Press release
Group Health Insurance Market Projected to Reach $1.8 Trillion by 2031, Growing at 9.4% CAGR | Key Players: Allianz Care, AXA, Aetna
Group Health Insurance Market
According to the report published by Allied Market Research, the group health insurance market was estimated at $744.04 billion in 2021 and is expected to hit $1,800.08 billion by 2031, registering a CAGR of 9.4% from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/15492
Growing inclination toward hassle-free claim settlement drives the growth of the global group health insurance market. On the other hand, increase in group health insurance premium cost and invalid liability for retired employees are some of the factors that restrain the growth to some extent. Nevertheless, rise in the geriatric population and increase in demand for better employee benefits in the corporate sector are expected to create lucrative opportunities in the industry.
Covid-19 Scenario
Rise in hospitalization gave way to a steep incline in the number of health insurance claims, which impacted the global group health insurance market positively.
Moreover, the spread of global health crisis is one of the major reasons behind the increase in health insurance premium. This trend is most likely to continue post pandemic as well.
Key companies profiled Anthem Insurance Companies, Inc., Allianz Care, AXA, Aetna Inc., ACKO General Insurance Limited, American International Group, Inc., Cigna, Chubb, IFFCO-Tokio General Insurance Company Limited, and United HealthCare Services, Inc Access Table PDF
Interested to Procure the Data? Inquire here @: https://www.alliedmarketresearch.com/purchase-enquiry/15492
The global group health insurance market is analyzed across plan type, enterprise size, distribution channel, and region. Based on plan type, the fully insured plan segment contributed to more than half of the total market revenue in 2021, and is projected to lead the trail by 2031. The self-insured plan segment, however, would exhibit the fastest CAGR of 10.6% during the forecast period.
Based on enterprise size, the large enterprises segment generated the highest share in 2021, accounting for nearly three-fourths of the total market. The MSMEs segment, on the other hand, would cite the fastest CAGR of 11.1% from 2022 to 2031.
Based on region, the market across North America held the major share in 2021, garnering more than one-third of the total market. The Asia-Pacific region, simultaneously, would manifest the fastest CAGR of 12.2% throughout the forecast period.
If you have any special requirements, request customization@ https://www.alliedmarketresearch.com/request-for-customization/15492?reqfor=covid
Key players in the industry
Anthem Insurance Companies, Inc.
Allianz Care
AXA
Aetna Inc.
ACKO General Insurance Limited
American International Group, Inc.
Cigna
Chubb
IFFCO-Tokio General Insurance Company
United HealthCare Services, Inc.
Key Benefits for Stakeholders
◉ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Group Health Insurance market analysis from 2021 to 2031 to identify the prevailing Group Health Insurance market opportunities.
◉ The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
◉ In-depth analysis of the Group Health Insurance market segmentation assists to determine the prevailing market opportunities.
◉ Major countries in each region are mapped according to their revenue contribution to the global market.
◉ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
◉ The report includes the analysis of the regional as well as global Group Health Insurance market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Plan Type
Mixed-insured Plan
Self-insured Plan
Fully Insured Plan
By Enterprise Size
Large Enterprises
Micro, Small, and Medium Enterprises (MSMEs)
By Distribution Channel
Agents
Direct Sale
Banks
Others
Top Trending Reports:
Banking as a Service Market https://www.alliedmarketresearch.com/banking-as-a-service-market-A14258
Extended Warranty Market https://www.alliedmarketresearch.com/extended-warranty-market
AI in BFSI Market https://www.alliedmarketresearch.com/artificial-intelligence-in-BFSI-market
Working Capital Loan Market https://www.alliedmarketresearch.com/working-capital-loan-market-A06965
Banking ERP Software Market https://www.alliedmarketresearch.com/banking-erp-software-market-A07392
David Correa
1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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 Group Health Insurance Market Projected to Reach $1.8 Trillion by 2031, Growing at 9.4% CAGR | Key Players: Allianz Care, AXA, Aetna here
News-ID: 4006343 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Insurance
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market…
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview
The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market…
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also…
Non-Life Insurance Market :Health Insurance, Property Insurance, Cargo Insurance …
Non-Life Insurance Market Overview:
Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Non-Life Insurance market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.
Get Access to Report Sample: http://bit.ly/2Q9Hd8z
Non-Life Insurance market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been…
