BANKING, FINANCIAL SERVICES & INSURANCE
Global Health Insurance Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Health Insurance Market, By Service (Inpatient Treatment, Outpatient Treatment, Medical Assurance, and Others), Level of Coverage (Bronze, Silver, Gold, and Platinum), Service Provider (Public Health Insurance Providers and Private Health Insurance Providers), Health Insurance Plan (Point of Service (POS), Exclusive Provider Organization (EPOS), Preferred Provider Organization (PPO), Indemnity Health Insurance, Health Maintenance Organization (HMO), Health Savings Account (HSA), Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS), and Others), Demographics (Adults, Minors, and Senior Citizens), End User (Corporates, Individuals, and Others), Distribution Channel (Direct Sales, Financial Institutions, E-Commerce, Hospitals, Clinics, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global health insurance market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Health insurance is a type of insurance that covers medical and surgical expenditures incurred by the insured. It can also cover other health-related expenses, such as prescription medicines, preventive care, and mental health services. Health insurance can be obtained through a variety of channels, including businesses, government programmes, and individual purchases.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing awareness and health literacy
- Aging population
RESTRAINTS
- High premium costs
- Cultural and social barriers
OPPORTUNITIES
- Rising healthcare costs
- Government initiatives and regulations
CHALLENGES
- Limited healthcare infrastructure
- Political instability
SEGMENTATION
- Service
- Inpatient Treatment
- Outpatient Treatment
- Medical Assurance
- Others
- Level of Coverage
- Bronze
- Silver
- Gold
- Platinum
- Service Provider
- Public Health Insurance Providers
- Private Health Insurance Providers
- Health Insurance Plan
- Point of Service (POS)
- Exclusive Provider Organization (EPOS)
- Preferred Provider Organization (PPO)
- Indemnity Health Insurance
- Health Maintenance Organization (HMO)
- Health Savings Account (HSA)
- Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS)
- Others
- Demographics
- Adults
- Minors
- Senior Citizens
- End User
- Corporates
- Individuals
- Others
- Distribution Channel
- Direct Sales
- Financial Institutions
- E-Commerce
- Hospitals
- Clinics
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Anthem, Inc.
- United Healthcare
- Aetna
- Aviva
- Allianz
- Centene
- Cigna
- CVS Health Corporation
- Humana
- Bupa
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Health Insurance Market, by Service
- 3.2 Global Health Insurance Market, by Level of Coverage
- 3.3 Global Health Insurance Market, by Service Provider
- 3.4 Global Health Insurance Market, by Health Insurance Plan
- 3.5 Global Health Insurance Market, by Demographics
- 3.6 Global Health Insurance Market, by End User
- 3.7 Global Health Insurance Market, by Distribution Channel
- 3.8 Global Health Insurance Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Rapid urbanization
- 5.1.2 Product innovation and diversification
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing awareness and health literacy
- 5.2.2 Aging population
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High premium costs
- 5.3.2 Cultural and social barriers
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Rising healthcare costs
- 5.4.2 Government initiatives and regulations
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Limited healthcare infrastructure
- 5.5.2 Political instability
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HEALTH INSURANCE MARKET, BY SERVICE
- 6.1 Service Summary
- 6.2 Market Attractive Index
- 6.3 Global Health Insurance Market, by Service (2019-2032)
- SECTION 7 - GLOBAL HEALTH INSURANCE MARKET, BY LEVEL OF COVERAGE
- 7.1 Level of Coverage Summary
- 7.2 Market Attractive Index
- 7.3 Global Health Insurance Market, by Level of Coverage (2019-2032)
- SECTION 8 - GLOBAL HEALTH INSURANCE MARKET, BY SERVICE PROVIDER
- 8.1 Service Provider Summary
- 8.2 Market Attractive Index
- 8.3 Global Health Insurance Market, by Service Provider (2019-2032)
- SECTION 9 - GLOBAL HEALTH INSURANCE MARKET, BY HEALTH INSURANCE PLAN
- 9.1 Health Insurance Plan Summary
- 9.2 Market Attractive Index
- 9.3 Global Health Insurance Market, by Health Insurance Plan (2019-2032)
- SECTION 10 - GLOBAL HEALTH INSURANCE MARKET, BY DEMOGRAPHICS
- 10.1 Demographics Summary
- 10.2 Market Attractive Index
- 10.3 Global Health Insurance Market, by Demographics (2019-2032)
- SECTION 11 - GLOBAL HEALTH INSURANCE MARKET, BY END USER
- 11.1 End User Summary
- 11.2 Market Attractive Index
