Health Insurance Market Research Report - Global Forecast till 2027

Health Insurance Market Research Report: Information by Demographics (Minor, Adult, Senior Citizens), by Type (Health Maintenance Organizations (HMOs), Exclusive Provider Organizations (EPOs), Point-Of-Service (POS) Plans and Preferred Provider Organizations), by Period (Lifetime Coverage and Term Insurance), by Service Providers (Public and Private) and by Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027

ID: MRFR/HC/6755-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data

Health Insurance Market Scenario


Global Health Insurance Market size is expected to register a CAGR of ~4.1% during the forecast period of 2019 to 2025 and will achieve USD 141.3 Billion in 2025 with a market value of USD 137.4 billion in 2018.


The increasing participation of key players is one of the key factors driving the health insurance market.


For example, Allianz Partners acquired 100% share capital of Servicios Compartidos Multiasistencia, SL from private equity funds managed by Portobello Capital, and marginal shareholders. Various other factors such as the increase in aging population and rise in health expenditure drive the growth of the market. In addition, rise in per capita disposable incomes of individuals and advancement in R&D in the field of medicine are also expected to propel the growth of the market. However, poor claim settlement track record and rigid rules hinder the market growth. The adoption of social media to create health awareness among the youth and research & development in pharmaceuticals is providing opportunities to the global health insurance market.


Segmentation


The global health insurance market is segmented based on demographics, type, term, service providers, and region.


The global market for health insurance, by demographics, has been divided into minor, adult and senior citizens. Adults aged 18–64, 69.0% (136.7 million) were covered by private health insurance plans in the first 9 months of 2018 in the US.


Based on type, the market has been segmented into health maintenance organizations (HMOs), exclusive provider organizations (EPOs), point-of-service (POS) plans, and preferred provider organizations (PPOs). A health maintenance organization (HMO), is a prepaid health plan. The health maintenance organization (HMO) member pays a monthly premium. In return, the health maintenance organization (HMO) offers wide-ranging health care facilities such as emergency care, hospital stays, surgery, laboratory (lab) tests, X-rays, doctor’s visits, and therapy


Based on the period, the market has been segregated into lifetime coverage and term insurance.  The Patient Protection and Affordable Care Act (PPACA) or Obamacare, abolished lifetime maximum benefit clauses in healthcare policies wherever they relate to essential services. The Affordable Care Act legislation also eliminates the facility for health care insurers to place yearly maximums on essential services such as ambulatory patient services, maternity, pregnancy, and neonatal care, laboratory services, and others.


Based on the service providers, the market has been bifurcated into public and private. The public health insurance has been further sub-categorized as Medicare and Medicaid. The private health insurance has been sub-segmented into primary private health insurance, duplicate private health insurance, complimentary private health insurance, and supplementary private health insurance. The number of Americans registered in private healthcare plans has increased from 12.8% to 34% between 2004 and 2017.


In the current scope of the study, the segments mentioned above are covered across four global regions, namely the Americas, Europe, Asia-Pacific, and the Middle East & Africa.


The health insurance market in the Americas has further been segmented into North America and South America, with the North American market has been divided into the US and Canada. The European health insurance market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The health insurance market in Asia-Pacific has been categorized as Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The health insurance market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key Players



  • Allianz SE

  • IHI-Bupa

  • William Russell

  • Aetna

  • Blue Cross

  • Expacare

  • CIGNA

  • International SOS

  • MediCare International

  • Integra Global Health Limited

  • HealthCare International

  • MultiNational Underwriters


Regional Market Summary


Global Health Insurance Market Share (%), by Region, 2018
 Health Insurance Market


Sources: MRFR Analysis


The Americas dominated the global market for health insurance owing to the increasing awareness among the people about chronic diseases and many players are coming up with new insurance ideas for the welfare of the individuals. The percentage of people with health insurance coverage for 2017 was 91.2 % in the US. The US continues to be the largest contributor to the complete growth of health premiums worldwide, driven by the expansion of coverage implemented with the Affordable Care Act.


In 2018, it was estimated that Europe stood second in the global health insurance market. Technological advancements, along with the availability of funding opportunities in research and innovation will support the growth of health insurance during the review period. Other factors such as a favorable reimbursement scenario, rise in government expenditure on healthcare, and increase in geriatric population in this region can be attributed to the market growth.


Asia-Pacific (APAC) is expected to witness a phenomenal growth in health insurance throughout the forecast period due to rising participation of market players in launching innovative health insurance policies and the growing demand for the treatment of chronic diseases, lenient regulations, adoption of innovative technologies, and rise in medical tourism. The fastest-growing regional market in APAC, mostly fueled by the efforts of companies in China and India to increase health insurance penetration, with China concentrating on its aging population and India on its rural population. Net profit margins in APAC are also the highest globally, led by smaller regional markets such as Hong Kong and Singapore.


On the other hand, the Middle East & Africa holds the least share in the global health insurance market due to the low economic development, especially within the African region.


