Global Critical Illness Insurance Market Is Likely to Experience a Tremendous Growth by 2028
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The North American region is expected to hold a considerable share in the market during the forecast period. In the US, hospitals have made significant investments in the physical infrastructure of their operating rooms. The activities in an average hospital's operating room generate more than 60% of the revenue generated by hospitals in the US.
The need for technology upgrades in critical care diagnostics and management remains critical. This factor is compounded by the high cost of a lengthy hospital stay that includes an operating room procedure. High healthcare spending, improved infrastructure, and increased government involvement are expected to drive market growth in the North American region.
Market participants are collaborating with government initiatives, such as funding and collaboration, to help the Critical Care Diagnostics market grow significantly. To increase their market presence, top players are also launching new products, forming partnerships, collaborating, and so on. For instance, in January 2018, GE Healthcare announced a long-term strategic partnership with Roche to develop digital clinical decision support solutions for cancer and critical care patients. Abbott, Beckman-Coulter, and Roche are among the market's key players.
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The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Rest of the World
Competitive Landscape- China Life Insurance, Ping An Insurance, China Pacific Insurance, Aviva, Legal & General, New China Life Insurance, Bharti AXA LI, Prudential plc, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Critical Illness Insurance Market Report by Segment
Income Protection Insurance
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