Health Insurance Market Projected to Grow $4475 Billion, Globally, at 4.4% CAGR
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/4338
Chief reasons for market fluctuations
Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market. However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market. On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.
Public service providers segment dominated the market
The public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these providers incur lower administrative costs as compared to private health insurance. However, the private service providers segment is projected to register the fastest CAGR of 4.5% during the forecast period, as private providers offer prompt referral to a consultant, advanced treatment option, and quick & flexible treatment time in private hospitals to subscribers.
Medical insurance segment held largest share
The medical insurance segment dominated the market in 2018, contributing more than two-fifths of the global health insurance market, owing to high costs incurred for expensive surgeries and increase in a number of road accidents. However, the income protection segment is estimated to manifest the fastest CAGR of 4.9% during the study period, owing to mandatory provision of income protection insurance implemented in developed countries.
Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/4338
North America held lion's share
The market across North America held the largest share in 2018, contributing nearly one-third of the market, owing to high adoption of private insurance among the population, increase in population suffering chronic illness, and availability of high disposable income. However, the global health insurance market across Asia-Pacific is expected to portray the fastest CAGR of 4.9% through 2026, due to increase in awareness regarding benefits of using healthcare insurance.
Frontrunners of the market:
oBerkshire Hathaway Inc.
oNippon Life Insurance Company
oDai-ichi Life Holdings, Inc.
oKaiser Foundation Group of Health Plans
oBerkshire Hathaway Inc.
oNew York Life Insurance Company
oLife Insurance Corporation of India
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Health Insurance Market Projected to Grow $4475 Billion, Globally, at 4.4% CAGR here
News-ID: 1981136 • Views: 260
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Insurance
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market
Non-Life Insurance Market :Health Insurance, Property Insurance, Cargo Insurance …
Non-Life Insurance Market Overview: Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Non-Life Insurance market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region. Get Access to Report Sample: http://bit.ly/2Q9Hd8z Non-Life Insurance market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been
Insurance Company Profile-Hastings Insurance
Insurance Company Profile: Hastings Insurance Summary "Insurance Company Profile: Hastings Insurance", profile provides a comprehensive review of the company and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Hastings Group is a general insurance provider in the UK offering car, van, bike, and home insurance products. It operates through two subsidiaries: Hastings Insurance Services and
Landlord Insurance Market: Allianz, NRMA Insurance, QBE, Travelers Insurance, AA …
MarketResearchReports.Biz adds “Global Landlord Insurance Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Landlord Insurance market and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research
Insurance Market-Saga’s Retail Broking Business Offers Motor Insurance, Pet In …
Orbis Research Market brilliance released a new research report of 33 pages on title ‘Insurance Company Profile: Saga’ with detailed analysis, forecast and strategies. Insurance Company Profile: Saga", profile provides a comprehensive review of Saga and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Request a sample of this report at http://orbisresearch.com/contacts/request-sample/2026595 Saga
Insurance Market Behaviour & Health Insurance
Professor Howard Bolnick, who taught at the Kellogg School of Management for 13 years and is an international authority on Healthcare will be teaching an intensive 5 days Executive Development Programme on Insurance Market Behaviour & Health Insurance, Organized by the Insurance Foundation of India (IFI). Professor Howard Bolnick, who taught at the Kellogg School of Management for 13 years and is an international authority on Healthcare will be teaching an