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Dental Insurance in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dental Insurance Market Research Report | SIC UK0.029 | Aug 2016

Teething problems: Declining confidence in the current year is expected to hinder revenue

The Dental Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Bupa plc Bupa plc market share
Cigna European Services (UK) Ltd Cigna European Services (UK) Ltd market share
Simplyhealth Group Limited Simplyhealth Group Limited market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • The industry has grown, though demand is likely to fall following the referendum result
  • Operators will continue to abide by the recently introduced EU-wide Solvency II regulations
  • Less risky investment strategies are likely to reduce income volatility to some extent
  • ... purchase to read more

Industry Analysis & Industry Trends

The Dental Insurance industry reimburses policyholders for some or all of the cost of maintaining good oral health. It traditionally covers preventative care such as check-ups and dental hygienist visits, minor treatments such as fillings and extractions, and major treatments such as crowns and bridges. Unlike many other health services, the majority of the UK population has to pay for dental treatment. Dental insurance policies cover treatment provided by both NHS and private dentists. However, the propensity to purchase dental insurance is greater when people wish to receive treatment from private dentists, as the costs associated with private treatment are significantly higher.

Operating conditions have been somewhat difficult over the past five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Dental Insurance industry is in the growth phase of its life cycle. However, industry value added, which measures the industry's contribution to the overall economy, is forecast to decrease at a compound annual rate of 0.9% over the 10 years through 2021-22. Meanwhile, the overall UK economy is expected to grow at a compound annual rate of 2.3% over the same period. This indicates that the industry will account for a declining share of the overall economy.

Despite displaying attributes of an industry in decline this is mainly due to poor forecast economic conditions over the next five years. IBISWorld estimates that the industry is in the growth stage of its lifecycle overall as there is currently a large potential for industry expansion. Cur.. 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

  • Superior financial management and debt management
  • Having a good reputation
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Consumer confidence index in the Dental Insurance industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Dental Insurance Industry?

    Businesses in this industry underwrite dental insurance policies. Dental insurance helps to 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. Orthodontics coverage may be included in dental insurance plans. Health cash plans that offer dental benefits alongside other benefits are excluded from the industry. Dental reinsurance is also not included in the industry.

    Industry Products
    Indemnity plansPreferred provider organisation plansCapitation plans
    Industry Activities
    Providing dental capitation plansProviding dental indemnity insurance plansProviding dental Preferred Provider Organisation plans

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Consumer confidence index
  • Real household disposable income
  • year bond rate
  • FTSE 100
  • Total health expenditure
  • Current Performance
  • Uncertain demand
  • Improved conditions
  • Volatile investment returns
  • Solvency II reforms
  • Profitability and enterprises
  • Chart: Revenue Growth
  • Industry Outlook
  • Demand falters
  • Investment income
  • Profitability and enterprises
  • Table: Dental Insurance Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dental Insurance Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Electronic Component Manufacturing
  • Television Programming & Broadcasting
  • Banks
  • Consumers
  • Key Selling Industries
  • Insurance Agents & Brokers
  • Reinsurance
  • Products & Services
  • Capitation plans
  • Indemnity plans
  • Preferred provider organisation plans
  • Chart: Dental Insurance Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Large employers
  • Individual consumers
  • Small employers
  • Chart: Major Market Segmentation for the Dental Insurance Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Claims
  • Underwriting expenses
  • Reinsurance
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Dental Insurance
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dental Insurance Industry
  • Industry Globalization
    Major Companies
    Simplyhealth Group Limited
    The British United Provident Association Ltd
    Cigna European Services (UK) Ltd
  • Table: Simplyhealth Group Limited - financial performance
  • Table: The British United Provident Association Ltd - financial performance
  • Table: Cigna European Services (UK) Ltd - financial performance
  • Operating Conditions
    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
    Key Statistics
  • 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)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Capitation Plan
  • A plan where the dentist is paid a monthly fee by the insurer per plan participant, regardless of whether treatment has been performed.
  • Indemnity Plan
  • A plan where the dental office is reimbursed by the insurer when services have been performed.
  • Orthodontics
  • A speciality of dentistry that is concerned primarily with dental displacement.
  • Reinsurance
  • Insurance that is purchased by an insurance company as a means of risk management.

  • Why Buy this Report?
    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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