PUBLISHER: Value Market Research | PRODUCT CODE: 1547773
PUBLISHER: Value Market Research | PRODUCT CODE: 1547773
The global demand for Dental Insurance Market is presumed to reach the market size of nearly USD 515.4 Billion by 2032 from USD 214.69 Billion in 2023 with a CAGR of 10.22% under the study period 2024-2032.
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.
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 research 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 an inclusive assessment of each segment in the global market of Dental Insurance. The growth and trends of Dental Insurance industry provide a holistic approach to this study.
This section of the Dental Insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Dental Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 Cigna, AXA, AFLAC Inc., Allianz SE, Aetna, Ameritas Life Insurance Corp., United HealthCare Services Inc., Metlife Services & Solutions, Delta Dental Plans Association, HDFC Ergo Health Insurance Ltd., United Concordia. This section consists of 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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