U.S. Healthcare Discount Plan Market Growth & Trends
The U.S. healthcare discount plan market size is expected to reach USD 3.8 billion by 2030, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing chronic diseases burden, increasing health expenses, and rising out-of-pocket expenditures are boosting the demand for health/medical discount plans offering affordable treatment solutions. Market players are focusing on increasing investments, innovating products & services, collaborating & partnering with other players to deliver affordable and accessible treatment solutions. Furthermore, the growing demand for enhanced treatment quality and improved patient experience, which would drive clinical outcomes & coordinate patient care is further boosting the adoption of health/medical discount plans.
For instance, United Healthcare, in June 2019, launched UnitedHealthcare Hearing, an innovative service provider offering affordable, quality hearing solutions. Moreover, as a part of their public awareness campaign, United Healthcare donated 20,000 reusable silicone plugs to police departments and fire departments across the country. The growing presence of Discount Medical Plan Organizations (DMPOs) providing affordable medical plans for a wide array of services is expected to drive the market. A rise in demand for affordable dental care, vision care, hearing aids, prescription drugs, and chiropractic care for individuals as well as groups who lack insurance coverage is expected to drive the demand further and promote the development & growth of the market. The growing prevalence of chronic ailments and increasing health-consciousness are driving the need for hassle-free, affordable treatment solutions.
U.S. Healthcare Discount Plan Market Report Highlights
- The other services segment dominated the market in 2021 owing to the growing demand for advanced discount plans amalgamated with additional benefits covering diagnostics, diabetic supplies, laboratory tests, and endoscopies
- The virtual visits services segment is anticipated to register the fastest growth rate over the forecast years
- This growth can be attributed to the increasing availability of telemedicine services, such as online consultation, and 24/7 access to care professionals
- The dental care services segment accounted for the second-largest share of the overall revenue in 2021
Profiled Companies
New Benefits, Ltd.
Access One Consumer Health, Inc.
CARRINGTON International Corporation
Ameriplan
Coverdell
Alliance Healthcard of Florida, Inc.
United Health Group
American Dental Care Partners, Inc.
Blue Cross and Blue Shield Association
DentalPlans.com, Inc.
Sam’s West, Inc.
Humana, Inc.
Cigna
Freshbenies
Discounts by Design
Xpress Healthcare
Please note The report will be delivered in 2-3 business days upon order notification.
- Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.2 Market Definition
- 1.2.1 Health advocate
- 1.2.2 Virtual visits
- 1.2.3 Alternative medicines
- 1.2.4 Prescription drugs
- 1.2.5 Dental care
- 1.2.6 Vision care
- 1.2.7 Hearing aids
- 1.2.8 Chiropractic care
- 1.2.9 Nurse services
- 1.2.10 Vitamins & supplements
- 1.2.11 Wellness plans
- 1.2.12 Podiatry plans
- 1.3 Research Methodology
- 1.3.1 Information Procurement
- 1.3.1.1 Purchased database:
- 1.3.1.2 GVR’s internal database
- 1.3.2 Primary Research:
- 1.4 Research Scope and Assumptions
- 1.5 List to Data Sources
- Chapter 2 Executive Summary
- 2.1 U.S. Healthcare Discount Plan Market Outlook
- 2.2 U.S. Healthcare Discount Plan Market Segment Outlook
- 2.3 U.S. Healthcare Discount Plan Market Competitive Insight
- 2.4 Impact of COVID-19 on U.S. Healthcare System
- 2.5 U.S. Healthcare Discount Plan Market Snapshot
- Chapter 3 U.S. Healthcare Discount Plan Market Variables, Trends, & Scope
- 3.1 Penetration and Growth Prospect Mapping
- 3.2 Market Dynamics
- 3.2.1 Market Driver Analysis
- 3.2.1.1 Growing demand for Health Discount Plans to Control Rising Healthcare Costs
- 3.2.1.2 Increasing Demand for Private Health Discount Plans in the Different U.S. States
- 3.2.2 Market Restraint Analysis
- 3.2.2.1 Easy availability of Better Insurance Plans
- 3.2.3 Industry Challenges
- 3.2.3.1 Difficulty in Implementing Health Discount Programs Outside Hospital Facilities
- 3.3 U.S. Healthcare Discount Plan Market Analysis Tools
- 3.3.1 Industry Analysis - Porter’s
- 3.3.1.1 Bargaining power of the suppliers
- 3.3.1.2 Bargaining power of the buyers
