Global health insurance market will reach $3,405.1 billion by 2030, growing by 6.2% annually over 2020-2030 driven by the increasing costs of healthcare services, the growing prevalence of chronic diseases, rising geriatric population, and the rapid rise of healthcare expenditure on account of government supports.
Highlighted with 105 tables and 97 figures, this 177-page report “Global Health Insurance Market 2020-2030 by Coverage Type (Medical, Disease, Income), Level of Coverage (Bronze, Silver, Gold, Platinum), Plan Period (Lifetime, Term), Network (PPOs, HMOs, POS, EPO), Provider (Public, Private), Buyer (Individuals, Corporates), Demographics (Minors, Adults, Senior Citizens), Distribution Channel (Agent & Brokers, Direct, E-commerce), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global health insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global health insurance market in every aspect of the classification from perspectives of Coverage Type, Level of Coverage, Plan Period, Network, Provider, Buyer, Demographics, Distribution Channel, and Region.
Based on Coverage Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Medical Insurance
• Diseases Insurance
• Income Protection Insurance
• Other Insurance Types
Based on Level of Coverage, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Bronze Plan
• Silver Plan
• Gold Plan
• Platinum Plan
Based on Plan Period, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Lifetime Insurance
• Term Insurance
Based on Network, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Preferred Provider Organizations (PPOs)
• Health Maintenance Organizations (HMOs)
• Point of Services (POS)
• Exclusive Provider Organization (EPO)
• Other Networks
Based on Provider, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Private Providers
• Public Providers
• Standalone Health Insurers
Based on Buyer, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Individuals
• Corporates
• Other Buyers
Based on Demographics, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Minors
• Adults
• Senior Citizens
Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Insurance Agent & Brokers
• Direct Marketing
• E-commerce
• Other Distribution Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Coverage Type, Plan Period, Provider, and Demographics over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
AIA Group Limited
Allianz Group
Anthem Inc.
Assicurazioni Generali S.p.A.
AXA Equitable Life Insurance Company
Berkshire Hathaway Inc.
China Life Insurance Company Limited
CVS Health Corporation (Aetna Inc.)
Munich Re Group
Ping An Insurance (Group) Company of China Ltd.
Prudential plc
State Farm Group
UnitedHealth Group Incorporated
Zurich Insurance Group
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 11
1.1 Industry Definition and Research Scope 11
1.1.1 Industry Definition 11
1.1.2 Research Scope 12
1.2 Research Methodology 15
1.2.1 Overview of Market Research Methodology 15
1.2.2 Market Assumption 16
1.2.3 Secondary Data 16
1.2.4 Primary Data 16
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 26
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Global Market by Coverage Type 44
3.1 Market Overview by Coverage Type 44
3.2 Medical Insurance 46
3.3 Diseases Insurance 47
3.4 Income Protection Insurance 48
3.5 Other Insurance Types 49
4 Segmentation of Global Market by Level of Coverage 50
4.1 Market Overview by Level of Coverage 50
4.2 Bronze Plan 52
4.3 Silver Plan 53
4.4 Gold Plan 54
4.5 Platinum Plan 55
5 Segmentation of Global Market by Plan Period 56
