Dental Insurance Market Size and Industry Report 2023-2028

Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4928

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Market Overview:

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 health care policy that provides reimbursement against dental care and treatment expenditures. It involves the payment of monthly premiums and provides partial or complete coverage against dental procedures. It commonly covers the cost of fillings, root canals, preventive care and oral surgeries, such as tooth extractions. Direct reimbursement and indemnity plans are some of the common types of dental insurance coverage offered by Dental health maintenance organizations (DHMO), exclusive provider organizations (EPO), preferred provider organizations (PPO). Dental insurance aids in providing access to premium healthcare services, minimizing overall costs, maintaining good oral health and covering critical illnesses and surgeries.

Dental Insurance Market Trends:

The increasing prevalence of various oral disorders, such as gingivitis, tooth decay, oral cancer and broken teeth, is one of the key factors driving the growth of the market. With the changing dietary patterns and increasing consumption of sugary compounds, there is a rising incidence of gum disease and cavities. This has led to the widespread adoption of dental insurance policies to cover treatment expenditures and obtain premium-quality care. Moreover, various product innovations, such as the development of customized insurance plans that cover regular check-ups of the patients and offer affordable, more accessible and higher quality care, are providing a thrust to the market growth. In line with this, the increasing utilization of artificial intelligence (AI) to enable hyper-accurate, liability-free diagnostics and develop comprehensive insurance policies are positively impacting the market growth. Other factors, including the increasing demand for regular dental check-ups and significant growth in the healthcare industry, along with the implementation of various government initiatives to formalize dentalcare services, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global dental insurance market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, coverage, demographics and end user.

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
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.) and United HealthCare Services Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Type, Coverage, Demographics, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.) and United HealthCare Services Inc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global dental insurance market was valued at US$ 190.5 Billion in 2022.

We expect the global dental insurance market to exhibit a CAGR of 8.1% during 2023-2028.

The high prevalence of various oral health problems is catalyzing the adoption of dental insurance policies, to cover treatment expenditures and obtain premium-quality care, which is currently driving the global dental insurance market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in postponement of elective dental treatment to combat the risk of the COVID-19 infection, thereby negatively impacting the overall market for dental insurance.

Based on the type, the global dental insurance market has been segmented into major, basic, and preventive. Among these, preventive dental insurance represents the largest market share.

Based on the coverage, the global dental insurance market can be bifurcated into dental preferred provider organizations, dental health maintenance organizations, dental indemnity plans, and others. Currently, dental preferred provider organizations account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global dental insurance market include 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.), and United HealthCare Services Inc.

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