Dental Insurance Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dental Insurance Market Analysis
Dental Insurance Market has generated a revenue of USD 165 billion in the current year and is poised to achieve a CAGR of 9% for the forecast period.
Dental insurance is coverage protection for dental treatments. A dental insurance policy is designed to pay a portion of the costs associated with the treatment of dental conditions and preventive dental care. It helps in paying for unexpected dental emergencies that may be expensive to fix.
Developing economies are now getting concerned about oral health and the demand for dental care is emerging.
Various factors are leading to the growth of the dental insurance market such as rising disposal income, awareness of aesthetics, and rising frequent case of oral diseases such as gingivitis, tooth decay, oral cancer, etc.
During the COVID-19 outbreak, dental insurance providers have been largely affected, which has resulted in massive losses for insurers across the world due to consecutive lockdowns, social distancing norms, and an increased number of COVID-19-positive cases. The market for dental insurance is slowly grown after the pandemic. Increased awareness regarding the adoption of dental insurance in many developed nations has led to the widespread adoption of insurance policies.
Dental Insurance Market Trends
This section covers the major market trends shaping the Dental Insurance Market according to our research experts:
Rising Awareness about Oral Health is Expected to boost growth of Dental Insurance Industry
Dental diseases are a significant public health burden across the globe causing major health problems in many nations, causing pain, discomfort, and disfigurement, WHO recognizes oral health as an integral part of general health.
The importance of oral care and oral care products has grown tremendously in recent years due to increasing awareness among consumers and the knowledge about oral hygiene has increased not only in developing countries but also in underdeveloped countries.
Government Initiatives and Policies helps in the Growth of Dental Insurance Industry
The government is supporting the dental Insurance company by providing the protection of dental insurers against fluctuations in revenues, prices, and yields fuels the growth of the dental insurance market.
In addition, the rise in initiatives and support from the government has helped the insurers to avail of dental insurance coverages with more alternatives & customized options in the market. The Indian government has launched a scheme 'Ayushman Bharat', an initiative that covers dental insurance and aims at availing dental services to a large population base in the country.
Dental Insurance Industry Overview
Global Dental Insurance is mainly fragmented and is stepping towards consolidation. Some of the key players operating in the global dental insurance market include Aetna Inc, AFLAC Inc, Allianz SE, Ameritas Mutual Holding Company, AXA, Cigna, HDFC ERGO Health Insurance Ltd, MetLife Services and Solutions, and Delta Dental Plan Association.
Dental Insurance Market Leaders
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Aetna
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AFLAC Inc
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Allianz SE
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AXA
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Cigna
*Disclaimer: Major Players sorted in no particular order
Dental Insurance Market News
- In June 2022, Bajaj Allianz collaborated with Allianz Partners to launch Global Health Care, to provide health coverage across the world. Global Health Care product offers one of the widest Sum Insured ranges available in the Indian market, which starts from USD 100,000 to USD 1,000,000. The product is available with two plans, namely 'Imperial Plan' and 'Imperial Plus Plan', which offer both International and Domestic Covers.
- In January 2022, Aetna is offering Medicare Advantage Prescription Drug (MAPD) plans in 46 states. Aetna has added 83 new counties providing an additional 1 million more Medicare beneficiaries access to an Aetna plan. In total, It will offer MAPD plans in 1,875 counties in 2022, accessible by 53.2 million Medicare beneficiaries.
Dental Insurance Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Insights on Various Regulatory Landscape
- 4.5 Insights on impact of technology and innovation in market
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4.6 Industry Attractiveness - Porters' Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Coverage
- 5.1.1 Dental health maintenance organizations (DHMO)
- 5.1.2 Dental preferred provider organizations (DPPO)
- 5.1.3 Dental Indemnity plans (DIP)
- 5.1.4 Dental exclusive provider organizations (DEPO)
- 5.1.5 Dental point of service (DPS)
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5.2 By Procedure
- 5.2.1 Preventive
- 5.2.2 Major
- 5.2.3 Basic
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5.3 By End-users
- 5.3.1 Individuals
- 5.3.2 Corporates
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5.4 By Demographics
- 5.4.1 Senior citizens
- 5.4.2 Adults
- 5.4.3 Minors
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5.5 By Geography
- 5.5.1 North America
- 5.5.2 South America
- 5.5.3 Asia-Pacific
- 5.5.4 Europe
- 5.5.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Aetna
- 6.2.2 AFLAC Inc
- 6.2.3 Allianz SE
- 6.2.4 Ameritas Life Insurance Corp
- 6.2.5 AXA
- 6.2.6 Cigna
- 6.2.7 Delta Dental Plans Association
- 6.2.8 Metlife Services & Solutions
- 6.2.9 United HealthCare Services Inc.
- 6.2.10 United concordia
- 6.2.11 HDFC Ergo Health Insurance Ltd*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityDental Insurance Industry Segmentation
The report offers a complete background analysis of the Dental Insurance Market, which includes an assessment of the emerging market trends by segments, significant changes in the market dynamics, and the market overview. Global Dental Insurance Market is segmented by Coverage (Dental health maintenance organizations (DHMO), Dental preferred provider organizations (DPPO), Dental Indemnity plans (DIP), Dental exclusive provider organizations (DEPO), and Dental point of service (DPS)), by Procedure (Preventive, major, and basic), by End-users (Individuals and corporates), by demographics (senior citizens, adults, and minors) and by Geography (North America, South America, Asia-Pacific, Europe, and Middle-East and Africa). The report offers market size and forecast values for the Dental Insurance Market in USD billion for the above segments.
| By Coverage | Dental health maintenance organizations (DHMO) |
| Dental preferred provider organizations (DPPO) | |
| Dental Indemnity plans (DIP) | |
| Dental exclusive provider organizations (DEPO) | |
| Dental point of service (DPS) | |
| By Procedure | Preventive |
| Major | |
| Basic | |
| By End-users | Individuals |
| Corporates | |
| By Demographics | Senior citizens |
| Adults | |
| Minors | |
| By Geography | North America |
| South America | |
| Asia-Pacific | |
| Europe | |
| Middle-East and Africa |
Dental Insurance Market Research FAQs
What is the current Global Dental Insurance Market size?
The Global Dental Insurance Market is projected to register a CAGR of 9% during the forecast period (2024-2029)
Who are the key players in Global Dental Insurance Market?
Aetna, AFLAC Inc, Allianz SE, AXA and Cigna are the major companies operating in the Global Dental Insurance Market.
Which is the fastest growing region in Global Dental Insurance Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Dental Insurance Market?
In 2024, the North America accounts for the largest market share in Global Dental Insurance Market.
What years does this Global Dental Insurance Market cover?
The report covers the Global Dental Insurance Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Dental Insurance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dental Insurance Industry Report
Statistics for the 2024 Dental Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dental Insurance analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
