Reports
Global Health Insurance Market: By Provider: Public, Private; By Insurance Type: Disease Insurance, Medical Insurance, Others; By Insurance Plan; By Coverage Type; By Demographics; By End User; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Health Insurance Market Outlook
The global health insurance market attained a value of USD 1286 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6%.
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North America to be one of the Leading Markets for Health Insurance
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 health insurance industry, as it offers a favourable landscape and presence of many major players in the nation. Health insurance is also widely provided by employers in the United States as a part of job benefits, further boosting the market growth of health insurance in the country. Meanwhile, the Asia Pacific is expected to register significant growth in the health insurance industry 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 health insurance demand in the region.
Health Insurance: Market Segmentation
Health insurance provides financial leverage to the individuals availing it for their medical expenses due to consultation charges with a physician, treatment expenditure for a disease or injury. This can help the health insured person to save massive amounts of money which would have been incurred as hospitalisation, and other charges.
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On the basis of provider, the health insurance industry is bifurcated into the following:
- Public
- Private
On the basis of insurance type, the industry is classified into the following types:
- Disease Insurance
- Medical Insurance
- Others
Based on insurance plan, the market is segmented into:
- Health Maintenance Organisation (HMO)
- Preferred Provider Organisation (PPO)
- Exclusive Provider Organisation (EPO)
- Point of Service (POS)
- Health Savings Account (HSA)
- Others
Based on coverage type, the industry is bifurcated into the following:
- Lifetime Coverage
- Term Coverage
On the basis of demographics, health insurance is divided into the following:
- Minors
- Adults
- Senior Citizens
By end users, the industry is categorised into:
- Corporates
- Individual
- Others
The regional markets for health insurance industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Geriatric Population to Propel the Growth of Health Insurance Industry
The geriatric population has been rising across the world, particularly in developed economies such as European nations and the United States. The elderly population base is more vulnerable to chronic and acute illnesses due to decline in body functions. The high age group people require better and more frequent monitoring for their health conditions. Their treatment can also include expensive surgical procedures that are not easy to afford. This is leading to the burgeoning demand for the health insurance industry. The growing incidents of diseases and awareness for health is expected to boost the health insurance industry in the near future.
Key Industry Players in the Global Health Insurance Market
The report gives a detailed analysis of the following key players in the global health insurance market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Provider, Insurance Type, Insurance Plan, Coverage Type, Demographics, End User, Region |
| Breakup by Provider | Public, Private |
| Breakup by Insurance Type | Disease Insurance, Medical Insurance, Others |
| Breakup by Insurance Plan | Health Maintenance Organisation (HMO), Preferred Provider Organisation (PPO), Exclusive Provider Organisation (EPO), Point of Service (POS), Health Savings Account (HSA), Others |
| Breakup by Coverage Type | Lifetime Coverage, Term Coverage |
| Breakup by Demographics | Minors, Adults, Senior Citizens |
| Breakup by End User | Corporates, Individual, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Health Insurance Market Analysis
8.1 Key Industry Highlights
8.2 Global Health Insurance Historical Market (2018-2022)
8.3 Global Health Insurance Market Forecast (2023-2028)
8.4 Global Health Insurance Market by Provider
8.4.1 Public
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Private
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Health Insurance Market by Insurance Type
8.5.1 Disease Insurance
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Medical Insurance
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Health Insurance Market by Insurance Plan
8.6.1 Health Maintenance Organisation (HMO)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Preferred Provider Organisation (PPO)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Exclusive Provider Organisation (EPO)
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Point of Service (POS)
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Health Savings Account (HSA)
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Health Insurance Market by Coverage Type
8.7.1 Lifetime Coverage
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Term Coverage
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Health Insurance Market by Demographics
8.8.1 Minors
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Adults
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Senior Citizens
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.9 Global Health Insurance Market by End User
8.9.1 Corporates
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Individual
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Others
