The global health insurance market was valued at USD 1.68 Trillion in 2025, driven by the increasing prevalence of chronic diseases and expanding awareness and adoption of health insurance policies across the globe. The market is anticipated to grow at a CAGR of 6.20% during the forecast period of 2026-2035, with the values likely to reach USD 3.07 Trillion by 2035. The market is driven by rising demand for affordable healthcare access, regulatory reforms supporting private insurers, and increasing digitalization, which enhances claim processing and customer engagement during the forecast period.
Base Year
Historical Period
Forecast Period
In April 2025, Oman launched the Dhamani national health insurance platform, streamlining claims and boosting efficiency across 33 hospitals. This digital integration is expected to enhance market transparency and accelerate health insurance market growth globally.
One of the major market trends includes rising health insurance literacy initiatives. For instance, in April 2025, Daman launched a nationwide campaign in the UAE to improve public understanding, driving higher insurance adoption and market growth.
In March 2025, LIC entered advanced talks to acquire a stake in a stand-alone health insurance firm. This potential market entry is expected to stimulate competition and contribute to the growth of the global health insurance market.
Compound Annual Growth Rate
6.2%
Value in USD Trillion
2026-2035
*this image is indicative*
Health insurance plays a vital role in ensuring access to quality healthcare while minimizing out-of-pocket expenses for individuals and families. It supports timely medical intervention and promotes preventive care, contributing to improved public health outcomes. The global market for health insurance is witnessing steady expansion, driven by increasing healthcare awareness, rising chronic disease cases, and supportive government policies. Growing demand for digital health solutions and private sector participation further accelerates market growth. The market is poised to grow at a CAGR of 6.20% during the forecast period of 2026–2035, highlighting its significance in strengthening healthcare infrastructure worldwide.
Rising Burden of Chronic Disease to Accelerate Market Growth
The increasing prevalence of chronic diseases is a significant driver accelerating the expansion of the global health insurance market. As reported by the Centers for Disease Control and Prevention (CDC) in 2024, chronic diseases such as heart disease, cancer, and diabetes account for most deaths and disabilities in the United States and contribute to over USD 4.5 trillion in annual healthcare costs. With six in ten adults affected by at least one chronic condition, the need for comprehensive and accessible health insurance coverage is growing rapidly. This mounting demand is expected to significantly propel market growth over the forecast period.
The market is experiencing several emerging trends, including the development of tailored solutions for small and medium-sized enterprises (SMEs) and the growing geriatric population.
Customized SME Solutions to Accelerate the Market Expansion
The market is experiencing a notable trend toward personalized, modular insurance plans designed for small and medium-sized enterprises (SMEs) with international teams. As global mobility increases, businesses are demanding flexible healthcare solutions that support employees across borders. In November 2024, a major insurer launched a scalable plan tailored for SMEs with 1–74 employees, featuring a digital health app and a tap-and-go payment system. This shift toward customizable and tech-driven offerings is expected to accelerate market growth by aligning coverage with modern workforce dynamics.
Rising Geriatric Population to Boost the Health Insurance Market Demand
The rising geriatric population is a significant trend driving the market growth. According to the World Health Organization (WHO), as of 2020, there were 1 billion individuals aged 60 years and above, a number projected to reach 1.4 billion by 2030. By 2050, this figure is expected to double to 2.1 billion. This demographic shift, highlighted in a WHO report released in October 2023, underlines the increasing demand for accessible and comprehensive health coverage. The growing elderly population is anticipated to substantially enhance market growth in the coming years.
Adults are Expected to Dominate the Market Dominance Based on the Demographics
The market is segmented into minors, adults, and senior citizens. Among these, adults are expected to lead due to growing health awareness, increasing employment-based coverage, and rising demand for private healthcare. In the United Kingdom, private medical insurance among adults rose to 14% in 2024, totaling 7.6 million people, according to Broadstone. With NHS waiting lists exceeding 7.4 million, more mid-career adults are opting for private health plans, fueling market growth.
The regions included in the report are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The market is witnessing notable regional growth, with North America leading due to high healthcare spending, advanced infrastructure, and supportive policy initiatives. In the United States, enhanced premium subsidies under the Affordable Care Act led to a record 21 million people enrolling in marketplace plans in 2024, as reported by the Commonwealth Fund in November 2024. This reflects the region’s commitment to expanding coverage, improving affordability, and ensuring access to quality healthcare for a broad population .
The key features of the market report comprise strategic initiatives by the leading players. The major companies in the market are as follows:
UnitedHealth Group, a leading player in the health insurance market, offers a comprehensive range of Medicare plans through its UnitedHealthcare division. These include Medicare Advantage plans, Prescription Drug Plans (Part D), Medicare Supplement Insurance (Medigap), and Special Needs Plans (C-SNPs and D-SNPs). As the top provider of Medicare plans in the United States, the company continues to expand its offerings to support diverse healthcare needs, particularly for aging and dual-eligible populations.
AXA is a leading player in the health insurance market, offering comprehensive international medical coverage through AXA Global Healthcare. The company provides tailored insurance solutions, including annual, long-term, and short-term plans, with access to over 2.1 million healthcare providers in various countries. Its offerings include emergency care, virtual doctor consultations, mental health support, and second medical opinions, underscoring AXA’s commitment to delivering seamless, worldwide healthcare access.
CVS Health, through its subsidiary Aetna®, plays a significant role in the Global Health Insurance Market by offering a wide range of health coverage solutions, including commercial, Medicaid, Medicare, vision, and dental plans. The company enhances member access through over 1,000 MinuteClinic® locations, virtual care, in-home health support, and predictive analytics-driven management tools like Aetna One®, aiming to improve outcomes and reduce costs.
Ping An Insurance Group, a leading Chinese insurer, plays a prominent role in the global health insurance market through its subsidiaries, Ping An Life, Ping An Annuity, and Ping An Health Insurance. The company’s “insurance + service” model integrates health and senior care with financial protection. In 2024, Ping An provided health management services to nearly 16 million customers and launched premium senior care communities, enhancing access to personalized, long-term care solutions.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market are The Cigna Group, Aetna, Niva Bupa, Humana Inc., and Life Insurance Corporation of India.
"Health Insurance Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Provider
Market Breakup by Coverage
Market Breakup by Demographics
Market Breakup by Mode
Market Breakup by End User
Market Breakup by Distribution Channel
Market Breakup by Region
Vietnam Cyber Insurance Market
Vietnam Travel Insurance Market
Philippines Health Insurance Market
Philippines Travel Insurance Market
Aviation Insurance Market
India Insurance Market
India Motor Insurance Market
India Life Insurance Market
Europe Motor Insurance Market
United States Life Insurance Market
United Kingdom Motor Insurance Market
Upto 15% Off
USD
$3299 $2969
$5499 $4949
$6999 $5949
$8199 $6969
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Provider |
|
| Breakup by Coverage |
|
| Breakup by Demographics |
|
| Breakup by Mode |
|
| Breakup by End User |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 3,299
USD 2,969
tax inclusive*
Single User License
One User
USD 5,499
USD 4,949
tax inclusive*
Five User License
Five User
USD 6,999
USD 5,949
tax inclusive*
Corporate License
Unlimited Users
USD 8,199
USD 6,969
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share