The Health Insurance Market is expected to be around US$ 4.20 Billion by 2028 at a CAGR of 7.19% in the given forecast period
Health insurance covers medical expenditures acquired during treatment of any disease, injury, or other mental & physical impairment. It acts as recompense in exchange for a monthly/semi-annual/annual premium or a payroll tax to deliver healthcare benefits. The insurer is obliged to cover medical expenses for the policy holder up till the tenure and coverage of the policy. Conditional on the policy, the coverage may vary for many factors, including government policies, diseases, age group, and others. Growth in instances of numerous diseases, such as dengue, cancer, and diabetes, during the COVID-19 pandemic is considered as an important factor increasing the global health insurance market development. Moreover, improving claim management services and surge in alertness of health insurance in rural areas are some of the major factors that propel the market development. Nevertheless, lack of knowledge about coverages involved in health insurance policy and growth in health insurance premium cost are some of the factors that limit the health insurance market opportunity.
The global Health Insurance market is segregated on the basis of Distribution Channel as Direct Sales, Brokers/Agents, Banks, and Others. Based on Insurance Type the global Health Insurance market is segmented in Diseases Insurance and Medical Insurance. Based on Coverage the global Health Insurance market is segmented in Preferred Provider Organizations (PPOs), Point of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs).
Based on End User Type, the global Health Insurance market is segmented in Group and Individuals.
The global Health Insurance market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Health Insurance market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Aetna Inc., AIA Group Limited, Allianz, ASSICURAZIONI GENERALI S.P.A. , Aviva, AXA, Cigna, Ping An Insurance (Group) Company of China, Ltd., UnitedHealth Group, Zurich , and others are among the major players in the global Health Insurance market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Health Insurance Market has been segmented as below:
Health Insurance Market, By Distribution Channel
Health Insurance Market, By Insurance Type
Health Insurance Market, By Coverage
Health Insurance Market, By End User Type
Health Insurance Market, By Region
Health Insurance Market, By Company
The report covers:
Report Scope:
The global Health Insurance market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Health Insurance market share. Major industry players with significant revenue share include Aetna Inc., AIA Group Limited, Allianz, ASSICURAZIONI GENERALI S.P.A., Aviva, AXA, Cigna, Ping An Insurance (Group) Company of China, Ltd., UnitedHealth Group, Zurich, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Health Insurance Market, By Distribution Channel
5.1. Key Points
5.2. Direct Sales
5.3. Brokers/Agents
5.4. Banks
5.5. Others
6. Health Insurance Market, By Insurance Type
6.1. Key Points
6.2. Diseases Insurance
6.3. Medical Insurance
7. Health Insurance Market, By Coverage
7.1. Key Points
7.2. Preferred Provider Organizations (PPOs)
7.3. Point of Service (POS)
7.4. Health Maintenance Organizations (HMOs)
7.5. Exclusive Provider Organizations (EPOs)
8. Health Insurance Market, By End User Type
8.1. Key Points
8.2. Group
8.3. Individuals
9. Competitive Landscape
9.1. Introduction
9.2. Recent Developments
9.2.1. Mergers & Acquisitions
9.2.2. New Product Developments
9.2.3. Portfolio/Production Capacity Expansions
9.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.2.5. Others
10. Company Profiles
10.1 Aetna Inc.
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 AIA Group Limited
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Allianz
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 ASSICURAZIONI GENERALI S.P.A.
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 Aviva
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 AXA
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Cigna
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Ping An Insurance (Group) Company of China, Ltd.
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 UnitedHealth Group
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.9 Zurich
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
The Health Insurance Market has been segmented as below:
Health Insurance Market, By Distribution Channel
Health Insurance Market, By Insurance Type
Health Insurance Market, By Coverage
Health Insurance Market, By End User Type
Health Insurance Market, By Region
Health Insurance Market, By Company
