Health and Medical Insurance Market

  • Report ID : MD1547
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  • Pages : 200
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  • Tables : 90
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  • Formats :

 

health and medical insurance market

Health insurance covers the holders surgical and medical expenses. Numerous factors driving the health insurance market expansion include initiatives by governments for reimbursement policies, expensive medical cost, greater prevalence of chronic diseases, growing elderly population, increasing healthcare expenditure, better GDP, and rising participation of key players. High incidence of uncertain large and small disorders that are caused by ecological changes, accidents and injuries are creating greater worldwide demand for the health of the medical insurance market. The worldwide health and medical insurance market are expected to reach 141.3billion US dollars by 2025.
The US market share is expected to skyrocket because insurers are introducing new insurance schemes for people’s welfare and raising awareness about chronic diseases. Factors adding to the health insurance market growth in the developed nations include greater expenditure made by the government on healthcare, favourable reimbursement conditions, funding of research and development and continuous technological advances. On the other hand, key enablers fueling the health insurance market growth in the developing nations are rising medical tourism, budding innovations and technologies, lenient regulations, the rising requirement of chronic disease treatment, and rising participation of major enterprises in bringing forth advanced health insurance policies. In India, concentration on the rural population and China on the elderly population are key drivers in developing economies.

On the flip side, a delayed claim reimbursement rollout, stringent regulations, high documentation, complicated administrative procedures, loopholes in the claim processing criteria and the increasing price of healthcare insurance products are factors that may restrict the growth of the medical and health insurance market. To counteract these possible threats, the greater awareness about economical healthcare amongst the growing population coupled with the onset of newer ailments caused by COVID-19, Zika, Ebola, and others is expected to push the product demand during the upcoming years to come.

 

 

Health and Medical Insurance Market Competition
Key companies operating in this industry are Anthem, UnitedHealth Group, BUPA, Chinalife, Aetna, PICC, PingAn, Star Health & Allied Insurance, Cigna, Essential Med and Kunlun.


Coverage Highlights
• Health and Medical Insurance Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis

Health and Medical Insurance Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Individual/Family Health Insurance Products
• Group Health Insurance Products
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Comprehensive Plan
• Treatment and Care
• Other (Dental, Child, etc.)
Country (Revenue, USD Million, 2020 - 2027)
North America

• United States
• Canada
• Mexico

Asia-Pacific

• China
• Japan
• South Korea
• India
• Philippines
• Malaysia
• Australia
• Rest of Asia Pacific

Europe

• Italy
• Spain
• France
• UK
• Germany
• Belgium
• Netherlands
• Switzerland
• Russia
• Rest of Europe

South America

• Brazil
• Peru
• Chile
• Rest of South America

Middle East and Africa
• Iran
• Israel
• Saudi Arabia
• Turkey
• Africa


Health and Medical Insurance Market Companies
• Anthem
• UnitedHealth Group
• DKV
• BUPA
• Chinalife
• Aetna
• PICC
• PingAn
• Star Health & Allied Insurance
• Cigna
• Essential Med
• Kunlun

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