Dental Insurance Market

Dental Insurance Market Size Survey Report – In a Glance

As per the survey report on global Dental insurance market, the market is projected to foresee a CAGR of 9.2% between 2024-2033, and further generate a market size of USD 502.8 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 232.7 billion revenue.

• The global Dental insurance market is projected to grow on account of the increasing awareness of oral well-being.
• In Japan, the Dental insurance market growth can be attributed to the growing aging population.
• KDMI analyst’s growth analysis foresees costly insurance fees to challenge the market growth.
• North America, having the highest market share in the Dental insurance market, is projected to dominate the global market.

Dental Insurance Market Analysis

Dental insurance is a form of medical insurance that is designed to cover dental expenses, including routine check-ups, dental imaging, and other major procedures such as dentures or bridges. In recent times, increasing awareness of oral well-being is propelling the dental insurance sector as insurance makes care more accessible. According to 2022 estimates, roughly 3.5 billion people were dealing with oral diseases globally. Therefore, the push for preventive treatment motivates people to seek regular dental check-ups, fostering market growth and advancing insurance options. Cigna, Delta Dental Plans Association, MetLife Inc., are some of the significant parties in the global market for Dental insurance.

Analyst’s Observation on Japan Dental Insurance Market Survey

Growing emerging markets with an increasing geriatric population create a major business potential for the dental insurance industry. In Japan, the market growth for dental insurance can be linked to the growing aging population as a growing number of older individuals require specialized dental care. As per a study, periodontal disease became more common with age in the country, and the occurrence was more than 50% at age 50. Additionally, dental insurers can design customized dental plan that aligns with the needs of aging adults, eventually helping the market to grow. Tokuyama Dental, Sankyu Insurance Service Corporation, GC Corp., are some of the significant parties in the market for Dental insurance in Japan .

Dental Insurance Market Growth Drivers and Challenges

Growth Drivers

Surging cases of dental diseases:

General people, governments, and healthcare providers often sideline oral hygiene. But a recent report by the World Health Organization indicates that the number of oral disease cases globally surged by 1 billion in the last three decades. Besides, poor dental hygiene not only affect physical health but also mental wellbeing, with findings showing that dental decay may lead to distress and discomfort. As dental diseases become more prevalent, demand for both preventive care and advanced dental care is on the rise. As a result, more people are seeking regular dental check-ups, professional cleanings, and specialized oral care. This heightened trend plays a key role in strengthening the insurance market and pushing dental insurers to introduce improved policy options or plans. Hence, dental insurance mitigates the financial burden by covering the costs and ensuring affordable dental healthcare.

Expanding research and development:

Several companies are funding extensively in research and development to produce more improved dental technologies or dental care solutions that enhance patient outcomes and decrease dental expenditures. The worldwide investment in R&D has soared to an all-time peak of almost US$ 1.7 trillion. The surge in research and development in the dental field presents a lucrative market opportunity, leading to breakthrough dental care technologies and innovative insurance solutions. For example, technological progress in digital dentistry such as AI-powered dental diagnostics and 3D imaging is revolutionizing dental treatments. By adopting these cutting-edge technologies, insurance providers can develop broader policies that encourage more enrollments. Therefore, this expanding research and development leads to the evolution of dental insurance solutions covering the latest treatments, propelling the market.

Restraints

Costly insurance fees:

The steep price of insurance premiums is a major hurdle, affecting both policyholders and insurers. Dental policies are often expensive in comparison to general health plans, making them less accessible to many people. This financial strain hinders widespread adoption, leading to lower market penetration and restricting access to essential oral healthcare.

Challenges in claim approvals and reimbursements:

Challenges in handling claims and reimbursement remain a key concern in dental insurance leading to dissatisfaction among both patients and providers. The process of claim submission and approval is often slow and cumbersome. Additionally, insurers tend to reimburse at lower rates than actual service costs, increasing out-of-pocket costs and discouraging acceptance, ultimately restricting access to dental services.

