Global Dental Insurance Market By Overview
Dental insurance, sometimes called a dental plan, may be a sort of insurance designed to pay some of the prices related to care. There are several differing types of individual, family, or group dental insurance plans grouped into three primary categories: Indemnity, Preferred Provider Network (PPO), and Dental Health Managed Organizations (DHMO). Generally dental offices have a fee schedule, or an inventory of costs for the dental services or procedures they provide. Dental insurance companies have similar fee schedules which is usually supported Usual and Customary dental services, a mean of fees in a neighborhood. The fee schedule is usually used because the transactional instrument between the insurance firm, dental office and/or dentist, and therefore the consumer. The Global Dental Insurance Market accounted for US$ 164.56 billion in 2020 and is estimated to be US$ 384.90 billion by 2030 and is anticipated to register a CAGR of 8.90%.
Global Dental Insurance Market By Drivers & Restraints
Cost of dental treatment becomes cost effective
Dental insurance is the due to dental insurance the cost of dental treatment become cost effective due to the insurance policies which is the propelling factor for the growth of global dental insurance market. Due to increasing dental problems the need of dental treatment increases hence, the awareness about dental care procedure increases which drives the global dental insurance market. For instance, according to National Center for Health Statistics in the year 2017, the visits of adult population to the dentist is 64.0 %. However, there is extreme competition for the sale of dental insurance due to more firm and less investor which is the major restraining factor for the growth target market.
Nevertheless, new innovation on the schemes of dental insurance to gain profit is the opportunity for the growth of global dental insurance market
Global Dental Insurance Market By Segmentations & Regional Insights
The global dental insurance market is segmented based on insurance type, modes of distribution, end user and, by region.
On the basis of insurance type, the global dental insurance market is classified into preventive insurance, basic/minor insurance, and major insurance. Based on modes of distribution, the global market is bifurcated insurance agents, corporates, and online channel. Also, on the basis of end-user the target market is classified as individuals and families. On the basis of region, the global dental insurance market is categorized into North America, Europe, Asian Pacific, Latin America, and Middle East & Africa.
Regional Insights:
For detailed understanding of market dynamics, Based on the region the Global Dental Insurance Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market dominates the global market in terms of revenue over the forecast period. This can be attributed to the high rate of adoption of the advanced technologies in the market studied. Presence of key players such as United Healthcare Services, in the target market is also major factor for the growth of this region.
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2029 |
Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
Market Segmentation |
By Insurance Type: Preventive Insurance, Basic/Minor Insurance, And Major Insurance By Modes of Distribution: Insurance Agents, Corporates, And Online Channel By End-User: Individuals And Families |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Global Dental Insurance Market, By Insurance Type:
- Preventive Insurance
- Basic/Minor Insurance
- Major Insurance
Global Dental Insurance Market, By Modes of Distribution:
- Insurance Agents
- Corporates
- Online Channel
Global Dental Insurance Market, By End User:
- Individuals
- Families
Global Dental Insurance Market, By Region:
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- North America
- North America Dental Insurance Market, By Insurance Type
- North America Dental Insurance Market, By Modes of Distribution
- North America Dental Insurance Market, By End User
- North America Dental Insurance Market, By Country
- U.S.
- Canada
- Europe
- Europe Dental Insurance Market, By Insurance Type
- Europe Dental Insurance Market, By Modes of Distribution
- Europe Dental Insurance Market, By End User
- Europe Dental Insurance Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Dental Insurance Market, By Insurance Type
- Asia Pacific Dental Insurance Market, By Modes of Distribution
- Asia Pacific Dental Insurance Market, By End User
- Asia Pacific Dental Insurance Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- North America
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- Latin America
- Latin America Dental Insurance Market, By Insurance Type
- Latin America Dental Insurance Market, By Modes of Distribution
- Latin America Dental Insurance Market, By End User
- Latin America Dental Insurance Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Dental Insurance Market, By Insurance Type
- Middle East & Africa Dental Insurance Market, By Modes of Distribution
- Middle East & Africa Dental Insurance Market, By End User
- Middle East & Africa Dental Insurance Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
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Global Dental Insurance Market By Competitive Landscape & Key Players
The key players operating the global dental insurance market involves United Healthcare Services, Nippon Life Insurance Company, Aflac Incorporated, Colonial Life & Accident Insurance Company, Cigna Insurance Company, Inc., and Zurich Insurance Company, Aetna Managed Care Company, Delta Dental, American Heritage Life Insurance Co., and Enviva's Health Insurance. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.
Global Dental Insurance Market By Company Profile
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- United Healthcare Services.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Nippon Life Insurance Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Aflac Incorporated
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Colonial Life & Accident Insurance Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Cigna Insurance Company Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Zurich Insurance Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Aetna Managed Care Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Delta Dental
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- American Heritage Life Insurance Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Enviva's Health Insurance.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- United Healthcare Services.
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Global Dental Insurance Market By Highlights
FAQs
The global dental insurance market is segmented based on insurance type, modes of distribution, end user and, by region.
Dental insurance is the due to dental insurance the cost of dental treatment become cost effective due to the insurance policies which is the propelling factor for the growth of global dental insurance market.
North America market dominates the global market in terms of revenue over the forecast period.
The key players operating the global dental insurance market involves United Healthcare Services, Nippon Life Insurance Company, Aflac Incorporated, Colonial Life & Accident Insurance Company, Cigna Insurance Company, Inc., and Zurich Insurance Company, Aetna Managed Care Company, Delta Dental, American Heritage Life Insurance Co., and Enviva's Health Insurance.