MarketResearch.biz announces the publication of its latest research report titled “Global dental insurance services market by type of insurance (Dental Preferred Provider Organization (DPPO), Dental Health Maintenance Organization (DHMO), Dental Indemnity & Others), End User (individual, family and group), coverage (preventive, basic, major and orthodontic) and Region – Global Forecast to 2020 & 2030.”, which provides a holistic view of the global dental insurance services market through systematic segmentation that covers all aspects of the target market. Cumulative revenue for the first five years (2021-2025) is expected to exceed US$217,720.1 million, which is expected to increase moderately during the latter part of the five-year forecast period.
Dental insurance is generally a stand-alone health insurance policy, which fully covers all risks associated with tooth and gum disease, fillings, extractions, preventative care, root canal treatments and annual cleanings. Dental insurance services are structured around a business model where they are required to pay a portion of an individual’s medical expenses related to preventative, major and minor dental care.
Global Dental Insurance Services Market: Market Dynamics
Dental insurance offers many benefits, including treatment of infected nerves, minor surgeries, tooth extraction procedures, and drainage of minor mouth infections. These aforementioned benefits of oral hygiene insurance services are also expected to support the revenue growth of the dental insurance industry. Rising support and initiatives from several governments across the globe for dental hygiene services and insurance coverage are other factors that are likely to fuel the expected financial growth of the insurance industry. dentistry over the next 10 years.
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However, an increase in the inclusion of dental insurance coverages in health insurance plans and an increase in the implementation of various advancements and developments in medicine necessary for dental treatments are also expected to contribute to the decline in demand for these services, which in turn is expected to limit potential opportunities for projected revenue growth from this market.
The integration of various technologies such as cloud computing, artificial intelligence, data analysis, etc. is expected to create lucrative opportunities for dental insurance service providers in the years to come.
Global Dental Insurance Services Market: Market Forecast
The comprehensive research report includes a comprehensive forecast of the global Dental Insurance Services market based on factors affecting the market and their impact for the foreseeable future. According to forecast projections, the global dental insurance services market revenue is expected to grow at a moderate CAGR of 8.0% during the forecast period.
Global Dental Insurance Services Market: Segmented Overview
The market report has been segmented on the basis of insurance type, end user, coverage, and region. The insurance type segment includes dental preferred provider organization (DPPO), dental health maintenance organization (DHMO), dental indemnity and others. The end user segment includes individuals, families and groups. The coverage segment includes preventive, basic, major and orthodontic care. The regions covered in the analysis are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
By type of insurance: The Dental Preferred Provider Organizations (DPPO) segment is expected to register a CAGR of over 8.4%, representing the highest revenue share among the insurance-type segments.
Per end user:
Family is expected to register a CAGR of over 8.3% during the forecast period, representing the highest revenue share among end-user segments.
Per cover: The preventive segment is expected to register a CAGR of over 9.0% during the forecast period, representing the highest revenue share among the hedging segments.
The North America market accounted for the highest revenue share in the global dental insurance services market in 2020 and is expected to register a CAGR of over 9.1% between 2021 and 2030.
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Global Dental Insurance Services Market: Competitive Analysis
The Global Dental Insurance Services Market research report includes profiles of major companies such as CVS Health Corp, UnitedHealth Group, Inc (United HealthCare Services, Inc.), AXA SA, MetLife, Inc., Cigna Crop, Physician Mutual Insurance Company, OdontoPrev SA, Delta Dental, Dentegra Seguros Dentales SA, Centauro.
The Global Dental Insurance Services Market Report: Global Industry, Size, Share, Growth, Trends and Forecast, 2021-2025 has been prepared based on in-depth market analysis with inputs from industry experts . This report covers the current scenario and growth prospects of the global dental insurance services market for 2020-2030.
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