Insurance may be a contract type that's represented by a policy. In insurance, a private or the entity receives financial reimbursement or protection just in case of loss over the insurance firm. Dental insurance may be a sort of insurance that covers dental health or the oral health of an individual. This insurance reimburses the dental costs incurred by patients. The high cost of dental procedures, that led to the prevalence of dental problems, and increasing awareness about dental insurance are fueling the demand for the dental insurance market.
Some leading players operating in the India dental insurance market include Chain Clinics, Sabka Dentist, Clove Dental, Health Insurance Companies, Apollo White Dental, Dental Insurance Company, 32 Dental, Max Bupa, Axiss Dental, Apollo Munich, Bajaj Allianz, ICICI Lombard, LIC, Bharti AXA, and Ocare. Dental insurance companies have been profiting from a rise in per capita earnings, the development of the working class, and a rise in the number of individuals with a high income. Dental insurance companies have further simplified their products & offerings and made them quite straightforward. This progress has made it demanding for purchasers of insurance to compare the terms of protection and therefore the policies being sold to them.
The India dental insurance market is split into insurance type, mode of distribution, and end-user. By insurance type, the dental insurance market is segmented into preventive, basic/minor, and major. the essential segment includes emergency look after pain relief, composite fillings (white fillings), re-cementing of dental crowns, amalgam fillings, sedative fillings, periodontal surgery, passage treatment, periodontal scaling and root planning, routine tooth extractions, crowns, chrome steel (prefabricated), and non-routine x-rays. Thus, the basic/minor segment is one of the key segments covering mostly both the important and customary dental procedures. The mode of distribution for the dental insurance market includes insurance agents, corporates, and online channels. The web channel segment is anticipated to point out a high rate of growth within the years ahead, due to the rise within the use of the web and electronic gadgets in every region. Based on end-user, the dental insurance market consists of individuals and families. Families dominate the market owing to the availability of family plans and lower costs of family plans as compared to the individual plans.
The India Dental Insurance Industry is supported by the economic development, changes activities by governments, strategies welcoming foreign investment, advancements in health care, positive demographic patterns, rise in salary levels, and an increase in awareness regarding dental care. Furthermore, the incorporation of advantages for information technology, cloud computing, data analytics, and other techniques is anticipated to speed up demand for dental insurance services globally. However, the dental insurance market may face some of the critical challenges related to extreme competition and really tough profit margins. Changing economic conditions have further led to a substantial amount of uncertainty in the global market. In the forecast period, it's expected that the Indian dental insurance market is expected to be lucrative owing to the growing awareness about care procedures and therefore the benefits of dental insurances and the growing prevalence of oral health problems in the country.
Companies Mentioned: -
Chain Clinics
Clove Dental
Apollo White Dental
32 Dental
Sabka Dentist
Axiss Dental
Health Insurance Companies
Apollo Munich
Max Bupa
ICICI Lombard
Bharti AXA
LIC
Bajaj Allianz
Dental Insurance Company
Ocare
Key Topics Covered in the Report: -
Overview of India Healthcare Infrastructure
Improvement in Infrastructure led by Private Players
Comparison of Healthcare Infrastructure with Developed Countries
Government Support
Overview of Dental Infrastructure in India
Patient Profile (Age-wise common Diseases, Prevalence of Diseases)
Challenges in Delivery of Oral Healthcare
Case Study of Clove Dental (Business Model, Operational Matrix, Financial Analysis)
Recent Investments in the Dental Industry
Evaluating Dental Infrastructure in Major Cities (Chennai, Bangalore, Delhi NCR, Mumbai, and Kolkata)
Number of Chain Clinics
Patient Profile of Chain Clinics
Prices of Common Treatment Procedures
Ticket Size per Visit
Macroeconomic Variables of City affecting Dental Insurance
Feasibility of Dental Insurance in India
Comparison of Dental Coverage in Top 6 Health Insurance Plans
Case Study of Ocare (Company Overview, Traditional Business Model, Success of Model, Strengths, Weaknesses, Insurance Plan, New Business Model, Current Status)
Interview with Dr. Neeraj Sheth, Founder and Group Director at Ocare
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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