PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1118061
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1118061
According to SPER Market Research, the Hospital Cash Benefit Insurance Market is estimated to reach USD 122.11 billion by 2030 with a CAGR of 14.8%.
The main types of hospital cash benefit insurance are a rider, standalone cover, and part of health insurance. The hospital's cash benefit insurance provides a certain fixed amount to the insured during their hospital stay, which the person is free to use as per his/her need. Hence, an increase in out-of-the-pocket health care expenditure aids in the growth of the hospital's daily cash benefit insurance market. The inability to cover the complete medical treatment expenses is anticipated to hinder the hospital's cash benefit insurance market`s growth. On average, the hospital's daily cash benefit insurance provides the insured with an amount ranging from $100 to $3000 per day which is not sufficient for the complete coverage of the treatment making it a supplement to the health insurance plans. Apollo Munich health insurance is an India-based company formed by the collaboration between Apollo Hospitals and Munich which offers services such as life, health, accident, and travel insurance.
Impact of COVID-19 on the Hospital Cash Benefit Insurance Market
COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global hospital cash benefit insurance market as it emerges from the COVID-19 shutdown.
Scope of the report:
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Term of coverage, By Benefit, By Type, By Service
Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered
Aetna Inc., AIA Insurance Group, Allianz SE, Apollo Munich Health Insurance, Assicurazioni Generali S.p.A., Aviva plc, AXA, Cigna Corporation, Express Scripts Holding Company, ICICI Lombard General Insurance Company, International Medical Group, Religare Health Insurance Company Limited, Star Health Insurance, United Health Group Inc., Zurich Insurance Group Ltd.
Hospital Cash Benefit Insurance Market, By Term of coverage:
Based on the term of coverage, Hospital Cash Benefit Insurance Market is segmented as; Rider, Standalone cover, Part of health insurance.
Hospital Cash Benefit Insurance Market, By Benefit:
Based on the benefit, Hospital Cash Benefit Insurance Market is segmented as; Lifetime coverage, Term Insurance.
Hospital Cash Benefit Insurance Market Global, By Type:
Based on the type, Hospital Cash Benefit Insurance Market is segmented as; Emergency admission, Accident, Medical treatment, Surgery
Hospital Cash Benefit Insurance Market, By Service:
Based on the services, Hospital Cash Benefit Insurance Market is segmented as; Public, Private
Hospital Cash Benefit Insurance Market, By Region:
The regions covered in the hospital cash benefit insurance market report are North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
11.5.4 Recent developments