Global Health Insurance Market, by Demographics



  • Minor

  • Adult

  • Senior Citizens


Global Health Insurance Market, by Type



  • Health Maintenance Organizations (HMOs)

  • Exclusive Provider Organizations (EPOs)

  • Point-Of-Service (POS) Plans

  • Preferred Provider Organizations (PPOs)


Global Health Insurance Market, by Period



  • Long Term

  • Term Insurance


Global Health Insurance Market, by Service Providers



  • Public

    • Medicare

    • Medicaid





  • Private

    • Primary Private Health Insurance

    • Duplicate Private Health Insurance

    • Complimentary Private Health Insurance

    • Supplementary Private Health Insurance




Global Health Insurance Market, by Region



  • Americas

    • North America

    • US

    • Canada





  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Medical insurance companies

  • Government research institutes

  • Academic institutes and universities

  • Venture capitalists



Frequently Asked Questions (FAQ) :


The health insurance market is projected to grow at a 4.1% CAGR between 2019-2025.

The Americas are predicted to have the largest share in the health insurance market.

The health insurance market is predicted to touch USD 141.3 billion by 2025.

Increase in healthcare expenditure and advancement in the field of medicine are boosting market growth.

Poor claim settlement track record may limit market growth.

Table of Contents

Chapter 1. Executive Summary

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.2.1 R&D and Designing

5.2.2 Manufacturing

5.2.3 Distribution & Sales

5.2.4 Post-Sales Review

Chapter 6. Global Health Insurance Market, by Demographics

6.1 Overview

6.2 Minor

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3 Adult

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4 Senior Citizens

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 7. Global Health Insurance Market, by Type

7.1 Overview

7.2 Health Maintenance Organizations (HMOs)

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Exclusive Provider Organizations (EPOs)

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4 Point-Of-Service (POS) Plans

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5 Preferred Provider Organizations

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 8. Global Health Insurance Market, by Period

8.1 Overview

8.2 Life-Time Coverage

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3 Term Insurance

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 9. Global Health Insurance Market, by Service Providers

9.1 Overview

9.2 Public

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.2.1 Medicare

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.2.2 Medicaid

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3 Private

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3.1 Primary Private Health Insurance

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3.2 Duplicate Private Health Insurance

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3.3 Complementary Private Health Insurance

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3.4 Supplementary Private Health Insurance

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 10. Global Health Insurance Market, by Region

10.1 Overview

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 Latin America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 South Korea

10.4.6 Rest of Asia-Pacific

10.5 Middle East & Africa

10.5.1 Middle East

10.5.2 Africa

Chapter 11. Company Landscape

11.1 Overview

11.2 Competitive Analysis

Chapter 12. Company Profile

12.1 Allianz

12.1.1 Company Overview

12.1.2 Demographics/Services Offered

12.1.3 Financial Overview

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 IHI-Bupa

12.2.1 Company Overview

12.2.2 Demographics/Services Offered

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 William Russell

12.3.1 Company Overview

12.3.2 Demographics/Services Offered

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Aetna

12.4.1 Company Overview

12.4.2 Demographics /Services Offered

12.4.3 Financial overview

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Blue Cross

12.5.1 Company Overview

12.5.2 Demographics /Services Offered

12.5.3 Financial Overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Expacare

12.6.1 Overview

12.6.2 Demographics /Services Offered

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 CIGNA

12.7.1 Overview

12.7.2 Demographics /Services Offered

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 International SOS

12.8.1 Overview

12.8.2 Demographics /Services Offered

12.8.3 Financial Overview

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 MediCare International

12.9.1 Overview

12.9.2 Demographics / Services Offered

12.9.3 Financial Overview

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Integra Global

12.10.1 Overview

12.10.2 Demographics /Services Offered

12.10.3 Financial Overview

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

12.11 HealthCare International

12.11.1 Overview

12.11.2 Demographics /Services Offered

12.11.3 Financial Overview

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.11.6 Key Strategies

12.12 MultiNational Underwriters

12.12.1 Overview

12.12.2 Demographics /Services Offered

12.12.3 Financial Overview

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.12.6 Key Strategies

12.13 Others

Chapter 13 Appendix

13.1 References

13.2 Related Reports


LIST OF TABLES

Table 1 Global Health Insurance Market Synopsis, 2020-2027

Table 2 Global Health Insurance Market Estimates and Forecast, 2020-2027(USD Million)

Table 3 Global Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 4 Global Health Insurance Market, by Type, 2020-2027(USD Million)

Table 5 Global Health Insurance Market, by Period, 2020-2027(USD Million)

Table 6 Global Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 7 Global Health Insurance Market, by Region, 2020-2027(USD Million)

Table 8 Americas: Health Insurance Market, by Region, 2020 and 2025

Table 9 Americas: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 10 Americas: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 11 Americas: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 12 Americas: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 13 North America: Health Insurance Market, by Country, 2020-2027(USD Million)

