Global Health Insurance Exchange (HIX) IT Market to Reach $4.8 Billion by 2026

SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Health Insurance Exchange (HIX) IT - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 33568
Companies: 41 - Players covered include Accenture PLC; CGI Group, Inc.; Cognosante, LLC; Connecture, Inc.; Deloitte Touche Tohmatsu Ltd.; Hcentive, Inc.; Infosys Ltd.; MAXIMUS, Inc.; Oracle Corporation; Xerox Corporation and Others.
Coverage: All major geographies and key segments
Segments: Component (Services, Software, Hardware); End-Use (Government Agencies, TPAs, Health Plans); Type (Public, Private Exchanges)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Health Insurance Exchange (HIX) IT Market to Reach $4.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Health Insurance Exchange (HIX) IT estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2026, growing at a CAGR of 9.1% over the analysis period. Public, one of the segments analyzed in the report, is projected to record a 9% CAGR and reach US$5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private Exchanges segment is readjusted to a revised 12.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $940.1 Million in 2021, While China is Forecast to Reach $843.1 Million by 2026
The Health Insurance Exchange (HIX) IT market in the U.S. is estimated at US$940.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$843.1 Million by the year 2026 trailing a CAGR of 8.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 7.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:Zak AliDirector, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.