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Healthcare Insurance Market Size to Reach $2.2 Trillion by 2024 www.psmarketresearch.com


Healthcare Insurance Market

Healthcare insurance market is expected to generate a revenue of $2.2 trillion by 2024, advancing at a CAGR of 4.3% during the forecast period, the market is driven by rising prevalence of chronic diseases, growing geriatric population, increasing healthcare expenditure, and high medical costs, globally. Explore report at: https://www.psmarketresearch.com/market-analysis/healthcare-insurancemarket

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Healthcare Insurance Market Term and lifetime are the two types of coverage available in the healthcare insurance market. Term coverage category is estimated to dominate the market, contributing 76.5% share to the overall market in 2018. This can be attributed to several advantages associated with this category, such as low cost of premiums, receipt of a lump sum amount at the end of the term, and increasing awareness about the benefits of health insurance among the global population. The service provider segment is categorized into public and private service providers. Public service provider is the leading category in the healthcare insurance market. The category is estimated to generate revenue of around $0.9 trillion in 2018 and is expected to reach $1.2 trillion by 2024, progressing at a CAGR of 4.1%. However, private service provider category is predicted to witness faster growth in the market, advancing at a CAGR of 4.7% during the forecast period. Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiryurl=healthcare-insurance-market

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Healthcare Insurance Market

Globally, the healthcare insurance market is expected to witness the fastest growth in APAC, progressing at a CAGR of 5.7% during the period 2019–2024. The APAC market is projected to generate approximately $0.5 trillion revenue by 2024. This growth is mainly led by expanding healthcare industry, increasing healthcare awareness, and surging prevalence of chronic ailments in the region. Increasing medical tourism industry is also supporting the growth of the market in APAC. Request for report sample at: https://www.psmarketresearch.com/market-analysis/healthcareinsurance-market/report-sample

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Healthcare Insurance Market

Globally, the healthcare insurance market is witnessing rapid evolution with a substantial increase in the number of product launches and expansion. For instance, in January 2019, Aviva plc launched a new approach for its midmarket clients so as to expand its corporate level services and customer level underwriting. This approach is advocated by technological advancements, and helps in expanding the network of specialists. Similarly, in financial year 2017–2018, Apollo Munich Health Insurance Company, headquartered in India, launched a new product called health wallet. Funds deposited in this wallet can be used by consumers for outpatient department (OPD) expenses, non-payable items under the insurance policy, and renewing the plan (up to 50% of the amount). Some of the key players operating in the global healthcare insurance market are Allianz Group, Anthem Inc., Centene Corporation, Kaiser Permanente, Cigna Corporation, Gulf Insurance Group, International Medical Group Inc., Zurich Insurance Group, and Aetna Inc.

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5/17/2019

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Healthcare Insurance Market Analysis and Forecast Report 2024  

Healthcare insurance market is expected to generate a revenue of $2.2 trillion by 2024, advancing at a CAGR of 4.3% during the forecast peri...

Healthcare Insurance Market Analysis and Forecast Report 2024  

Healthcare insurance market is expected to generate a revenue of $2.2 trillion by 2024, advancing at a CAGR of 4.3% during the forecast peri...

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