0

Dental Insurance Market Expected to Reach $237.11 Billion by 2027

 
2022
Dental Insurance Market

Report Code : A06828

quote India is expected to attain significant growth in the upcoming years, owing to emerging economies, increase in awareness toward dental insurance, and adoption of technology services in dental insurance product lines. quote

Pramod Borasi
Research Analyst, BFSI at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Dental Insurance Market by Coverage, Procedure Type, Demographics, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global dental insurance industry was valued at $152.26 billion in 2019, and is projected to reach $237.11 billion by 2027, growing at a CAGR of 10.7% from 2020 to 2027.

Dental insurance provides coverages only for dental health or oral health of a person and reimburses any kind of dental costs incurred by patients. Primarily, preferred provider organizations (PPO), dental health maintenance organizations (DHMO), and indemnity plans are some of the major plan covered under dental insurance. Moreover, rise in prevalence of dental problems, increase in awareness toward dental insurance, and high cost of dental procedures globally are some of the factors that drive growth of the global dental insurance market. Furthermore, implementation of technologies such as data analytics, artificial intelligence, and cloud computing are anticipated to boost development of the global dental insurance market in the upcoming years. However, the market faces some critical challenges such as tough profit margins, increase in convergence of dental & health insurance, and rise in advancements & developments of vaccines for dental treatments in the market. 

The dental insurance market is segmented on the basis of coverage, procedure type, demographics, end user, and region. In terms of coverage, it is segmented into Dental Preferred Provider Organizations (DPPO), Dental Health Maintenance Organizations (DHMO), Dental Indemnity Plans, and others. Based on type, it is segmented into major, basic/minor, and preventive. On the basis of demographics, it is
segmented into senior citizens, adults, and minors. By end user, it is bifurcated into individuals and corporates. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By coverage, the Dental Preferred Provider Organizations (DPPO) segment dominated the dental insurance market in 2019 and is projected to maintain its dominance during the forecast period. The major factors attributed to the growth of this segment is due to DPPO operates with a large network and provides more flexibility compared to alternative plans, with discounted services in the market.

By type, the preventive segment dominated the dental insurance market in 2019 and is projected to maintain its dominance during the forecast period. As several forms of preventive dentistry are maintaining optimal oral health coverages, recommending practices for dental hygiene, and ensuring that teeth are clean, strong, and white. These factors are therefore, driving the growth of preventive segment in the market.

By region, the global dental insurance market was dominated by North America in 2019 and is expected to maintain this trend during the forecast period. In the U.S., adoption of dental insurance has widely increased and corporates in the country are covering dental insurance for 59% of working adults, which some has become a major growth factor for the dental insurance market in the country. Therefore, adoption of dental insurance has widely increased and is expected to maintain its dominance during the forecast period. 

The dental insurance industry has experienced decline in revenue, owing to the global fear of virus, economic effects of the pandemic, and reduction in demand for dental services in the market. Conversely, owing to improvement in the global economy, implementation of several guidelines by governments to overcome the negative impact, and development in existing dental insurance policy are some of the factors expected to boost the dental insurance market in the upcoming years. 

Key Findings Of The Study

  • By coverage, the dental preferred provider organizations (DPPO) segment led the dental insurance market size, in terms of revenue, in 2019.
  • By end user, the corporates segment accounted for the highest share in 2019.
  • By region, North America generated highest revenue in 2019.

The key players profiled in the dental insurance market analysis are Aetna Inc., AFLAC INCORPORATED, Allianz, Ameritas, AXA, Cigna, Delta Dental, HDFC ERGO Health Insurance Ltd. (Apollo Munich), MetLife Services and Solutions, LLC, and United HealthCare Services, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Dental Insurance Market by Coverage (Dental Preferred Provider Organizations (DPPO), Dental Health Maintenance Organizations (DHMO), Dental Indemnity Plans, and Others), Procedure Type (Major, Basic, and Preventive), Demographics (Senior Citizens, Adults, and Minors), and End User (Individuals and Corporates): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Dental Insurance Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers