Healthcare Insurance Market Size, Share, Growth Report 2030

Healthcare Insurance Market

Healthcare Insurance Market - by Provider (Private Providers and Public Providers), by Product (Disease Insurance, Medical Insurance, and Income Protection Insurance), by Provider Network (Preferred Provider Organizations (PPOs), Point Of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs)), by Type (Lifetime Coverage and Term Coverage), and by Demographics (Minors, Adults, and Senior Citizens): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2026

Published Date: 26-Nov-2018 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-3553 Status : Published

Global Healthcare Insurance Market Study offers a comprehensive assessment of the industry competition, Revenues, current & emerging trends, limitations, sales estimates, and industry-validated market data

Global Healthcare Insurance Market Size

The global Healthcare Insurance Market, which was estimated at 1.132 USD Trillion in 2019 and is predicted to accrue earnings worth 2.03 USD Trillion by 2026, is set to record a CAGR of nearly 7.9% over 2020-2026. The report offers a valuation and analysis of the Healthcare Insurance Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

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Introduction

Healthcare insurance is a kind of insurance coverage that is paid for medical, surgical, prescribed medicine, and dental expenditure incurred by the insurer. Moreover, enforcement of Patient Protection and Affordable Act – a largest healthcare initiative by the U.S. government – in March 2010 has brought a change in healthcare system in the country. The move made by the government was aimed at easing accessibility to healthcare insurance in the U.S. These favorable initiatives taken by the U.S. government is likely to embellish the expansion of healthcare insurance industry across the globe in the near future.

Market Growth Dynamics

Rise in the aging population prone to chronic ailments and a surge in the per capita income of the consumers will prompt the healthcare insurance market size over the assessment timeframe. Apart from this, prominent inflation in the gross domestic product of emerging economies and unmet medical requirements of the population will steer the market trends. Additionally, huge medical expenditure associated with the hospitalization of patients with chronic is likely to pave a way for the growth of the healthcare insurance industry over the forecast timespan. In addition to this, favorable government healthcare reimbursement policies pertaining to surgeries will open new growth dimensions for the healthcare industry over the assessment timeline from 2020 to 2026.

With inception of new pandemics like COVID-19, Swine Flu, and Bird Flu, it is more likely that the healthcare insurance market will gain traction over the forthcoming years. Apart from this, escalating awareness among the people about the benefits of the healthcare insurance policy will further accelerate the pace of the growth of the healthcare insurance industry over the upcoming years. Nevertheless, inflating costs of healthcare insurance products and strict laws pertaining to claim reimbursement procedure will put brakes on the business growth.

Regional Analysis

North America To Contribute Sizably Towards Market Value By 2026

The expansion of the industry in North America during the assessment period can be credited to value proposition created by the giant players in the countries like the U.S. Additionally, there are behemoth firms in the region and this will account majorly towards the regional market size in the years ahead. Easy access to Medicare in the countries like the U.S. will proliferate the rate of growth of the industry in North America over the upcoming years.

Report Scope

Report Attributes Report Details
Report Name Healthcare Insurance Market Research Survey Report
Market Size in 2019 USD 1.132 Trillion
Market Forecast by 2026 USD 2.03 Trillion
Compound Annual Growth Rate CAGR of 7.9%
Number of Pages 110
Forecast Units Value (USD Trillion), and Volume (Units)
Key Companies Covered AXA, Prudential Financial Inc, Kaiser Foundation Health Plan Inc, Apollo Munich Health Insurance Company Ltd, Allianz, ASSICURAZIONI GENERALI S.P.A, UnitedHealth Group, Berkshire Hathaway Inc, Aetna Inc, China Life Insurance (Group) Company, International Medical Group Inc, AIA Group Limited, Anthem Inc, Japan Post Holding Co Ltd, Aviva, Cigna, Munich Re Group, Express Scripts Holding Company, and Zurich Insurance Group Ltd
Segments Covered By Provider, By Product, By Type, By Provider Network, By Demographics, By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2019
Historical Year 2016 - 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Competitive Landscape

Key players profiled in the study include AXA, Prudential Financial, Inc., Kaiser Foundation Health Plan, Inc., Apollo Munich Health Insurance Company Ltd., Allianz, ASSICURAZIONI GENERALI S.P.A., UnitedHealth Group, Berkshire Hathaway Inc., Aetna Inc., China Life Insurance (Group) Company, International Medical Group Inc., AIA Group Limited, Anthem, Inc., Japan Post Holding Co., Ltd., Aviva, Cigna, Munich Re Group, Express Scripts Holding Company, and Zurich Insurance Group Ltd.

The report segments the global healthcare insurance market as follows:

Global Healthcare Insurance Market: Provider Segment Analysis

  • Private Providers
  • Public Providers

Global Healthcare Insurance Market:Product Segment Analysis

  • Disease Insurance
  • Medical Insurance
  • Income Protection Insurance

Global Healthcare Insurance Market:Type Segment Analysis

  • Lifetime Coverage
  • Term Coverage

Global Healthcare Insurance Market: Provider Network Segment Analysis

  • Preferred Provider Organizations (PPOs)
  • Point Of Service (POS)
  • Health Maintenance Organizations (HMOs)
  • Exclusive Provider Organizations (EPOs)

Global Healthcare Insurance Market: Demographics Segment Analysis

  • Minors
  • Adults
  • Senior Citizens

By Region

  • North America

    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

Rise in the aging population prone to chronic ailments and surge in the per capita income of the consumers will prompt the healthcare insurance market size over the assessment timeframe. Apart from this, a prominent inflation in the gross domestic product of the emerging economies and unmet medical requirements of the population will steer the market trends. Additionally, huge medical expenditure associated with hospitalization of patients with chronic is likely to pave a way for the growth of healthcare insurance industry over the forecast timespan. In addition to this, favorable government reimbursement policies pertaining to surgeries will open new growth dimensions for healthcare industry over the assessment timeline ranging from 2020 to 2026. With inception of new pandemics like COVID-19, Swine Flu, and Bird Flu, it is more likely that the healthcare insurance market will gain traction over the forthcoming years.

According to Zion market research report, the global Healthcare Insurance Market, which was estimated at 1,132 (USD Billion) in 2019 and is predicted to accrue earnings worth 2,030 (USD Billion) by 2026, is set to record a CAGR of nearly 7.9% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be attributed to value proposition created by the giant players in the countries like the U.S. Additionally, there are behemoth firms in the region and this will account majorly towards the regional market size in the years ahead. Easy access to Medicare in the countries like the U.S. will proliferate the rate of growth of the industry in North America over the upcoming years.

The key players profiled in the report include AXA, Prudential Financial, Inc., Kaiser Foundation Health Plan, Inc., Apollo Munich Health Insurance Company Ltd., Allianz, ASSICURAZIONI GENERALI S.P.A., UnitedHealth Group, Berkshire Hathaway Inc., Aetna Inc., China Life Insurance (Group) Company, International Medical Group Inc., AIA Group Limited, Anthem, Inc., Japan Post Holding Co., Ltd., Aviva, Cigna, Munich Re Group, Express Scripts Holding Company, and Zurich Insurance Group Ltd.       

By Provider (Private Providers And Public Providers), By Product (Disease Insurance, Medical Insurance, And Income Protection Insurance), By Provider Network (Preferred Provider Organizations (PPOs), Point Of Service (POS), Health Maintenance Organizations (HMOs), And Exclusive Provider Organizations (EPOs)), By Type (Lifetime Coverage And Term Coverage), And By Demographics (Minors, Adults, And Senior Citizens)

Healthcare Insurance Market will set to record a CAGR of nearly 7.9% over 2020-2026

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