In the year 2017, North American Dental Insurance Market Size showed crucial growth in the recent years, and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025. Dental insurance is an untapped market for healthcare insurance companies in North America, as it has immense scope to grow critically in the upcoming years. Dental insurance mainly covers maintenance of overall dental health on a regular basis, along with treatment related to dental issues.

North American Dental Insurance Market Growth Opportunities By 2017-2025

Market Dynamics

North American dental insurance market is expected to expand at a rapid pace during the forecast period, owing to rising healthcare expenditure of North American population, coupled with rise in awareness towards benefit of having a dental insurance among people. High coverage costs offered by insurance vendors, is another reason for the growth of North American dental insurance market. Furthermore, rising adoptation of healthcare insurance, which also contains dental insurance, by employers is boosting the growth of the market. However, low interest of people in dental insurance across some small cities of North America such as Norman, Masaya, Denton, and others can restrain the growth of North American dental insurance market.

Segment Analysis 

Among policy type, preferred provider organization plan segment is projected to be the fastest growing segment, owing to flexibility offered by this plan to its insurers to choose their dental specialists and dentists. Higher coverage against dental diagnostic as well as preventive services provided by preferred provider organization plan is expected to contribute greatly in the growth of the segment during the forecast period. Preferred provider organization (PPO) is provided by a number of major players performing in dental insurance market of North America such as CIGNA Dental, MetLife, and others which is positively impacting the growth of the segment in North American dental insurance market, due to these companies’ huge customer base.

Online insurance provider segment is anticipated to show significant growth over the forecast period, due to rising preference of customers towards purchasing dental insurance schemes online, which is less time consuming and more convenient. The rise in adaptation of blockchain technology by insurance companies is enabling them to fully automate their insurance system, and improve their customer service experience, which in turn is expected to fuel the online insurance provider segment’s market during the forecast period.

Regional Analysis

US, followed by Canada is anticipated to hold the major revenue share in the North American dental insurance market, owing to presence of major economically developed cities in the US. Presence of more number of cities in US, coupled with rising healthcare insurance sector across the US is expected to contribute in the growth of US in North American dental insurance market. Presence of huge base of global market players in the US is another reason for the growth of the country.

Dental Insurance Study Objective

1. To forecast the market size of dental insurance market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of dental insurance market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of dental insurance market, such as drivers, restraints, challenges and opportunities.

4. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

5. To provide detailed analysis of competitive and strategic developments in the market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

6. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for regional market players.

7. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of dental insurance market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of dental insurance market commercially.

Key Players

Major players performing in North American dental insurance market are CIGNA Dental, Delta Dental, Humana, Colonial Life, MetLife Inc., Aflac, Aetna, AXA, OneExchange & Cigna, and Ameritas. To remain competitive in the market, significant market players are adopting unique advertising techniques of dental insurance schemes and launching new schemes in the North American dental insurance market.

Dental Insurance Market Report Offer You!

The market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

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