Press release
UAE Health Insurance Market Statistics and Research Analysis Detailed in Latest Research Report to 2023-28
Report Highlights
How big is the UAE health insurance market?
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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What is health insurance?
Health insurance, also known as medical insurance, is a contractual arrangement between an insurance provider and a policyholder. In this agreement, the insurance company commits to covering all medical expenses incurred by the policyholder. The reimbursement can occur through either bill-based reimbursement or a cashless process. Individuals can obtain this insurance by making monthly or annual premium payments for a specified duration.
What are the growth prospects and trends in the UAE health insurance industry?
The UAE's surging population and expanding economy are driving the demand for health insurance in the country. Moreover, government initiatives are playing a pivotal role in expanding the reach of health insurance in the UAE. For example, the government ensures comprehensive medical coverage for all UAE nationals and mandates that employers provide health insurance for their employees. Additionally, the growing awareness of the diverse healthcare policies available is expected to contribute to market growth. Factors like the increasing prevalence of lifestyle diseases, rising instances of chronic illnesses, soaring medical treatment costs, and substantial government healthcare spending are all bolstering market growth across the nation.
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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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.
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