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The global health insurance market is experiencing significant growth, driven by a confluence of factors including rising healthcare costs, increasing prevalence of chronic diseases, growing awareness of health and wellness, and expanding access to healthcare services. This market encompasses a wide range of players, from established multinational insurance companies to smaller regional providers and government-sponsored programs, all striving to meet the diverse healthcare needs of a global population. The market's expansion is fueled by the increasing burden of non-communicable diseases, such as cardiovascular disease, diabetes, and cancer, which require long-term and often expensive treatment. As these diseases become more prevalent worldwide, the demand for health insurance to manage these costs has risen substantially. Furthermore, technological advancements in medical treatments and diagnostics have led to more sophisticated and costly healthcare services, further driving the need for financial protection through health insurance. The rising middle class in many developing economies is also contributing to market growth. As disposable incomes increase, individuals are more likely to prioritize healthcare and seek out health insurance coverage. Government initiatives aimed at expanding access to healthcare, such as mandatory health insurance schemes and subsidies for low-income populations, are also playing a crucial role in market expansion. These programs often partner with private insurers to provide coverage, further stimulating market growth. The global health insurance market is segmented by various factors, including type of coverage (e.g., medical, dental, vision), type of insurance provider (e.g., private, public), demographics (e.g., age, income), and geography. Different regions have varying levels of market maturity, with developed economies like North America and Europe having well-established health insurance systems, while developing economies in Asia Pacific and Africa are witnessing rapid growth due to increasing healthcare awareness and access.
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. The global health insurance market is undergoing a dynamic transformation, driven by a confluence of powerful forces. A key market trend is the ascendance of digital health, with telehealth, wearable devices, and AI-powered platforms revolutionizing healthcare delivery and personalized insurance offerings. This trend is fueled by the growing consumer demand for convenience and accessibility, as individuals seek seamless digital experiences in managing their health and insurance. Another significant trend is the shift towards value-based care, where insurers and providers focus on improving patient outcomes and cost efficiency, moving away from traditional fee-for-service models. This trend is propelled by the need to control escalating healthcare costs and demonstrate the value of insurance coverage. Furthermore, the market is witnessing a growing emphasis on preventive care and wellness, with insurers offering programs and incentives to promote healthy lifestyles and reduce long-term healthcare expenses. This trend is driven by the increasing awareness of the importance of proactive health management and the rising prevalence of chronic diseases. Several market drivers are contributing to the growth of the global health insurance market. Rising healthcare expenditures due to technological advancements and aging populations are pushing individuals to seek financial protection through insurance. The increasing prevalence of chronic diseases necessitates long-term and expensive treatments, further driving the demand for comprehensive health insurance plans. Government initiatives to expand healthcare access, such as mandatory insurance schemes and subsidies, are also playing a crucial role in market growth. Additionally, the growing awareness of health and wellness is prompting individuals to prioritize health insurance as a means of ensuring access to quality care. Trade programs within the global health insurance market are evolving to facilitate cross-border healthcare and international insurance coverage. Bilateral agreements between countries often include provisions for reciprocal healthcare coverage for citizens traveling abroad. International health insurance plans cater to expatriates, travelers, and individuals seeking medical treatment in other countries.
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The global health insurance market is segmented by coverage type, encompassing a diverse range of plans designed to meet varying healthcare needs and budgets. Medical insurance, the most common type, covers a broad spectrum of healthcare services, including doctor visits, hospital stays, surgery, diagnostic tests, prescription drugs, and preventive care. These plans can range from basic coverage to comprehensive packages with varying levels of cost-sharing, deductibles, and co-pays. Dental insurance focuses specifically on oral health, covering routine checkups, cleanings, fillings, extractions, and more complex procedures like crowns and implants. Some dental plans also offer orthodontic coverage for braces and other teeth-straightening treatments. Vision insurance provides coverage for eye exams, eyeglasses, contact lenses, and sometimes even laser vision correction. These plans often have a network of preferred providers, offering discounts on services and materials. Prescription drug coverage, often bundled with medical insurance, helps manage the high costs of medications, with varying formularies and co-pay structures. Mental health and substance abuse coverage is increasingly recognized as essential, covering therapy sessions, counseling, and treatment for addiction and mental health disorders. Many plans are now required to offer parity in coverage for mental health and substance abuse compared to physical health conditions. Long-term care insurance provides coverage for extended care needs, such as nursing home stays, assisted living facilities, and home health care, addressing the rising costs of long-term care for aging populations. Supplemental health insurance plans can be purchased to complement existing coverage, filling gaps in coverage or providing additional benefits. Examples include critical illness insurance, which provides a lump-sum payment upon diagnosis of a covered condition, and accident insurance, which covers medical expenses related to accidents. International health insurance caters to individuals living and working abroad, providing coverage for medical expenses incurred in foreign countries, including emergency medical evacuation and repatriation. Travel insurance, while not strictly health insurance, often includes medical coverage for emergencies during travel, covering doctor visits, hospitalization, and emergency medical evacuation. The specific coverage offered by a health insurance plan can vary significantly depending on the plan type, premium level, and insurance provider.
