$93.6bn
$X.Xbn
62,176
214
$X.Xbn
Dental insurance providers have faced declines over the past five years. The often complex and expensive nature of dental insurance has dissuaded individuals from purchasing dental insurance plans because of falling consumer sentiment spurred by the outbreak of COVID-19 and inflationary pressures. While dental insurance providers have faced headwinds over the current period, more people getting dental insurance through work and increased health expenditure offset some losses. Overall, industry revenue has been decreasing at a CAGR of 0.2% over the past five years to total $93.6 billion, including an estimated 0.8% drop in 2023 alone, when profit will drop to an estimated 8.0%.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $93.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Cvs Health Corporation | 19,973.0 | 3,543.8 | 17.7 | |
Metlife, Inc. | 11,025.1 | 812.9 | 7.4 | |
Delta Dental Insurance Co. | 9,786.8 | 316.1 | 3.2 |
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Dental Insurance in the US
Industry revenue is measured across several distinct product and services lines, including Indemnity plans, Preferred provider organization plans and Capitation plans. Indemnity plans is the largest segment of the Dental Insurance in the US.
Preferred Provider Organization (PPO) plans are the most flexible type of insurance plan
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.
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NAICS 52411 - Dental Insurance in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Dental insurance providers have increasingly used data analytics and tele-dentistry. These trends have helped improve access to care and meet the evolving needs of consumers.
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Dental insurance providers enjoy consistent growth from Medicare and Medicaid. Climbing federal funding for Medicare and Medicaid has greatly benefitted dental insurance prov...
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Dental insurance establishments are concentrated in urban areas with high population density, as these areas offer a larger pool of potential customers. This concentration is...
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Reform pushes big insurers to get bigger. The healthcare reforms enacted in 2010 have been driving mergers and acquisitions, as insurers benefit from economies of scale and g...
Learn about the performance of the top companies in the industry.
Major companies are adapting to the effects of COVID-19 subsiding. After nearly two years of the world in turmoil, things are settling back to normal.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Insurers are highly regulated and are subject to both state and federal regulatory agencies. The main source of regulation stems from the need to protect clients.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Investment in technology has helped dental insurance providers reduce operating costs. These new technologies sustained profit in recent years.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Dental Insurance in the US industry in United States is $93.6bn in 2024.
There are 214 businesses in the Dental Insurance in the US industry in United States, which has grown at a CAGR of 1.9 % between 2018 and 2023.
The market size of the Dental Insurance in the US industry in United States has been declining at a CAGR of 0.2 % between 2018 and 2023.
Over the next five years, the Dental Insurance in the US industry in United States is expected to grow.
The biggest companies operating in the Dental Insurance market in United States are Cvs Health Corporation, Metlife, Inc. and Delta Dental Insurance Co.
Underwriting dental policies and Managing care between dental health providers and individual recipients are part of the Dental Insurance in the US industry.
The company holding the most market share in United States is Cvs Health Corporation.
The level of competition is moderate and increasing in the Dental Insurance in the US industry in United States.