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Market Research Report

Health Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published by IMARC Services Private Limited Product code 988289
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Health Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: February 2, 2021 Content info: 141 Pages
Description

The global health insurance market grew at a CAGR of around 5% during 2015-2020. Health insurance protects an insured individual against financial losses arising due to a medical emergency. It covers medical treatment expenditures, such as ambulance charges, doctor consultation fees, and hospitalization, medicines and daycare procedures costs. The payout is generally either made on actual expenses incurred in the hospital using original medical bills or diagnosis of diseases without submitting bills. Health insurance also provides easy access to medical treatment with a cashless facility at network hospitals of the insurer. Nowadays, various health insurance companies are offering coverage for domiciliary treatment, wherein medical supervision is provided at home for specific diseases.

The increasing costs of healthcare services, in confluence with the growing prevalence of diabetes, cancer, stroke and kidney failure, represent one of the key factors escalating the demand for health insurance worldwide. Moreover, governing agencies of several countries are making it necessary for employers to provide health insurance to their employees. These agencies are also enforcing laws that mandate international health insurance for tourists. Apart from this, the rising geriatric population is promoting the adoption of government health insurance programs or schemes offered at low premium rates. Furthermore, growing health awareness and improving healthcare infrastructure are other factors bolstering the market growth. Besides this, various companies are providing cover for medical expenses incurred during the treatment of the coronavirus disease (COVID-19). They are also focusing on digitizing claim processing and policy management, which is anticipated to influence the market positively in the coming years. Looking forward, IMARC Group expects the global health insurance market to exhibit moderate growth during the next five years.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global health insurance market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, provider, type, plan type, demographics and provider type.

Breakup by Provider:

  • Private Providers
  • Public Providers

Breakup by Type:

  • Life-Time Coverage
  • Term Insurance

Breakup by Plan Type:

  • Medical Insurance
  • Critical Illness Insurance
  • Family Floater Health Insurance
  • Others

Breakup by Demographics:

  • Minor
  • Adults
  • Senior Citizen

Breakup by Provider Type:

  • Preferred Provider Organizations (PPOs)
  • Point of Service (POS)
  • Health Maintenance Organizations (HMOs)
  • Exclusive Provider Organizations (EPOs)

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Aetna Inc. (CVS Health Corporation), AIA Group Limited, Allianz SE, Aviva Plc, Berkshire Hathaway Inc., Cigna Corporation, International Medical Group Inc. (Sirius International Insurance Group Ltd.), Prudential Plc, United Health Group Inc. and Zurich Insurance Group AG.

Key Questions Answered in This Report:

  • How has the global health insurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global health insurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the provider?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the plan type?
  • What is the breakup of the market based on the demographics?
  • What is the breakup of the market based on the provider type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global health insurance market and who are the key players?
  • What is the degree of competition in the industry?
Table of Contents
Product Code: SR1020A23_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Health Insurance Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Provider Type

  • 6.1 Private Providers
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Public Providers
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Type

  • 7.1 Life-Time Coverage
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Term Insurance
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Plan Type

  • 8.1 Medical Insurance
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Critical Illness Insurance
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Family Floater Health Insurance
    • 8.3.1 Market Trends

9 Market Breakup by Demographics

  • 9.1 Minor
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Adults
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Senior Citizen
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast

