The global demand for Dental Insurance Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Dental insurance also referred to as a dental plan, is a type of health insurance covering a portion of the costs incurred during a dental procedure. It will cover the issues related to teeth and gums, and preventative care like annual cleanings. But specific cosmetic procedures, such as crowns or whitening, are generally not covered. Like any health insurance plan, deductibles, co-pays, and coinsurance apply. Sometimes there is an annual maximum coverage limit, which, when exhausted, the additional treatment costs become the patient's responsibility. The various types of dental plans available are grouped into three basic categories: indemnity, PPO, and DHMO.
Market Dynamics
Dental insurance is obtainable either as part of a medical insurance plan or as a stand-alone policy.
Increased awareness of oral hygiene and advancement in the healthcare system will create opportunities for market growth. The rise in the number of patients with cavities, bad breath, and gingivitis due to unhealthy food habits will benefit this market's growth. Implementation of technology by insurance companies to enable a smooth claim process, reduce manual claims, prevent fraud, and diagnostic errors will boost the market growth. Emerging initiatives from the government in promoting the criticality of dental care and preventing insurers against revenue fluctuations will further propel market growth. The recent trends in the convergence of a dental plan with general health insurance will hamper this market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of dental insurance.
Market Segmentation
The entire dental insurance market has been sub-categorized into insurance type, mode of distribution and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Insurance Type
- Preventive
- Basic/Minor
- Major
By Mode of Distribution
- Insurance Agents
- Corporates
- Online Channel
By End-User
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for dental insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Dental Insurance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 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, Allstate Benefits. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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