8.10 Global Health Insurance Market by Region
8.10.1 Market Share
8.10.1.1 North America
8.10.1.2 Europe
8.10.1.3 Asia Pacific
8.10.1.4 Latin America
8.10.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 AWP Health & Life SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 United HealthCare Services, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Anthem Insurance Companies, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Aetna Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Centene Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Assicurazioni Generali S.P.A
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Life Insurance Corporation of India
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
List of Key Figures and Tables
1. Global Health Insurance Market: Key Industry Highlights, 2018 and 2028
2. Global Health Insurance Historical Market: Breakup by Provider (USD Billion), 2018-2022
3. Global Health Insurance Market Forecast: Breakup by Provider (USD Billion), 2023-2028
4. Global Health Insurance Historical Market: Breakup by Insurance Type (USD Billion), 2018-2022
5. Global Health Insurance Market Forecast: Breakup by Insurance Type (USD Billion), 2023-2028
6. Global Health Insurance Historical Market: Breakup by Insurance Plan (USD Billion), 2018-2022
7. Global Health Insurance Market Forecast: Breakup by Insurance Plan (USD Billion), 2023-2028
8. Global Health Insurance Historical Market: Breakup by Coverage Type (USD Billion), 2018-2022
9. Global Health Insurance Market Forecast: Breakup by Coverage Type (USD Billion), 2023-2028
10. Global Health Insurance Historical Market: Breakup by Demographics (USD Billion), 2018-2022
11. Global Health Insurance Market Forecast: Breakup by Demographics (USD Billion), 2023-2028
12. Global Health Insurance Historical Market: Breakup by End User (USD Billion), 2018-2022
13. Global Health Insurance Market Forecast: Breakup by End User (USD Billion), 2023-2028
14. Global Health Insurance Historical Market: Breakup by Region (USD Billion), 2018-2022
15. Global Health Insurance Market Forecast: Breakup by Region (USD Billion), 2023-2028
16. North America Health Insurance Historical Market: Breakup by Country (USD Billion), 2018-2022
17. North America Health Insurance Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Europe Health Insurance Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Europe Health Insurance Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Asia Pacific Health Insurance Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Asia Pacific Health Insurance Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Latin America Health Insurance Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Latin America Health Insurance Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Middle East and Africa Health Insurance Historical Market: Breakup by Country (USD Billion), 2018-2022
25. Middle East and Africa Health Insurance Market Forecast: Breakup by Country (USD Billion), 2023-2028
26. Global Health Insurance Market Structure
Key Questions Answered in the Report
In 2020, the global health insurance market attained a value of nearly USD 1286 billion.
The market is projected to grow at a CAGR of 6% between 2023 and 2028.
The major industry drivers include the 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 industry trends guiding the market growth include the growing geriatric population, which is more vulnerable to chronic and acute conditions.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The significant health insurance providers include public and private.
The major insurance types include disease insurance, medical insurance, and others.
The different insurance plans include health maintenance organisation (HMO), preferred provider organisation (PPO), exclusive provider organisation (EPO), point of service (POS), health savings account (HAS), and others.
The different coverage types include lifetime coverage and term coverage.
The major segments based on demographics include minors, adults, and senior citizens.
The major end users include corporates, individual, and others.
The major players in the industry 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, and others.
Analyst Review
The global health insurance market attained a value of USD 1286 billion in 2020, driven by the growing elderly population, which is prone to various chronic and acute health conditions. Aided by the rising health awareness among individuals and improved accessibility to health insurance, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By provider, the market can be classified into public and private. Based on insurance type, the global health insurance industry can be segmented into disease insurance, medical insurance, and others. Based on insurance plan, the market can be divided into health maintenance organisation (HMO), preferred provider organisation (PPO), exclusive provider organisation (EPO), point of service (POS), health savings account (HAS), and others. By coverage type, the market can be distributed into lifetime coverage and term coverage. On the basis of demographics, the market is segmented into minors, adults, and senior citizens. Based on end user, the market is further classified into corporates, individual, and others. The major regional markets for health insurance are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include 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, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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