Global Health Insurance Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com – Business Wire
DUBLIN–(BUSINESS WIRE)–The “Health Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global health insurance market reached a value of US$ 1,590 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2426.6 Billion by 2027, exhibiting a CAGR of 7.2% during 2022-2027.
Companies Mentioned
Aetna Inc. (CVS Health Corporation)
AIA Group Limited
Allianz SE
Aviva Plc
Berkshire Hathaway Inc.
Cigna Corporation
International Medical Group Inc. (Sirius International Insurance Group Ltd.)
Prudential Plc
United Health Group Inc.
Zurich Insurance Group AG.
The increasing costs of healthcare services, in confluence with the growing prevalence of diabetes, cancer, stroke and kidney failure, represent one of the key factors escalating the demand for health insurance worldwide. Moreover, governing agencies of several countries are making it necessary for employers to provide health insurance to their employees. These agencies are also enforcing laws that mandate international health insurance for tourists.
Apart from this, the rising geriatric population is promoting the adoption of government health insurance programs or schemes offered at low premium rates. Furthermore, growing health awareness and improving healthcare infrastructure are other factors bolstering the market growth. Besides this, various companies are providing cover for medical expenses incurred during the treatment of coronavirus disease (COVID-19). They are also focusing on digitizing claim processing and policy management, which is anticipated to influence the market positively in the coming years
The market is further driven by the widespread adoption of social media for the promotion of health insurance products by various players. Social media platforms provide them with a diverse customer reach, which is anticipated to provide numerous growth opportunities for the players. Additionally, digitizing various processes in the health insurance market also aids customers in comparing multiple plans offered by numerous vendors. This enables transparent communication between the insurers and companies and provides effective disclosure of pertinent information to ultimately help the individuals make an informed decision, thereby creating a positive outlook for the market
The rising integration of health insurance with Big Data analytics aids insurance companies in diversifying their models and strategies in an attempt to recognize the ever-evolving consumer demand. The escalating deployment of predictive analysis and scenario-based modeling in the market also enables the companies to devise customized solutions for their clientele at varied pricing options.
Key Question Answered in this Report
1. What is the size of the global health insurance market?
2. What is the expected growth rate of the global health insurance market?
3. What are the key factors driving the global health insurance market?
4. What has been the impact of COVID-19 on the global health insurance market?
5. What is the breakup of the global health insurance market based on the provider?
6. What is the breakup of the global health insurance market based on the type?
7. What is the breakup of the global health insurance market based on the plan type?
8. What is the breakup of the global health insurance market based on the demographics?
9. What is the breakup of the global health insurance market based on the provider type?
10. What are the key regions in the global health insurance market?
11. Who are the key players/companies in the global health insurance market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Health Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Provider
6.1 Private Providers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Public Providers
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
8 Market Breakup by Plan Type
9 Market Breakup by Demographics
10 Market Breakup by Provider Type
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/njlj2j
