Dental Insurance Market Report:
According to IMARC Group latest report titled “Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on dental insurance market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 173.2 Billion in 2021. The Global Dental Insurance Market to reach US$ 290.5 Billion by 2027, exhibiting at a CAGR of 8.60% during 2022-2027.
Dental insurance is designed to pay a lump of the costs associated with treating dental conditions and preventive dental care. It aids in paying for unexpected dental emergencies that may be expensive to fix. It helps cover the costs of dental care, ranging from basic preventative coverage to major dental work, depending on the type and scope of the insurance plan.
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Market Trends:
The global market is majorly driven by significant growth in the cosmetic industry. In line with this, the rising prevalence of dental caries and periodontal diseases is positively influencing the market. Furthermore, the growing awareness regarding the importance of maintaining oral hygiene is catalyzing the market.
Moreover, the introduction of blockchain in dental healthcare insurance is creating lucrative growth opportunities for key market players. Besides this, implementing advanced technologies for helping insurers to enhance the claim process and avoid manual claim settlement processes, prevent insurance fraud, and derive over-diagnosis and diagnostic errors, thus strengthening the market growth.
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.
Type:
- Major
- Basic
- Preventive
Coverage:
- Dental Preferred Provider Organizations
- Dental Health Maintenance Organizations
- Dental Indemnity Plans
- Others
Demographics:
- Senior Citizens
- Adults
- Minors
End User:
- Individuals
- Corporates
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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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