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

Over the past five years, 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 2022, the enactment of healthcare reform provisions is expected to be the primary driver of growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$77bn
Annual Growth 12-17
2.7%
Forecast Growth 17-22
Profit
Employment
73,330
Businesses
1,599

Industry Threats & Opportunities

  • Rising healthcare expenditures and high unemployment have strained the industry
  • Improving awareness and access to preventative dental care are expected to boost industry demand
  • The largest drivers of industry revenue growth will be the aging US population and increased insurance coverage
  • Industry Report - Industry Locations Chapter

    The distribution of establishments for the Dental Insurance industry closely follows population and household income distributions. Households with higher disposable incomes are more likely to purchase dental insurance, according to the National Health Interview Survey. IBISWorld expects that the highest concentrations of industry operators are located in the Southeast, Mid-Atlantic, Great Lakes and West regions, with these regions accounting for 26.9%, 16.8%, 13.1% and 13.0% of total industry establishments, respectively. In addition to having high population densities, these regions have above-average per capita disposable income levels. Dental insurance participation, as a percentage of the US population, is greater for individuals in higher income categories. The...purchase to read more.

    Additional Insights for the Dental Insurance Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dental Insurance Industry are

  • Having an extensive distribution network
  • Having a good reputation
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Number of employees and Number of people with private health insurance in the Dental Insurance industry impact industry performance..

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    What's in this report

    What is the Dental Insurance Industry?

    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.

    Industry Products
  • Indemnity plans
  • Preferred provider organization plans
  • Capitation plans
  • Government insurance
  • Industry Activities
  • Underwriting dental policies
  • Managing care between dental health providers and individual recipients
  • Third-party management of self-funded dental insurance plans
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of employees
  • Number of people with private health insurance
  • Total health expenditure
  • Healthy eating index
  • Per capita disposable income

  • Current Performance
  • Recovery
  • Healthcare spending and revenue growth
  • Healthcare reform
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthcare reform
  • Rising healthcare expenditures and demand
  • Growing competition
  • Table: Dental Insurance Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dental Insurance Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Copier & Office Equipment Wholesaling
  • Dentists
  • Direct Mail Advertising
  • Print Advertising Distribution

  • Products & Services
  • Preferred provider organization plans
  • Government insurance
  • Indemnity plans
  • Capitation plans
  • Chart: Dental Insurance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • ASC commercial
  • Insured commercial
  • ASC Medicare or Medicaid
  • Insured Medicare or Medicaid
  • Other
  • Chart: Major Market Segmentation for the Dental Insurance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Dental Insurance

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dental Insurance Industry

  • Industry Globalization
    Aetna Inc., Metropolitan Life Insurance Company, Delta Dental,
  • Table: Aetna Inc. - financial performance
  • Table: Metropolitan Life Insurance Company - financial performance
  • Table: Delta Dental - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dental Insurance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dental Insurance Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Claims
  • Statement sent to an insurance carrier that lists the treatment performed, the date of that treatment and an itemization of associated costs.
  • Deductible
  • A specified amount of money that the insured must pay before an insurance company will pay a claim.
  • Dental Indemnity
  • Insurance products where providers are reimbursed on a fee-for-service basis and there are no discounted provider contract agreements.
  • Discount Dental Plan
  • A noninsured program in which a panel of dentists agrees to provide services at a discounted price for enrollees.
  • Epsdt
  • Early and Periodic Screening, Diagnostic and Treatment (EPSDT) is Medicaid's comprehensive child health program, which focuses on prevention, early diagnosis and treatment of medical conditions.
  • Preferred Provider Organization (Ppo)
  • A healthcare organization composed of physicians, hospitals or other providers that offer healthcare services at a reduced fee. Payment is made when services are rendered.
  • What Our Customers Say

    Why buy this report?

    The Dental Insurance industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dental Insurance:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dental Insurance market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dental Insurance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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