- 3.3.1.3 Threats of substitution
- 3.3.1.4 Threats from new entrants
- 3.3.1.5 Competitive rivalry
- 3.5.2 PESTEL Analysis
- 3.5.2.1 Political and Legal Landscape
- 3.5.2.2 Economic and Social landscape
- 3.5.2.3 Technology landscape
- 3.4 Major Deals & Strategic Alliances Analysis
- 3.4.1 Collaborations & Partnerships
- 3.4.2 Investments, Mergers, and Acquisitions
- 3.5 Market Entry Strategies
- 3.6 Recent Developments & Impact Analysis, by Key Market Participants
- 3.7 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
- Chapter 4 U.S. Healthcare Discount Plan Market: Service Estimates & Trend Analysis
- 4.1 U.S. Healthcare Discount Plan Market: Service Market Share Analysis, 2021 and 2030
- 4.2 Health advocate
- 4.2.1 Health advocate analysis market estimates and forecasts, 2016 - 2030 (USD million)
- 4.3 Virtual visits
- 4.3.1 Virtual visits market estimates and forecasts, 2016 - 2030 (USD million)
- 4.4 Alternative medicines
- 4.4.1 Alternative Medicines market estimates and forecasts, 2016 - 2030 (USD million)
- 4.5 Prescription drugs
- 4.5.1 Prescription drugs market estimates and forecasts, 2016 - 2030 (USD million)
- 4.6 Dental care
- 4.6.1 Dental care market estimates and forecasts, 2016 - 2030 (USD million)
- 4.7 Vision care
- 4.7.1 Vision care market estimates and forecasts, 2016 - 2030 (USD million)
- 4.8 Hearing aids
- 4.8.1 Hearing aids market estimates and forecasts, 2016 - 2030 (USD million)
- 4.9 Chiropractic care
- 4.9.1 Chiropractic care market estimates and forecasts, 2016 - 2030 (USD million)
- 4.10 Nurse services
- 4.10.1 Nurse services market estimates and forecasts, 2016 - 2030 (USD million)
- 4.11 Vitamins & supplements
- 4.11.1 Vitamins & supplements market estimates and forecasts, 2016 - 2030 (USD million)
- 4.12 Wellness plans
- 4.12.1 Wellness Plans market estimates and forecasts, 2016 - 2030 (USD million)
- 4.13 Podiatry plans
- 4.13.1 Podiatry plans market estimates and forecasts, 2016 - 2030 (USD million)
- 4.14 Others
- 4.14.1 Others market estimates and forecasts, 2016 - 2030 (USD million)
- Chapter 5 Competitive Landscape
- 5.1 Discount Medical Plan Organizations (DMPOs)
- 5.1.1 New Benefits, Ltd.
- 5.1.1.1 Company overview
- 5.1.1.2 Financial performance
- 5.1.1.3 Product benchmarking
- 5.1.1.4 Strategic initiatives
- 5.1.2 Access One Consumer Health, Inc.
- 5.1.2.1 Company overview
- 5.1.2.2 Financial performance
- 5.1.2.3 Product benchmarking
- 5.1.2.4 Strategic initiatives
- 5.1.3 CARRINGTON International Corporation
- 5.1.3.1 Company overview
- 5.1.3.2 Financial performance
- 5.1.3.3 Product benchmarking
- 5.1.3.4 Strategic initiatives
- 5.1.4 Ameriplan
- 5.1.4.1 Company overview
- 5.1.4.2 Financial performance
- 5.1.4.3 Product benchmarking
- 5.1.5 Coverdell
- 5.1.5.1 Company overview
- 5.1.5.2 Financial performance
- 5.1.5.3 Product benchmarking
- 5.1.6 Alliance Healthcard of Florida, Inc.
- 5.1.6.1 Company overview
- 5.1.6.2 Financial performance
- 5.1.6.3 Product benchmarking
- 5.1.6.4 Strategic initiatives
- 5.2 Marketers
- 5.2.1 United Health Group
- 5.2.1.1 Company overview
- 5.2.1.2 Financial performance
- 5.2.1.3 Product benchmarking
- 5.2.1.4 Strategic initiatives
- 5.2.2 American Dental Care Partners, Inc.
- 5.2.2.1 Company overview
- 5.2.2.2 Financial performance
- 5.2.2.3 Product benchmarking
- 5.2.3 Blue Cross and Blue Shield Association
- 5.2.3.1 Company overview
- 5.2.3.2 Financial performance
- 5.2.3.3 Product benchmarking
- 5.2.3.4 Strategic initiatives
- 5.2.4 DentalPlans.com, Inc.
- 5.2.4.1 Company overview
- 5.2.4.2 Financial performance
- 5.2.4.3 Product benchmarking
- 5.2.4.4 Strategic initiatives
- 5.2.5 Sam’s West, Inc.
- 5.2.5.1 Company overview
- 5.2.5.2 Financial performance
- 5.2.5.3 Product benchmarking
- 5.2.5.4 Strategic initiatives
- 5.2.6 Humana, Inc.
- 5.2.6.1 Company overview
- 5.2.6.2 Financial performance
- 5.2.6.3 Product benchmarking
- 5.2.6.4 Strategic initiatives
- 5.2.7 Cigna
- 5.2.7.1 Company overview
- 5.2.7.2 Financial performance
- 5.2.7.3 Product benchmarking
- 5.2.8 Freshbenies
- 5.2.8.1 Company overview
- 5.2.8.2 Financial performance
- 5.2.8.3 Product benchmarking
- 5.2.8.4 Strategic initiatives
- 5.2.9 Discounts by Design
- 5.2.9.1 Company overview
- 5.2.9.2 Financial performance
- 5.2.9.3 Product benchmarking
- 5.2.10 Xpress Healthcare
- 5.2.10.1 Company overview
- 5.2.10.2 Financial performance
- 5.2.10.3 Product benchmarking
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