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Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: DA7277D4D76EEN
IMARC Group

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The global dental insurance market size reached US$ 190.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 310.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

Dental insurance is a health care policy that provides reimbursement against dental care and treatment expenditures. It involves the payment of monthly premiums and provides partial or complete coverage against dental procedures. It commonly covers the cost of fillings, root canals, preventive care and oral surgeries, such as tooth extractions. Direct reimbursement and indemnity plans are some of the common types of dental insurance coverage offered by Dental health maintenance organizations (DHMO), exclusive provider organizations (EPO), preferred provider organizations (PPO). Dental insurance aids in providing access to premium healthcare services, minimizing overall costs, maintaining good oral health and covering critical illnesses and surgeries.

Dental Insurance Market Trends:
The increasing prevalence of various oral disorders, such as gingivitis, tooth decay, oral cancer and broken teeth, is one of the key factors driving the growth of the market. With the changing dietary patterns and increasing consumption of sugary compounds, there is a rising incidence of gum disease and cavities. This has led to the widespread adoption of dental insurance policies to cover treatment expenditures and obtain premium-quality care. Moreover, various product innovations, such as the development of customized insurance plans that cover regular check-ups of the patients and offer affordable, more accessible and higher quality care, are providing a thrust to the market growth. In line with this, the increasing utilization of artificial intelligence (AI) to enable hyper-accurate, liability-free diagnostics and develop comprehensive insurance policies are positively impacting the market growth. Other factors, including the increasing demand for regular dental check-ups and significant growth in the healthcare industry, along with the implementation of various government initiatives to formalize dentalcare services, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dental insurance market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, coverage, demographics and end user.

Breakup by Type:

Major
Basic
Preventive

Breakup by Coverage:

Dental Preferred Provider Organizations
Dental Health Maintenance Organizations
Dental Indemnity Plans
Others

Breakup by Demographics:

Senior Citizens
Adults
Minors

Breakup by End User:

Individuals
Corporates

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aetna Inc. (CVS Health Corporation), Aflac Inc., Allianz SE, Ameritas Life Insurance Corp., Axa S.A., Cigna, Delta Dental Plans Association, MetLife Inc., United Concordia (Highmark Inc.) and United HealthCare Services Inc.

Key Questions Answered in This Report

1. What was the size of the global dental insurance market in 2022?
2. What is the expected growth rate of the global dental insurance market during 2023-2028?
3. What are the key factors driving the global dental insurance market?
4. What has been the impact of COVID-19 on the global dental insurance market?
5. What is the breakup of the global dental insurance market based on the type?
6. What is the breakup of the global dental insurance market based on the coverage?
7. What are the key regions in the global dental insurance market?
8. Who are the key players/companies in the global dental insurance market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL DENTAL INSURANCE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Major
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Basic
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Preventive
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY COVERAGE

7.1 Dental Preferred Provider Organizations
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Dental Health Maintenance Organizations
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Dental Indemnity Plans
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY DEMOGRAPHICS

8.1 Senior Citizens
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Adults
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Minors
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Individuals
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Corporates
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Aetna Inc. (CVS Health Corporation)
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Aflac Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Allianz SE
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Ameritas Life Insurance Corp.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 SWOT Analysis
  15.3.5 Axa S.A.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Cigna
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Delta Dental Plans Association
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 MetLife Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 United Concordia (Highmark Inc.)
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 United HealthCare Services Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Dental Insurance Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Dental Insurance Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Dental Insurance Market Forecast: Breakup by Coverage (in Million US$), 2023-2028
Table 4: Global: Dental Insurance Market Forecast: Breakup by Demographics (in Million US$), 2023-2028
Table 5: Global: Dental Insurance Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Dental Insurance Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Dental Insurance Market: Competitive Structure
Table 8: Global: Dental Insurance Market: Key Players

LIST OF FIGURES

Figure 1: Global: Dental Insurance Market: Major Drivers and Challenges
Figure 2: Global: Dental Insurance Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Dental Insurance Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Dental Insurance Market: Breakup by Type (in %), 2022
Figure 5: Global: Dental Insurance Market: Breakup by Coverage (in %), 2022
Figure 6: Global: Dental Insurance Market: Breakup by Demographics (in %), 2022
Figure 7: Global: Dental Insurance Market: Breakup by End User (in %), 2022
Figure 8: Global: Dental Insurance Market: Breakup by Region (in %), 2022
Figure 9: Global: Dental Insurance (Major) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Dental Insurance (Major) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Dental Insurance (Basic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Dental Insurance (Basic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Dental Insurance (Preventive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Dental Insurance (Preventive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Dental Insurance (Dental Preferred Provider Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Dental Insurance (Dental Preferred Provider Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Dental Insurance (Dental Health Maintenance Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Dental Insurance (Dental Health Maintenance Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Dental Insurance (Dental Indemnity Plans) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Dental Insurance (Dental Indemnity Plans) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Dental Insurance (Other Coverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Dental Insurance (Other Coverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Dental Insurance (Senior Citizens) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Dental Insurance (Senior Citizens) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Dental Insurance (Adults) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Dental Insurance (Adults) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Dental Insurance (Minors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Dental Insurance (Minors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Dental Insurance (Individuals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Dental Insurance (Individuals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Dental Insurance (Corporates) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Dental Insurance (Corporates) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Dental Insurance Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Dental Insurance Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Dental Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Dental Insurance Industry: SWOT Analysis
Figure 83: Global: Dental Insurance Industry: Value Chain Analysis
Figure 84: Global: Dental Insurance Industry: Porter's Five Forces Analysis


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