openPR Logo
Press release

Medical Malpractice Insurance Market to reach USD 22.7 Bn by 2026

07-02-2021 10:56 AM CET | Health & Medicine

Press release from: AllTheResearch

Growing chronic disease coupled with growing surgeries across the globe to drive the growth of the medical malpractice insurance market. The global medical malpractice insurance market was valued at USD 18.2 billion in 2018 and is expected to reach USD 22.7 billion in 2026, growing at a CAGR of 3.2% during the forecast period.

The global medical malpractice insurance market is expected to grow at a significant growth during the forecast period. The factors that are contributing to the growth of the market are growing chronic disorder across the globe coupled with increasing medical surgeries across the globe. The foremost chronic diseases include CVD, strokes, heart attack, cancer, diabetes, breast cancer, obesity and other health disorders. Early detection is a major factor in managing chronic diseases. There is significant rise in number of patients with chronic diseases. According to America Cancer Society for 2017, a number of 1.6 million new cancer cases were diagnosed and 600,920 people dies due to cancer in the US. Additionally, NIH has estimated that there will be 1,735,350 new cases of cancer in the US by the end of 2018

Get Sample Copy of Report and Avail Discount Upto 30% on Full Report @ https://www.alltheresearch.com/sample-request/245

Asia-Pacific is both a strong and promising market for medical malpractice insurance. This is particularly due to the strong population base, high prevalence of chronic diseases such as cancer and others in Asian countries such as China, Japan, and India. Half of the global incidence of cancer is projected to occur in Asia with 22% in China and 7% in India only that further provide the opportunity for market growth. According to NICPR (National Institute of Cancer Prevention and Research), India recorded 3.9 million cancer cases in 2016. Cancer is the major cause of deaths in the country. Poor economic conditions are supporting the number of deaths caused by cancer. Absence of proper diagnostic centres for the huge population is also the key contributing factor for the prevalence of chronic disease in the country that further increases the surgical procedure thus creating significant opportunity for the market.

Key Findings Medical Malpractice Insurance Industry:

Based on type, the E&O insurance segment is expected to grow at the highest CAGR of around 4.8% during the forecast period
Based on the Coverage US$1 Million to US$5 Million segment is accounted for the largest share in the market and held for around 33% of the total market, in 2018
North America accounted for around 36% share of the global medical malpractice insurance market in 2018
Asia-Pacific is projected to grow at the highest CAGR of around 5.1% during the forecast period

Get More information at https://www.alltheresearch.com/report/245/medical-malpractice-insurance-market

For All Your Research Needs, Reach Out to Us:

Contact Name: Rohan S.

Email: contactus@alltheresearch.com

Phone: +1 (407) 768-2028

About Us

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it's not just sheer data points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Medical Malpractice Insurance Market to reach USD 22.7 Bn by 2026 here

News-ID: 2319849 • Views:

More Releases from AllTheResearch

Industry Update: Healthcare IT Integration Market will Reach 7.5 Billion by 2027
Healthcare It Integration Market Analysis 2021 covers the global and regional market with an in-depth analysis of the market's overall growth prospects. Global Healthcare It Integration market growth to reach 7.5 Billion USD in 2027 with a CAGR value 12.2% from 2021 to 2027. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers’ revenue and regional markets for Healthcare
Demand for 5G Antenna Market to Witness Rapid Surge During the Period 2021-2027
Demand for 5G Antenna Market to Witness Rapid Surge During the Period 2021-2027
5G Antenna Market by Type (Switched Multi-Beam Antenna, Adaptive Array Antenna); by Technology (SIMO, MISO, MIMO); by Application (Mobile Phones, Factory Automation, IoT, Connected Vehicles, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 The Global 5G Antenna Market is an emerging market in the present years. The report covers the present and past market scenarios, market development patterns, and is likely
AI Sensors Market to Grow at CAGR of 36.5% Through 2021 to 2027
AI Sensors Market to Grow at CAGR of 36.5% Through 2021 to 2027
AI Sensors Market by Type (Case-based Reasoning, Ambient-intelligence, Neural Networks, Inductive Learning, Other); by Application (Biosensor, Health Monitoring, Maintenance and Inspection, Human-computer Interaction, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 AI Sensors Market was valued at USD 15.6 Billion in 2020 and is expected to reach USD 138.5 Billion by 2027, with a growing CAGR of 36.5% during the forecast
Last Mile Delivery Market Will Expand at CAGR of 18.9% by 2027
Last Mile Delivery Market Will Expand at CAGR of 18.9% by 2027
Last Mile Delivery Market by Vehicle (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), by Cargo (Dry Goods, Postal, Liquid Goods), by End User (Chemical, Pharmaceutical and Healthcare, FMCG, E-Commerce) by Region (North America, Europe, Asia-pacific, Rest of the World): Global Forecasts 2021 To 2027. The global Last Mile Delivery Market was valued at USD 18.7 Bn in 2020, and it is expected to reach USD 62.7 Bn by 2027,

All 5 Releases


More Releases for Asia

Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value. https://boomingfaucet.com/ Asia Private Equity Consulting E-mail:nolan@pandacuads.com In China,
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the