5.1 Market Overview by Plan Period 56
5.2 Lifetime Insurance 58
5.3 Term Insurance 59
6 Segmentation of Global Market by Network 60
6.1 Market Overview by Network 60
6.2 Preferred Provider Organizations (PPOs) 62
6.3 Health Maintenance Organizations (HMOs) 63
6.4 Point of Services (POS) 64
6.5 Exclusive Provider Organization (EPO) 65
6.6 Other Networks 66
7 Segmentation of Global Market by Provider 67
7.1 Market Overview by Provider 67
7.2 Private Providers 69
7.3 Public Providers 70
7.4 Standalone Health Insurers 71
8 Segmentation of Global Market by Buyer 72
8.1 Market Overview by Buyer 72
8.2 Individuals 74
8.3 Corporates 75
8.4 Other Buyers 76
9 Segmentation of Global Market by Demographics 77
9.1 Market Overview by Demographics 77
9.2 Minors 79
9.3 Adults 80
9.4 Senior Citizens 81
10 Segmentation of Global Market by Distribution Channel 82
10.1 Market Overview by Distribution Channel 82
10.2 Insurance Agent & Brokers 84
10.3 Direct Marketing 85
10.4 E-commerce 86
10.5 Other Distribution Channels 87
11 Segmentation of Global Market by Region 88
11.1 Geographic Market Overview 2019-2030 88
11.2 North America Market 2019-2030 by Country 92
11.2.1 Overview of North America Market 92
11.2.2 U.S. 96
11.2.3 Canada 99
11.2.4 Mexico 101
11.3 European Market 2019-2030 by Country 103
11.3.1 Overview of European Market 103
11.3.2 Germany 107
11.3.3 U.K. 109
11.3.4 France 111
11.3.5 Spain 113
11.3.6 Italy 115
11.3.7 Netherlands 117
11.3.8 Rest of European Market 119
11.4 Asia-Pacific Market 2019-2030 by Country 121
11.4.1 Overview of Asia-Pacific Market 121
11.4.2 Japan 125
11.4.3 China 128
11.4.4 Australia 130
11.4.5 India 132
11.4.6 South Korea 134
11.4.7 Rest of APAC Region 136
11.5 South America Market 2019-2030 by Country 138
11.5.1 Argentina 141
11.5.2 Brazil 143
11.5.3 Chile 145
11.5.4 Rest of South America Market 147
11.6 MEA Market 2019-2030 by Country 148
11.6.1 UAE 151
11.6.2 Saudi Arabia 153
11.6.3 South Africa 155
11.6.4 Other National Markets 157
12 Competitive Landscape 158
12.1 Overview of Key Vendors 158
12.2 New Product Launch, Partnership, Investment, and M&A 161
12.3 Company Profiles 162
AIA Group Limited 162
Allianz Group 164
Anthem Inc. 165
Assicurazioni Generali S.p.A. 166
AXA Equitable Life Insurance Company 167
Berkshire Hathaway Inc. 168
China Life Insurance Company Limited 169
CVS Health Corporation (Aetna Inc.) 170
Munich Re Group 171
Ping An Insurance (Group) Company of China Ltd. 172
Prudential plc 173
State Farm Group 174
UnitedHealth Group Incorporated 175
Zurich Insurance Group. 176
RELATED REPORTS 177
List of Tables:
Table 1. Snapshot of Global Health Insurance Market in Balanced Perspective, 2019-2030 21
Table 2. Growth Rate of World GDP, 2020-2022 25
Table 3. World Health Spending by Region, $ bn, 2013-2020 32
Table 4. Main Product Trends and Market Opportunities in Global Health Insurance Market 36
Table 5. Global Health Insurance Market by Coverage Type, 2019-2030, $ mn 44
Table 6. Global Health Insurance Market by Level of Coverage, 2019-2030, $ mn 50
Table 7. Global Health Insurance Market by Plan Period, 2019-2030, $ mn 56
Table 8. Global Health Insurance Market by Network, 2019-2030, $ mn 60
Table 9. Global Health Insurance Market by Provider, 2019-2030, $ mn 67
Table 10. Global Health Insurance Market by Buyer, 2019-2030, $ mn 72
Table 11. Global Health Insurance Market by Demographics, 2019-2030, $ mn 77
Table 12. Global Health Insurance Market by Distribution Channel, 2019-2030, $ mn 82
Table 13. Global Health Insurance Market by Region, 2019-2030, $ mn 89