The global health insurance market is segmented by level of coverage, reflecting the diverse needs and financial capacities of individuals and families. Basic or limited coverage plans offer essential health benefits, typically focusing on preventive care, primary care visits, and some hospitalization coverage. These plans often have lower premiums but may involve higher out-of-pocket costs, such as deductibles, co-pays, and coinsurance, when accessing healthcare services. They are suitable for individuals who are generally healthy and seeking affordable protection against unexpected medical expenses. Comprehensive or enhanced coverage plans provide a wider range of benefits, including coverage for specialty care, diagnostic tests, prescription drugs, mental health services, and sometimes even dental and vision care. These plans usually have higher premiums but offer lower out-of-pocket costs compared to basic plans. They are ideal for individuals and families who require more extensive healthcare services or have a higher risk of needing medical care. Catastrophic coverage plans are designed to protect individuals from significant financial burdens due to major medical events, such as serious illnesses or accidents. These plans typically have very high deductibles, meaning the insured must pay a substantial amount out-of-pocket before coverage kicks in. However, once the deductible is met, the plan covers a significant portion of the remaining medical expenses. Catastrophic plans are suitable for young, healthy individuals who want protection against unforeseen, high-cost medical events while keeping their premiums low. Platinum, Gold, Silver, and Bronze plans, often used in health insurance marketplaces, represent different tiers of coverage, with Platinum plans offering the most comprehensive coverage and lowest out-of-pocket costs (but highest premiums), while Bronze plans offer the least comprehensive coverage and highest out-of-pocket costs (but lowest premiums). These tiered plans provide consumers with a standardized way to compare different options based on their budget and healthcare needs.
The global health insurance market is segmented by plan period, reflecting the duration of coverage offered to individuals and groups. Annual plans are the most common type, providing coverage for a period of one year. These plans typically require policyholders to pay premiums annually, although some insurers may offer the option to pay in installments (e.g., quarterly or monthly). Annual plans offer a balance of coverage and cost-effectiveness, making them a popular choice for many individuals and families. Short-term health insurance plans offer coverage for a limited period, typically ranging from a few months to less than a year. These plans are designed to provide temporary coverage for individuals who are between jobs, waiting for open enrollment periods, or need short-term protection while traveling or studying abroad. Short-term plans may have lower premiums than annual plans but often offer more limited benefits and may not cover pre-existing conditions. Long-term care insurance plans, as the name suggests, are designed to provide coverage for extended care needs over a long period, often several years or even decades. These plans cover the costs of long-term care services, such as nursing home stays, assisted living facilities, and home health care. Long-term care insurance is typically purchased by individuals in their middle age to prepare for potential long-term care needs in their later years. Lifetime health insurance plans offer coverage for the entire lifespan of the insured, providing continuous protection against healthcare expenses. These plans are less common than annual or short-term plans and may involve higher premiums. They are often offered through employer-sponsored programs or government-funded healthcare systems. Multi-year health insurance plans offer coverage for a period longer than one year, typically two or three years. These plans may offer discounted premiums compared to annual plans, providing some cost savings for policyholders who are willing to commit to a longer coverage period.
