Salemonline Journal

Health Insurance Market Set For Next Leg Of Growth | Aetna Inc., AIA Group Limited, Allianz

 Breaking News
  • No posts were found

Health Insurance Market Set For Next Leg Of Growth | Aetna Inc., AIA Group Limited, Allianz

July 05
15:48 2021
Health Insurance Market Set For Next Leg Of Growth | Aetna Inc., AIA Group Limited, Allianz

Health Insurance Market
“Health Insurance Market by Distribution Channel, Insurance Type, Coverage, End User Type, and Age Group: Global Opportunity Analysis and Industry Forecast, 2021-2028,” the global health insurance industry size was valued at $1,983.28 billion in 2020, and is projected to reach $4,153.32 billion by 2028, growing at a CAGR of 9.7% from 2021 to 2028.

Health Insurance Market by Distribution Channel (Direct Sales, Brokers/Agents, Banks, and Others), Insurance Type (Diseases Insurance and Medical Insurance), Coverage (Preferred Provider Organizations (PPOs), Point of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs)), End User Type (Group and Individuals), and Age Group (Senior Citizens, Adult, and Minors): Global Opportunity Analysis and Industry Forecast, 2021-2028  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Health Insurance  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Health Insurance  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

 Download Free Sample Copy of ‘Health Insurance  market’ Report @

https://reportocean.com/industry-verticals/sample-request?report_id=AMR1841

 “Health Insurance Market by Distribution Channel, Insurance Type, Coverage, End User Type, and Age Group: Global Opportunity Analysis and Industry Forecast, 2021-2028,” the global health insurance industry size was valued at $1,983.28 billion in 2020, and is projected to reach $4,153.32 billion by 2028, growing at a CAGR of 9.7% from 2021 to 2028.

Healthcare insurance provides quick reimbursement for insurers suffering from diseases with a minimal premium amount. In addition, it provides coverage for all mentioned treatments such as critical illness and large & small surgeries. Moreover, it offers affordable healthcare services such as preventive care, hospitalization, office visits, immunizations, and others. Health insurance offers compensation for such medical expenses that may incur, owing to sickness or injury to the insured people in exchange for a monthly premium or a payroll tax to provide health benefits.

Mandatory provision of health insurance in private & public sectors employees and surge in prevalence of chronic diseases, such as cardiovascular disease, cancer, and diabetes, are the key factors that boost the global health insurance market growth. However, limitation of availability of reimbursement in certain specified clinics & hospitals and increase in health insurance premium cost restrict the growth of the market. Conversely, development of advanced technology in the healthcare sector and increase in medical treatment cost are expected to create an immense opportunity for the market in the coming years.

On the basis of coverage, the preferred provider organizations (PPOs) segment is considered as a lucrative opportunity, attributed to the fact that policyholders are provided healthcare services at discounted rates while opting a certain specified network of doctors and hospitals.   

By region, the global health insurance market share is being dominated by North America in 2021, and is expected to maintain this trend during the forecast period. Attributed to increased awareness of the availability of multi-value health insurance policies and favorable health insurance landscape in the U.S., there is a positive impact on the growth of the market. However, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period due to continuous increase in healthcare costs and steady income of people, which act as factors that boost the growth of the health insurance market demand in the region.  

The health insurance market has been positively impacted by the COVID-19 outbreak. This is attributed to the fact that consumer trends toward health insurance are changing and key players in the market are adopting technologies such as artificial intelligence-based solutions for claim processing & cognitive automation for real-time interaction with consumers. For instance, the U.S.-based health insurance company, Humana, has partnered with Oracle to enable the usage of artificial intelligence for providing an automated, transparent, and real-time claim processing experience to consumers.  

 

Key findings of the study

By coverage, the preferred provider organizations (PPOs) segment led the market in terms of revenue in 2020.

By age group, the adult segment accounted for the highest health insurance market share in 2020.

By region, North America generated the highest revenue in 2020.

The key players profiled in the health insurance market analysis are Aetna Inc., AIA Group Limited, Allianz, ASSICURAZIONI GENERALI S.P.A., Aviva, AXA, Cigna, Ping An Insurance (Group) Company of China, Ltd., UnitedHealth Group, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

 

Key Segments Studied in the Global Health Insurance  Market: Report Coverage

Professional Key players:  The report analyzes the profiles of key players operating in the health insurance market such as Aetna Inc., AIA Group Limited, Allianz, ASSICURAZIONI GENERALI S.P.A., Aviva, AXA, Cigna, Ping An Insurance (Group) Company of China, Ltd., UnitedHealth Group, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the health insurance industry.

 

 

Market Segmentation:

Health Insurance Market by Distribution Channel (Direct Sales, Brokers/Agents, Banks, and Others), Insurance Type (Diseases Insurance and Medical Insurance), Coverage (Preferred Provider Organizations (PPOs), Point of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs)), End User Type (Group and Individuals), and Age Group (Senior Citizens, Adult, and Minors): Global Opportunity Analysis and Industry Forecast, 2021-2028

Regional Scope:  

North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa, United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

 

Forecast Period 2021 to 2028 CAGR:    XX

Pages: 100+

Tables, Charts & Figures: 100+

Growth Drivers Pitfalls & Challenges

 

COVID-19 – Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020

xx

xx

xx

xx

Recovery – Opening of Economy extended till Q4 2020 / Q1 2021

xx

xx

xx

xx

 

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

For more information or any query mail at [email protected]

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:

Informational Takeaways from the Market Study: The report includesthe completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

 

 (Check Our Exclusive Offer: 30% to 40% Discount) Lowest Price Guarantee

https://reportocean.com/industry-verticals/sample-request?report_id=AMR1841

The study objectives of this report are:

Important Features that are under offering & key highlights of the report:
– Detailed overview of market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards market performance
– Market players information to sustain and enhance their footprint

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

Ask Our Expert for Complete Report@:

https://reportocean.com/industry-verticals/sample-request?report_id=AMR1841

Key Points Covered in Health Insurance  Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Health Insurance  market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Health Insurance   Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

Browse Premium Research Report with Tables and Figures at @ https://reportocean.com/industry-verticals/sample-request?report_id=AMR1841

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:

Report Ocean

Email: [email protected]

Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES

Tel: +1 888 212 3539 (US – TOLL FREE)

Website: https://www.reportocean.com/

Blog: https://reportoceanblog.com/

Media Contact
Company Name: Report Ocean
Contact Person: Nishi Sharma
Email: Send Email
Phone: +91-9997112116
Address:BSI Business Park,H-15, Sector-63, Noida
City: Noida
State: UP, 201301
Country: India
Website: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1841

Related Articles