Business and Investment Opportunity in the Indian Health Insurance Industry: Analyses and Forecasts to 2016 Key Highlights of the report on India's Health Insurance market:
The Indian health insurance market accounted for only 3.2% of the overall insurance industry in 2011. The driving factors for the health insurance sector are rising healthcare expenditure, increasing disposable income and the rise in the number of people with affluent lifestyles. During the review period, the penetration of Indian health insurance products increased from 0.07% in 2007 to 0.19% in 2011, as many new policies were sold in rural India. Although the health insurance market is currently dominated by public-sector companies, the top six private health insurance companies increased their cumulative market share from 17.2% to 29.1% during the review period One of the key challenges for the health insurance market is the low coverage of plans in terms of both the diseases and the hospitals covered.
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Health Insurance Industry
Report Details: Published: January 2012 No. of Pages: 54 Price: Single User License – US$1950
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Executive Summary Since the liberalization in 2000, the insurance industry in India has been growing considerably driven by multiple favorable economic and demographic factors. The Indian health insurance market grew at a CAGR of 34.00% during the review period and is expected to grow at a CAGR of 23.51% over the forecast period to register the fastest growth among all the insurance sectors. Factors such as robust economic growth, changing demographic patterns such as the rise in ‘double-income no kids’ families, increased FDI limits and the expansion of distribution channels are expected to contribute to the market growth in the forecast period. Of the overall healthcare expenditure in India, only 26% comes from the local, state and central government authorities, while nearly 71% is paid by the patient’s family. Insurance accounts for just 3% of overall healthcare expenditure in India, indicating a substantial opportunity for the health insurance sector. The health insurance market is dominated by public-sector companies, while the private sector has made gradual progress in the sector.
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Assess the overall healthcare sector in India with focus on key trends such as medical tourism and telemedicine Make strategic business decisions using top-level historic and forecast market data related to the Indian health insurance industry Understand the demand-side dynamics, key market trends and growth opportunities within the Indian health insurance industry Assess the competitive dynamics in the health insurance industry and the future outlook Gain insights into the key regulations governing the Indian insurance industry Understand the product innovation strategies and the customer targeting strategies followed in the industry
Major points covered in Table of Contents of this report include 1 Executive Summary 2 Indian Health Insurance Market Attractiveness 3 Indian Health Insurance Market Trends and Drivers 4 Competitive Landscape & Key Market Indicators 5 Product Strategy and Customer Segmentation 6 Distribution Channels 7 Challenges 8 Case Studies of Health Plans 9 Company Profiles 10 Appendix List of Tables List of Figures Request a Sample for or Inquire before buying the report @ http://www.reportsnreports.com/reports/144814-business-and-investment-opportunity-in-theindian-health-insurance-industry-analyses-and-forecasts-to-2016.html Contact: Priyank Tiwari 7557 Rambler road, Suite 727, Dallas, TX 75231 Tel: +1-888-391-5441 email@example.com Visit our Market Research Blog @ http://www.reportsnreportsblog.com/ Connect With Us:
Published on Jan 18, 2012
BRICdata’s new report “Business and Investment Opportunity in the Indian Health Insurance Industry: Analyses and Forecasts to 2016” is now a...