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India Dental Insurance Market (2023-2028) by Coverage, Procedure, Demographics, and End-Users, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 146 Pages
  • January 2023
  • Region: India
  • Infogence Global Research
  • ID: 5566954

There are generally no separate or standalone dental insurance plans in India

India's Dental Insurance Market is estimated to be USD 7.93 Bn in 2023 and is expected to reach USD 12.83 Bn by 2028, growing at a CAGR of 10.10%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

India’s Dental Insurance Market is segmented based on Coverage, Procedure, Demographics, and End-Users.
  • By Coverage, the market is classified into Dental Health Maintenance Organizations (DHMO), Dental Preferred Provider Organizations (DPPO), Dental Indemnity Plans, Dental Exclusive Provider Organization (DEPO), Dental Point of Service (DPOS ).
  • By Procedure, the market is classified into Preventive, Major, and Basic.
  • By Demographics, the market is classified into Senior Citizens, Adults, and Minors.
  • By End-Users, the market is classified into Individuals and Corporates.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are GoDigit Health Insurance, HDFC Insurance Ltd., ICICI Insurance, Life Insurance Corp. of India, Star Health & Allied Insurance, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the India’s Dental Insurance Market . Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the India’s Dental Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the India’s Dental Insurance Market . The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Rising Prevalence of Various Oral Disorders
4.1.2 Increased Cost of Dental Surgeries
4.1.3 Private Organizations Providing Employer-Sponsored Insurance Plans
4.2 Restraints
4.2.1 Varied Insurance Regulations across the Globe
4.3 Opportunities
4.3.1 Increase in Advancements & Developments of Medicines for Dental Treatments
4.3.2 Rising Awareness of Oral Hygiene
4.3.3 Increased Demand for Quality Private Care
4.4 Challenges
4.4.1 Lack of Adoption for Dental Surgeries

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 India’s Dental Insurance Market , By Coverage
6.1 Introduction
6.2 Dental Health Maintenance Organizations (DHMO)
6.3 Dental Preferred Provider Organizations (DPPO)
6.4 Dental Indemnity Plans
6.5 Dental Exclusive Provider Organization (DEPO)
6.6 Dental Point of Service (DPOS)

7 India’s Dental Insurance Market , By Procedure
7.1 Introduction
7.2 Preventive
7.3 Major
7.4 Basic

8 India’s Dental Insurance Market , By Demographics
8.1 Introduction
8.2 Senior Citizens
8.3 Adults
8.4 Children

9 India’s Dental Insurance Market , By End-Users
9.1 Introduction
9.2 Individuals
9.3 Corporates

10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements

11 Company Profiles
11.1 Aditya Birla
11.2 Aetna Inc.
11.3 Allianz
11.4 AXA SA
11.5 Bajaj Allianz General Insurance
11.6 Cholamandalam MS General Insurance Company Ltd
11.7 Cigna
11.8 GoDigit Health Insurance
11.9 HDFC Insurance Ltd.
11.10 ICICI Insurance
11.11 Life Insurance Corp. of India
11.12 Star Health & Allied Insurance
11.13 Tata AIG General Insurance Co. Ltd.

12 Appendix
12.1 Questionnaire

Companies Mentioned

  • Aditya Birla
  • Aetna Inc.
  • Allianz
  • AXA SA
  • Bajaj Allianz General Insurance
  • Cholamandalam MS General Insurance Company Ltd
  • Cigna
  • GoDigit Health Insurance
  • HDFC Insurance Ltd.
  • ICICI Insurance
  • Life Insurance Corp. of India
  • Star Health & Allied Insurance
  • Tata AIG General Insurance Co. Ltd.

Table Information