Health Insurance Market is Growing with a CAGR of 4.4% in the Forecast Period of 2020-2027

The market growth is accelerating due to the factors such rising cost of healthcare services across the world in the health insurance market.

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.

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.

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.

For More Analysis on the Global Health Insurance market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-health-insurance-market

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.

Health Insurance Market

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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

Key Market Competitors Covered in the Report

  • UnitedHealth Group
  • Anthem Insurance Companies, Inc. (A Subsidiary of Anthem, Inc.)
  • Aetna Inc. (A Subsidiary of CVS Health)
  • Centene Corporation
  • Cigna
  • ALLIANZ CARE (A SUBSIDIARY OF ALLIANZ)
  • AXA
  • ASSICURAZIONI GENERALI S.P.A.
  • Bupa
  • AIA Group Limited
  • Aviva
  • BMI Healthcare
  • Broadstone Corporate Benefits Limited
  • HBF Health Limited
  • HealthCare International Global Network Ltd.
  • International Medical Group, Inc. (A Subsidiary of Sirius International Insurance Group Ltd.)
  • MAPFRE
  • Now Health International
  • Oracle
  • VHI Group
  • Vitality Corporate Services Limited (A Subsidiary Of Discovery Limited)

Above are the key players covered in the report, to know about more and exhaustive list of health insurance companies contact us: https://www.databridgemarketresearch.com/toc/?dbmr=global-health-insurance-market

Research Methodology: Global Health Insurance Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Hospitals, Clinics, Beneficiaries, Other Healthcare Service Providers, Brokers, Agents
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Related Reports

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