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Healthcare Insurance in 2019 - Global Market Size, Share, Development, Growth and Demand Forecast 2014-2024 - ResearchAndMarkets.comThe "Healthcare Insurance Market by Coverage Type, by Insurance Type, by Service Provider, by Insurance Network, by Insured Type, by Distribution Channel, by Geography Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024" report has been added to ResearchAndMarkets.com's offering. According to this research, the global healthcare insurance market is predicted to attain a size of $2.2 trillion by 2024, progressing at a CAGR of 4.3% during the forecast period (2019-2024). The main factors driving the growth of the market are increasing prevalence of chronic diseases, surging geriatric population, rising healthcare expenditure, and huge medical costs around the globe. Lifetime and term are the two kinds of coverages offered in the global healthcare insurance market. In 2018, the term coverage category held the larger revenue share of 76.5% in the market. This can be ascribed to various benefits attached with this category, such as receipt of a lump sum amount at term end, low cost of premiums, and rising awareness about the advantages of health insurance among the global population. The service provider segment is classified into private and public. Of these, the public service provider classification dominated the healthcare insurance market. In 2018, it generated a revenue of nearly $0.9 trillion and is projected to reach $1.2 trillion by 2024, advancing at a CAGR of 4.1%. However, the private service provider classification is anticipated to observe the faster growth in the market, registering at a CAGR of 4.7% during 2019-2024. North America is leading the global healthcare insurance market and is projected to advance at a CAGR of 3.7% during the forecast period, owing to the well-structured insurance and healthcare system, compulsory provision of health insurance from employers, and increasing number of chronic disease cases in the continent. On a global ground, the market is predicted to observe the fastest growth in Asia-Pacific (APAC), registering a CAGR of 5.7% during the forecast period. Furthermore, the region is estimated to generate a revenue of nearly $0.5 trillion for the market by 2024. The main factors driving the market growth in APAC are expanding healthcare sector, growing healthcare awareness, and increasing prevalence of chronic diseases. In the region, the overall dynamics of the healthcare sector are changing, especially on account of the improving infrastructure and growng healthcare expenditure. Due to these changes, healthcare insurance plans are becoming popular among the residents of regional countries. For instance, in November 2018, Insurinnovator Connect organized a conference on health insurance in Hong Kong, which saw the presence of esteemed healthcare insurance players, mainly from the APAC region. The conference concentrated on the growing healthcare insurance industry and innovations and advancements in this domain. Similarly, in 2019, IBC Asia (S) Pte Ltd., a Singapore-based conference, exhibition, and training company, plans to host its 13th annual healthcare insurance conference in Singapore. The key points of this conference will be the services and innovations in the Asian market, insights into the expanding healthcare insurance market, and digital transformation of the sector. Such seminars and conference create awareness about the advantages and features of healthcare insurance products, resulting in the market growth. Market Dynamics Trends
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Key Topics Covered Chapter 1. Research Background Chapter 2. Research Methodology Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By Coverage Type 4.1.1.1 Term coverage 4.1.1.2 Lifetime coverage 4.1.2 By Insurance Type 4.1.2.1 Medical 4.1.2.2 Disease 4.1.2.3 Income protection 4.1.3 By Service Provider 4.1.3.1 Public 4.1.3.2 Private 4.1.4 By Insurance Network 4.1.4.1 EPO 4.1.4.2 PPO 4.1.4.3 POS 4.1.4.4 HMO 4.1.5 By Insured Type 4.1.5.1 Senior citizens 4.1.5.2 Adults 4.1.5.3 Minors 4.1.6 By Distribution Channel 4.1.6.1 Agents/brokers 4.1.6.2 Bancassurance 4.1.6.3 Direct marketing 4.2 Market Dynamics 4.3 Porter's Five Forces Analysis Chapter 5. Global Market Size and Forecast 5.1 By Coverage Type 5.2 By Insurance Type 5.3 By Service Provider 5.4 By Insurance Network 5.5 By Insured Type 5.6 By Distribution Channel 5.7 By Region Chapter 6. North America Market Size and Forecast Chapter 7. Europe Market Size and Forecast Chapter 8. APAC Market Size and Forecast Chapter 9. LATAM Market Size and Forecast Chapter 10. MEA Market Size and Forecast Chapter 11. Competitive Landscape 11.1 Benchmarking of Players Based on Coverage and Insurance Types 11.2 Global Strategic Development of Key Players 11.2.1 Geographic Expansions 11.2.2 Acquisitions 11.2.3 Other Developments Chapter 12. Company Profiles 12.1 Allianz Group 12.1.1 Business Overview 12.1.2 Product and Service Offerings 12.1.3 Key Financial Summary 12.2 Anthem Inc. 12.3 Centene Corporation 12.4 Kaiser Permanente 12.5 Cigna corporation 12.6 Gulf Insurance Group 12.7 International Medical Group Inc. 12.8 Zurich Insurance Group 12.9 The People's Insurance Company (Group) of China Limited 12.10 Aetna Inc. 12.11 Apollo Munich Health Insurance Company Limited 12.12 UnitedHealth Group Incorporated 12.13 AIA Group Limited 12.14 Aviva PLC 12.15 Highmark Health 12.16 Molina Healthcare Inc. 12.17 State Farm Mutual Automobile Insurance Company 12.18 AXA Group For more information about this report visit https://www.researchandmarkets.com/r/hcpeve View source version on businesswire.com: https://www.businesswire.com/news/home/20190515005507/en/ |