United States Dental Insurance Market – Growth, Trends, COVID-19 Impact and Forecast (2022-2027)

United States Dental Insurance Market is segmented by Coverage (Dental health maintenance organizations (DHMO), Dental preferred provider organizations (DPPO), Dental Indemnity plans (DIP), Dental exclusive provider organizations (DEPO), and Dental point of service (DPS)), by Procedure (Preventive, major, and basic), by End-users (Individuals and corporates), by Industries (Chemicals, Refineries, Metal and mining, food and beverages, and others), and by demographics (senior citizens, adults, and minors).

Market Snapshot

United States dental insurance market
Study Period: 2018-2027
Base Year: 2021
CAGR: >6 %

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Market Overview

Dental Insurance in the United States crossed USD 80 billion in 2021 and growing at a significant rate. 30% of Unites states adults do not have dental insurance. Out of these, nearly 6 million reported that they lost their dental insurance due to COVID-19 benefit changes or job losses, and employer-sponsored coverage declined by 0.2% points each week during the COVID-19 pandemic.

Pandemic slowed down dental care use. In March and April 2020, all states had a drop in dental care utilization when compared to the same months in 2019. However, dental care use among privately insured patients fully rebounded by August 2020, and its use remained lower than the pre-pandemic level by 7.54% among the publicly insured population.

Implementation of technologies helps customers with value-added services and offers dental insurance providers numerous opportunities. It can help insurers to boost the smooth claim process and avoid manual claim settlement processes, prevent insurance fraud, and derive over-diagnosis and diagnostic errors.

Scope of the Report

Dental insurance is coverage protection for dental treatments. The United States Dental Insurance Market is segmented by Coverage (Dental health maintenance organizations (DHMO), Dental preferred provider organizations (DPPO), Dental Indemnity plans (DIP), Dental exclusive provider organizations (DEPO), and Dental point of service (DPS)), by Procedure (Preventive, major, and basic), by End-users (Individuals and corporates), by Industries (Chemicals, Refineries, Metal and mining, food and beverages, and others), and by demographics (senior citizens, adults, and minors).

By Coverage
Dental health maintenance organizations
Dental preferred provider organizations
Dental indemnity plans
Dental exclusive provider organizations
Dental Point of service
By Procedure
Preventive
Major
Basic
By Industries
Chemicals
Refineries
Metal and mining
Food and beverages
Others
By Demographics
Senior citizens
adults
minors

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Key Market Trends

Government Initiatives Boosting Dental Insurance Market in the United States

Biden announced a Build back better plan, which provides dental coverage for those on Medicare, nearly half of whom did not visit a dentist in 2018, well before the pandemic paused dental appointments for many people. The rates were even higher for Black (68%), Hispanic (61%), and low-income (73%) seniors. Many states have added dental benefits to their Medicaid coverage for low-income residents in recent years. Idaho started coverage in 2018, and Delaware began in late 2020.

United States dental insurance market share

Rising Dental Surgeries Cost in United States Driving the Market

Dental cost in the United States is very expensive, and prices are surging every year. 60% of Americans said they had not visited a dentist within the last 12 months due to high cost. The average uninsured price of X-rays is USD 187, and filling for just one surface is USD 250, while a root canal for a front tooth can cost around USD 1100. So having dental insurance can cover USD 1000 to 1500 for a patient.

According to a study conducted by the National Association of Dental Plans, 68% of people who don't have dental insurance visited dental care, whereas 88% of people having dental insurance used their dental benefits. So dental insurance is a worthy investment, and the number of people taking insurance may rise in the future.

United States dental insurance industry

Competitive Landscape

The report covers major players operating in the United States dental insurance market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and service innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. It has major players, including Aetna, AFLAC, Allianz, Delta Dental Plans Association, and United Healthcare Services.

Recent Developments

  • On February 9, 2022, UnitedHealthcare collaborated with Quip, a software company, and launched digital resources, which include enhanced virtual dental care benefits.
  • On May 4, 2022, MetLife approved a new USD 3 billion authorization for the company to repurchase its common stock.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Insights on Various Regulatory Landscape

    5. 4.5 Insights on impact of technology and innovation in the market

    6. 4.6 Industry Attractiveness - Porters' Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitutes

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Coverage

      1. 5.1.1 Dental health maintenance organizations

      2. 5.1.2 Dental preferred provider organizations

      3. 5.1.3 Dental indemnity plans

      4. 5.1.4 Dental exclusive provider organizations

      5. 5.1.5 Dental Point of service

    2. 5.2 By Procedure

      1. 5.2.1 Preventive

      2. 5.2.2 Major

      3. 5.2.3 Basic

    3. 5.3 By Industries

      1. 5.3.1 Chemicals

      2. 5.3.2 Refineries

      3. 5.3.3 Metal and mining

      4. 5.3.4 Food and beverages

      5. 5.3.5 Others

    4. 5.4 By Demographics

      1. 5.4.1 Senior citizens

      2. 5.4.2 adults

      3. 5.4.3 minors

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concetration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Aetna

      2. 6.2.2 AFLAC Inc.

      3. 6.2.3 Ameritas

      4. 6.2.4 Cigna

      5. 6.2.5 Delta Dental Plans Association

      6. 6.2.6 United Healthcare Service

      7. 6.2.7 Metlife Services & Solutions

      8. 6.2.8 Allianz

      9. 6.2.9 AXA

      10. 6.2.10 United concordia

      11. 6.2.11 Humana

      12. 6.2.12 Renaissance Dental*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNTIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Frequently Asked Questions

The United States Dental Insurance Market market is studied from 2018 - 2027.

The United States Dental Insurance Market is growing at a CAGR of >6% over the next 5 years.

Aetna, AFLAC inc, Ameritas, Cigna, Delta dental plans association, United healthcare service are the major companies operating in United States Dental Insurance Market.

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