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A03990 | Pages: 250 | Charts: 66 | Tables: 180 |
The global health insurance market was valued at $2.6 trillion in 2023, and is projected to reach $6.2 trillion by 2032, growing at a CAGR of 9.8% from 2024 to 2032.
The market is experiencing significant growth due to increasing healthcare costs and heightened awareness of health and wellness. This expansion is further driven by government initiatives to enhance healthcare accessibility and the rising demand for comprehensive coverage plans.
Health insurance is an agreement that is made between a person and an insurance company. In return for regular premium payments, the insurer offers to pay for a percentage of the insured's medical costs. Preventive care, prescription drugs, hospital stays, surgeries, and doctor visits are all covered by this insurance. Insurance for health can be obtained through employer-sponsored plans, government programs, or private businesses. It seeks to shield people from excessive, unforeseen healthcare expenses and guarantee that they can obtain essential medical care without suffering severe financial hardship.
The health insurance market size study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2024-2032.
Several product literatures, industry releases, annual reports, and other such documents of major health insurance industry participants along with authentic industry journals, associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global health insurance market forecast and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
Key Market Players