Synopsis
The global market for Health and Medical Insurance was estimated to be worth US$ 86970 million in 2024 and is forecast to a readjusted size of US$ 121090 million by 2031 with a CAGR of 4.9% during the forecast period 2025-2031.
Health insurance is a means for financing a person’s health care expenses. While the majority of people have private health insurance, primarily through an employer, many others obtain coverage through programs offered by the government. Other individuals do not have health insurance at all.
North America is the largest region of health and medical insurance in the world in the past few years and it will keep increasing in the next few years. North America market took up about 36.3% the global market, while Europe and APAC were about 29.7%, 23.8%.
Market Drivers
Rising Healthcare Costs: Increasing medical expenses push individuals and employers to seek insurance coverage for financial protection.
Aging Population: Older demographics require more medical care, boosting demand for health insurance.
Chronic Disease Prevalence: Higher rates of diabetes, heart disease, and cancer increase the need for insurance.
Technological Advancements: Digital health tools (telemedicine, AI diagnostics) encourage insurers to offer innovative plans.
This report aims to provide a comprehensive presentation of the global market for Health and Medical Insurance, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Health and Medical Insurance by region & country, by Type, and by Application.
The Health and Medical Insurance market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Health and Medical Insurance.
Market Segmentation
By Company
Anthem
UnitedHealth Group
DKV
BUPA
Chinalife
Aetna
PICC
PingAn
Star Health & Allied Insurance
Cigna
Essential Med
Kunlun
Segment by Type
Individual/Family Health Insurance Products
Group Health Insurance Products
Segment by Application
Comprehensive Plan
Treatment and Care
Other (Dental, Child, etc.)
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Health and Medical Insurance company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Health and Medical Insurance in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Health and Medical Insurance in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Index
Available Upon Request