Global Dental Insurance Market is expected to grow by USD 217.6 bn during 2022-2026, accelerating at a CAGR of 5.4% – InsuranceNewsNet

Dental Insurance Market

Dental Insurance Market Size

Dental Insurance Market Size

Dental Insurance Market was approximately USD 135.5 bn in 2018 and is expected to generate around USD 217.6 bn by 2027, at a CAGR of 5.4% between 2019 and 2027.

Global dental insurance market expected to generate around USD 217.6 billion by 2027, at a CAGR of around 5.4% between 2019 and 2027. Insurance is a contract type that is represented by a policy.”

Zion Market Research

SUITE N202, FLORIDA, UNITED STATES, September 15, 2022 /EINPresswire.com/ — Zion Market Research has published a new report titled “Dental Insurance Market by Insurance Type (Preventive, Basic/Minor, and Major), by Mode of Distribution (Insurance Agents, Corporates, and Online Channel), and by End-User (Individuals and Families): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global dental insurance market was approximately USD 135.5 billion in 2018 and is expected to generate around USD 217.6 billion by 2027, at a CAGR of around 5.4% between 2019 and 2027.

In order to give the users of this report a comprehensive view of the dental insurance market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@

Insurance is a contract type that is represented by a policy. In insurance, an individual or the entity receives financial reimbursement or protection in case of a loss from the insurance company. Dental insurance is a form of health insurance that covers only the dental health or oral health of a person. This insurance reimburses any kind of dental costs incurred by the patients. The high cost of dental procedures, growing prevalence of dental problems globally, and increasing awareness about dental insurance are fueling the global dental insurance market growth.

The global dental insurance market is divided into insurance type, mode of distribution, and end-user. By insurance type, the dental insurance market is segmented into preventive, basic/minor, and major. The basic segment includes emergency care for pain relief, composite fillings (white fillings), re-cementing of dental crowns, amalgam fillings, sedative fillings, periodontal surgery, root canal treatment, periodontal scaling and root planning, routine tooth extractions, crowns, stainless steel (prefabricated), and non-routine x-rays. Thus, the basic/minor segment dominated the market in 2018, as it covers mostly both the important and common dental procedures.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

Based on the mode of distribution, the dental insurance market includes insurance agents, corporates, and online channel. The online channel is anticipated to show a high growth rate in the years ahead, owing to the increase in the use of the internet and electronic gadgets in every region. Corporates dominated the global dental insurance market in 2018, as dental insurances are generally directly provided in groups in offices. The high preference for providing corporate insurances that are directly purchased from companies will also fuel the growth of this segment.

Based on end-user, the dental insurance market includes individuals and families. Families dominated the market in 2018 and are also anticipated to show a higher growth rate over the forecast time period, due to the easy availability of family plans and lower costs of family plans as compared to the individual plans.

North America dominated the global dental insurance market in 2018, owing to the early introduction of highly developed dental surgical equipment, increase in regional healthcare spending, high costs of dental procedures, and the presence of the major market players. Asia Pacific is expected to show the highest CAGR in the dental insurance market globally in the future, due to the growing awareness about dental care procedures and the benefits of dental insurances and growing prevalence of oral health problems in developing countries like India.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@

Some leading players operating in the global dental insurance market include United HealthCare Services, Zurich Insurance Company, Cigna, Aetna, American International Group, AXA, Ameritas Life Insurance, Delta Dental, Envivas Krankenversicherung, Nippon Life Insurance Company, Aflac Incorporated, MetLife Services and Solutions, Colonial Life & Accident Insurance Company, and Allstate Benefits.

𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐝𝐞𝐧𝐭𝐚𝐥 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐓𝐲𝐩𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Preventive
Basic/Minor
Major

𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐨𝐝𝐞 𝐨𝐟 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Insurance Agents
Corporates
Online Channel

𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Individuals
Families

Browse the full “𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐓𝐲𝐩𝐞 (𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐯𝐞, 𝐁𝐚𝐬𝐢𝐜/𝐌𝐢𝐧𝐨𝐫, 𝐚𝐧𝐝 𝐌𝐚𝐣𝐨𝐫), 𝐛𝐲 𝐌𝐨𝐝𝐞 𝐨𝐟 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 (𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐀𝐠𝐞𝐧𝐭𝐬, 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐬, 𝐚𝐧𝐝 𝐎𝐧𝐥𝐢𝐧𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥), 𝐚𝐧𝐝 𝐛𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫 (𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐚𝐧𝐝 𝐅𝐚𝐦𝐢𝐥𝐢𝐞𝐬): 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞, 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟏𝟖–𝟐𝟎𝟐𝟕” 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭

𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗

The coronavirus pandemic’s unpredictable nature has had a significant negative influence on the world market for dental insurance market. The supply chain for finished goods as well as the components of raw materials are both impacted by COVID-19. The dental insurance market is dominated by North America, followed by Europe and Asia Pacific, due to the concentration of several important firms operating in these regions. As a result, given that many major players in these regions serve end-users worldwide, the dental insurance market is anticipated to have some supply-related problems. Regional consumption is projected to increase in the relevant market as consumers become more concerned with maintaining their weight and adopting different diets to keep healthy. Overall, this should lead to a rise in demand for dental insurance market.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
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Kajal Rupnar
Zion Market Research
+ +18554654651 ext.
[email protected]
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