The global demand for Health Insurance Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Health insurance is an agreement whereby the company promises to provide coverage that typically pays for a surgical, medical, prescription drug, and sometimes dental expenses incurred by the holder. It reimburses the insurer from costs incurred from illness or injury or pays the care provider. Health insurance facility is often included in employer benefit packages as a means of enticing quality employees, with premiums partially covered by the employer but usually also deducted from employee paychecks. Health insurance companies have tie-ups with the hospitals to provide cashless treatment to the insured. The government also promotes health insurance by providing a deduction from income tax.
The global health insurance market is driven by the increased cost of healthcare services and the increased prevalence of lifestyle diseases. The mandatory provision of health insurance for private and public sector employees impedes the growth pace of the health insurance market. Developing countries have focused on promoting health care utilization as an essential policy to improve health outcomes and meet international obligations to make health services broadly accessible. However, limited availability of health insurance policies merely for specific hospitals & clinics and strict regulation and longer time for claim reimbursement is expected to hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of health insurance.
The entire health insurance market has been sub-categorized into provider, insurance type, coverage type, demographics and network. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Insurance Type
- Private Providers
- Public Providers
By Coverage Type
- Disease Insurance
- Medical Insurance
- Income Protection Insurance
- Lifetime Coverage
- Term Coverage
- Senior Citizen
- Preferred Provider Organizations (PPOs)
- Point of Service (POS)
- Health Maintenance Organizations (HMOs)
- Exclusive Provider Organizations (EPOs)
This section covers regional segmentation which accentuates on current and future demand for health insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Health Insurance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the health insurance market include Allianz Group, Assicurazioni Generali S.p.A., AIA Group Limited, Anthem, Inc., AXA, Equitable Life Insurance Company, China Life Insurance Company Limited, Munich Re, Ping An Insurance (Group) Company of China, Ltd., State Farm Group, Zurich Insurance Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.