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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.
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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.
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