is expected to increase moderately in the latter part of the five-year forecast period.
Dental insurance is generally a stand-alone health insurance policy, which fully covers all risks associated with tooth and gum disease, fillings, extractions, preventive care, root canals and annual cleanings. Dental insurance services are structured around a business model where they are required to pay a portion of an individual’s medical costs associated with preventive, major and minor dental care.
Global Dental Insurance Services Market: Market Dynamics
Dental insurance offers many benefits, including treatment for infected nerves, minor surgeries, tooth extraction procedures, and drainage for minor oral infections. These aforementioned benefits of oral hygiene insurance services are also expected to drive the revenue growth of the dental insurance industry. The growing support and initiatives of several governments around the world for dental hygiene services and insurance coverage are other factors that are likely to fuel the expected financial growth of the dental insurance industry over the years. Next 10 years.
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However, an increase in the inclusion of dental insurance coverages in health insurance plans and an increase in the implementation of various advances and developments in medicine required for dental treatment are also expected to contribute to the decline in demand for these services, which in turn is expected to constrain the potential opportunities for the projected revenue growth of this market.
The incorporation of various technologies such as cloud computing, artificial intelligence, data analytics, etc., is expected to create lucrative opportunities for dental insurance service providers in the years to come.
Global Dental Insurance Services Market: Market Forecast
The comprehensive research report comprises a comprehensive forecast of the global dental insurance services market based on factors affecting the market and their impact for the foreseeable future. The global dental insurance services market revenue is forecast to increase at a moderate CAGR of 8.0% during the forecast period.
Global Dental Insurance Services Market: Segment Overview
The market report has been segmented on the basis of insurance type, end user, coverage, and region. Insurance type segment includes Preferred Dental Provider Organization (DPPO), Dental Health Maintenance Organization (DHMO), Dental Compensation and others. The end user segment includes individuals, families and groups. The coverage segment includes preventive, basic, major and orthodontic care. The regions covered by the analysis are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
By type of insurance: The Preferred Dental Provider Organizations (DPPO) segment is expected to register a CAGR of over 8.4%, representing the highest revenue share among insurance-type segments.
By the end user:
The family is expected to register a CAGR of over 8.3% during the forecast period, representing the highest revenue share among end user segments.
By coverage: The preventive segment is expected to register a CAGR of over 9.0% during the forecast period, representing the highest revenue share among the coverage segments.
The North American market accounted for the highest revenue share in the global dental insurance services market in 2020 and is expected to register a CAGR of over 9.1% between 2021 and 2030.
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Global Dental Insurance Services Market: Competitive Analysis
Global Dental Insurance Services Market research report includes profiles of leading companies such as CVS Health Corp, UnitedHealth Group, Inc (United HealthCare Services, Inc.), AXA SA, MetLife, Inc., Cigna Crop, Physician Mutual Insurance Company, OdontoPrev SA, Delta Dental, Dentegra Seguros Dentales SA, Centauro.
The Global Dental Insurance Services Market: Global Industry, Size, Share, Growth, Trends and Forecast, 2021-2025 report has been prepared on the basis of in-depth market analysis with contributions from industry experts. This report covers the current scenario and growth prospects of the global dental insurance services market for 2020-2030.
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