Health Insurance Market, By Distribution Channel (Direct Sales, Broker/Agents, Banks, and Others), By Insurance Type (Diseases Insurance and Medical Insurance), By Coverage (Preferred Provider Organizations (PPOs), Point of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs)), By End User (Group and Individuals), By Age Group (Senior Citizens, Adult, and Minors), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Health insurance is a type of insurance that covers medical expenses of the insured due to an illness or accident in exchange for a premium amount. It reimburses medical bills and/or pays the medical care provider directly on behalf of patients.
Market Dynamics:
Rise in global disease burden, rise in patient pool, growing geriatric population, rise in awareness among people about health insurance and associated benefits, and the outbreak of COVID-19 are major factors expected to propel growth of the global health insurance market.
For instance, in March 2023, Go Digit General Insurance announced the launch of three new plan under Digit Health Insurance policy, such as Digit Double Wallet plan, Digit Infinity Wallet plan, and Digit Worldwide Treatment plan, to cater to the newly evolved health insurance needs post the pandemic. The plan will help take care of the rising medical costs with an option of unlimited back-up sum insured (SI) being offered to customers.
Key features of the study:
This report provides in-depth analysis of the global health insurance market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global health insurance market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Aetna Inc., AIA Group Limited, Allianz, Assicurazioni Generali S.P.A., AVIVA, AXA, CIGNA, Ping an Insurance, and UnitedHealth Group Inc., among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global health insurance market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global health insurance market.
Detailed Segmentation:
Global Health Insurance Market, By Distribution Channel:
Direct Sales
Broker/Agents
Banks
Others
Global Health Insurance Market, By Insurance Type:
Diseases Insurance
Medical Insurance
Global Health Insurance Market, By Coverage:
Preferred Provider Organizations (PPOs)
Point of Service (POS)
Health Maintenance Organizations (HMOs)
Exclusive Provider Organizations (EPOs)
Global Health Insurance Market, By End User:
Group
Individuals
Global Health Insurance Market, By Age Group:
Senior Citizens
Adult
Minors
Global Health Insurance Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Aetna Inc.
AIA Group Limited
Allianz
Assicurazioni Generali S.P.A.
AVIVA
AXA
CIGNA
Ping an Insurance
UnitedHealth Group Inc.