Global Dental Insurance Market, By Coverage (DHMO, DPPO, Others), By Procedure (Preventive, Major, Basic), By Demographics (Senior Citizens, Minor, Adults), By End-Users (Individual, Enterprises), By Region, Estimation & Forecast, 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of 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. It places the market within the context of the wider Dental Insurance market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Dental Insurance market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
Download Free Sample Copy of ‘Dental Insurance market’ Report @
https://reportocean.com/industry-verticals/sample-request?report_id=ARS154
Market Introduction
The global dental insurance market held a market value of USD 169.8 Billion in 2020 and is forecasted to reach USD 306.4 Billion by the year 2027. The market is anticipated to register a CAGR of 8.8% during the projected period.
Dental insurances or dental plans are a type of health insurance, which is structured to pay a portion of the dental care costs. The market is expected to grow owing to the factors such as the continuous growth of the cosmetic industry and the rise in the prevalence of dental caries & periodontal diseases. Moreover, rising awareness regarding oral hygiene coupled with policy changes towards health insurance is also estimated to fuel the market growth.
Despite the driving factors, apathy towards dental care in emerging as well as underdeveloped economies are expected to hinder the market growth. Furthermore, a high cost associated with dental insurance premiums is also estimated to restrict the market growth.
Growth Influencers:
A rise in the prevalence of dental caries and periodontal diseases
With the growing prevalence of dental caries and various periodontal diseases, the demand for dental insurance is also increasing. According to an article by World Health Organization, as of March 2020, about 3.5 billion people are suffering from oral diseases, and approximately 530 million children suffered from dental caries of the primary teeth. According to the National Center for Biotechnology Information, as of May 2020, the prevalence of periodontal diseases ranges between 20% to 50%. Hence, the prevalence of dental caries and periodontal diseases is increasing, which is also expected to increase the adoption of dental insurance.
Rise in awareness towards oral hygiene
Awareness regarding oral hygiene is one of the most vital aspects of human health. This has massively increased the demand for dental hygiene. Hence, this has increased the adoption of oral hygiene services, which is also expected to boost the demand for dental insurance. This is because dental insurance covers tooth removal, treatment of infected nerves, drainage of minor oral infections, and dental surgical procedures. All these factors are increasing the adoption of dental insurance, hence fueling the market growth.
Segments Overview:
The global dental insurance market is segmented based on coverage, procedure, demographics, and end-users.
By Coverage,
• Dental Health Maintenance Organizations (DHMO)
• Dental Preferred Provider Organizations(DPPO)
• Dental Indemnity Plans
• Others
The dental preferred provider organizations (DPPO) is expected to hold the largest market share of around 49% as it provides the option to consult any licensed specialist or dentist. The dental indemnity plans segment is expected to grow at a CAGR of 7.8% owing to its cost-effectiveness and ease of use.
By Procedure,
• Preventive
• Major
• Basic
The basic procedure segment is expected to witness the fastest CAGR owing to its high adoption, while the preventive segment is anticipated to surpass a market value of USD 92 billion by 2023.
By Demographics,
• Senior Citizens
• Minor
• Adults
The minor segment is anticipated to witness the fastest growth rate owing to the rising prevalence of dental issues in minors. The adults’ segment is expected to account for a market share of 53% in 2023 owing to the rapidly rising awareness regarding dental insurance amongst adults.
By End-Users,
• Individual
• Enterprises
o Small Enterprises
o Medium Enterprises
o Large Enterprises
The enterprises’ segment accounted for the largest market share owing to the growing adoption of dental insurance by companies to provide to their employees. Within the enterprises’ segment, the medium enterprises’ segment witnessed a growth rate of more than 9% during the forecast period.
Regional Overview
Based on region, the global dental insurance market is divided into Europe, Asia Pacific (excluding Japan), Middle East & Africa, Japan, North America, and South America.
The North American region held the largest market share of around 40% owing to the growing adoption of dental insurance in the region. According to the Centers for Disease Control and Prevention, as of May 2019, around 50.2% of the adults in the United States, had dental care coverage with their private health insurance.
The Europe region is expected to account for the second-largest market share owing to increasing awareness regarding dental insurance and its high adoption. The Asia Pacific and Japan regions are also estimated to witness significant growths.
Competitive Landscape
Major players operating in the global dental insurance market include AFLAC Inc., Aetna Inc., Allianz, Ameritas, AXA, Cigna, Delta Dental, HDFC ERGO Health Insurance Ltd. (Apollo Munich), MetLife Services and Solutions, LLC, United HealthCare Services, Inc, OneExchange, Envivas, United Concordia, and other prominent players.
The major 10 players in the market are expected to account for an approximate market share of 45%. These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in August 2021, AXA sold its insurance operations in Singapore to HSBC for USD 0.6 billion. This transaction enabled AXA to focus on its core markets, especially in Asia.
The global dental insurance market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Dental insurance market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Dental insurance market report answers questions such as:
• What is the market size and forecast of the Global Dental insurance Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Dental insurance Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Dental insurance Market?
• What is the competitive strategic window for opportunities in the Global Dental insurance Market?
• What are the technology trends and regulatory frameworks in the Global Dental insurance Market?
• What is the market share of the leading players in the Global Dental insurance Market?
• What modes and strategic moves are considered favorable for entering the Global Dental insurance Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
For more information or any query mail at sales@reportocean.com
Geographical Breakdown: 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 impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
(Check Our Exclusive Offer: 30% to 40% Discount)
https://reportocean.com/industry-verticals/sample-request?report_id=ARS154
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
Inquire more and share questions if any before the purchase on this report at
https://reportocean.com/industry-verticals/sample-request?report_id=ARS154
Key Points Covered in Dental Insurance Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Dental Insurance market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Dental Insurance Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
Browse Premium Research Report with Tables and Figures at @ https://reportocean.com/industry-verticals/sample-request?report_id=ARS154
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/