PUBLISHER: Grand View Research | PRODUCT CODE: 1404595
PUBLISHER: Grand View Research | PRODUCT CODE: 1404595
The India dental insurance market size is expected to reach USD 2.87 billion by 2030, registering a CAGR of 13.36% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is attributed to factors such as surging dental care costs, awareness of oral hygiene, government support, andconsumer awareness.
There have been notable enhancements in the healthcare infrastructure in recent years, driven by private enterprises and startups extending their services to semi-urban and rural regions. Furthermore, the government has introduced initiatives like the National Health Protection Scheme and multiple insurance programs to promote healthcare awareness among the population.
The cost of dental care is steadily rising, making it increasingly important for individuals to have access to dental services through the dental insurance market. Dental insurance plans were not previously available as separate policies, but now they are, and this is expected to entice more individuals to choose dental insurance over other options.
Increasing dental awareness is a critical factor contributing to the growth of the dental insurance market in India. Dental awareness has been bolstered by educational initiatives and information dissemination by both government agencies and private organizations. Awareness campaigns, workshops, and seminars have been conducted to educate people about the importance of oral health. People are becoming more conscious of preventive dental care and are seeking regular dental check-ups and treatments.