- 11.3 Global Health Insurance Market, by End User (2019-2032)
- SECTION 12 - GLOBAL HEALTH INSURANCE MARKET, BY DISTRIBUTION CHANNEL
- 12.1 Distribution Channel Summary
- 12.2 Market Attractive Index
- 12.3 Global Health Insurance Market, by Distribution Channel (2019-2032)
- SECTION 13 - GLOBAL HEALTH INSURANCE MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Health Insurance Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA HEALTH INSURANCE MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Health Insurance Market, by Service (2019-2032)
- 14.4 North America Health Insurance Market, by Level of Coverage (2019-2032)
- 14.5 North America Health Insurance Market, by Service Provider (2019-2032)
- 14.6 North America Health Insurance Market, by Health Insurance Plan (2019-2032)
- 14.7 North America Health Insurance Market, by Demographics (2019-2032)
- 14.8 North America Health Insurance Market, by End User (2019-2032)
- 14.9 North America Health Insurance Market, by Distribution Channel (2019-2032)
- 14.10 North America Health Insurance Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE HEALTH INSURANCE MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Health Insurance Market, by Service (2019-2032)
- 15.4 Europe Health Insurance Market, by Level of Coverage (2019-2032)
- 15.5 Europe Health Insurance Market, by Service Provider (2019-2032)
- 15.6 Europe Health Insurance Market, by Health Insurance Plan (2019-2032)
- 15.7 Europe Health Insurance Market, by Demographics (2019-2032)
- 15.8 Europe Health Insurance Market, by End User (2019-2032)
- 15.9 Europe Health Insurance Market, by Distribution Channel (2019-2032)
- 15.10 Europe Health Insurance Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC HEALTH INSURANCE MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Health Insurance Market, by Service (2019-2032)
- 16.4 Asia-Pacific Health Insurance Market, by Level of Coverage (2019-2032)
- 16.5 Asia-Pacific Health Insurance Market, by Service Provider (2019-2032)
- 16.6 Asia-Pacific Health Insurance Market, by Health Insurance Plan (2019-2032)
- 16.7 Asia-Pacific Health Insurance Market, by Demographics (2019-2032)
- 16.8 Asia-Pacific Health Insurance Market, by End User (2019-2032)
- 16.9 Asia-Pacific Health Insurance Market, by Distribution Channel (2019-2032)
- 16.10 Asia-Pacific Health Insurance Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA HEALTH INSURANCE MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Health Insurance Market, by Service (2019-2032)
- 17.4 South America Health Insurance Market, by Level of Coverage (2019-2032)
- 17.5 South America Health Insurance Market, by Service Provider (2019-2032)
- 17.6 South America Health Insurance Market, by Health Insurance Plan (2019-2032)
- 17.7 South America Health Insurance Market, by Demographics (2019-2032)
- 17.8 South America Health Insurance Market, by End User (2019-2032)
- 17.9 South America Health Insurance Market, by Distribution Channel (2019-2032)
- 17.10 South America Health Insurance Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA HEALTH INSURANCE MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Health Insurance Market, by Service (2019-2032)
- 18.4 Middle East and Africa Health Insurance Market, by Level of Coverage (2019-2032)
- 18.5 Middle East and Africa Health Insurance Market, by Service Provider (2019-2032)
- 18.6 Middle East and Africa Health Insurance Market, by Health Insurance Plan (2019-2032)
- 18.7 Middle East and Africa Health Insurance Market, by Demographics (2019-2032)
- 18.8 Middle East and Africa Health Insurance Market, by End User (2019-2032)
- 18.9 Middle East and Africa Health Insurance Market, by Distribution Channel (2019-2032)
- 18.10 Middle East and Africa Health Insurance Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Health Insurance Market, Company Share Analysis
- 19.2 North America Health Insurance Market, Company Share Analysis
- 19.3 Europe Health Insurance Market, Company Share Analysis
- 19.4 Asia-Pacific Health Insurance Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Anthem, Inc.
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 United Healthcare
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Aetna
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Aviva
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Allianz
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Centene
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Cigna
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 CVS Health Corporation
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Humana
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Bupa
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.