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Dental Insurance in the US - Industry Market Research Report

Dental Insurance in the US - Industry Market Research Report

  • January 2019
  • 33 pages
  • ID: 5103498
  • Format: PDF
  • By Ibisworld

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Open wide: Rising employment and healthcare enrollment are expected to boost industry revenue

Abstract

Dental Insurance
Over the five years to 2018, a consistent increase in healthcare expenditure boosted Denal Insurance industry premiums and drove revenue growth. Additionally, greater awareness regarding the benefits of preventative oral care and oral health in general increased demand for dental insurance. Individuals opting for coverage through employer-sponsored plans and private health insurance plans also increased with rising incomes. While the industry will benefit from an improving economic environment and favorable demographic trends over the five years to 2023, the enactment of healthcare reform provisions is expected to be the primary driver of growth. The Patient Protection and Affordable Care Act (PPACA) mandates increased dental care coverage; this legislation primarily explains industry revenue growth. However, many industry associations, particularly the American Dental Association, have argued that the legislation missed an opportunity to address further issues.

This industry underwrites dental insurance policies. Dental insurance helps cover the costs of dental care, ranging from basic preventative coverage to major dental work, depending on the type and scope of the insurance plan. Reinsurance of dental policies is not included in this industry; however, revenue from all dental insurance providers including private health insurance, Medicare and Medicaid is included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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