10 Market Breakup by Provider Type

  • 10.1 Preferred Provider Organizations (PPOs)
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Point of Service (POS)
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Health Maintenance Organizations (HMOs)
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Exclusive Provider Organizations (EPOs)
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North America
    • 11.1.1 United States
      • 11.1.1.1 Market Trends
      • 11.1.1.2 Market Forecast
    • 11.1.2 Canada
      • 11.1.2.1 Market Trends
      • 11.1.2.2 Market Forecast
  • 11.2 Asia-Pacific
    • 11.2.1 China
      • 11.2.1.1 Market Trends
      • 11.2.1.2 Market Forecast
    • 11.2.2 Japan
      • 11.2.2.1 Market Trends
      • 11.2.2.2 Market Forecast
    • 11.2.3 India
      • 11.2.3.1 Market Trends
      • 11.2.3.2 Market Forecast
    • 11.2.4 South Korea
      • 11.2.4.1 Market Trends
      • 11.2.4.2 Market Forecast
    • 11.2.5 Australia
      • 11.2.5.1 Market Trends
      • 11.2.5.2 Market Forecast
    • 11.2.6 Indonesia
      • 11.2.6.1 Market Trends
      • 11.2.6.2 Market Forecast
    • 11.2.7 Others
      • 11.2.7.1 Market Trends
      • 11.2.7.2 Market Forecast
  • 11.3 Europe
    • 11.3.1 Germany
      • 11.3.1.1 Market Trends
      • 11.3.1.2 Market Forecast
    • 11.3.2 France
      • 11.3.2.1 Market Trends
      • 11.3.2.2 Market Forecast
    • 11.3.3 United Kingdom
      • 11.3.3.1 Market Trends
      • 11.3.3.2 Market Forecast
    • 11.3.4 Italy
      • 11.3.4.1 Market Trends
      • 11.3.4.2 Market Forecast
    • 11.3.5 Spain
      • 11.3.5.1 Market Trends
      • 11.3.5.2 Market Forecast
    • 11.3.6 Russia
      • 11.3.6.1 Market Trends
      • 11.3.6.2 Market Forecast
    • 11.3.7 Others
      • 11.3.7.1 Market Trends
      • 11.3.7.2 Market Forecast
  • 11.4 Latin America
    • 11.4.1 Brazil
      • 11.4.1.1 Market Trends
      • 11.4.1.2 Market Forecast
    • 11.4.2 Mexico
      • 11.4.2.1 Market Trends
      • 11.4.2.2 Market Forecast
    • 11.4.3 Others
      • 11.4.3.1 Market Trends
      • 11.4.3.2 Market Forecast
  • 11.5 Middle East and Africa
    • 11.5.1 Market Trends
    • 11.5.2 Market Breakup by Country
    • 11.5.3 Market Forecast

12 SWOT Analysis

  • 12.1 Overview
  • 12.2 Strengths
  • 12.3 Weaknesses
  • 12.4 Opportunities
  • 12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

