Global Health Insurance Market 2024-2028
The health insurance market is forecasted to grow by USD 994.17 bn during 2023-2028, accelerating at a CAGR of 6.92% during the forecast period. The report on the health insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand due to growing healthcare awareness, a global rise in the aging population, and an increase in the prevalence of chronic diseases.
Technavio's health insurance market is segmented as below:By ServicePublic
Private
By TypeLife insurance
Term insurance
By GeographyNorth America
APAC
Europe
South America
Middle East and Africa
This study identifies the increasing demand use to a growing focus on preventive health as one of the prime reasons driving the health insurance market growth during the next few years. Also, growing demand for customization and tailored insurance policies and integration of wearables into customer engagement metrics for life insurance software will lead to sizable demand in the market.
The report on the health insurance market covers the following areas:Health insurance market sizing
Health insurance market forecast
Health insurance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading health insurance market vendors that include ACKO General Insurance Ltd., Aditya Birla Management Corp. Pvt. Ltd., Allianz Care, Bharti Enterprises Ltd., Centene Corp., CVS Health Corp., Elevance Health Inc., General Insurance Corp. of India Ltd., HDFC Bank Ltd., ICICI Lombard General Insurance Co. Ltd., Independence Health Group Inc., Indian Farmers Fertiliser Cooperative Ltd., Kotak Mahindra Bank Ltd., Life Insurance Corp. of India, Max Financial Services Ltd., Oscar Health Inc, Reliance General Insurance Co. Ltd., Star Health and Allied Insurance Co Ltd., The Cigna Group, and UnitedHealth Group Inc. Also, the health insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.