The Dental Insurance Global Market Report 2023, provides comprehensive information on the dental insurance market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/dental-insurance-global-market-report
The global dental insurance market size is expected to grow from $168.90 billion in 2022 to $183.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dental insurance market size is expected to reach $246.29 billion in 2027 at a CAGR of 7.7%.
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Product innovation has emerged as the major trend gaining popularity in the dental insurance market. Major companies operating in the dental insurance market are focused on innovative solutions to sustain their position in the market. 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. Stealth mode with a product claimed to be a unique feature in the dental market that allows real-time connectivity between payers, providers, and patients to enable instant payments based on quality measures. It guides providers and payers through a complicated system of historically dissimilar procedures and provides patients with clarity on their insurance coverage, the proposed treatments from providers, and how much of those therapies are reimbursed, as well as their financial obligations.
The dental insurance market is segmented:
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
North America was the largest region in the dental insurance market in 2022.
The table of contents in TBRC’s dental insurance market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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