Global Dental Insurance Market Report and Forecast 2024-2032

Global Dental Insurance Market Outlook

The global dental insurance market attained a value of about USD 208.50 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.9% to reach a value of nearly USD 451.14 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Awareness about Oral Health is Expected to Cater to the Dental Insurance Industry

Oral illnesses are a major health problem in many nations, causing pain, discomfort, disfigurement, and sometimes death. Other major noncommunicable illnesses share risk factors with these diseases. Due to increased consumer knowledge and enhanced information dissemination in emerging countries, the relevance of oral care and oral care products has risen dramatically in recent years. The primary necessity for oral health-care goods derives from the fact that the majority of oral health disorders can be prevented and/or treated with commercially available items. There is a growing awareness of the need for dental care and the issues that can result from poor oral hygiene, which is driving up demand for regular dental check-ups and, as a result, demand for effective dental insurance.

Dental Insurance: Market Segmentation

Dental insurance is a type of insurance that covers dental treatment. Dental insurance will cover the expense of basic dental care as well as accidental tooth damage. Oral examinations and X-rays, as well as preventive dental care, are covered by dental insurance. Dental offices typically have a pricing schedule, or a price list, for the dental treatments or procedures they provide. Dental insurance providers have similar pricing schedules that are based on usual and customary dental services, as well as an average of fees in a given location. The fee schedule is a frequent transactional tool between the insurance company, dental office, and/or dentist, and the consumer.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The market can be divided on the basis of coverage into:

• Dental Preferred Provider Organisations (DPPO)
• Dental Health Maintenance Organisations (DHMO)
• Dental Indemnity Plans
• Others

The major types of dental insurance are:

• Major
• Basic
• Preventive

The market can be categorised on the basis of demographics into:

• Senior Citizens
• Adults
• Minors

The market can be broadly categorised on the basis of its end users into:

• Individuals
• Corporates

The EMR report looks into the regional markets of dental insurance like North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Government Initiatives and Policies to Aid the Growth of Dental Insurance Industry

With the fluctuating economic dynamics of countries worldwide, unstable revenue, prices, and yields are some of the major drivers heavily escalating the growth and development of the dental insurance industry. There is a rise in support and initiatives from multiple governments, particularly focused on enhancing healthcare benefits and dental insurance, as well as increasing protection to dental insurance providers and customers. This is expected to propel more customers to invest in dental insurance, consequently aiding the market growth. Further, there are various policies that are made keeping in mind the demographic structure of nations and schemes to cater to the requirements and needs of the underprivileged section of the society. This is made possible through important oral health strategies, with an emphasis on low-income and marginalised individuals who have the most limited access to oral health care. Strengthening both cost-effective population-wide preventive and patient-centred primary health care are among these initiatives that will help the growth of the dental insurance industry.

Key Industry Players in the Global Dental Insurance Market

The report presents a detailed analysis of the following key players in the global dental insurance market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Aflac Incorporated
• Ameritas Mutual Holding Company
• Aetna Inc.
• Delta Dental Plans Association
• MetLife Services and Solutions, LLC
• United HealthCare Services, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report