New York, June 3, 2022 (GLOBE NEWSWIRE)-Reportlinker.com reports “Dental Insurance Market Segments by End User; Product Type and Region – Global Analysis of Market Size, Shares and Trends from 2019 to 2020” Announced the release of. And forecasts for 2030-https://www.reportlinker.com/p06191822/?utm_source=GNW
Dental insurance is a type of medical insurance that covers only the health of human teeth and mouth. This insurance pays the patient’s dental expenses. Dental treatments are very expensive, dental problems are growing rapidly around the world, and there is growing awareness of dental insurance, which is accelerating the growth of the global dental insurance market.
Market highlights
Global Dental Insurance is expected to forecast a remarkable CAGR of 10.32% in 2030.
Global dental insurance will exceed US $ 454.71 billion from US $ 143.88 billion in 2020 to US $ 454.71 billion by 2030, with a CAGR of 10.36% over the next few years, 2021-30. The growing dental hygiene market is expanding due to increased awareness of oral hygiene, increased support from different countries around the world, and protection of dental insurance companies from changing revenues. Over the next few years, the use of technologies such as artificial intelligence, data analytics, and cloud computing is projected to provide valuable opportunities for market players.
Global Dental Insurance: Segment
Dental Priority Provider Organization (DPPO) segment growing at the highest CAGR between 2020-30
Global dental insurance is categorized by product type into dental compensation plans, dental health maintenance organizations (DHMO), dental priority provider organizations (DPPO), and others. In coverage, the Dental Preferred Provider Organization (DPPO), which operates over a wide network and offers greater diversity, will dominate the market in 2020. It occupies almost three-quarters of the global dental insurance market. However, in the expected time frame, the largest CAGR of XXXX% is in the dental compensation segment to cover the most competitive preventive and diagnostic services and specialized treatments such as endodontics and prosthodontics. Expected.
Individual segments growing at the highest CAGR between 2020-30
Global dental insurance is divided into businesses and individuals by end users. Dental purchases are very expensive and coverage ultimately depends on the age category, so individual end users are expected to have the highest level of XX% CAGR during the forecast period. Although the company segment accounted for the highest percentage of the global dental insurance industry in 2019, employers are legally required to offer specific worker benefits such as health insurance plans, worker compensation and disability. It accounts for more than two-thirds because it is obligatory.
Market dynamics
driver
Awareness of oral hygiene
Expected to dominate the global dental insurance market is increased knowledge of oral hygiene, increased support from governments around the world, and protection of dental insurance companies from financial shocks.
Technological progress
Over the next few years, the use of technologies such as artificial intelligence, data analytics, and cloud computing is projected to provide valuable opportunities for market players.
Restraint
High rate of return
Strong margins, growth in dental drug advancement and development, and facilitation of dental / health insurance convergence are hampering industry growth. As the economic situation changes, the world market also has great variability.
Global Dental Insurance Market: Leading Companies
Signa Dental
Company profile, business strategy, provision of major products, financial performance, major performance indicators, risk analysis, recent trends, presence in the region, SWOT analysis
Envivas
Ameritas
United Concordia
AXA
Humana
MetLife
Etna
Aflac
OneExchange
3M
UnitedHealth Group Inc.
Other prominent players
Global Dental Insurance: Regional
Global dental insurance is divided into five major regions based on regional analysis. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. By region, the North American dental market has the largest share, accounting for almost 50% of the 2019 market, as North American dental insurance is becoming more and more widely accepted in the United States. However, due to developing countries, heightened dental awareness, and the deployment of dental insurance technology services, a CAGR of 13.2%, the largest in the Asia Pacific region, is expected in a time frame. Dental insurance is expected to support the recent demand for dental insurance in the Asia Pacific region in emerging countries such as India and China. In addition to the existing basic health insurance, the Chinese government will promote the implementation of commercial dental insurance and the establishment of a diverse insurance system that meets the needs of small-scale dentistry and the specific requirements of critical dentistry. Is working on. This also drives advances in dental insurance in this area.
Global dental insurance is further categorized by region as follows:
North American Market Size, Shares, Trends, Opportunities, Compound Annual Growth Rate, CAGR – USA and Canada
Latin America Market Size, Shares, Trends, Opportunities, Compound Annual Growth Rate, CAGR – Mexico, Argentina, Brazil, and Other Latin America
European Market Size, Share, Trends, Opportunities, Year-on-Year Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxemburg, Netherlands, Poland, NORDIC, Russia, Turkey and Other Europe
Asia Pacific Market Size, Shares, Trends, Opportunities, Year-over-Year Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Other APACs
Middle East and Africa Market Size, Shares, Trends, Opportunities, Compound Annual Growth Rate, CAGR – North Africa, Israel, GCC, South Africa, and Other MENAs
The Global Dental Insurance Report also includes an analysis of:
Dental insurance segment:
By product type
Dental Health Maintenance Organization (DHMO)
Dental compensation plan
Dental Priority Provider Organization (DPPO)
others
By end user
Corporate
Individual
Dynamics of dental insurance
Dental insurance size
Supply and demand
Current trends / problems / issues
Market-related competition and companies
Market value chain
Market momentum and restraint
Read the entire report: https: //www.reportlinker.com/p06191822/? utm_source = GNW
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