Market Size of United States Dental Insurance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Dental Insurance Market Analysis
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.
