DUBLIN, April 19, 2022 /PRNewswire/ — The report “Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
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, posting a CAGR of 8.60% over the period 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 reviewed along with the profiles of major players i.e. 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.
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
- United States
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/le8v2e
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SOURCE Research and Markets