DUBLIN–(BUSINESS WIRE)–The “Health Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global health insurance market reached a value of US$1,590 billion in 2021. Looking ahead, the publisher expects the market to reach US$2,426.6 billion by 2027, posting a CAGR of 7.2% in 2022-2027.
Aetna Inc. (CVS Health Corporation)
AIA Group Limited
Berkshire Hathaway Inc.
International Medical Group Inc. (Sirius International Insurance Group Ltd.)
United Health Group Inc.
Zurich Insurance Group AG.
Rising health service costs, coupled with the growing prevalence of diabetes, cancer, stroke and kidney failure, represent one of the key factors driving the escalating demand for health insurance in the world. Additionally, government agencies in many countries require employers to provide health insurance to their employees. These agencies also enforce laws that mandate international health insurance for tourists.
Apart from this, the growing geriatric population is encouraging the adoption of public health insurance programs or schemes offered at low premium rates. Additionally, rising health awareness and improved healthcare infrastructure are other factors supporting the growth of the market. Additionally, various companies cover medical expenses incurred while treating the coronavirus disease (COVID-19). They are also focusing on digitalization of claims processing and policy management which is expected 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 base, which should provide plenty of growth opportunities for gamers. Moreover, digitization of various processes in the health insurance market also helps customers to compare several plans offered by many providers. This enables seamless communication between insurers and companies and provides effective disclosure of relevant information to ultimately help individuals make an informed decision, thereby creating a positive outlook for the market.
The growing integration of health insurance with big data analytics is helping insurance companies diversify their models and strategies in an effort to recognize ever-changing consumer demand. The increasing deployment of predictive analytics and scenario-based modeling in the market also allows companies to design customized solutions for their customer base at various pricing options.
Answer to the key question 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 breakdown of the global health insurance market by provider?
6. What is the global health insurance market breakdown based on type?
7. What is the global health insurance market breakdown by plan type?
8. What is the breakdown of the global health insurance market by demographics?
9. What is the global health insurance market breakdown based on provider type?
10. What are the key regions of the global health insurance market?
11. Who are the key players/companies in the global health insurance market?
Main topics covered:
2 Scope and methodology
3 Executive summary
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 Breakdown by Vendor
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 Breakdown by Type
8 Market Breakdown by Plan Type
9 Market Breakdown by Demographics
10 Market Breakdown by Vendor Type
11 Market Breakdown by Region
12 SWOT Analysis
13 Value chain analysis
14 Analysis of the five forces of carriers
15 Price Analysis
16 Competitive Landscape
16.1 Market structure
16.2 Key Players
16.3 Profiles of Key Players
For more information on this report, visit https://www.researchandmarkets.com/r/njlj2j