NA Health Insurance Market - Industry Trends and Forecast to 2035
The North America health insurance market is expected to reach USD 1,608,583.72 million by 2031 from USD 831,408.14 million in 2023, growing with a CAGR of 8.7% in the forecast period of 2024 to 2031.
Market SegmentationNorth America Health Insurance Market, By Type (Product and Solutions), Services (Inpatient Treatment, Outpatient Treatment, Medical Assurance, and Others), Level of Coverage (Bronze, Silver, Gold, and Platinum), Service Providers (Public Health Insurance Providers and Private Health Insurance Providers), Health Insurance Plans (Point of Service (POS), Exclusive Provider Organization (EPOS), Preferred Provider Organization (PPO), Indemnity Health Insurance, Health Maintenance Organization (HMO), Health Savings Account (HSA), Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS), and Others), Demographics (Adults, Minors, and Senior Citizens), Coverage Type (Lifetime Coverage and Term Coverage), End User (Corporates, Individuals, and Others), Distribution Channel (Direct Sales, Financial Institutions, E-Commerce, Hospitals, Clinics, and Others), Country ( U.S., Canada, and Mexico) – Industry Trends and Forecast to 2031
Overview of North America Health Insurance Market Dynamics
Driver
• Increasing cost of medical services
Restraint
• Strict documentation process for claim reimbursement
Opportunity
• Increasing healthcare expenditure
Market PlayersSome of the major market players operating in the North America health insurance market are: • Cigna Healthcare
• Centene Corporation
• Allianz Care (A Subsidiary of Allianz SE)
• Aetna Inc. (A Subsidiary of CVS Health)
• Anthem Insurance Companies, Inc. (A subsidiary of Elevance Health)
• AXA
• Broadstone Corporate Benefits Limited
• Bupa
• HealthCare International Global Network Ltd.
• HBF Health Limited
• Now Health International
• Oracle
• UnitedHealth Group
• Vhi Group
• Vitality (A Subsidiary of Discovery Ltd)
• International Medical Group (A Subsidiary of Sirius Point)
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