  • 14.1 Overview
  • 14.2 Bargaining Power of Buyers
  • 14.3 Bargaining Power of Suppliers
  • 14.4 Degree of Competition
  • 14.5 Threat of New Entrants
  • 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 Aetna Inc. (CVS Health Corporation)
      • 16.3.1.1 Company Overview
      • 16.3.1.2 Product Portfolio
      • 16.3.1.3 SWOT Analysis
    • 16.3.2 AIA Group Limited
      • 16.3.2.1 Company Overview
      • 16.3.2.2 Product Portfolio
      • 16.3.2.3 Financials
      • 16.3.2.4 SWOT Analysis
    • 16.3.3 Allianz SE
      • 16.3.3.1 Company Overview
      • 16.3.3.2 Product Portfolio
      • 16.3.3.3 Financials
      • 16.3.3.4 SWOT Analysis
    • 16.3.4 Aviva Plc
      • 16.3.4.1 Company Overview
      • 16.3.4.2 Product Portfolio
      • 16.3.4.3 Financials
      • 16.3.4.4 SWOT Analysis
    • 16.3.5 Berkshire Hathaway Inc.
      • 16.3.5.1 Company Overview
      • 16.3.5.2 Product Portfolio
      • 16.3.5.3 Financials
      • 16.3.5.4 SWOT Analysis
    • 16.3.6 Cigna Corporation
      • 16.3.6.1 Company Overview
      • 16.3.6.2 Product Portfolio
      • 16.3.6.3 Financials
      • 16.3.6.4 SWOT Analysis
    • 16.3.7 International Medical Group Inc. (Sirius International Insurance Group Ltd.)
      • 16.3.7.1 Company Overview
      • 16.3.7.2 Product Portfolio
    • 16.3.8 Prudential Plc
      • 16.3.8.1 Company Overview
      • 16.3.8.2 Product Portfolio
      • 16.3.8.3 Financials
      • 16.3.8.4 SWOT Analysis
    • 16.3.9 United Health Group Inc.
      • 16.3.9.1 Company Overview
      • 16.3.9.2 Product Portfolio
      • 16.3.9.3 Financials
      • 16.3.9.4 SWOT Analysis
    • 16.3.10 Zurich Insurance Group AG
      • 16.3.10.1 Company Overview
      • 16.3.10.2 Product Portfolio
      • 16.3.10.3 Financials
      • 16.3.10.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Health Insurance Market: Major Drivers and Challenges
  • Figure 2: Global: Health Insurance Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: Health Insurance Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 4: Global: Health Insurance Market: Breakup by Provider Type (in %), 2020
  • Figure 5: Global: Health Insurance Market: Breakup by Type (in %), 2020
  • Figure 6: Global: Health Insurance Market: Breakup by Plan Type (in %), 2020
  • Figure 7: Global: Health Insurance Market: Breakup by Demographics (in %), 2020
  • Figure 8: Global: Health Insurance Market: Breakup by Provider Type (in %), 2020
  • Figure 9: Global: Health Insurance Market: Breakup by Region (in %), 2020
  • Figure 10: Global: Health Insurance (Private Providers) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 11: Global: Health Insurance (Private Providers) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 12: Global: Health Insurance (Public Providers) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 13: Global: Health Insurance (Public Providers) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 14: Global: Health Insurance (Life-Time Coverage) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 15: Global: Health Insurance (Life-Time Coverage) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 16: Global: Health Insurance (Term Insurance) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 17: Global: Health Insurance (Term Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 18: Global: Health Insurance (Medical Insurance) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 19: Global: Health Insurance (Medical Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 20: Global: Health Insurance (Critical Illness Insurance) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 21: Global: Health Insurance (Critical Illness Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 22: Global: Health Insurance (Family Floater Health Insurance) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 23: Global: Health Insurance (Family Floater Health Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 24: Global: Health Insurance (Minor) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 25: Global: Health Insurance (Minor) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 26: Global: Health Insurance (Adults) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 27: Global: Health Insurance (Adults) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 28: Global: Health Insurance (Senior Citizen) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 29: Global: Health Insurance (Senior Citizen) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 30: Global: Health Insurance (Preferred Provider Organizations- PPOs) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 31: Global: Health Insurance (Preferred Provider Organizations- PPOs) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 32: Global: Health Insurance (Point of Service- POS) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 33: Global: Health Insurance (Point of Service- POS) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 34: Global: Health Insurance (Health Maintenance Organizations- HMOs) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 35: Global: Health Insurance (Health Maintenance Organizations- HMOs) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 36: Global: Health Insurance (Exclusive Provider Organizations- EPOs) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 37: Global: Health Insurance (Exclusive Provider Organizations- EPOs) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 38: North America: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 39: United States: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 40: United States: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 41: Canada: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 42: Canada: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 43: North America: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 44: Asia-Pacific: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 45: China: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 46: China: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 47: Japan: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 48: Japan: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 49: India: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 50: India: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 51: South Korea: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 52: South Korea: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 53: Australia: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 54: Australia: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 55: Indonesia: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 56: Indonesia: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 57: Others: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 58: Others: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 59: Asia-Pacific: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 60: Europe: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 61: Germany: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 62: Germany: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 63: France: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 64: France: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 65: United Kingdom: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 66: United Kingdom: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 67: Italy: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 68: Italy: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 69: Spain: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 70: Spain: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 71: Russia: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 72: Russia: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 73: Others: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 74: Others: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 75: Europe: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 76: Latin America: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 77: Brazil: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 78: Brazil: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 79: Mexico: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 80: Mexico: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 81: Others: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 82: Others: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 83: Latin America: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 84: Middle East and Africa: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 85: Middle East and Africa: Health Insurance Market: Breakup by Country (in %), 2020
  • Figure 86: Middle East and Africa: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 87: Global: Health Insurance Industry: SWOT Analysis
  • Figure 88: Global: Health Insurance Industry: Value Chain Analysis
  • Figure 89: Global: Health Insurance Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Health Insurance Market: Key Industry Highlights, 2020 and 2026
  • Table 2: Global: Health Insurance Market Forecast: Breakup by Provider Type (in Million US$), 2021-2026
  • Table 3: Global: Health Insurance Market Forecast: Breakup by Type (in Million US$), 2021-2026
  • Table 4: Global: Health Insurance Market Forecast: Breakup by Plan Type (in Million US$), 2021-2026
  • Table 5: Global: Health Insurance Market Forecast: Breakup by Demographics (in Million US$), 2021-2026
  • Table 6: Global: Health Insurance Market Forecast: Breakup by Provider Type (in Million US$), 2021-2026
  • Table 7: Global: Health Insurance Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 8: Global: Health Insurance Market: Competitive Structure
  • Table 9: Global: Health Insurance Market: Key Players
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