The dental insurance market size has grown strongly in recent years. It will grow from $182.68 billion in 2023 to $198.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed in the historical period can be attributed to a growing awareness of oral health, the provision of employer-sponsored dental benefits, the escalating costs associated with dental care, government policies and regulations impacting the dental industry, and a noticeable shift in focus towards preventive dental care.
The dental insurance market size is expected to see strong growth in the next few years. It will grow to $275.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. Anticipated growth in the forecast period is expected due to the aging population and increased dental care needs, the expansion of dental networks, the emphasis on customization and flexibility in dental plans, integration with overall health coverage, and advancements in digitalization leading to enhanced customer experiences in dental services.
The prevalence of oral disorders is boosting the dental insurance market. With billions impacted by oral diseases, insurance coverage for dental care and increased check-ups is essential. WHO estimated 3.5 billion people affected by oral disorders globally in November 2022.
The growing aging population is expected to drive expansion within the dental insurance market. With the global population of individuals aged 60 and above projected to double by 2050 according to the World Health Organization in October 2022, the need for dental insurance among the elderly increases significantly. This demographic shift spurs the growth of the dental insurance sector.
Product innovation is a major trend. Retrace Labs Inc.'s partnership with Intel Corporation and SoftBank Group Corp in October 2021 resulted in an AI-based dental management network, showcasing innovative features such as real-time connectivity among payers, providers, and patients. For instance, in October 2021, Retrace Labs Inc., a US-based artificial intelligence-powered dental health startup partnered with Intel Corporation, a US-based technology company, and SoftBank Group Corp, a Japan-based integrated telecommunications services launched an AI-based dental management network to streamline the complexity of dental administration with scalable end-to-end services.
A guided dental plan finder is an online tool that helps consumers find the most suitable dental plans. DentalPlans.com introduced a guided dental plan finder in June 2023, providing personalized recommendations based on a brief questionnaire. This online tool simplifies the process of finding suitable dental plans, reducing costs and improving accessibility to oral healthcare.
In December 2022, CNP Assurances S.A, a France-based insurance corporation acquired Odonto Empresa for a deal value of $3.5 million (18 204 657 BRL). With the acquisition, CNP Assurances S.A. aims to accelerate its expansion in Brazil by using two distribution models: an exclusive long-term agreement with its long-standing Brazilian partner, Caixa Econômica Federal, and new growth drivers under an open model. Odonto Empresa is a Brazil-based dental insurance agency offering dental insurance plans and services.
Major companies operating in the dental insurance market report are United HealthCare Service LLC, Cigna Corp., Allianz SE, Axa S A, Kaiser Permanente Inc., Humana Inc., MetLife Services and Solutions LLC, Aetna Inc., Progressive Corporation, The Travelers Companies Inc., Anthem Insurance Companies Inc., 3M Company, GEICO Insurance Company, Aflac Inc., EmblemHealth Inc., Delta Dental Insurance Co., Ameritas Holding Company, Horizon Blue Cross Blue Shield of New Jersey, Dominion group of companies, Envivas Inc., First Commonwealth Bank, Healthplex Inc., Apollo Munich Health Insurance, Guardian Life Insurance Company of America, Renaissance Holding Company, DentaQuest Inc., United Concordia Insurance Co., OneExchange Corp., Farmers Group of Companies, WellCare Health Plans Inc.
North America was the largest region in the dental insurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global dental insurance market report during the forecast period. The regions covered in the dental insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dental insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Dental insurance typically comes in three primary types such as major, basic, and preventive. Major dental insurance services primarily involve expense reimbursement for complex or extensive treatments aimed at addressing issues that could have been prevented with earlier preventive care. Coverage options within these types of plans encompass dental preferred provider organizations (DPPOs), dental health maintenance organizations (DHMOs), dental indemnity plans, and various others. These insurance services cater to individuals of different age groups, including seniors, adults, and minors, as well as corporate groups, providing diverse coverage options for dental care.
The dental insurance market research report is one of a series of new reports that provides dental insurance market statistics, including the dental insurance industry global market size, regional shares, competitors with a dental insurance market share, detailed dental insurance market segments, market trends and opportunities, and any further data you may need to thrive in the dental insurance industry. This dental insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dental insurance market consists of revenues earned by entities by providing expense coverage services for outpatient department (OPD) dental treatment, in-patient dental treatment, surgeries, and consultations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The dental insurance market size is expected to see strong growth in the next few years. It will grow to $275.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. Anticipated growth in the forecast period is expected due to the aging population and increased dental care needs, the expansion of dental networks, the emphasis on customization and flexibility in dental plans, integration with overall health coverage, and advancements in digitalization leading to enhanced customer experiences in dental services.
The prevalence of oral disorders is boosting the dental insurance market. With billions impacted by oral diseases, insurance coverage for dental care and increased check-ups is essential. WHO estimated 3.5 billion people affected by oral disorders globally in November 2022.
The growing aging population is expected to drive expansion within the dental insurance market. With the global population of individuals aged 60 and above projected to double by 2050 according to the World Health Organization in October 2022, the need for dental insurance among the elderly increases significantly. This demographic shift spurs the growth of the dental insurance sector.
Product innovation is a major trend. Retrace Labs Inc.'s partnership with Intel Corporation and SoftBank Group Corp in October 2021 resulted in an AI-based dental management network, showcasing innovative features such as real-time connectivity among payers, providers, and patients. For instance, in October 2021, Retrace Labs Inc., a US-based artificial intelligence-powered dental health startup partnered with Intel Corporation, a US-based technology company, and SoftBank Group Corp, a Japan-based integrated telecommunications services launched an AI-based dental management network to streamline the complexity of dental administration with scalable end-to-end services.
