Showing posts with label Health Insurance Market Analysis. Show all posts
Showing posts with label Health Insurance Market Analysis. Show all posts
Monday, 17 August 2020
Wednesday, 20 May 2020
Health Insurance Market to Grow at a Steady Rate through 2025 – TechSci Research
Increasing geriatric population across the globe to drive the growth of global health insurance market
According to TechSci Research report, “Global Health Insurance Market By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Insurance Type (Disease, Medical, Income Protection), By Type of Scheme (Voluntary, Mandatory, Community-based, Employer based), By Type of Coverage (Individual v/s Family), By Term of Coverage (Term v/s Lifetime), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025”, the global health insurance market is expected to grow at a steady rate during the forecast period on account of the growing healthcare expenditure in various economies. Additionally, increasing hospital stays and expensive treatment procedures have increased the affordability concerns for the patients. Growing need to ensure efficient flow of treatment without any kind of inconvenience being caused to the patients due to delay in the payment processes is further expected to propel the market growth over the next few years. Besides, increasing healthcare awareness coupled with supportive government policies & schemes is further expected to fuel the market growth. However, heavy competition due to emergence of new players and low profit margins might hamper the market growth through 2025. Also, stringent regulations and longer duration of claim reimbursement might further restrict the market growth. Moreover, lack of awareness and adoption of health insurance policies especially in the underdeveloped economies is expected to impede the market growth.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Global Health Insurance Market"
The global health insurance market is segmented based on type of insurance provider, insurance type, type of scheme, type of coverage, term of coverage, mode of purchase, end users, company and region. Based on term of coverage, the market can be split into term and lifetime. Among these, the lifetime segment is expected to dominate the market since most of the health insurance providers offer lifetime coverage in their health insurance plans. Based on end users, the market can be fragmented into minors, adults and senior citizens. Here, the adults segment is expected to dominate the market owing to the increasing susceptibility to sedentary lifestyle associated diseases and chronic diseases. On the other hand, the minor segment is expected to witness significant growth in the market on account of availability of attractive policies for children, which are available at lower premium and include additional perks such as cashless hospitalization.
Allianz Group, Assicurazioni Generali S.p.A., AIA Group Limited, Anthem, Inc., AXA Equitable Life Insurance Company, China Life Insurance Company Limited, Munich Re, Ping An Insurance (Group) Company of China, Ltd., State Farm Group, Zurich Insurance Group and others are some of the leading players operating in global health insurance market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“North America is expected to dominate the global health insurance market during the forecast period, owing to the availability of favourable health insurance landscape in the region. Additionally, growing geriatric population and prevalence of chronic diseases on account of the sedentary lifestyle of the population is further expected to spur the market growth. Furthermore, increasing healthcare costs & expenses in the region especially in the United States are expected to create lucrative opportunities for the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Health Insurance Market By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Insurance Type (Disease, Medical, Income Protection), By Type of Scheme (Voluntary, Mandatory, Community-based, Employer based), By Type of Coverage (Individual v/s Family), By Term of Coverage (Term v/s Lifetime), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global health insurance market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global health insurance market.