Table 14. Leading National Health Insurance Market, 2019 and 2030F, $ mn 91
Table 15. North America Health Insurance Market by Country, 2019-2030, $ mn 94
Table 16. U.S. Health Insurance Market by Coverage Type, 2019-2030, $ mn 98
Table 17. U.S. Health Insurance Market by Plan Period, 2019-2030, $ mn 98
Table 18. U.S. Health Insurance Market by Provider, 2019-2030, $ mn 98
Table 19. U.S. Health Insurance Market by Demographics, 2019-2030, $ mn 98
Table 20. Canada Health Insurance Market by Coverage Type, 2019-2030, $ mn 100
Table 21. Canada Health Insurance Market by Plan Period, 2019-2030, $ mn 100
Table 22. Canada Health Insurance Market by Provider, 2019-2030, $ mn 100
Table 23. Canada Health Insurance Market by Demographics, 2019-2030, $ mn 100
Table 24. Mexico Health Insurance Market by Coverage Type, 2019-2030, $ mn 102
Table 25. Mexico Health Insurance Market by Plan Period, 2019-2030, $ mn 102
Table 26. Mexico Health Insurance Market by Provider, 2019-2030, $ mn 102
Table 27. Mexico Health Insurance Market by Demographics, 2019-2030, $ mn 102
Table 28. Europe Health Insurance Market by Country, 2019-2030, $ mn 106
Table 29. Germany Health Insurance Market by Coverage Type, 2019-2030, $ mn 108
Table 30. Germany Health Insurance Market by Plan Period, 2019-2030, $ mn 108
Table 31. Germany Health Insurance Market by Provider, 2019-2030, $ mn 108
Table 32. Germany Health Insurance Market by Demographics, 2019-2030, $ mn 108
Table 33. U.K. Health Insurance Market by Coverage Type, 2019-2030, $ mn 110
Table 34. U.K. Health Insurance Market by Plan Period, 2019-2030, $ mn 110
Table 35. U.K. Health Insurance Market by Provider, 2019-2030, $ mn 110
Table 36. U.K. Health Insurance Market by Demographics, 2019-2030, $ mn 110
Table 37. France Health Insurance Market by Coverage Type, 2019-2030, $ mn 112
Table 38. France Health Insurance Market by Plan Period, 2019-2030, $ mn 112
Table 39. France Health Insurance Market by Provider, 2019-2030, $ mn 112
Table 40. France Health Insurance Market by Demographics, 2019-2030, $ mn 112
Table 41. Spain Health Insurance Market by Coverage Type, 2019-2030, $ mn 114
Table 42. Spain Health Insurance Market by Plan Period, 2019-2030, $ mn 114
Table 43. Spain Health Insurance Market by Provider, 2019-2030, $ mn 114
Table 44. Spain Health Insurance Market by Demographics, 2019-2030, $ mn 114
Table 45. Italy Health Insurance Market by Coverage Type, 2019-2030, $ mn 116
Table 46. Italy Health Insurance Market by Plan Period, 2019-2030, $ mn 116
Table 47. Italy Health Insurance Market by Provider, 2019-2030, $ mn 116
Table 48. Italy Health Insurance Market by Demographics, 2019-2030, $ mn 116
Table 49. Netherlands Health Insurance Market by Coverage Type, 2019-2030, $ mn 118
Table 50. Netherlands Health Insurance Market by Plan Period, 2019-2030, $ mn 118
Table 51. Netherlands Health Insurance Market by Provider, 2019-2030, $ mn 118
Table 52. Netherlands Health Insurance Market by Demographics, 2019-2030, $ mn 118
Table 53. Health Insurance Market in Rest of Europe by Country, 2019-2030, $ mn 120
Table 54. APAC Health Insurance Market by Country, 2019-2030, $ mn 123
Table 55. Japan Health Insurance Market by Coverage Type, 2019-2030, $ mn 127
Table 56. Japan Health Insurance Market by Plan Period, 2019-2030, $ mn 127
Table 57. Japan Health Insurance Market by Provider, 2019-2030, $ mn 127
Table 58. Japan Health Insurance Market by Demographics, 2019-2030, $ mn 127
Table 59. China Health Insurance Market by Coverage Type, 2019-2030, $ mn 129
