Market Size of India Dental Insurance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 18.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Dental Insurance Market Analysis
The India Dental Insurance Market is expected to grow at a CAGR of 18% in the forecasted period.
Dental insurance is a form of health insurance that covers dental treatment costs. Dental fitness plays an important part in an individual way of living. As a developing nation, India does not have major dental hygiene awareness because it was a nation where the majority of people lived at a per capita income of around USD 1048.57 last year, making it difficult for people to afford expensive dental care. The dental insurance market is expected to grow positively with advancements in medical equipment technology and a positive trend in increasing income levels. In 2020, cavity and decay problems had the largest share of Oral health problems (18%), which is having dentist consultancy/treatment as the final solution.
With the advent of COVID-19, as people were stuck at home and only emergency services were available, there was an adoption of digital health among the people, with 85% of the clinicians using teleconsultation and digital platforms during the lockdown. For India, dental insurance only covers dental treatment related to accidents, injuries, illnesses, or as a dental healthcare professional recommends.
Dental care is becoming expensive with time, and for people to access these dental services, the dental insurance market plays an important role. Dental insurance plans were not offered as standalone policies as it is now, and it is expected to attract more people for dental insurance rather than going for others.