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The global health insurance market is significantly shaped by the concept of provider networks, which are groups of doctors, hospitals, and other healthcare providers that have contracted with insurance companies to provide services to their members at negotiated rates. Preferred Provider Organizations (PPOs) offer a balance of cost-effectiveness and flexibility. Members can choose to see providers within the PPO network and receive lower out-of-pocket costs, but they also have the option to see out-of-network providers, although they will typically pay more. PPOs offer a wider choice of providers compared to other network models. Health Maintenance Organizations (HMOs) emphasize coordinated care and cost containment. Members are typically required to select a primary care physician (PCP) within the HMO network, who acts as a gatekeeper for referrals to specialists. HMOs generally offer lower premiums and out-of-pocket costs compared to PPOs but have less flexibility in choosing providers. Exclusive Provider Organizations (EPOs) are similar to HMOs in that members are generally required to stay within the network for coverage, but they do not typically require a PCP referral to see specialists. EPOs offer a middle ground between HMOs and PPOs in terms of cost and flexibility. Point of Service (POS) plans combine features of HMOs and PPOs. Members can choose to see in-network providers for lower costs or go out-of-network for a higher cost, and they may need a PCP referral for specialists. POS plans offer more flexibility than HMOs but may have higher costs than PPOs. Accountable Care Organizations (ACOs) are groups of doctors, hospitals, and other healthcare providers who work together to deliver coordinated, high-quality care to their patients. ACOs focus on value-based care and aim to improve patient outcomes while reducing costs. They often partner with insurance companies to offer integrated care plans. The size and composition of provider networks can vary significantly depending on the insurance company, plan type, and geographic location. Larger networks typically offer members a wider choice of providers, while smaller networks may have more limited options.
The global health insurance market is intricately linked to a diverse landscape of healthcare providers, who form the backbone of service delivery and significantly influence market dynamics. Hospitals, ranging from large tertiary care centers to smaller community hospitals, provide a wide range of inpatient and outpatient services, including surgery, diagnostic testing, and emergency care. They are a crucial component of provider networks and play a central role in health insurance claims. Physicians, including primary care physicians, specialists, and surgeons, offer a broad spectrum of medical services, from routine checkups and preventive care to complex diagnoses and treatments. Their expertise is essential for managing patient health and coordinating care within the insurance framework. Clinics and medical centers provide ambulatory care services, including doctor visits, diagnostic testing, and minor procedures. They often serve as a convenient and cost-effective alternative to hospitals for certain types of care. Diagnostic laboratories and imaging centers offer a range of diagnostic services, such as blood tests, X-rays, MRIs, and CT scans, which are crucial for disease detection and treatment planning. Their services are frequently utilized by insured patients. Pharmacies dispense prescription medications and provide pharmaceutical care, playing a vital role in managing chronic conditions and treating acute illnesses. Prescription drug costs represent a significant portion of health insurance claims. Rehabilitation centers and physical therapists provide specialized care for patients recovering from injuries, surgeries, or illnesses, helping them regain function and mobility. Their services are often covered by health insurance plans. Mental health professionals, including psychiatrists, psychologists, and therapists, offer a range of mental health services, from therapy and counseling to medication management. Mental health coverage is increasingly integrated into health insurance plans. Home healthcare providers offer medical care and support services in patients' homes, including nursing care, physical therapy, and personal care. Home healthcare is a growing segment of the provider market, driven by the aging population and the preference for home-based care.
The global health insurance market serves a diverse range of buyers, each with unique needs, preferences, and purchasing power. Individuals constitute a significant segment, purchasing health insurance directly from insurers or through brokers. Their motivations for buying insurance vary, including protecting themselves from unexpected medical expenses, ensuring access to quality healthcare, and managing chronic conditions. Individual buyers range from young and healthy individuals seeking basic coverage to older adults requiring comprehensive plans. Families represent another substantial segment, seeking health insurance plans that cover all family members. Their purchasing decisions are often driven by the need to protect their children's health, manage family healthcare costs, and access pediatric care. Family plans can range from basic coverage to comprehensive packages with varying levels of cost-sharing. Employers are major buyers of health insurance, offering coverage to their employees as a benefit. Employer-sponsored health insurance plans are a crucial component of the healthcare system in many countries. Employers often negotiate group rates with insurers, providing cost-effective coverage to their workforce. The size and type of employer, as well as the industry they operate in, can influence their purchasing decisions. Small businesses also purchase health insurance for their employees, although they may have more limited options and negotiating power compared to larger employers. Small business owners often seek affordable plans that meet the basic healthcare needs of their employees. Government entities are significant buyers of health insurance, providing coverage to public sector employees, military personnel, and vulnerable populations. Government-sponsored health insurance programs play a crucial role in ensuring access to healthcare for all citizens. Senior citizens represent a distinct segment, with specific healthcare needs and concerns. They often require comprehensive coverage for chronic conditions, prescription drugs, and long-term care. Medicare and other government programs play a significant role in providing health insurance coverage for seniors in many countries.
