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