Global dental insurance market to close in on $200 billion in 2024

The global dental insurance market is projected to reach $198.08 billion by the end of 2024, growing from $182.68 billion in 2023.

Factors driving the expansion of the market include increased awareness on oral health from the public, increasing costs of dental care, a shift to more preventive dental services, government policies improving industry standards and more employers providing dental benefits, according to a March 27 report from Research And Markets. 

In addition, the world's population of individuals aged 60 and above is expected to double by 2050, creating a larger need for dental insurance and care for the elderly population. 

The market is expected to have a compound annual growth rate of 8.6% and surpass $275 billion by 2028, the report said.

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