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The global health insurance market is significantly influenced by demographic factors, as these characteristics shape healthcare needs, utilization patterns, and purchasing decisions. Age is a critical demographic variable. Infants and children require specific coverage for vaccinations, well-child visits, and common childhood illnesses. Adolescents may need coverage for mental health services and sports-related injuries. Adults in their prime working years often prioritize comprehensive coverage for preventative care, chronic disease management, and family planning. Senior citizens, on the other hand, require specialized plans catering to age-related health issues, such as arthritis, heart disease, and dementia, as well as long-term care needs. Gender also plays a role. Women often require coverage for reproductive health services, maternity care, and screenings for gender-specific cancers. Men may have different risk profiles for certain conditions, such as heart disease and prostate cancer. Income significantly impacts access to and affordability of health insurance. Individuals with higher incomes may opt for comprehensive plans with lower out-of-pocket costs, while those with lower incomes may rely on government subsidies or affordable basic plans. Income disparities can also influence health outcomes and access to quality care. Location is another important demographic factor. Urban areas often have a higher concentration of healthcare providers and greater access to specialized care, while rural areas may face shortages of healthcare professionals and limited access to services. Geographic location can also influence exposure to certain environmental health risks. Occupation can affect health insurance needs. Individuals in physically demanding jobs may have a higher risk of work-related injuries, requiring specialized coverage. Those in high-stress occupations may need access to mental health services. Certain industries may also offer employer-sponsored health insurance plans with specific benefits tailored to their workforce. Education level is often correlated with health literacy and awareness of health insurance options. Individuals with higher education levels may be more likely to understand the importance of health insurance and make informed decisions about their coverage.
The global health insurance market utilizes a diverse and evolving distribution channel landscape to reach its target audience. Agents and brokers play a crucial role, acting as intermediaries between insurers and individuals or businesses. They provide personalized advice, compare policies from multiple providers, and assist clients in selecting the most suitable coverage based on their needs and budget. Agents often focus on individual and family plans, while brokers typically work with businesses and larger organizations. Direct-to-consumer sales through online platforms, call centers, and company websites have witnessed significant growth. Insurers are increasingly leveraging digital channels to reach customers directly, offering convenient online enrollment processes, policy management tools, and 24/7 customer support. This channel empowers consumers with greater control and transparency in the purchasing process. Employer-sponsored health insurance plans are often distributed through human resources departments or benefits administrators. Employers play a key role in negotiating group rates with insurers and managing employee enrollment in health insurance plans. This channel remains a dominant force in many countries, particularly in developed economies. Government-sponsored health insurance programs are often distributed through government agencies, social security offices, or healthcare exchanges. These programs provide coverage to eligible individuals and families, often subsidized or fully funded by the government. Banks and financial institutions are increasingly partnering with insurers to offer health insurance products to their customers. This channel leverages the existing customer base and trusted relationships of financial institutions to expand access to health insurance. Online aggregators and comparison websites provide a platform for consumers to compare health insurance plans from multiple providers side-by-side.
The global health insurance market is geographically diverse, with distinct regional characteristics influencing market size, growth patterns, and competitive dynamics. North America, particularly the United States, holds the largest market share, driven by high healthcare expenditures, a well-established private health insurance system, and a large population with employer-sponsored coverage. The US market is characterized by a complex mix of private insurers, government programs like Medicare and Medicaid, and a growing emphasis on value-based care. Canada, with its universal healthcare system, has a smaller private health insurance market focused on supplemental coverage and services not fully covered by the public system. Europe represents another significant market, with varying healthcare models across different countries. Western Europe generally has well-developed public healthcare systems alongside private insurance options, while Central and Eastern Europe are witnessing growth in private health insurance adoption. The European market is characterized by increasing regulatory scrutiny, a focus on cost containment, and growing demand for digital health solutions. Asia Pacific is the fastest-growing region, driven by rising incomes, increasing awareness of health insurance, and expanding access to healthcare services in developing economies. China and India, with their large populations, represent significant growth opportunities, although access to affordable health insurance remains a challenge for many. Southeast Asia is also experiencing rapid growth, with increasing urbanization and a growing middle class fueling demand for private health insurance. Latin America is a developing market with a mix of public and private health insurance systems. Brazil and Mexico are the largest markets in the region, with increasing government initiatives to expand access to healthcare and growing private insurance penetration. However, challenges such as affordability, access to quality care, and regulatory complexities remain. The Middle East and Africa represent a diverse market with varying levels of healthcare infrastructure and insurance penetration. The Gulf Cooperation Council (GCC) countries have well-developed healthcare systems and a growing private health insurance market, driven by high incomes and mandatory health insurance regulations.
