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Global Dental Insurance Market Set to Surge to $198.08 Billion in 2024 With Anticipated CAGR of 8.4% [Yahoo! Finance]
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The dental insurance industry is on an upward trajectory, witnessing a robust growth from $182.68 billion in 2023 to a forecasted $198.08 billion in 2024, marking a significant compound annual growth rate (CAGR) of 8.4%. This expansion can be attributed to several factors including increased awareness of oral health, burgeoning costs of dental care, and a shift towards preventive services. With governmental policies enhancing industry standards and employers increasingly providing dental benefits, the market is experiencing a positive impact on its growth. Demographics Driving the Demand An aging global population with a higher prevalence of dental issues is creating strong demand within the market. By 2050, the number of individuals aged 60 and above is predicted to double, further intensifying the need for dental insurance services among the elderly. Additionally, the World Health Organization reported in November 2022 that 3.5 billion individuals worldwide are affected by oral
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