The global health insurance market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years.
New York, Feb. 23, 2021 (GLOBE NEWSWIRE) -- The global health insurance market grew at a CAGR of around 5% during 2015-2020. Health insurance refers to a type of insurance that periodically charges a predefined amount from the individual and pays for medical and surgical expenses incurred by the policyholder in case of a medical emergency. A health insurance plan usually covers services such as diagnosis and treatment for chronic ailments, psychiatric care, emergency evacuation, in-patient and out-patient treatment, maternity, dental care, etc. Nowadays, several health insurance companies offer health coverage, wherein medical supervision is provided at home for specific ailments.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.imarcgroup.com/health-insurance-market
Global Health Insurance Market Trends:
The increasing costs of healthcare services, in confluence with the growing prevalence of diabetes, cancer, stroke and kidney failure, represent one of the key factors escalating the demand for health insurance worldwide. Moreover, governing agencies of several countries are making it necessary for employers to provide health insurance to their employees. These agencies are also enforcing laws that mandate international health insurance for tourists. Apart from this, the rising geriatric population is promoting the adoption of government health insurance programs or schemes offered at low premium rates. Furthermore, growing health awareness and improving healthcare infrastructure are other factors bolstering the market growth. Besides this, various companies are providing cover for medical expenses incurred during the treatment of the coronavirus disease (COVID-19). They are also focusing on digitizing claim processing and policy management, which is anticipated to influence the market positively in the coming years. Looking forward, IMARC Group expects the global health insurance market to exhibit moderate growth during the next five years.
The health insurance market report has segmented the market on the basis of Provider, Type, Plan Type, Demographics, Provider Type, End Use, and Region.
Ask for Customization: https://www.imarcgroup.com/request?type=report&id=3051&flag=E
Breakup by Provider:
Breakup by Type:
Breakup by Plan Type:
Critical Illness Insurance
Family Floater Health Insurance
Breakup by Demographics:
Breakup by Provider Type:
Preferred Provider Organizations (PPOs)
Point of Service (POS)
Health Maintenance Organizations (HMOs)
Exclusive Provider Organizations (EPOs)
Breakup by Region:
Middle East and Africa
Have Any Query? Speak to Analyst at https://www.imarcgroup.com/request?type=report&id=3051&flag=C
The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include Aetna Inc. (CVS Health Corporation), AIA Group Limited, Allianz SE, Aviva Plc, Berkshire Hathaway Inc., Cigna Corporation, International Medical Group Inc. (Sirius International Insurance Group Ltd.), Prudential Plc, United Health Group Inc., and Zurich Insurance Group AG.
Related Research Insights:
Governance, Risk and Compliance Platform Market Size, Share, Industry Analysis by Deployment Model (On-Premises, Cloud), Solution (Audit Management, Risk Management, Policy Management, Compliance Management, Others), Component (Software, Services), Service (Integration, Consulting, Support), End User (Small Enterprise, Medium Enterprise, Large Enterprise), Industry Vertical (BFSI, Construction and Engineering, Energy and Utilities, Government, Healthcare, Manufacturing, Retail and Consumer Goods, Telecom and IT, Transportation and Logistics, and Others), and Regional Forecast, 2021-2026
Travel Insurance Market Size, Share, Industry Analysis by Insurance Type (Single-Trip Travel Insurance, Annual Multi-Trip Insurance, Long-Stay Travel Insurance),
Breakup by Coverage (Medical Expenses, Trip Cancellation, Trip Delay, Property Damage, Others), Breakup by Distribution Channel (Insurance Intermediaries, Banks
Insurance Companies, Insurance Aggregators, Insurance Brokers, Others), Breakup by End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers and Others), and Regional Forecast, 2021-2026
Mobile Phone Insurance Market Size, Share, Industry Analysis by Phone Type (New Phone, Refurbished), Market Breakup by Coverage (Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection), Market Breakup by Distribution Channel (Mobile Operators, Device OEMs, Retailers, Online Others), Market Breakup by End-User (Corporate, Personal and Others), and Regional Forecast, 2021-2026
Bancassurance Market Size, Share, Industry Analysis by Product Type (Life Bancassurance, Non-Life Bancassurance), Breakup by Model Type (Pure Distributor, Exclusive Partnership, Financial Holding, Joint Venture, and Others), and Regional Forecast, 2021-2026
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market intelligence in the form of research reports, production cost reports and feasibility studies.
CONTACT: Company Name: IMARC Services Private Limited Contact Person: Elena Anderson Email: firstname.lastname@example.org USA: +1-631-791-1145 | Europe & Africa: +44-702-409-7331 | Asia: +91-120-433-0800 Address: 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group