U.S. Dental Insurance Market for individuals is expected to grow with a CAGR of 6.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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U.S. dental insurance market for individuals is a consolidated market, which includes specific number of key players maintain their strong presence in the market. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in U.S. dental insurance market for individuals are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In May 2020, Anthem Insurance Companies, Inc. (a subsidiary of Anthem, Inc.) announced a virtual dental care program in partnership with TeleDentists. This virtual dental care program enhanced patient access to oral health services during the COVID-19 pandemic. This has helped the company to enhance its offerings in the market.
Delta Dental Plans Association is the dominating player in U.S. dental insurance market for individuals. The other key players existing in the market includes Anthem Insurance Companies, Inc. (a subsidiary of Anthem, Inc.), Aetna Inc. (a subsidiary of CVS Health), Humana Inc., Physicians Mutual, Cigna, United Healthcare Services Inc. (a subsidiary of UnitedHealth Group), Metlife Services and Solutions LLC, Aflac Incorporated, Allainz, Ameritas Multual Holding Company, Dentegra Insurance Company, Liberty Dental Plan, Renaissance Holding Company, The Guardian Life Insurance Company of America, United Concordia Companies Inc., and among others.
Delta Dental Plans Association
Delta Dental Plans Association is headquartered in California, U.S. which was established in 1955. The company is engaged in designing and providing dental insurance for the advancement of oral health. The company offer its products for individuals, dentists, employers, and for administrators. The market focused category is for individuals. The company has strong present in the country.
- In February 2020, Delta Dental Plans Association announced two new tele-dentistry offerings that enable customers to receive preventive oral health care consultation remotely. These offerings offer virtual expert advice through video conferencing platforms and smartphone applications. This has helped the company to enhance its offerings in the market
Aetna Inc. (a subsidiary of CVS Health)
Aetna Inc. (a subsidiary of CVS Health) is headquartered in Connecticut, U.S. and it was established in year 1853. The company is engaged in designing and providing insurance plans for customers of different age groups. The product categories of the company include dental insurance plans for individuals and families. The market focused category is dental insurance plans for individuals and families.
- In 2007, Aetna Inc. (A Subsidiary of CVS Health) launched new offerings, namely Aetna Dental Care RewardSM and Aetna DMO Access plan designs. Both this product offers new lower-cost options and complement other offerings such as Aetna Dental Preventive Care. This has helped the company to enhance its dental insurance offerings in the market
Cigna
Cigna is headquartered in Connecticut, U.S. The company is engaged in developing and providing services and solutions for diverse health needs of customers. The business segment of the company Evernorth, U.S. medical, U.S. commercial, and U.S. government. The market focused business segment is U.S. medical. The product categories of the company include medicare, employers and brokers, health care providers, and individuals and families. The market focused category is individuals and families. Some of the subsidiaries of the company include Cigna Behavioral Health Inc., Healthspring Inc., Express Scripts, and among others. The company has global presence in regions such as Americas, Europe, and Asia-Pacific.
- In April 2020, Cigna announced the launch of virtual dental care. This virtual solution helps dentists and patients access an urgent dental consult while minimizing their risk of COVID-19 exposure. This virtual solution is part of Cigna dental health connect to provide meaningful dental care services. This has helped the company to enhance its dental offerings in the market.
