Dental Insurance Market was around USD 135.5 Billion in 2018 and is expected to generate around USD 217.6 Billion by 2027, at a CAGR of 5.4% from 2019 to 2027.
— Sion Market Research
SUITE N202, FLORIDA, USA, Sept. 15, 2022 /EINPresswire.com/ — Zion Market Research has released a new report titled, “Dental Insurance Market by Insurance Type (Preventive, Basic/Minor and Major) , by Mode of Distribution (Insurance Agents, Businesses and Online Channel) and by End User (Individuals and Families): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2027”. According to the report, the global dental insurance market was approximately USD 135.5 billion in 2018 and is expected to generate approximately USD 217.6 billion by 2027, at a CAGR of approximately 5.4% from 2019 to 2027.
In order to give users of this report a comprehensive view of the Dental Insurance market, we have included a competitive landscape and Porter’s Five Forces model analysis for the market. The study includes market attractiveness analysis, in which all segments are compared based on their market size, growth rate, and overall attractiveness.
Insurance is a type of contract represented by a policy. In insurance, a person or entity receives financial reimbursement or protection in the event of a claim from the insurance company. Dental insurance is a form of health insurance that only covers a person’s dental health or oral health. This insurance reimburses all types of dental costs incurred by patients. The high cost of dental procedures, rising prevalence of dental problems globally, and growing awareness of dental insurance are fueling the growth of the global dental insurance market.
The global dental insurance market is divided into type of insurance, mode of distribution and end user. By insurance type, the dental insurance market is segmented into preventative, basic/minor and major. The basic segment includes emergency care for pain relief, composite fillings (white fillings), recementing of dental crowns, amalgam fillings, sedative fillings, periodontal surgery, root canal treatment root canal, periodontal scaling and root planing, routine dental extractions, crowns, steels (prefabricated) and non-routine x-rays. Thus, the basic/minor segment dominated the market in 2018, as it mainly covers major and common dental procedures.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬
Based on the mode of distribution, the dental insurance market includes insurance agents, enterprises, and online channel. The online channel is expected to show a high growth rate in the coming years, owing to the increase in the use of internet and electronic gadgets in all regions. Companies dominated the global dental insurance market in 2018, as dental insurance is generally provided directly in groups at practices. The strong preference for the provision of corporate insurance purchased directly from companies will also fuel the growth of this segment.
Based on the end user, the dental insurance market includes individuals and families. Families dominated the market in 2018 and are also expected to show a higher growth rate over the forecast period, owing to the easy availability of family plans and lower costs of family plans compared to individual plans.
North America dominated the global dental insurance market in 2018, owing to the early introduction of highly developed dental surgical equipment, rising regional healthcare expenditures, high dental procedure costs and the presence of the main market players. Asia-Pacific is expected to show the highest CAGR in the global dental insurance market in the future, owing to the growing awareness of dental care procedures and benefits of dental insurances and rising prevalence of problems oral health in developing countries like India.
Some of the key players operating in the global dental insurance market include United HealthCare Services, Zurich Insurance Company, Cigna, Aetna, American International Group, AXA, Ameritas Life Insurance, Delta Dental, Envivas Krankenversicherung, Nippon Life Insurance Company, Aflac Incorporated , MetLife Services and Solutions, Colonial Life & Accident Insurance Company and Allstate Benefits.
𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐥𝐥𝐨𝐰𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:
𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐓𝐲𝐩𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐨𝐝𝐞 𝐨𝐟 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Browse the complete “𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐓𝐲𝐩𝐞 𝐁𝐚𝐬𝐢𝐜 / 𝐌𝐢𝐧𝐨𝐫 𝐌𝐢𝐧𝐨𝐫 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐌𝐚𝐣𝐨𝐫 𝐌𝐚𝐣𝐨𝐫 𝐌𝐚𝐣𝐨𝐫 𝐌𝐚𝐣𝐨𝐫 𝐛𝐲 𝐌𝐨𝐝𝐞 𝐌𝐨𝐝𝐞 𝐨𝐟 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐀𝐠𝐞𝐧𝐭𝐬 𝐀𝐠𝐞𝐧𝐭𝐬 𝐀𝐠𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐚𝐧𝐝 𝐛𝐲 𝐛𝐲 𝐛𝐲 𝐛𝐲 𝐛𝐲 𝐛𝐲 𝐛𝐲 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐄𝐧𝐝 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐅𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐅𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐅𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞, 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟏𝟖 – ”𝐑𝐞𝐩𝐨𝐫𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭
𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗
The unpredictable nature of the coronavirus pandemic has had a significant negative influence on the global dental insurance market. The finished product supply chain as well as raw material components are both impacted by COVID-19. The dental insurance market is dominated by North America, followed by Europe and Asia-Pacific, owing to the concentration of several prominent companies operating in these regions. Therefore, since many major players in these regions serve end users across the globe, the dental insurance market is expected to experience supply issues. Regional consumption is expected to increase in the relevant market as consumers become more concerned with maintaining their weight and adopting different diets to maintain good health. All in all, this is expected to lead to an increase in demand in the dental insurance market.
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