The United States dental insurance market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The form or type of insurance issued for dental or oral care procedures is called as dental insurance. This insurance coverage can be taken for children’s and adults. In addition, dental insurance offers various other benefits such as free limited check-ups, cost-effective dentist visit, and many more.
Growing prevalence of oral diseases is a major factor driving the growth of the United States dental insurance market. Also, rising health issues associated with teeth of children’s in the U.S. is another major factor supporting market growth. Unhealthy lifestyle, increased intake of oily and junk food, and unhealthy oral habits are major factors leading to increased prevalence of dental caries, periodontal disease, and tooth loss among individuals in the country.
Additionally, people affected with such oral problems do not visit dentist majorly due to high treatment cost and while some have fear of the dentists. For instance, according to CDC, untreated dental caries among people of age group 20-44 increased from 25.1% in 2005-2008 to 31.6% in 2013-2016; and among age group of 45-64 increased from 21.6% in 2005 to 2008 to 27.5% in 21013 – 2016.
Moreover, statistically average cost of dental cleaning is $140, for root canal is $300. However, an average dental insurance would cost around $160 to $366 for an employer. Thus growing awareness among individuals about benefits of dental insurance coupled with growing prevalence of oral diseases and cost associated with it are key factors driving growth of the US dental insurance market.
Rising trend of fee-for-service wherein major dental insurance provider collaborate with dentists/dental clinics to provide dental treatment to insured customers at lower cost as compared to non-insured individuals and dentist out of insurance plan’s network. This in turn expected to propel target market growth over the forecast period.
Scope of the Report:
Report Feature Details
Base Year: 2018
Projection Period: 2019-2029
Market Details: Total revenue and forecast, CAGR, Market value, share, and Y-o-Y growth by segment
Segment Covered: Type, Distribution Channel, and End User
Country Covered: United States
Report Coverage: Market growth driving factors, challenges & pitfalls, opportunities, trends, key players analysis, and country analysis
United States Dental Insurance Market, By Type:
? Basic/ Minor
United States Dental Insurance Market, By Distribution Channel:
? Insurance Agents
? Online Channel
United States Dental Insurance Market, By End User:
Key Players Covered:
Key players operating in the target market includes, United HealthCare Services, Inc., Delta Dental Insurance Company, Humana Inc., Cigna Corporation, Ameritas Life Insurance Corp., Aetna Inc., Renaissance Health Services Corp Group, AXA S.A., Nippon Life Insurance Company of America, and MetLife Inc.
Key features of the study:
Foresight Market Research provides detailed analysis on target market in our report- United States Dental Insurance Market by type, distribution channel, and end user. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the United States dental insurance market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.
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