Dental Insurance Market Segmentation

Our experts at KD Market Insights have segmented the global Dental insurance market research report as:

Dental Insurance Market Regional Synopsis

The key factor driving the dental insurance market in North America is the increasing number of patients suffering from oral health issues, the strong customer base for insurance providers, and the rising number of dental implant procedures in the region. Countries such as the US and Canada have surging numbers of dental patients, and well-established dental care facilities loaded with advanced technologies. Besides, over 1 in 7 older adults have experienced tooth loss. This encourages the extensive acceptance of dental insurance. Moreover, the growing population requiring the procedures and the success rates of implant surgeries are creating a high demand for dental implants. The region has also witnessed improvements in dental procedures driven by the increasing demand for dental cleanings and procedures. Therefore, the increasing effectiveness of treatments is leading to a rising demand for dental insurance across the region.

Asia-Pacific’s dental insurance market is projected to witness the most accelerated rate in the coming years. The increasing number of people prioritizing regular dental check-ups and preventive care, escalating adoption of insurance plans, and substantial investments in advanced healthcare infrastructure are driving the dental insurance industry forward. In the region, China and India are key hotspots for dental policy businesses, while South Korea and Japan are benefitting from their strong tech-driven healthcare landscape. Moreover, in China, the presence of pioneering dental technology producers, growing public awareness, and continuous improvements in surgical techniques are further fueling the demand for customized dental disorders. Meanwhile, in India, favorable dental coverage plans are predicted to aid market expansion.

Europe is likely to experience growth in the global dental insurance industry during the forecast period. This rapid growth is due to a combination of factors that pinpoints the region's fluctuating healthcare landscape. Countries like France, Italy, Germany and the United Kingdom have developed dental industry and are home to various key players in the market. The European government is supporting diagnostic health awareness and offering subsidies for several treatments, further propelling the market growth. Furthermore, the older demographics in Europe are increasing the demand for dental insurance to address various dental disorders. In addition to that, the escalating wealth in European countries is also resulting in heightened expenditure on healthcare, including dental policies.

As per our analysts at KD Market Insights, the following five players lead the North America Dental insurance market growth:

• Ameritas Mutual Holding Company (U.S.)
• Delta Dental Plans Association (U.S.)
• Cigna Healthcare (U.S.)
• MetLife Services and Solutions, LLC (U.S.)
• United HealthCare Services, Inc (U.S.)

Dental Insurance Market Competitive Landscape

Some of the key players who top the global Dental insurance market share:

• Aetna Inc (U.S.)
• Allianz (Germany)
• AFLAC INCORPORATED (U.S.)
• AXA (France)
• Ameritas Mutual Holding Company (U.S.)
• Delta Dental Plans Association (U.S.)
• Cigna Healthcare (U.S.)
• MetLife Services and Solutions, LLC (U.S.)
• HDFC ERGO General Insurance Company Limited (India)
• Humana (U.S.)
• United HealthCare Services, Inc (U.S.)

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Dental Insurance Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Coverage
      2. By Procedure type
      3. By Demographics
      4. By End-user
      5. By Region
5. Market Segmentation by Coverage
   1. 1. Dental Preferred Provider Organizations (DPPO)
      2. Dental Health Maintenance Organizations (DHMO)
      3. Dental Indemnity Plans
      4. Others
6. Market Segmentation by Procedure type
   1. 1. Major
      2. Basic
      3. Preventive
      4. Others
7. Market Segmentation by Demographics
   1. 1. Senior Citizens
      2. Adults
      3. Minors
      4. Others
8. Market Segmentation by End-users
   1. 1. Individuals
      2. Corporates
      3. Others
9. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
         4.  
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
         4. South Korea
         5. Market Size and Forecast
         6. Key Trends and Developments
         7. Market Analysis by Coverage, Procedure type, Demographics and End-users
      5. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Coverage, Procedure type, Demographics and End-users
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. Aetna Inc (U.S.)
       2. Allianz (Germany)
       3. AFLAC INCORPORATED (U.S.)
       4. AXA (France)
       5. Ameritas Mutual Holding Company (U.S.)
       6. Delta Dental Plans Association (U.S.)
       7. Cigna Healthcare (U.S.)
       8. MetLife Services and Solutions, LLC (U.S.)
       9. Others
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References