A guided dental plan finder is an online tool that helps consumers find the most suitable dental plans. DentalPlans.com introduced a guided dental plan finder in June 2023, providing personalized recommendations based on a brief questionnaire. This online tool simplifies the process of finding suitable dental plans, reducing costs and improving accessibility to oral healthcare.
In December 2022, CNP Assurances S.A, a France-based insurance corporation acquired Odonto Empresa for a deal value of $3.5 million (18 204 657 BRL). With the acquisition, CNP Assurances S.A. aims to accelerate its expansion in Brazil by using two distribution models: an exclusive long-term agreement with its long-standing Brazilian partner, Caixa Econômica Federal, and new growth drivers under an open model. Odonto Empresa is a Brazil-based dental insurance agency offering dental insurance plans and services.
Major companies operating in the dental insurance market report are United HealthCare Service LLC, Cigna Corp., Allianz SE, Axa S A, Kaiser Permanente Inc., Humana Inc., MetLife Services and Solutions LLC, Aetna Inc., Progressive Corporation, The Travelers Companies Inc., Anthem Insurance Companies Inc., 3M Company, GEICO Insurance Company, Aflac Inc., EmblemHealth Inc., Delta Dental Insurance Co., Ameritas Holding Company, Horizon Blue Cross Blue Shield of New Jersey, Dominion group of companies, Envivas Inc., First Commonwealth Bank, Healthplex Inc., Apollo Munich Health Insurance, Guardian Life Insurance Company of America, Renaissance Holding Company, DentaQuest Inc., United Concordia Insurance Co., OneExchange Corp., Farmers Group of Companies, WellCare Health Plans Inc.
North America was the largest region in the dental insurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global dental insurance market report during the forecast period. The regions covered in the dental insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dental insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Dental insurance typically comes in three primary types such as major, basic, and preventive. Major dental insurance services primarily involve expense reimbursement for complex or extensive treatments aimed at addressing issues that could have been prevented with earlier preventive care. Coverage options within these types of plans encompass dental preferred provider organizations (DPPOs), dental health maintenance organizations (DHMOs), dental indemnity plans, and various others. These insurance services cater to individuals of different age groups, including seniors, adults, and minors, as well as corporate groups, providing diverse coverage options for dental care.
The dental insurance market research report is one of a series of new reports that provides dental insurance market statistics, including the dental insurance industry global market size, regional shares, competitors with a dental insurance market share, detailed dental insurance market segments, market trends and opportunities, and any further data you may need to thrive in the dental insurance industry. This dental insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dental insurance market consists of revenues earned by entities by providing expense coverage services for outpatient department (OPD) dental treatment, in-patient dental treatment, surgeries, and consultations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Dental Insurance Market Characteristics3. Dental Insurance Market Trends and Strategies32. Global Dental Insurance Market Competitive Benchmarking33. Global Dental Insurance Market Competitive Dashboard34. Key Mergers and Acquisitions in the Dental Insurance Market
4. Dental Insurance Market - Macro Economic Scenario
5. Global Dental Insurance Market Size and Growth
6. Dental Insurance Market Segmentation
7. Dental Insurance Market Regional and Country Analysis
8. Asia-Pacific Dental Insurance Market
9. China Dental Insurance Market
10. India Dental Insurance Market
11. Japan Dental Insurance Market
12. Australia Dental Insurance Market
13. Indonesia Dental Insurance Market
14. South Korea Dental Insurance Market
15. Western Europe Dental Insurance Market
16. UK Dental Insurance Market
17. Germany Dental Insurance Market
18. France Dental Insurance Market
19. Italy Dental Insurance Market
20. Spain Dental Insurance Market
21. Eastern Europe Dental Insurance Market
22. Russia Dental Insurance Market
23. North America Dental Insurance Market
24. USA Dental Insurance Market
25. Canada Dental Insurance Market
26. South America Dental Insurance Market
27. Brazil Dental Insurance Market
28. Middle East Dental Insurance Market
29. Africa Dental Insurance Market
30. Dental Insurance Market Competitive Landscape and Company Profiles
31. Dental Insurance Market Other Major and Innovative Companies
35. Dental Insurance Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Dental Insurance Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on dental insurance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for dental insurance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Major; Basic; Preventive
2) By Coverage: Dental Preferred Provider Organizations (DPPO); Dental Health Maintenance Organizations (DHMO); Dental Indemnity Plans; Other Coverages
3) By Demographics: Senior Citizens; Adults; Minors
4) By End-user: Individuals; Corporates
Key Companies Mentioned: United HealthCare Service LLC; Cigna Corp.; Allianz SE; Axa S A; Kaiser Permanente Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- United HealthCare Service LLC
- Cigna Corp.
- Allianz SE
- Axa S A
- Kaiser Permanente Inc.
- Humana Inc.
- MetLife Services and Solutions LLC
- Aetna Inc.
- Progressive Corporation
- The Travelers Companies Inc.
- Anthem Insurance Companies Inc.
- 3M Company
- GEICO Insurance Company
- Aflac Inc.
- EmblemHealth Inc.
- Delta Dental Insurance Co.
- Ameritas Holding Company
- Horizon Blue Cross Blue Shield of New Jersey
- Dominion group of companies
- Envivas Inc.
- First Commonwealth Bank
- Healthplex Inc.
- Apollo Munich Health Insurance
- Guardian Life Insurance Company of America
- Renaissance Holding Company
- DentaQuest Inc.
- United Concordia Insurance Co.
- OneExchange Corp.
- Farmers Group of Companies
- WellCare Health Plans Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 198.08 Billion |
Forecasted Market Value ( USD | $ 275.2 Billion |
Compound Annual Growth Rate | 8.6% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |