dental insurance market
IMARC Group expects the market to reach US$290.5 billion by 2027 growing at a CAGR of 8.60% over the period 2022-2027.
SHERIDAN, WYOMING, USA, Jan. 28, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report titled “Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market reached a value of US$173.2 billion in 2021. The global dental insurance market size is expected to reach US$290.5 billion by 2027, growing at a CAGR of 8.60% in 2022-2027. Dental insurance refers to a health care policy that provides reimbursement for dental treatment. It covers the cost of root canals, fillings, preventive care solutions and oral surgeries. Apart from that, it helps in minimizing the overall costs of healthcare services.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
The global market is mainly driven by the growing demand for cosmetic dental services, including professional teeth whitening and oral restorations through dental fillings. Furthermore, the increasing prevalence of oral diseases among the masses has given impetus to the requirement for dental insurance policies in a bid to cover treatment expenses while accessing top quality care. Moreover, the growing awareness about oral hygiene among individuals has also positively influenced the growth of the market. Additionally, numerous initiatives taken by the governments of several countries to improve the healthcare benefits have prompted customers to invest in dental insurance, thereby contributing to the growth of the market across the globe.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
• Aetna Inc. (CVS Health Corporation)
• Ameritas Life Insurance Corp.
• Delta Dental Plan 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.
Breakdown by type:
Breakdown by coverage:
• Organizations of preferred dental providers
• Dental health maintenance organizations
• Dental Compensation Plans
Breakdown by demographics:
Breakdown by end user:
Breakdown by 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, others)
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Complete mapping of the competitive landscape
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