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(MoneyNewsWire.Net, May 31, 2018 ) The global health insurance market is expected to exceed USD xx million by 2025 primarily due to increasing number of investments in the healthcare sector.
Growing geriatric population globally, government initiatives towards health insurance, emerging markets policies towards novel and generic insurance plans have been supporting the growth of health insurance industry. Economic growth, initiatives by government bodies, rising incidences of chronic illnesses, and growing geriatric population are some of the key factors driving the growth of the global health insurance market.
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Health insurance is one of the fastest growing segments of the overall insurance sector market globally. Health insurance is a policy which covers an individual, partly or wholly, for his medical expenses arising due to different reasons such as hospitalization or surgeries.
Reasons for the study
The objective of the study is to provide a detailed analysis of the global health insurance market
While studying the overall insurance market, we observed that healthcare insurance outpaced all other types of services including life
We observed that the number of consumers opting for insurance has been on a rise due to the availability of choice of coverage plans, which allows these customers to cover the costs associated with existing as well as chronic diseases which may develop at a later stage
With increasing awareness, we observed that healthcare insurance is being bought by several consumers below the age of 30 years as it covers numerous diseases at a low yearly premium
Read more details of the report at: http://orbisresearch.com/reports/index/global-health-insurance-market-2018-2025-key-industry-insights-segments-opportunities-and-forecasts
Health Insurance is a well-defined market; however, this has been limited only to the North American and European nations. Countries are realizing the importance of health insurance and governments are taking apt steps in creating awareness in masses. Nation-wide policies such as Obamacare in the U.S. and Modicare (National Health Protection Scheme (NHPS)) in India are likely to drive the growth of the global market.
Government bodies have also initiated digitalization and supported the infrastructural development leading high-speed data flow and analysis resulting in a well-defined insurance architecture. The collaboration between Aetna and CVS is a very good example of how the insurance companies are trying to explore potential benefits for an individual and extending their reach, thus leading to exponential growth in the health insurance market globally.
Cigna Corporation, AIA Insurance Group, United Health Group, Express Scripts Holding Company, Aetna, In, Apollo Munich Health Insurance among others are some of the key players present in the global health insurance market.
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Key segments of the upcoming report
Distribution Channel Overview, 2015 – 2025 (USD Million)
Direct writing
Intermediates (Including agents & brokers)
Bancassurance & others
The report analyzes several players in the market, some of which include:
Cigna Corporation
AIA Insurance Group
UnitedHealth Group
Aetna, Inc.
Apollo Munich Health Insurance
Others
What does the report include?
The health insurance market report covers different plans such as accident, medical expense, disability, accidental death, and dismemberment insurance. The report covers government initiatives and recent collaborations between pharmacies and insurance companies that will affect the dynamics of the market at a global level.
Market factors such as drivers, restraints, and opportunities have been discussed in the study
A separate section in the study addresses the regulatory framework across various countries which have a prominent place in the global health insurance market
The study analyses the market using Porter’s Five Forces Model. The value chain for the market has been analyzed to provide details regarding integration of products and services, if any.
Global, regional, and country-level market sizing and projections have been covered in the report
Profiles of key healthcare insurance provider have been covered in the report
Who should buy this report?
This study is suitable for industry participants and stakeholders, who want an in-depth insight into the dynamics of the global health insurance market. The report will benefit:
Public as well as private insurance companies, brokers, insurance agents, regulatory authorities, policy-makers, etc.
Investors looking to invest in healthcare insurance companies
Decision makers across various insurance companies
Analysts, researchers, educators, and academic institutions looking for insights into the market to determine future strategies
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