Global Health Insurance Market Report 2021: Analysis, Forecasts, Competitive Landscape, Opportunities 2016-2026
The Global Health Insurance Market was valued
The Global Health Insurance Market is driven by the growing prevalence of chronic diseases such as diabetes, cardiovascular diseases, renal disorders, cancer, among others, and has drastically increased the patient pool and rate of hospitalization.
This in turn increases the healthcare expenditure incurred by the patients, thereby increasing the demand for healthcare policies covering critical illnesses and treatments. Additionally, mandates about health insurance of employees in different private and public sectors are further expected to fuel the market growth.
Furthermore, the sudden outbreak and spread of the COVID-19 pandemic has made many health insurance policy provider companies expand coverage for the disease in healthcare policies, especially in
Moreover, the adoption of advanced techniques and treatment options in the healthcare industry is further expected to create lucrative opportunities for the market growth through 2026F.
The unhealthy lifestyle patterns of people have resulted in an increase in the number of people suffering from chronic illnesses and an increase in the number of road accidents, and healthcare costs such as high medication costs, among other things. The expansion of the Global Health Insurance Market has been fueled by rising GDP in many countries. Increased demand for health insurance has resulted from increasing costs of quality healthcare and medical services, especially in private hospitals.
The Global Health Insurance Market is segmented into type of insurance provider, type of coverage, term of coverage, mode of purchase, end-users, company and region. Based on type of insurance providers, the Global Health Insurance Market can be categorized into public, private, and standalone health insurers.
Among these, the public segment is expected to dominate the market since they provide affordable treatment options which do not include extra deductibles. Based on the term of coverage, the market can be grouped into lifetime and term. Out of these, the lifetime segment is expected to dominate the market owing to the growing prevalence of chronic diseases.
Major players operating in the Global Health Insurance Market include
- UnitedHealth Group
- Anthem, Inc
- CVS Health
- Cigna Corporation
Allianz Group Axa S.A. - Munich Re Group
- Ping An Insurance (Group) Company of China, Ltd.
- Zurich Insurance Group
Report Scope:
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021E
- Forecast Period: 2022F-2026F
Global Health Insurance Market, By Type of Insurance Provider:
- Public
- Private
- Standalone Health Insurers
Global Health Insurance Market, By Type of Coverage:
- Individual
- Family
Global Health Insurance Market, By Term of Coverage:
- Lifetime
- Term
Global Health Insurance Market, By Mode of Purchase:
- Insurance Agent
- Direct Company Representatives
- Online Portal
Global Health Insurance Market, By End-Users:
- Adults
- Minors
- Senior Citizens
Global Health Insurance Market,
North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Europe Germany United Kingdom France Italy Spain Netherlands South America Brazil Argentina Colombia Middle East &Africa Saudi Arabia UAE South Africa Kuwait
For more information about this report visit https://www.researchandmarkets.com/r/xakp89
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