Global Healthcare Payer Solutions Market By Service Type (BPO, ITO, KPO), By Application (Claims Management Service, Provider Management Service, Member Management Service, HR services, Analytics & Fraud Management Service, Billing & Accounts Management Service, Others), By End User (Public v/s Private), By Region, Forecast & Opportunities, 2025
India Health Insurance Market By Type of Insurance Provider (Public, Private, Others), By Insurance Type (Disease, Medical, Income Protection), By Type of Scheme (Voluntary, Mandatory, Others), By Type of Coverage (Individual, Family), By Term of Coverage (Term, Lifetime), By Cash Limit (Up to 2 Lakh, 2.1-3 Lakh, Others), By Mode of Purchase (Online Portal, Insurance Agent, Others), By End User (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025
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Mr. Ken Mathews
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New York – 10017
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Monday, 13 April 2020
India Health Insurance Market to Witness Robust CAGR until 2025 – TechSci Research
Growing awareness regarding advantages offered by health insurance companies and increasing disposable income to drive the growth of India health insurance market
According to TechSci Research report, “India Health Insurance Market By Type of Insurance Provider (Public, Private, Others), By Insurance Type (Disease, Medical, Income Protection), By Type of Scheme (Voluntary, Mandatory, Others), By Type of Coverage (Individual, Family), By Term of Coverage (Term, Lifetime), By Cash Limit (Up to 2 Lakh, 2.1-3 Lakh, Others), By Mode of Purchase (Online Portal, Insurance Agent, Others), By End User (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025”, India health insurance market is expected to register robust growth during forecast period. Surging working population, increasing disposable income and rising awareness towards policies offered by health insurance companies are the major factors driving the Indian health insurance market. Additionally, the mandatory provision of providing health insurance for both private and public sector employees is further anticipated to fuel the growth of health insurance market in India through 2025.
Moreover, Government of India had launched National Health Protection Scheme under ‘Ayushman Bharat’ which provides coverage of up to USD7,723 to more than 100 million vulnerable families. This gave a boost to the health insurance sector in the country. This has further driven insurance penetration in the country and proliferation of insurance schemes, thereby positively impacting the market growth.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " India Health Insurance Market"
India health insurance market is segmented based on type of insurance provider, insurance type, type of scheme, type of coverage, term of coverage, cash limit, mode of purchase, end user and region. Based on type of insurance provider, the market is segmented into public, private and standalone health insurers. In 2019, private insurance providers accounted for the largest share in India health insurance market. Private insurance providers offer quick referral to a consultant, provide advanced treatment options and have quick and flexible treatment time for users in private hospitals. Based on insurance type, the market is segmented into disease, medical and income protection. In 2019, medical insurance type dominated the health insurance market in India owing to increasing cases of road accidents in the country. Medical insurance covers almost all the incurred expenses while admitting a patient to a hospital in the event of any medical agency. It may include cost of medical admission, diagnostic tests including MRI & CT scan, hospital accommodation, nursing care, surgery and cost of seeing consultant or a doctor.
Major players operating in the India health insurance market include Life Insurance Corp of India, Apollo Munich Health Insurance Company Limited, Max Life Insurance Company Limited, HDFC Standard Life Insurance Co. Ltd., Aditya Birla SunLife Insurance Co. Ltd., SBI Life Insurance Co. Ltd. , ICICI Prudential Life Insurance Co. Ltd., TATA-AIG General Insurance Company Limited, United India Insurance Company Limited, National Insurance Company Limited, Bajaj Allianz General Insurance Religare , Health Insurance Company Limited, Bharti Axa General Insurance Company Ltd., Star Health and Allied Insurance Co Ltd, Iffco Tokio General Insurance Ltd, Manipal Cigna Health Insurance Limited and others. Various insurance providing companies are focusing on developing a strong base in e-commerce market as users prefer to understand, compare, and apply for the health coverage & buy insurance packages online.
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“The private health insurance sector in India is anticipated to witness higher growth rate due to increasing preference of population towards private insurance policies as they tend to provide customized coverage to the individual based on his budget or cover needed. However, future looks promising for all types of healthcare insurance providers as more and more Indians are taking interest towards securing themselves and their loved ones against all odds by buying insurances ranging from health to life. Additionally, rise in middle-class population, young insurable population and growing awareness regarding the need for insurance protection cover are anticipated to propel the health insurance market in India until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Health Insurance Market By Type of Insurance Provider (Public, Private, Others), By Insurance Type (Disease, Medical, Income Protection), By Type of Scheme (Voluntary, Mandatory, Others), By Type of Coverage (Individual, Family), By Term of Coverage (Term, Lifetime), By Cash Limit (Up to 2 Lakh, 2.1-3 Lakh, Others), By Mode of Purchase (Online Portal, Insurance Agent, Others), By End User (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of India health insurance market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India health insurance market.
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Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
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