Table 14 North America: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 15 North America: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 16 North America: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 17 North America: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 18 Latin America: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 19 Latin America: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 20 Latin America: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 21 Latin America: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 22 Europe: Health Insurance Market, by Region, 2020-2027(USD Million)

Table 23 Europe: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 24 Europe: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 25 Europe: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 26 Europe: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 27 Western Europe: Health Insurance Market, by Country, 2020-2027(USD Million)

Table 28 Western Europe: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 29 Western Europe: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 30 Western Europe: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 31 Western Europe: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 32 Eastern Europe: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 33 Eastern Europe: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 34 Eastern Europe: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 35 Eastern Europe: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 36 Asia-Pacific: Health Insurance Market, by Country, 2020-2027(USD Million)

Table 37 Asia-Pacific: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 38 Asia-Pacific: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 39 Asia-Pacific: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 40 Asia-Pacific: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

Table 41 Middle East & Africa: Health Insurance Market, by Region, 2020-2027(USD Million)

Table 42 Middle East & Africa: Health Insurance Market, by Demographics, 2020-2027(USD Million)

Table 43 Middle East & Africa: Health Insurance Market, by Type, 2020-2027(USD Million)

Table 44 Middle East & Africa: Health Insurance Market, by Period, 2020-2027(USD Million)

Table 45 Middle East & Africa: Health Insurance Market, by Service Providers, 2020-2027(USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Market Structure for Global Health Insurance Market

Figure 3 Market Dynamics for Global Health Insurance Market

Figure 4 Global Health Insurance Market Share, by Demographics, 2020 (%)

Figure 5 Global Health Insurance Market Share, by Demographics, 2020 (USD Million)

Figure 6 Global Health Insurance Market Share, by Type, 2020 (%)

Figure 7 Global Health Insurance Market Share, by Type, 2020 (USD Million)

Figure 8 Global Health Insurance Market Share, by Period, 2020 (%)

Figure 9 Global Health Insurance Market Share, by Period, 2020 (USD Million)

Figure 10 Global Health Insurance Market Share, by Service Providers, 2020 (%)

Figure 11 Global Health Insurance Market Share, by Service Providers, 2020 (USD Million)

Figure 12 Global Health Insurance Market Share, by Region, 2020 (%)

Figure 13 Americas: Health Insurance Market Share, by Region, 2020 (%)

Figure 14 North America: Health Insurance Market Share, by Country, 2020 (%)

Figure 15 Europe: Health Insurance Market Share, by Region, 2020 (%)

Figure 16 Western Europe: Health Insurance Market Share, by Country, 2020 (%)

Figure 17 Asia-Pacific: Health Insurance Market Share, by Country, 2020 (%)

Figure 18 Middle East & Africa: Health Insurance Market Share, by Region, 2020 (%)

Figure 19 Global Health Insurance Market: Company Share Analysis, 2020 (%)

Figure 20 Allianz SE: Key Financials

Figure 21 Allianz SE: Segmental Revenue

Figure 22 Allianz SE: Geographical Revenue

Figure 23 IHI-Bupa: Key Financials

Figure 24 IHI-Bupa: Segmental Revenue

Figure 25 IHI-Bupa: Geographical Revenue

Figure 26 William Russell: Key Financials

Figure 27 William Russell: Segmental Revenue

Figure 28 William Russell: Geographical Revenue

Figure 29 Aetna: Key Financials

Figure 30 Aetna: Segmental Revenue

Figure 31 Aetna: Geographical Revenue

Figure 32 Blue Cross: Key Financials

Figure 33 Blue Cross: Segmental Revenue

Figure 34 Blue Cross: Geographical Revenue

Figure 35 Expacare: Key Financials

Figure 36 Expacare: Segmental Revenue

Figure 37 Expacare: Geographical Revenue

Figure 38 CIGNA: Key Financials

Figure 39 CIGNA: Segmental Revenue

Figure 40 CIGNA: Geographical Revenue

Figure 41 International SOS: Key Financials

Figure 42 International SOS: Segmental Revenue

Figure 43 International SOS: Geographical Revenue

Figure 44 MediCare International: Key Financials

Figure 45 MediCare International: Segmental Revenue

Figure 46 MediCare International: Geographical Revenue

Figure 47 Integra Global: Key Financials

Figure 48 Integra Global: Segmental Revenue

Figure 49 Integra Global: Geographical Revenue

Figure 50 HealthCare International: Key Financials

Figure 51 HealthCare International: Segmental Revenue

Figure 52 HealthCare International: Geographical Revenue

Figure 53 MultiNational Underwriters: Key Financials

Figure 54 MultiNational Underwriters: Segmental Revenue

Figure 55 MultiNational Underwriters: Geographical Revenue

Figure 56 Henner: Key Financials

Figure 57 Henner: Segmental Revenue

Figure 58 Henner: Geographical Revenue




This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.