PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151932
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151932
Global Hospital Daily Cash Insurance Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Hospital Daily Cash Insurance is type of health insurance product that pays a fixed sum insured for each day of hospitalization of 24-hours or more. It is a fixed daily allowance paid by insurer to policyholders to cover miscellaneous expenses during hospitalization. The increasing penetration of healthcare insurance and growing hospitality rate as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to India Brand Equity Foundation (IBEF) - the market share of private sector companies in the general and health insurance market in India increased from 48.03% in FY20 to 49.31% in FY21. Moreover, as per Statista - during financial year 2019, the penetration rate of retail and group health insurance across India was estimated at approximately 9 percent, and the number is projected to increase over 28 percent by financial year 2030. Also, growing cost of medical treatment and rising prevalence of chronic & Lifestyle associated diseases would create lucrative growth prospectus for the market over the forecast period. However, the high premium cost associated with daily cash insurance and lack of awareness in developing regions impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Hospital Daily Cash Insurance Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to growing prevalence of chronic diseases as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising incidences of lifestyle diseases as well as increasing penetration of leading insurance providers in the region.
Major market players included in this report are:
Aetna Inc.
AIA Group Limited
Allianz
ASSICURAZIONI GENERALI S.P.A.
Aviva
AXA
Cigna
Ping An Insurance (Group) Company of China, Ltd.,
UnitedHealth Group
Zurich
Recent Developments in the Market:
Global Hospital Daily Cash Insurance Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Insurance Type, Coverage, Tenure, Distribution Channel, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Insurance Type
Diseases Insurance
Medical Insurance
By Coverage
Preferred Provider Organizations (PPOs)
Point of Service (POS)
Health Maintenance Organizations (HMOs)
Exclusive Provider Organizations (EPOs)
By Tenure
Short Term
Mid Term
Long Term
By Distribution Channel
Direct Sales
Brokers/Agents
Banks
Others
By End User
Group
Individuals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable