Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Health Insurance Market Regional Analysis

The ease in accessibility of multiple health insurance policies in North America is propelling the region to be one of the market leaders in health insurance. The United States is a major contributor to the market for health insurance, as healthcare tends to be expensive and the country offers a favourable landscape with the presence of many major players. Health insurance is also widely provided by employers in the United States as a part of job benefits, further boosting the U.S. health insurance market size.

 

Meanwhile, the Asia Pacific is expected to register significant growth in the market for health insurance in the upcoming years. This is attributed to the large population and growing economy in countries such as China and India. The growing awareness for health and improving medical infrastructure is bolstering the market in the region.

 

Health Insurance Market Report Snapshots

Health Insurance Market Size

Health Insurance Market Growth

Health Insurance Companies

Health Insurance Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global market for health insurance attained a value of approximately USD 1.58 trillion.

The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 2.70 trillion by 2032.

The major market drivers include increasing global population, improving consumer living standards, rising health awareness, high costs of medical facilities and treatments, and improving accessibility to medical insurance.

The key health insurance market trends include the growing geriatric population, improvements in healthcare infrastructure, and availability of specialised health insurances policies.

The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

The significant health insurance providers in the market are public and private.

The various insurance types in the market for health insurance include disease insurance, and medical insurance, among others.

The different insurance plans in the market for health insurance include health maintenance organisation (HMO), preferred provider organisation (PPO), exclusive provider organisation (EPO), point of service (POS), and health savings account (HAS), among others.

The leading coverage types of health insurance in the market include lifetime coverage and term coverage.

The major demographics in the market for health insurance are minors, adults, and senior citizens.

The significant end users of health insurance in the market include corporates, and individual, among others.

The major players in the market, according to the report, are AWP Health & Life SA, United HealthCare Services, Inc., Anthem Insurance Companies, Inc., Aetna Inc., Centene Corporation, Assicurazioni Generali S.P.A, Life Insurance Corporation of India, The Cigna Group, Health Care Service Corporation, and Humana Inc., among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

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