About Dental Insurance Services
A dental insurance policy is intended to pay a portion of the prices related to the treatment of dental conditions and preventive attention. It helps in paying for sudden dental emergencies which will be expensive to fix. Additionally, preferred provider Organizations (PPO), Indemnity Plans, Dental Health Maintenance Organizations (DHMO), Direct reimbursement, and Exclusive supplier Organizations (EPO) are many varieties of dental insurance coverages presently offered to people, families, and groups. A rise in support from many governments globally, protection of dental insurers against fluctuations in revenues; costs, and yields; and a rise in awareness toward oral hygiene boost the dental insurance market growth. However, the rise in advancements & developments of medicines for dental treatments and also the rise within the convergence of dental insurance coverages in insurance plans hamper the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The dental insurance market has an immense opportunity to expand the existing product line of dental coverages in the market. In addition, insurers provide value-added services to their customers and expand product & service offerings by implementing technologies for insurance coverages. In addition, implementation of technologies can help enhance smooth claim process & avoid manual claim settlement processes, prevent insurance fraud, and derive over-diagnosis & diagnostic errors. Therefore, expansion of existing products & services and implementation of technologies are expected to provide lucrative opportunities for dental insurance providers in the upcoming years. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Dental Insurance Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aetna Inc. (United States), AFLAC INCORPORATED (United States), Allianz (Germany), Ameritas (United States), AXA (France), Cigna (United States), Delta Dental (United States), HDFC ERGO Health Insurance Ltd. (Apollo Munich) (India), MetLife Services and Solutions, LLC (United States) and United HealthCare Services, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dental Insurance Services market by Type (Dental Preferred Provider Organizations (DPPO), Dental Health Maintenance Organizations (DHMO), Dental Indemnity Plans and Others), Application (Individuals, Families and Groups) and Region.
On the basis of geography, the market of Dental Insurance Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Age Group, the sub-segment i.e. Senior Citizens (60 yrs & above) will boost the Dental Insurance Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption By The Youngsters
Market Growth Drivers:
Rise In Awareness Toward Oral Hygiene and Owing To Increase in Dental Treatments
Challenges:
Lack Of Awareness
Restraints:
Poor Reimbursement Facilities
Opportunities:
Rise In Government Support & Initiatives and Implementation Of Technologies in Existing Products Offerings
Market Leaders and their expansionary development strategies
In October 2023, MetLife, has started partnered with Aspen Dental, a leading provider of dental care services, to offer its members access to discounted dental services. This partnership provides MetLife members with convenient and affordable options for dental care.
In November 2023, Several dental insurance providers, including Delta Dental, Cigna Dental, and MetLife Dental, announced plans to expand their coverage for teledentistry services in 2024. This reflects the growing acceptance and adoption of teledentistry as a legitimate and valuable method of dental care delivery.
Key Target Audience
Providers of Dental Insurance Services, Governmental and Regulatory bodies and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.