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Global Dental Insurance Market to Grow at a CAGR of 9% During the Forecast Period of 2022-2027, Driven by Thriving Cosmetic Dental Industry

According to a new report by EMR titled, ‘Global Dental Insurance Market Report and Forecast 2022-2027’, the global dental insurance market attained a value of about USD 161 billion in 2020. The market is further expected to grow at a CAGR of 9% in the forecast period of 2022-2027.

The prevalence of periodontal disorders, dental caries, and tooth decay are on the rise, which is adding to the patient pool. The changing eating patterns and lifestyles are leading to increased demand for the service. North America and Europe are among the leading regions for the industry. As there are less cost-effective facilities in the Asia Pacific nations, the industry for dental insurance will grow. The rising need for precise, preventative, and fast diagnostic procedures and increased awareness about oral health are driving the worldwide dental insurance market. The inclusion of benefits via information technology, cloud computing, data analytics, and other techniques is expected to drive the global dental insurance market forward. Increased assistance from numerous governments across the world, protection for dental insurers from changes in revenue, and higher costs and yields all contribute to the growth of the dental insurance sector.

In March 2021, Aflac Incorporated (NYSE: AFL), one of the leading companies in the market, said that it intends to devote at least an amount equal to the net proceeds from the offering to existing or future investments or financing of projects that provide environmental or social benefits and meet the Aflac Incorporated Sustainability Framework's eligibility criteria in the following categories: renewable energy, energy efficiency, green buildings, clean transportation, and sustainability. These categories also reflect and incorporate the priorities outlined in the United Nations' Sustainable Development Goals, which were approved by all UN Member States in 2015. This outlook of the company will provide an impetus to the growth of the dental insurance industry in the forecast period.

Market Analysis by Coverage, Type, Demographics, End-User, and Region:

  • The coverage for the industry includes dental preferred provider organisations (DPPO), Dental Health Maintenance Organisations (DHMO), and Dental Indemnity Plans, among others.
  • The market, on the basis of type, can be divided into major, basic, and preventive.
  • The demographics for dental insurance include senior citizens, adults, and minors.
  • The market on the basis of end-users is segmented into individuals and corporates.
  • The regional markets for dental insurance include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The dental insurance industry is flourishing due to expansion in technological facilities and advanced equipment for treatments.
  • The industry for dental insurance is expanding with rising awareness about oral health among people.
  • As the number of measures established by the government to help the destitute and vulnerable members of society grows, the market demand for dental insurance grows.
  • The dental insurance sector is growing in tandem with the rise of global tourism, which provides people with access to medical treatments in different nations.
  • The rising middle class and an increase in the number of high-net-worth individuals are predicted to boost the dental insurance industry in the coming years.

Key Offerings of the Report:

  • The EMR report gives an overview of the global dental insurance market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) market for types, coverage, demographics, end-user, and regions of the dental insurance industry.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for dental insurance are Aflac Incorporated, Ameritas Mutual Holding Company, Aetna Inc., Delta Dental Plans Association, MetLife Services and Solutions, LLC, and United HealthCare Services, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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