Health Insurance Market to 2025 - Regional Analysis and Forecasts by Product

Posted by Vinit on January 19th, 2021

The global health insurance market size is predicted to touch USD 141.3 billion at a 4.1% CAGR between 2019- 2025, which reveals the new Market Research Future (MRFR) report. Health insurance, simply put, is an insurance cover that pays for surgical, medical, and dental expenses incurred by the insured.

Various factors are adding to the global health insurance market share. These factors, as per the new MRFR report, include advancement in research and development activities in the medical sector, increase in per capita disposable income, growing government initiatives, increasing health expenditure, adoption of social media to create health awareness, and rising geriatric population.

On the contrary, strict rules and regulations, and poor track record of claim settlement are factors that are likely to impede the global health insurance market growth over the forecast period.

Market Segmentation

The Market Research Future Report provides an inclusive segmental analysis of the global health insurance market based on service providers, period, type, and demographics.

Based on demographics, the health insurance market is segmented into senior citizens, adults, and minors. Of these, the adult segment will lead the market over the forecast period for rising awareness among youths regarding health and an increase in the adult population.

Based on type, the global health insurance market is segmented into preferred provider organizations (PPO), point-of-service (POS) plans, exclusive provider organizations (EPOs), and health maintenance organizations (HMOs). Of these, preferred provider organizations will dominate the market over the forecast period as this is budget-friendly at the start.

Eminent players profiled in the health insurance market report include HealthCare International (UK), MultiNational Underwriters (US), CIGNA (US), Expacare (UK), International SOS (Asia), Aetna (US), IHI-Bupa (UK), Allianz SE (Germany), MediCare International (UK), William Russell (UK),, Blue Cross (US), and Integra Global Health Limited (UK).