According to IMARC Group latest report titled “Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on dental insurance market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global dental insurance market size reached US$ 190.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 310.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Dental insurance is a specialized form of health insurance designed specifically to cover a portion of the costs associated with dental care. It comes into play in a wide range of dental care aspects, from routine check-ups to significant procedures such as root canals, dental implants, or orthodontics. Dental insurance policies typically work by paying a specific percentage of the service’s fees, usually on a scaling percentage dependent on the type of procedure or preventative care. Policies may differentiate coverage levels for preventive care, minor procedures, and major treatments, hence enabling policyholders to mitigate high dental care costs and promote regular dental check-ups. Through a monthly or annual premium, dental insurance serves as a financial safety net for individuals, families, and employees in case of unexpected dental expenses, thus fostering oral health maintenance.
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Market Trends:
The escalating costs of dental care majorly drive the global market. This can be supported by the growing importance of dental insurance, making it a necessity for a majority of the global population. Along with this, increasing awareness about oral health and its correlation with overall health is influencing the demand for dental insurance as more individuals recognize the benefits of preventative dental care. Concurrently, employers offering dental insurance as part of their employee benefits package is a significant trend shaping the market, aiding in both employee retention and health promotion. In addition, the rise in dental diseases, attributable to changing lifestyles and dietary habits, contributes to the growing need for dental insurance. Apart from this, the emergence of innovative insurance products with varied coverage, cost benefits, and customizability is further propelling market growth. Furthermore, the integration of technology, such as AI and data analytics in claim processing and customer service, is revolutionizing the dental insurance market, enhancing customer experience and operational efficiency.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aetna Inc. (CVS Health Corporation)
- Aflac Inc.
- Allianz SE
- Ameritas Life Insurance Corp.
- Axa S.A.
- Cigna
- Delta Dental Plans 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.
Breakup by Type:
- Major
- Basic
- Preventive
Breakup by Coverage:
- Dental Preferred Provider Organizations
- Dental Health Maintenance Organizations
- Dental Indemnity Plans
- Others
Breakup by Demographics:
- Senior Citizens
- Adults
- Minors
Breakup by End User:
- Individuals
- Corporates
Breakup by Region:
- North America (United States, 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, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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