Transforming the Domiciliary Insurance Market in 2025: Rising Geriatric Population Fuels Demand For Domiciliary Insurance

What Is the Expected Size and Growth Rate of the Domiciliary Insurance Market?
In recent times, there has been a significant expansion in the size of the domiciliary insurance market. The market, which was valued at $44.72 billion in 2024, is projected to rise to $51.88 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.0%. The substantial growth witnessed over the historical period stems from factors including homeownership, asset protection, mortgage obligations, disaster consciousness, and adherence to regulations.

The market size for domiciliary insurance is expected to witness substantial expansion in the upcoming years, expanding to a value of $85.59 billion in 2029, reflecting a compound annual growth rate (CAGR) of 13.3%. Factors driving this growth in the forecast period include evolving housing patterns, environmental hazards, advancements in technology, personalization and customization, along with shifts in economic conditions. Key emerging trends to watch during this forecast period include an increasing aging population, the rise of home-based care, the integration of telehealth, and personalized insurance policies.

What Factors Are Fueling Growth in the Domiciliary Insurance Market?
The increasing number of elderly people worldwide are seen as a key factor propelling the growth of the domiciliary insurance market. The rate of aging population globally is on the rise, particularly those who are 65 years and older. For instance, a United Nations report in November 2022, released by a US-based Intergovernmental organization, speculated that the proportion of people aged 65 and above in the world population is set to increase from 10% in 2022 to 16% by 2050. The forecast suggests that by 2050, the number of people who are 65 or older will double the count of children under 5 and will be almost similar to the number of children under 12 years. As a result, it's the rapid increase in the elderly population which is fueling the expansion of the domiciliary insurance market.

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Which Leading Companies Are Shaping the Growth of the Domiciliary Insurance Market?
Major companies operating in the domiciliary insurance market include Cigna Group, AIA Group Limited, Allianz SE, AXA SA, Aviva plc, Aetna Inc., HDFC ERGO General Insurance Company Limited, Munich Re Group, ICICI Lombard General Insurance Company Limited, Religare Health Insurance Company Limited, Edelweiss General Insurance Company Limited, Anthem Insurance Companies Inc., Blue Cross Blue Shield Association, Humana Inc., Health Care Service Corporation, Highmark Inc., Kaiser Foundation Health Plan Inc., UnitedHealth Group Incorporated, WellCare Health Plans Inc., Centene Corporation, Allianz Care, BMI Healthcare Ltd., Broadstone Corporate Benefits Limited, HBF Health Limited, Healthcare International Global Network Ltd., Aditya Birla Health Insurance Limited, Bajaj Allianz Health Insurance Company Limited, Bharti AXA General Insurance Company Limited, Kotak Mahindra General Insurance Company Limited, Oriental Insurance Company Ltd., Reliance General Insurance Company Limited, SBI General Insurance Company Limited, Next Insurance Inc., Ethos Life Insurance Services

What Are the Major Trends Shaping the Domiciliary Insurance Market?
Leading businesses in the domiciliary insurance sector are rolling out inventive insurance schemes, such as home treatment packages, in an attempt to increase market earnings. The home treatment plan is a well-designed format helping individuals manage their health issues or recuperate from diseases from the comfort of their home, often necessitating self-care regimes, medication management, and lifestyle modifications according to their individual needs. As an illustration, in September 2022, Allianz Care Australia, a medical assistance and insurance enterprise based in Australia, initiated a home treatment scheme specifically for overseas student health insurance subscriber needing cancer treatment in Australia. The program allows the members to avail cancer treatment at home rather than visiting a hospital, thereby enhancing the quality of life for international students and offering another choice for people in need of cancer treatment. In the framework of the scheme, Allianz Care subscribers will have access to repeated therapy sessions, encompassing chemotherapy, immunotherapy, chronic disease infusions, and other supportive treatments typically recommended for cancer treatment.

What Are the Key Segments of the Domiciliary Insurance Market?
The domiciliary insurance market covered in this report is segmented -

1) By Insurance Type: Diseases Insurance, Medical Insurance, Income Protection Insurance, Other Insurance Types
2) By Coverage Type: Lifetime Coverage, Term Coverage
3) By Demographics: Minors, Adults, Senior Citizen
4) By Network: Preferred Provider Organizations (PPOs), Point Of Services (POS), Health Maintenance Organization (HMOs), Exclusive Provider Organizations (EPOs)
5) By Service Provider: Private, Public

Subsegments:
1) By Diseases Insurance: Critical Illness Insurance, Chronic Diseases Insurance, Short-Term Illness Insurance
2) By Medical Insurance: Inpatient Medical Insurance, Outpatient Medical Insurance, Preventive Care Insurance
3) By Income Protection Insurance: Short-Term Income Protection, Long-Term Income Protection
4) By Other Insurance Types: Accident Insurance, Disability Insurance, Long-Term Care Insurance

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Which Region Dominates the Domiciliary Insurance Market?
The countries covered in the domiciliary insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

What Is Covered In The Domiciliary Insurance Global Market Report?

- Market Size Analysis: Analyze the Domiciliary Insurance Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Domiciliary Insurance Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Domiciliary Insurance Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Domiciliary Insurance Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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