Dental Insurance Market Growing Popularity and Emerging Trends in the Market

Market Introduction

The global dental insurance market held a market value of USD 169.8 Billion in 2020 and is forecasted to reach USD 306.4 Billion by the year 2027. The market is anticipated to register a CAGR of 8.8% during the projected period.

Dental insurances or dental plans are a type of health insurance, which is structured to pay a portion of the dental care costs. The market is expected to grow owing to the factors such as the continuous growth of the cosmetic industry and the rise in the prevalence of dental caries & periodontal diseases. Moreover, rising awareness regarding oral hygiene coupled with policy changes towards health insurance is also estimated to fuel the market growth.

Despite the driving factors, apathy towards dental care in emerging as well as underdeveloped economies are expected to hinder the market growth. Furthermore, a high cost associated with dental insurance premiums is also estimated to restrict the market growth.

Source: Dental Insurance Market Growing Popularity and Emerging Trends in the Market / Digital Journal

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