This Global Health Insurance Market research report identifies, estimates, and analyses the emerging trends along with major drivers, restraints, challenges and opportunities in the market. Estimations of CAGR values, market drivers and market restraints helps businesses decide upon several strategies. The use of proven tools such as SWOT analysis and Porter’s Five Forces analysis are very helpful in creating such a top-notch Global Health Insurance Market research report. The research and analysis carried out in this Global Health Insurance Market report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis.
Health insurance market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 2,259,670.09 million by 2027 growing at a CAGR of 4.4% in the above-mentioned forecast period. The growing cost of healthcare and need for efficient flow of processes without the inconvenience caused due to payment processes will help in driving the growth of the health insurance market.
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Global Health Insurance Market Scenario
According to Data Bridge Market Research, in the market for health insurance, the market leader UnitedHealth Group accounts an estimated market share of approximately 10% to 15% in the global health insurance market. In North America health insurance market, an estimated market share of approximately 30% to 33% is held by UnitedHealth Group which is a leader in health insurance in the U.S. Additionally, the company is continuously involved in the business expansion activities to increase its global and regional presence in health insurance policies. The health insurance sales revenue of United Health Group has increased drastically by approximately 12% as compared to 2018 to generate sales revenue of USD 226 billion in 2019.
In November 2019, UnitedHealth Group care announced that the company will open 14 UnitedHealthcare Medicare services centers in partnership with Walgreens. The move will help the company to provide access to its services to a greater pool of customers.
Health Insurance Market has shown an increase in number of policy holders due to the government is taking initiatives and growing number of local and global insurance providers to cater the demand. However, high cost of premiums and complicated reimbursement processes are expected to restrict the growth of the market.
Key Pointers Covered in the Global Health Insurance Market Industry Trends and Forecast to 2027
Insurance Market Size
Regulatory Framework and Changes
Market Shares in Different Regions
Developments for Market Competitors
Market Value for Different Regions
Sales Data for Market Competitors
key Vendors and Disruptors Study
The Health Insurance report provides insights on the following pointers:-
Learn about the market strategies that are being adopted by your competitors and leading organizations
Market Penetration: Comprehensive information on the product portfolios of the top players in the market
To gain insightful analyses of the market and have a comprehensive understanding of the “Health Insurance” and its commercial landscape
Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Health Insurance
To understand the future outlook and prospects for Health Insurance analysis and forecast.
Trends Impacting the Market
Now the question is which are the other regions that UnitedHealth Group and Aetna, Inc. (a subsidiary of CVS Health) are targeting? Data Bridge Market Research has forecasted a large growth in North America health insurance market and the market leaders targeting U.S. and Canada to be their next revenue pockets for 2020.
The health insurance market is becoming more competitive every year with companies like UnitedHealth Group and Anthem Insurance Companies, Inc. (A Subsidiary of Anthem, Inc.) that are the market leaders for health insurance along with a large number of home-grown companies across different countries. The Data bridge market research new reports highlight the major growth factors and opportunities in the global health insurance market.
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Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Industry Insights
Technological and innovation landscape
Scope of the Global Health Insurance market
All country based analysis of the global health insurance market is further analyzed based on maximum granularity into further segmentation. On the basis of type, services, level of coverage, service providers, health insurance plans, demographics, coverage type, end user and distribution channel.
On the basis of type, the market is segmented into products and solutions. On the basis of services, the market is segmented into inpatient treatment, outpatient treatment, medical assistance and others. On the basis of level of coverage, the market is segmented into bronze, silver, gold and platinum. On the basis of service providers, the market is segmented into public health insurance providers and private health insurance providers. On the basis of health insurance plans, the market is segmented into point of service (POS), exclusive provider organization (EPOS), indemnity health insurance, health savings account (HSA), qualified small employer health reimbursement arrangements (QSEHRAS), preferred provider organization (PPO), health maintenance organization (HMO) and others. On the basis of demographics, the market is segmented into adults, minors and senior citizens. On the basis of coverage type, the market is segmented into lifetime coverage and term coverage. On the basis of end user, the market is segmented into corporates, individuals and others. On the basis of distribution channel, the market is segmented into direct sales, financial institutions, e-commerce, hospitals, clinics and others. On the basis of countries, the market is segmented into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel South Africa, Rest of Middle East and Africa.
Key Market Competitors Covered in the Report
Anthem Insurance Companies, Inc. ,
Aetna Inc. ,
ALLIANZ CARE ,
ASSICURAZIONI GENERALI S.P.A.
AIA Group Limited
Broadstone Corporate Benefits Limited
HBF Health Limited
HealthCare International Global Network Ltd.
International Medical Group, Inc. (A Subsidiary of Sirius International Insurance Group Ltd.)
Now Health International
Vitality Corporate Services Limited (A Subsidiary Of Discovery Limited)
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