CHICAGO , UNITED STATES, May 1, 2024 /EINPresswire.com/ — The global ๐๐๐ง๐ญ๐๐ฅ ๐ข๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐ ๐ฆ๐๐ซ๐ค๐๐ญ showcased remarkable growth in 2022, reporting a revenue of ๐๐$ ๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง. Market analysts project a significant surge in valuation, estimating it to reach ๐๐$ ๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐. This forecasted growth reflects a compound annual growth rate (๐๐๐๐) ๐จ๐ ๐.๐% during the period from ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.
Dental insurance plays a pivotal role in ensuring access to oral healthcare services, covering a wide array of dental procedures and treatments. With increasing awareness regarding oral health and the rising prevalence of dental ailments worldwide, the demand for dental insurance is witnessing a steady ascent. Factors such as the growing geriatric population, advancements in dental technologies, and the rising adoption of preventive dental care practices are also contributing to market expansion.
The forecasted period, spanning from 2023 to 2031, is expected to witness substantial investments in dental insurance policies, driven by escalating healthcare expenditure and the expansion of dental coverage options. Additionally, the integration of digital technologies in dental insurance processes, such as tele-dentistry and online claims processing, is anticipated to streamline operations and enhance customer experience.