Global Health and Medical Insurance Markets Over $ 650 Billion, Analysis and Forecast 2015-2020, 2020-2025F, 2030F
DUBLIN, September 7, 2021 / PRNewswire / – The “Global Health and Medical Insurance Market Report 2021: Impact of COVID-19 and Recovery until 2030” report was added to ResearchAndMarkets.com offer.
The global health and medical insurance market is expected to grow by $ 385.24 billion in 2020 at $ 390.54 billion in 2021 at a compound annual growth rate (CAGR) of 1.4%. The market is expected to reach $ 653.4 billion in 2025 at a CAGR of 13.7%.
Global Medicare and Medicare Market Report 2021: The Impact and Recovery of COVID-19 to 2030 Provides Policy Makers, Marketers and Senior Management with the Insight essentials they need to assess the global medicare and medicare market emerging from the COVID-19 shutdown.
The main players in the health and medical insurance market are the Allianz group; UnitedHealth Group Incorporated; AIA Group Limited; Anthem, Inc .; AXA Equitable Life Insurance Company; China Life Insurance Company Limited; Cigna; HCSC Group; Group of state farms; and Zurich Insurance Group.
The health and medical insurance market includes sales of health and medical insurance by entities (organizations, sole proprietorships and partnerships) that are engaged in the direct underwriting of health and medical insurance policies. Group hospital plans and health maintenance organization HMO establishments (except those that provide health care services) that provide health and medical insurance policies are included in this industry. The customers of these insurers are the general public / businesses that purchase medical and health insurance policies, either through intermediary or through direct sale. Only goods and services traded between entities or sold to final consumers are included.
Major players operating in the health and medical insurance industry are entering into strategic partnerships and collaborations to expand their consumer base and geographic presence, which is likely to be a dominant trend in the healthcare market. health and medical insurance.
The health and medical insurance market covered in this report is segmented by type into hospital insurance; daily cash hospitalization insurance; critical illness insurance; Home Insurance; others. It is also segmented by a private provider; public and by demography in minor; adults; Old person.
In november 2018, CVS Health, a US-based healthcare company acquired Aetna Inc., a US healthcare company for $ 69 billion. The two companies are expected to bring together the largest drugstore chains and health insurers in the country. CVS Health, in collaboration with Aetna Inc., plans to provide consumers with improved access to health care at reduced costs to health care experts in homes and communities across the country. Aetna Inc. is a United States managed healthcare company that sells health insurance and related services to meet the needs of individuals, families and healthcare providers.
The increase in the prevalence of chronic diseases and the expected increase in the geriatric population have contributed to the growth of the health and medical insurance market. The elderly population is growing rapidly and is expected to continue, thus generating a strong demand for health and medical insurance to reduce the burden of health spending. The likely increase in the aging population with chronic and other diseases requires critical monitoring and surgical procedures, which contributes to the health and medical insurance market.
The long waiting period for pre-existing conditions and the increase in premiums with age limit the growth of the health and health insurance market. The biggest downside to health and medical insurance is the cost. The likelihood of health problems increases with age and therefore the premium amount also increases with age. Many individual policies can cost several hundred dollars per month, and family coverage can be even higher.
In addition, many medical insurance plans provide a waiting period of up to 2-3 years for pre-existing conditions. Additionally, many health insurance policies do not cover all types of illnesses and conditions. Hence, premium and long waiting period with health and medical insurance are negatively impacting the growth of the market and are expected to constrain the health and medical insurance market during the forecast period.
Main topics covered:
2. Characteristics of the Medicare and Medicare Market
3. Medicare and Medicare Market Trends and Strategies
4. Impact of COVID-19 on health and medical insurance
5. Size and Growth of Medicare and Medicare Market
5.1. Historical global health and medical insurance market, 2015-2020, in billions of dollars
5.1.1. Market drivers
5.1.2. Market constraints
5.2. Global Health and Medical Insurance Forecast Market, 2020-2025F, 2030F, in USD Billion
5.2.1. Market drivers
5.2.2. Market constraints
6. Segmentation of the health and medical insurance market
6.1. Global health and medical insurance market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
- Hospital insurance
- Daily hospital insurance in cash
- Critical illness insurance
- Home Insurance
6.2. Global health and medical insurance market, segmentation by service provider, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
6.3. Global Health and Medical Insurance Market, Segmentation by Demographics, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
- Old person
7. Regional and national analysis of the health insurance and medical insurance market
7.1. Global health and medical insurance market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
7.2. Global health and medical insurance market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
- Allianz Group
- UnitedHealth Group Incorporated
- AIA Group Limited
- Hymn inc.
- AXA Equitable Life Insurance Company
- China Life Insurance Company Limited
- HCSC Group
- Group of State Farms
- Zurich Insurance Group
- Berkshire Hathaway Inc.
- Prudential plc
- Japanese life insurance company
For more information on this report, visit https://www.researchandmarkets.com/r/hjh514
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SOURCE Research and Markets