Table 60. China Health Insurance Market by Plan Period, 2019-2030, $ mn 129
Table 61. China Health Insurance Market by Provider, 2019-2030, $ mn 129
Table 62. China Health Insurance Market by Demographics, 2019-2030, $ mn 129
Table 63. Australia Health Insurance Market by Coverage Type, 2019-2030, $ mn 131
Table 64. Australia Health Insurance Market by Plan Period, 2019-2030, $ mn 131
Table 65. Australia Health Insurance Market by Provider, 2019-2030, $ mn 131
Table 66. Australia Health Insurance Market by Demographics, 2019-2030, $ mn 131
Table 67. India Health Insurance Market by Coverage Type, 2019-2030, $ mn 133
Table 68. India Health Insurance Market by Plan Period, 2019-2030, $ mn 133
Table 69. India Health Insurance Market by Provider, 2019-2030, $ mn 133
Table 70. India Health Insurance Market by Demographics, 2019-2030, $ mn 133
Table 71. South Korea Health Insurance Market by Coverage Type, 2019-2030, $ mn 135
Table 72. South Korea Health Insurance Market by Plan Period, 2019-2030, $ mn 135
Table 73. South Korea Health Insurance Market by Provider, 2019-2030, $ mn 135
Table 74. South Korea Health Insurance Market by Demographics, 2019-2030, $ mn 135
Table 75. Health Insurance Market in Rest of APAC by Country/Region, 2019-2030, $ mn 137
Table 76. South America Health Insurance Market by Country, 2019-2030, $ mn 140
Table 77. Argentina Health Insurance Market by Coverage Type, 2019-2030, $ mn 142
Table 78. Argentina Health Insurance Market by Plan Period, 2019-2030, $ mn 142
Table 79. Argentina Health Insurance Market by Provider, 2019-2030, $ mn 142
Table 80. Argentina Health Insurance Market by Demographics, 2019-2030, $ mn 142
Table 81. Brazil Health Insurance Market by Coverage Type, 2019-2030, $ mn 144
Table 82. Brazil Health Insurance Market by Plan Period, 2019-2030, $ mn 144
Table 83. Brazil Health Insurance Market by Provider, 2019-2030, $ mn 144
Table 84. Brazil Health Insurance Market by Demographics, 2019-2030, $ mn 144
Table 85. Chile Health Insurance Market by Coverage Type, 2019-2030, $ mn 146
Table 86. Chile Health Insurance Market by Plan Period, 2019-2030, $ mn 146
Table 87. Chile Health Insurance Market by Provider, 2019-2030, $ mn 146
Table 88. Chile Health Insurance Market by Demographics, 2019-2030, $ mn 146
Table 89. MEA Health Insurance Market by Country, 2019-2030, $ mn 150
Table 90. UAE Health Insurance Market by Coverage Type, 2019-2030, $ mn 152
Table 91. UAE Health Insurance Market by Plan Period, 2019-2030, $ mn 152
Table 92. UAE Health Insurance Market by Provider, 2019-2030, $ mn 152
Table 93. UAE Health Insurance Market by Demographics, 2019-2030, $ mn 152
Table 94. Saudi Arabia Health Insurance Market by Coverage Type, 2019-2030, $ mn 154
Table 95. Saudi Arabia Health Insurance Market by Plan Period, 2019-2030, $ mn 154
Table 96. Saudi Arabia Health Insurance Market by Provider, 2019-2030, $ mn 154
Table 97. Saudi Arabia Health Insurance Market by Demographics, 2019-2030, $ mn 154
Table 98. South Africa Health Insurance Market by Coverage Type, 2019-2030, $ mn 156
Table 99. South Africa Health Insurance Market by Plan Period, 2019-2030, $ mn 156
Table 100. South Africa Health Insurance Market by Provider, 2019-2030, $ mn 156
Table 101. South Africa Health Insurance Market by Demographics, 2019-2030, $ mn 156
Table 102. AIA Group Limited: Company Snapshot 162
Table 103. AIA Group Limited: Business Segmentation 162
Table 104. AIA Group Limited: Product Portfolio 163
Table 105. AIA Group Limited: Revenue, 2018-2020, $ mn 163
