New York, June 3, 2021 (GLOBAL) – Reportlinker.com announces the Global Health Insurance Market by Insurance Company Type, by Coverage Type, by Coverage Period, by Purchase Method, by End Users, by Region , competition, forecast and opportunity, 2026 “- https://www.reportlinker.com/p06089416/?utm_source=GNW
In 2020, the global health insurance market is valued at $ 1,721 billion and is projected to grow by an average of 8.55%. The global health insurance market is driven by the growing prevalence of chronic diseases such as diabetes, cardiovascular disease, kidney disease, cancer and others, and has dramatically increased the number of patients and hospital admissions. This, in turn, increases health care costs borne by patients, thereby increasing the demand for health policies that cover critical illness and treatment. In addition, health insurance regulations for employees in various private and public sectors are expected to drive market growth. In addition, the sudden outbreak and spread of the COVID-19 pandemic has forced many health insurance companies to expand their health insurance coverage, especially in the United States. In addition, Chinese health insurance companies are now providing coverage for the consequences of COVID-19 in their insurance plans, as the disease has been found to cause long-term organ damage. What’s more, the introduction of cutting edge treatments and treatment options in the healthcare industry is expected to create lucrative opportunities for market growth through 2026.
People’s unhealthy lifestyles have led to an increase in the number of people suffering from chronic diseases and an increase in the number of road accidents, as well as health costs such as high drug costs, among other things. This sector is fueled by GDP growth in many countries.
The increased demand for health insurance has been a result of higher costs for quality health care and medical services, especially in private hospitals. If a person does not have benefits, the cost of hospital treatment is enough to drain their savings.
This requires the purchase of health insurance.
The global health insurance market is segmented by type of insurance company, type of coverage, duration of coverage, method of purchase, end-users, company, and region. Depending on the type of insurance companies, the global health insurance market can be divided into public ones. , private and autonomous health insurance companies.
Among them, the government segment is expected to dominate the market as they provide affordable treatment options that do not include additional deductibles. According to the coverage period, the market can be divided into lifelong and long-term.
Of these, the lifelong segment is expected to dominate the market due to the growing prevalence of chronic diseases.
Regionally, the global health insurance market has been segmented into Asia Pacific, North America, South America, Europe, the Middle East and Africa. Among these regions, the Asia-Pacific region is expected to see a significant increase in general health insurance coverage. market due to rising health care costs and expensive medical facilities in the region.
In addition, the growing demand for health insurance policies, especially in countries like China and India, is expected to drive the market in populous countries in the coming years.
Major players in the global health insurance market include UnitedHealth Group, CVS Health, Anthem Inc., Cigna Corporation, Allianz Group, AXA Equitable Life Insurance Company and others. Companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service development.
Years covered for this report:
Historical years: 2016-2019
Base year: 2020
Settlement Year: 2021E
Forecast period: 2022-2026F
Purpose of the study:
• Analyze the historical growth in the size of the global health insurance market from 2016 to 2020.
• Estimate and forecast the size of the global health insurance market from 2021 to 2026 and growth rates until 2026.
• Classify and forecast the global health insurance market based on the type of insurance company, type of coverage, duration of coverage, method of purchase, end-users, company, and regional distribution.
• Identify the dominant region or segment in the global health insurance market.
• Identify the driving forces and challenges for the global health insurance market.
• Study competitive developments such as expansion, new product launches, mergers and acquisitions, etc. in the global health insurance market.
• Identify and analyze the profile of the leading players in the global health insurance market.
• Identify key sustainable strategies adopted by the global health insurance market participants.
The analyst conducted both primary and comprehensive secondary research for this study. Initially, the analyst compiled a list of service providers around the world.
Subsequently, the analyst conducted initial research of the identified companies. During the interviews, respondents were also asked questions about their competitors.
With this method, the analyst can include service providers that cannot be identified due to the limitations of secondary research. The analyst studied service providers, vendors and the presence of all major players around the world.
The analyst calculated the size of the global health insurance market using a bottom-up approach, in which data for different segments of end users were recorded and projected for future years. The analyst obtained these values from industry experts and company representatives and verified them externally by analyzing historical data for these types of products and applications to determine the appropriate overall market size.
The analyst also examined various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial statements.
Key target audience:
• Health insurance providers, sellers and other interested parties
• Government bodies such as regulators and politicians.
• Organizations, forums and unions related to health insurance
• Marketing and consulting firms
The study is useful for providing answers to several critical questions that are important to industry stakeholders such as service providers, suppliers, partners, end users, etc., in addition to enabling them to define investment strategies and capitalize on market opportunities.
Scope of the report:
In this report, the global health insurance market has been divided into the following categories in addition to industry trends, which are also detailed below:
• World health insurance market, by type of insurance company:
o Autonomous insurance companies
• World health insurance market, by type of coverage:
• The global health insurance market, by duration:
o Service life
• Global health insurance market, by purchase method:
o Insurance agent
o Direct representatives of the company
o Internet portal
• Global health insurance market by end users:
o elderly people
• Global health insurance market, by region:
o North America
o Asia Pacific
o South America
o Middle East and Africa
Company Profiles: A detailed analysis of the main companies present in the global health insurance market.
With market data, we offer customizations according to the specific needs of the company. The following setting options are available for the report:
Information about the company
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06089416/?utm_source=GNW
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