UAE Health Insurance Market Size ( CAGR 7.32%), Top Companies, Report, Key Players, Competitive Analysis and Forecast During 2023-2028

According to the latest report by IMARC Group, titled "UAE Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the UAE health insurance market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.32% during 2023-2028.

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Health insurance is a critical financial tool that provides coverage for medical expenses related to the treatment of physical and mental illnesses or injuries. In the UAE, health insurance is mandatory across all seven emirates. The country is home to numerous private and government-funded healthcare sectors that offer the highest standard of medical care. In addition to medical claims, health insurance offers various services such as emergency transportation, psychiatric care, diagnosis and treatment of illnesses, and coverage for pre-existing conditions. This comprehensive coverage allows individuals to seek medical care, making health insurance an essential part of life in the UAE.

UAE Health Insurance Market Trends:

The COVID-19 pandemic has led the government in the UAE to mandate lockdowns and enforce health insurance coverage for citizens, which has emerged as a key driver boosting the market growth. Furthermore, the surging prevalence of lifestyle diseases resulting from sedentary lifestyles and the rising costs of healthcare services are fueling the market growth. Additionally, shifting consumer inclination towards minimally invasive (MI) procedures and improved claim management services are positively contributing to the market growth. Apart from this, the enhancing focus on preventive healthcare and the increasing importance of healthcare services are providing an impetus to the market growth in the region.

UAE Health Insurance Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the UAE health insurance market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the UAE health insurance market on the basis of type and service provider.

Breakup by Type:

• Individual
• Group

Breakup by Service Provider:

• Public
• Private

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Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Website: https://www.imarcgroup.com

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.