Global Dental Insurance Market Size study & Forecast, by Coverage (Dental Preferred Provider Organizations (DPPO), Dental Health Maintenance Organizations (DHMO), Dental Indemnity Plans, and Others), by Procedure Type (Major, Basic, and Preventive), by De

Global Dental Insurance Market Size study & Forecast, by Coverage (Dental Preferred Provider Organizations (DPPO), Dental Health Maintenance Organizations (DHMO), Dental Indemnity Plans, and Others), by Procedure Type (Major, Basic, and Preventive), by Demographics (Senior Citizens, Adults, and Minors), by End-User (Individuals and Corporates) and Regional Analysis, 2022-2029

Global Dental Insurance Market is valued at approximately USD 186.59 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.7% over the forecast period 2022-2029. Dental Insurance is a specialized health insurance product intended to cover a portion of costs associated with the treatment of dental conditions and preventive dental care. Dental insurance covers cost of routine dental care as well as any unforeseen accidental damage. Most health insurance providers do not offer cover for dental procedures since dental procedures come under the cosmetic treatment category. The increasing incidence of dental diseases and rising awareness of oral hygiene as well as the high cost associated with dental care are key factors accelerating the market growth.

According to the World Health Organization (WHO) estimates - as of 2022, globally oral diseases affect nearly 3.5 billion people. In addition, around 2 billion people are affected by caries of permanent teeth and 520 million children are affected by caries of primary teeth. Moreover, increasing cost of dental procedures is another factor driving the market growth. For instance, as per the American Dental Association (ADA) – in June 2022, the cost of Dental services in the United States increased by 1.9% due to high inflation in the Country. Also, rising favorable initiatives from government authorities and growing technological advancements in insurance product offerings would create lucrative opportunities for the market over the forecast period. However, lack of penetration in emerging countries and the increasing development of medicines for dental treatments impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Dental Insurance Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to the increasing cost of dental procedures as well as presence of leading market players in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing penetration of dental cosmetics surgeries as well as rising penetration of leading market players in the region.

¬¬Major market players included in this report are:
Aetna Inc.
AFLAC INCORPORATED
Allianz
Ameritas
AXA
Cigna
Delta Dental
HDFC ERGO Health Insurance Ltd. (Apollo Munich)
MetLife Services and Solutions, LLC
United HealthCare Services, Inc.

Recent Developments in the Market:
In December 2021, ICICI Lombard General Insurance Company announced collaboration with Clove Dental to offer dental insurance. This new plan would be covered under OPD benefit and would be cashless basis.

In May 2022, PNB MetLife launched dental care insurance plan named ‘PNB Metlife Dental Care Plan’ in India. This new launch would strengthen market presence of the company in dental insurance offerings.
Global Dental Insurance Market Report Scope:
Historical DataCompanies Mentioned

Aetna Inc.
AFLAC INCORPORATED
Allianz
Ameritas
AXA
Cigna
Delta Dental
HDFC ERGO Health Insurance Ltd. (Apollo Munich)
MetLife Services and Solutions, LLC
United HealthCare Services, Inc.

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