Health Insurance Market Expected to Reach USD 2,541.78 Billion with CAGR of 4.6% Expected to 2029


The health insurance policy consists of several types of features and benefits. It offers financial coverage to the insured against certain treatments. The health insurance policy provides benefits such as cashless hospitalization, pre- and post-hospitalization coverage, reimbursement, and various top-ups.

Cost increase medical services and increasing number of day care procedures are some of the drivers driving the demand for health insurance in the market. Data Bridge Market Research analyzes that the health insurance market is expected to reach the value of USD 2,541.78 billion by 2029, at a CAGR of 4.6% during the forecast period. “Corporate” represents the largest end-user segment in the respective market due to the increase in demand for group health insurance by corporations. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, price analysis, production consumption analysis, and climate chain scenario.

Get a sample PDF of the report – https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-health-insurance-market&rajaas

Scope of the Global Health Insurance Market

The health insurance market is segmented on the basis of type, services, level of coverage, service providers, health insurance plans, demographics, type of coverage, end user, and distribution channel. The growth among these segments will help you analyze weak growth segments in the industries and provide users with valuable market insight and market insights to help them make strategic decisions to identify major applications of the market.

Type

On the basis of type, the health insurance market is segmented into products and solutions. The product segment is expected to dominate the global health insurance market owing to the high number of premiums sold globally.

Services

  • Hospital treatment
  • Outpatient treatment
  • Medical assistance
  • Others

On the basis of services, the health insurance market is segmented into inpatient treatment, outpatient treatment, medical assistance and others. The inpatient treatment segment is expected to dominate the global health insurance market as most of the premium plans are only used for inpatient treatment.

Cover level

Based on coverage level, the health insurance market is segmented into bronze, silver, gold, and platinum. The bronze segment is expected to dominate the global health insurance market owing to the growing adoption of this term plan among the middle class all over the world.

Service providers

  • Private health insurance providers
  • Public health insurance providers

On the basis of service providers, the health insurance market is segmented into private health insurance providers and public health insurance providers. The public health insurance provider segment is expected to dominate the global health insurance market owing to the high penetration of publicly funded health insurance in developed economies.

Health insurance plans

  • Point of Service (POS)
  • Exclusive Provider Organization (EPOS)
  • Health insurance allowance
  • Health Savings Account (HSA)
  • Qualified Small Employer Health Reimbursement Schemes (QSEHRAS)
  • Preferred Provider Organization (PPO)
  • Health Maintenance Organization (HMO)
  • Others

Based on health insurance plans, the health insurance market is segmented into point of service (POS), sole provider organization (EPOS), indemnity health insurance, health savings account (HSA), Qualified Small Employer Health Reimbursement Agreements (QSEHRAS), Preferred Provider Organization (PPO), Health Maintenance Organization (HMO) and others. The point of service (POS) segment is expected to dominate the global health insurance market owing to the high benefits offered by the plan over the traditional term plan. Furthermore, the rising awareness is also driving the demand during the forecast period.

Demography

  • Adults
  • Minors
  • The elderly

Based on demographics, the market is segmented into adults, minors, and seniors. The adult segment is expected to dominate the global health insurance market owing to the large pool of adult customers in the market.

Type of coverage

  • Lifetime coverage
  • Temporary cover

Based on the type of coverage, the market is segmented into lifetime coverage and term coverage. The lifetime coverage segment is expected to dominate the global health insurance market owing to high demand among the adult population in both developed and developing countries.

Final user

  • Companies
  • People
  • Others

On the basis of end user, the market is segmented into enterprise, personal and other. The corporate segment is expected to dominate the global health insurance market owing to stringent regulation and high expenditure on health insurance.

Distribution channel

  • direct sales
  • Financial institutions
  • E-commerce
  • Hospitals
  • Clinics
  • Others

Based on the distribution channel, the market is segmented into direct sales, financial institutions, e-commerce, hospitals, clinics and others. The direct sales segment is expected to dominate the global health insurance market owing to the availability of various third-party vendors and their wide acceptance in the domestic market.

To get more insights on the market analysis, browse the research report summary @ https://www.databridgemarketresearch.com/reports/global-health-insurance-market?rajaas

Regional Health Insurance Market Analysis/Overview

Health Insurance market is analyzed and market size insights and trends are provided by country, type, services, level of coverage, service providers, health insurance plans, demographics, type of coverage, user endpoint and distribution channel, as indicated above.

The countries covered in the Health Insurance market report are United States, Canada and Mexico, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America dominates the health insurance market due to high consumer disposable income. North America is followed by Europe and is expected to witness significant growth during the forecast period of 2022 to 2029 owing to the growing demand for health insurance from the corporate sector in the region. Europe is followed by Asia-Pacific and is expected to witness significant growth due to the growing awareness of the benefits and advantages offered by health insurance plans.

The country section of the report also provides individual market impacting factors and changes in market regulations that impact current and future market trends. Data points such as upstream and downstream value chain analysis, technical trends and bearer five forces analysis, case studies are some of the indicators used to forecast the market scenario for each country. In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of domestic tariffs and trade routes are considered while providing a forecast analysis of national data.

Competitive Landscape and Health Insurance Market Share Analysis

Health Insurance Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, global presence, locations and production facilities, production capacities, company strengths and weaknesses, product launch, product breadth and breadth, application dominance. The data points provided above relate only to the companies’ focus on the health insurance market.

Some of the major players operating in the health insurance market are Bupa, Now Health International, Cigna, Aetna Inc. (a subsidiary of CVS Health), AXA, HBF Health Limited, Vitality (a subsidiary of Discovery Limited), Centene Corporation , International Medical Group, Inc. (a subsidiary of Sirius International Insurance Group Ltd.), Anthem Insurance Companies, Inc. (a subsidiary of Anthem, Inc.), Broadstone Corporate Benefits Limited, Allianz Care (a subsidiary of Allianz SE ), HealthCare International Global Network Ltd, Assicurazioni Generali SPA, Aviva, Vhi Group, UnitedHealth Group, MAPFRE, AIA Group Limited, Oracle among others

Browse the full table of contents at https://www.databridgemarketresearch.com/toc/?dbmr=global-health-insurance-market&rajaas

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