Table of Contents
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
List of Figures:
Figure 1. Research Method Flow Chart 15
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 18
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 20
Figure 4. Global Health Insurance Market, 2019-2030, $ mn 23
Figure 5. Impact of COVID-19 on Business 26
Figure 6. Primary Drivers and Impact Factors of Global Health Insurance Market 28
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 31
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 31
Figure 9. Primary Restraints and Impact Factors of Global Health Insurance Market 33
Figure 10. Investment Opportunity Analysis 37
Figure 11. Porter’s Fiver Forces Analysis of Global Health Insurance Market 40
Figure 12. Breakdown of Global Health Insurance Market by Coverage Type, 2019-2030, % of Revenue 45
Figure 13. Global Addressable Market Cap in 2021-2030 by Coverage Type, Value ($ mn) and Share (%) 45
Figure 14. Global Health Insurance Market: Medical Insurance, 2019-2030, $ mn 46
Figure 15. Global Health Insurance Market: Diseases Insurance, 2019-2030, $ mn 47
Figure 16. Global Health Insurance Market: Income Protection Insurance, 2019-2030, $ mn 48
Figure 17. Global Health Insurance Market: Other Insurance Types, 2019-2030, $ mn 49
Figure 18. Breakdown of Global Health Insurance Market by Level of Coverage, 2019-2030, % of Sales Revenue 51
Figure 19. Global Addressable Market Cap in 2021-2030 by Level of Coverage, Value ($ mn) and Share (%) 51
Figure 20. Global Health Insurance Market: Bronze Plan, 2019-2030, $ mn 52
Figure 21. Global Health Insurance Market: Silver Plan, 2019-2030, $ mn 53
Figure 22. Global Health Insurance Market: Gold Plan, 2019-2030, $ mn 54
Figure 23. Global Health Insurance Market: Platinum Plan, 2019-2030, $ mn 55
Figure 24. Breakdown of Global Health Insurance Market by Plan Period, 2019-2030, % of Sales Revenue 57
Figure 25. Global Addressable Market Cap in 2021-2030 by Plan Period, Value ($ mn) and Share (%) 57
Figure 26. Global Health Insurance Market: Lifetime Insurance, 2019-2030, $ mn 58
Figure 27. Global Health Insurance Market: Term Insurance, 2019-2030, $ mn 59
Figure 28. Breakdown of Global Health Insurance Market by Network, 2019-2030, % of Revenue 61
Figure 29. Global Addressable Market Cap in 2021-2030 by Network, Value ($ mn) and Share (%) 61
Figure 30. Global Health Insurance Market: Preferred Provider Organizations (PPOs), 2019-2030, $ mn 62
Figure 31. Global Health Insurance Market: Health Maintenance Organizations (HMOs), 2019-2030, $ mn 63
Figure 32. Global Health Insurance Market: Point of Services (POS), 2019-2030, $ mn 64
Figure 33. Global Health Insurance Market: Exclusive Provider Organization (EPO), 2019-2030, $ mn 65
Figure 34. Global Health Insurance Market: Other Networks, 2019-2030, $ mn 66
Figure 35. Breakdown of Global Health Insurance Market by Provider, 2019-2030, % of Revenue 68
Figure 36. Global Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%) 68
Figure 37. Global Health Insurance Market: Private Providers, 2019-2030, $ mn 69
Figure 38. Global Health Insurance Market: Public Providers, 2019-2030, $ mn 70
Figure 39. Global Health Insurance Market: Standalone Health Insurers, 2019-2030, $ mn 71
Figure 40. Breakdown of Global Health Insurance Market by Buyer, 2019-2030, % of Revenue 72
Figure 41. Global Addressable Market Cap in 2021-2030 by Buyer, Value ($ mn) and Share (%) 73
Figure 42. Global Health Insurance Market: Individuals, 2019-2030, $ mn 74
Figure 43. Global Health Insurance Market: Corporates, 2019-2030, $ mn 75
Figure 44. Global Health Insurance Market: Other Buyers, 2019-2030, $ mn 76
Figure 45. Breakdown of Global Health Insurance Market by Demographics, 2019-2030, % of Revenue 77
Figure 46. Global Addressable Market Cap in 2021-2030 by Demographics, Value ($ mn) and Share (%) 78
