Wiseguyreports.Com Adds “Health and Medical Insurance Providers -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database
Global health and medical insurance providers market is currently in a very crucial phase of transformation. Increased demand for healthcare services as a result of a rise in disposable income and increasing prevalence of chronic diseases drove the health and medical insurance providers market. This trend was mainly driven by India and China where development in healthcare infrastructure development and increasing public and private investment led to increased demand for health and medical insurance. In addition, rising economic growth and rising lifestyle related medical conditions is continuously generating demand for health and medical insurance market. At the same time, low healthcare access in low-income countries and free or subsidized healthcare in many countries affected growth of the health and medical insurance providers market.
While medical advancements have increased the average age of human beings, it is also true that people get affected by a variety of diseases these days. This is why the need for good health and medical insurance becomes vital. Such insurances cover healthcare expenses and help patients recover without the burden of high hospital charges. There are different health and medical insurance providers who have multiple plans for their customers. The plans vary based on the income and the age of the person.
The prevalence of chronic diseases and the high rising costs of medical expenses are two major reasons why the global health and medical insurance providers industry is projected to grow well in the future. The lifestyle related diseases are on a rise too in people of varied ages. All these, combined with the governments trying to create better healthcare processes are factors that promote the growth of this market. The free and subsidized healthcare that governments provide to their citizens is, however, considered a restraining factor for this industry’s growth.
As of 2016, the global health and medical insurance providers market was valued at USD 1.1 trillion. With a CAGR of 8.6%, the industry is projected to grow to USD 1.6 trillion by the year 2020. With almost 97 tables and deep insights about the different market conditions, this report is a boon for all stakeholders of this market to take business related decisions. This report splits up the market based on different factors and analyzes its growth at a global, regional and individual industry level.
The market for health and medical insurance providers is marginally consolidated with a few large players dominating the market. Major players in the market are UnitedHealth Group Inc., Anthem, Allianz, Aetna Inc., Humana, and Centene Corporation among others.
Agents & Brokers accounted for the largest share of the market for health and medical insurance providers in 2016 at REDACTED. The highest growth is projected to come from direct writing market, which is forecasted to grow at a CAGR of REDACTED.
North America is the largest market for health and medical insurance, accounting for REDACTED of the global market. It was followed by Western Europe and Asia Pacific. Going forward, Asia Pacific is expected to witness the fastest growth in the health and medical insurance providers market, estimated at a CAGRof REDACTED, followed by Africa, expected to grow at a CAGR of REDACTED.
USA is the largest market in terms of value and will continue to partially drive the market for health and medical insurance. China and India are expected to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively.
The market is challenged by increasing preference for self-care diagnosis, instability in healthcare policies, and rising awareness for alternative therapies over the forecast period.Report Scope:
This research report categorizes the health and medical insurance providers market by type. Product type include agents & brokers, direct writing, and bancassurance & others.
– 97 data tables and 1 additional table
– An overview of the global market for health and medical insurance providers
– Analyses of global market trends, with data from 2012 to 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2020
– Market breakdowns by segment, region, and country
– Insight into market drivers and restraints
– Discussion of key mergers and acquisitions
– A look into the competitive landscape of the industry, including:
Mentioned Key Players :
Table of Contents
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Health and Medical Insurance Providers Market Characteristics
Chapter 4 Health and Medical Insurance Providers Market Size and Growth
Chapter 5 Health and Medical Insurance Providers Market Trends and Strategies
Chapter 6 PESTLE Analysis
Chapter 7 Health and Medical Insurance Providers Segmentation
Chapter 8 Health and Medical Insurance Providers Regional and Country Analysis
Chapter 9 Global Health and Medical Insurance Providers Comparison with Macro Economic Factors
Chapter 10 Asia-Pacific Health and Medical Insurance Providers Market
Chapter 11 Asia-Pacific Health and Medical Insurance Providers Market: Country Analysis
Chapter 12 Western Europe Health and Medical Insurance Providers Market
Chapter 13 Western Europe Health and Medical Insurance Providers Market: Country Analysis
Chapter 14 Eastern Europe Health and Medical Insurance Providers Market
Chapter 15 Eastern Europe Health and Medical Insurance Providers Market: Country Analysis
Chapter 16 North America Health and Medical Insurance Providers Market
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