The "Health and Medical Insurance Providers: Global Markets" report has been added to ResearchAndMarkets.com's offering.
The global market for health and medical insurance providers is expected to grow from $2.2 trillion in 2023 to $3.4 trillion by the end of 2028, at a compound annual growth rate (CAGR) of 8.9% during the forecast period of 2023 to 2028. The growth of the global market is attributed to factors such as increasing chronic diseases, health insurance reforms, increasing geriatric population and economic growth.
The global market for health and medical insurance providers is expansive and continually evolving, reflecting significant trends and growth patterns. From 2020 to 2022, market revenue showed steady increases, with estimates for 2023 indicating continued growth. Projections through 2028 suggest a robust compound annual growth rate (CAGR), underpinned by various market dynamics and emerging trends.
An evaluation of the current market size reveals strong revenue growth prospects for health and medical insurance providers. This growth is analyzed by provider type and region, offering a detailed market share analysis. Provider segments include traditional insurance companies, HMOs (Health Maintenance Organizations), PPOs (Preferred Provider Organizations), and other specialized health insurers.
The market outlook presents numerous opportunities for major listed companies, which are adopting diverse strategies to enhance their market presence. These strategies include mergers and acquisitions, technological innovations, expanding product portfolios, and strategic partnerships aimed at improving customer engagement and operational efficiencies.
A comprehensive market share analysis of key companies within the health and medical insurance sector provides insights into the competitive landscape. This analysis highlights the market positions of leading players and their relative strengths. The discussion on market opportunities emphasizes the potential for growth in emerging markets, driven by rising healthcare costs, increasing awareness of health insurance benefits, and supportive regulatory frameworks. Additionally, advancements in digital health technologies and telemedicine are creating new avenues for insurers to offer innovative products and services, catering to the evolving needs of consumers.
Overall, the global health and medical insurance market is set for continued expansion, with significant opportunities for both established and emerging players. The strategic actions of major companies, coupled with favorable market conditions, are expected to drive sustained growth and enhance the accessibility and affordability of health insurance worldwide.
Key Highlights
- The agents and brokers segment will dominate the market for health and medical insurance providers, but direct writing will grow in the future.
- The North American market for health and medical insurance providers was valued at $1.4 trillion in 2022, and will grow at a CAGR of 9% during the forecast period.
Company Profiles
- AIA Group Ltd.
- Allianz
- April
- AXA
- Bupa Global
- Centene Corp.
- Elevance Health
- Humana
- Now Health International
- Swiss Re
- The Cigna Group
- UnitedHealth Group
- William Russell
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 74 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $2.2 Trillion |
| Forecasted Market Value (USD) by 2028 | $3.4 Trillion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Overview
Chapter 3 Market Dynamics
- Market Dynamics Snapshot
-
Market Drivers
- Rising Prevalence of Chronic and Infectious Diseases
- Health Insurance Reforms
- Increasing Aged Population
- Economic Growth
-
Market Restraints
- Self-Care Diagnostics
- Limited Access to Healthcare
- Increasing Awareness of Alternative Therapies
- Free or Subsidized Healthcare
Chapter 4 Market Trends
- Shift to Outcome-based Models
- Big Data for Health Insurance Firms
- Use of AI and Automation
- Single-Disease Insurance Coverage
- Wearable Technology
- Value-Added Services
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
-
Health and Medical Insurance Providers Market, by Segment
- Overview
- Agents and Brokers
- Direct Writing
- Bancassurance and Others
- Geographic Breakdown
-
Health and Medical Insurance Providers Market, by Region
- Overview
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 6 Competitive Landscape
Chapter 7 ESG Developments
- Introduction to ESG
- Sustainability in the Health and Medical Insurance Industry
- Trends in Insurance Industry
- Regulatory Framework
- Case Study
Chapter 8 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/g6y0ue
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240604411274/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