Figure 47. Global Health Insurance Market: Minors, 2019-2030, $ mn 79
Figure 48. Global Health Insurance Market: Adults, 2019-2030, $ mn 80
Figure 49. Global Health Insurance Market: Senior Citizens, 2019-2030, $ mn 81
Figure 50. Breakdown of Global Health Insurance Market by Distribution Channel, 2019-2030, % of Revenue 82
Figure 51. Global Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%) 83
Figure 52. Global Health Insurance Market: Insurance Agent & Brokers, 2019-2030, $ mn 84
Figure 53. Global Health Insurance Market: Direct Marketing, 2019-2030, $ mn 85
Figure 54. Global Health Insurance Market: E-commerce, 2019-2030, $ mn 86
Figure 55. Global Health Insurance Market: Other Distribution Channels, 2019-2030, $ mn 87
Figure 56. Global Market Snapshot by Region 88
Figure 57. Geographic Spread of Worldwide Health Insurance Market, 2019-2030, % of Sales Revenue 89
Figure 58. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 90
Figure 59. North American Health Insurance Market, 2019-2030, $ mn 93
Figure 60. Breakdown of North America Health Insurance Market by Country, 2019 and 2030, % of Revenue 94
Figure 61. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 95
Figure 62. U.S. Health Insurance Market, 2019-2030, $ mn 97
Figure 63. Canada Health Insurance Market, 2019-2030, $ mn 99
Figure 64. Health Insurance Market in Mexico, 2015-2030F, $ mn 101
Figure 65. European Health Insurance Market, 2019-2030, $ mn 104
Figure 66. Breakdown of European Health Insurance Market by Country, 2019 and 2030, % of Revenue 105
Figure 67. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 106
Figure 68. Health Insurance Market in Germany, 2019-2030, $ mn 107
Figure 69. Health Insurance Market in U.K., 2019-2030, $ mn 109
Figure 70. Health Insurance Market in France, 2019-2030, $ mn 111
Figure 71. Health Insurance Market in Spain, 2019-2030, $ mn 113
Figure 72. Health Insurance Market in Italy, 2019-2030, $ mn 115
Figure 73. Health Insurance Market in Netherlands, 2019-2030, $ mn 117
Figure 74. Health Insurance Market in Rest of Europe, 2019-2030, $ mn 119
Figure 75. Asia-Pacific Health Insurance Market, 2019-2030, $ mn 122
Figure 76. Breakdown of APAC Health Insurance Market by Country, 2019 and 2030, % of Revenue 122
Figure 77. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 124
Figure 78. Health Insurance Market in Japan, 2019-2030, $ mn 126
Figure 79. Health Insurance Market in China, 2019-2030, $ mn 128
Figure 80. Health Insurance Market in Australia, 2019-2030, $ mn 130
Figure 81. Health Insurance Market in India, 2019-2030, $ mn 132
Figure 82. Health Insurance Market in South Korea, 2019-2030, $ mn 134
Figure 83. Health Insurance Market in Rest of APAC, 2019-2030, $ mn 136
Figure 84. South America Health Insurance Market, 2019-2030, $ mn 139
Figure 85. Breakdown of South America Health Insurance Market by Country, 2019 and 2030, % of Revenue 139
Figure 86. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 140
Figure 87. Health Insurance Market in Argentina, 2019-2030, $ mn 141
Figure 88. Health Insurance Market in Brazil, 2019-2030, $ mn 143
Figure 89. Health Insurance Market in Chile, 2019-2030, $ mn 145
Figure 90. Health Insurance Market in Rest of South America, 2019-2030, $ mn 147
Figure 91. Health Insurance Market in Middle East and Africa (MEA), 2019-2030, $ mn 149
Figure 92. Breakdown of MEA Health Insurance Market by Country, 2019 and 2030, % of Revenue 149
Figure 93. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 150
Figure 94. Health Insurance Market in UAE, 2019-2030, $ mn 151
Figure 95. Health Insurance Market in Saudi Arabia, 2019-2030, $ mn 153
Figure 96. Health Insurance Market in South Africa, 2019-2030, $ mn 155
Figure 97. Growth Stage of Global Health Insurance Industry over the Forecast Period 158
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