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Global Health Insurance Market 2016-2020

Global Health Insurance Market 2016-2020

About Health Insurance

Health insurance is a type of insurance where the insurer pays the medical expenses on behalf of the insured. The insurer has to pay a monthly premium to the health insurance company, which can be on a monthly, quarterly, or annual basis. Health insurance covers disability and long term nursing. The healthcare providers cover the costs related to medical treatments, drugs, and other expenses. The coverage depends on the health insurance plan taken by the insurer. Health insurance plans are provided through direct-insurance companies, independent brokers, and employer-sponsored programs. Beside the premiums being paid by the insurer, there are other additional costs that are taken into consideration in health insurance coverage that includes co-insurance, co-payments, deductibles, and stop loss limits.

Technavio’s analysts forecast the global health insurance market to grow at a CAGR of 11.14% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global health insurance market for 2016-2020. To calculate the market size, the report considers the total amount of premium generated primarily in emerging markets, such as APAC, EMEA, and the Americas.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Health Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Zurich Insurance
  • United Healthcare
  • Aviva
  • AXA
  • Allianz
Other prominent vendors
  • Aetna Foundation
  • AIA Insurance
  • Blue Cross Blue Shield
  • Kaiser foundation
Market driver
  • Growth in the number of aging population and increase in life expectancy
  • For a full, detailed list, view our report
Market challenge
  • Pressure in cost associated with health insurance
  • For a full, detailed list, view our report
Market trend
  • Innovations in healthcare products and solutions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Health Insurance Market 2016-2020

Technavio recognizes the following companies as the key players in the global health insurance market: Zurich Insurance, United Healthcare, Aviva, AXA, and Allianz.

Other Prominent Vendors in the market are: Aetna Foundation, AIA Insurance, Blue Cross Blue Shield, and Kaiser foundation.

Commenting on the report, an analyst from Technavio’s team said: “Innovations in healthcare products and solutions will be a key trend for market growth. It is important for healthcare providers to formulate different business models that will help them understand the customer value proposition. This is done by understanding different customer segments and investment patterns in health coverage policies. Therefore, it is important to understand the demographics and behavioral data statistics, which would also help in personalized relationship development.”

According to the report, increase in chronic diseases will be a key driver for market growth. Chronic diseases, like stroke, heart disease, cancer, type 2 diabetes, and arthritis, have become very common across the globe. This has led to the health risk behaviors among different individuals. Individuals and families that have employer-sponsored healthcare have greater out of pocket costs in case of chronic sickness. Therefore, there are many private as well as government health insurance companies that are providing chronic disease management solutions. This integrated approach helps in managing the illness of individuals, which includes check-ups, screening, monitoring, among others. This management program also helps in educating patients about various diseases, thereby improving quality of life and reducing healthcare costs for individual customers.

Further, the report states that lower penetration of healthcare services and health insurance in developing countries will be a major challenge for the market. There has been lower penetration of healthcare services and health insurance in developing countries. This is due to the lack of reach and accessibility to different customer segments. There is a huge untapped population that does not have any access to hospital facilities. On the other hand, the rural population lack awareness about the health products, as literacy rate is lower in the rural populace as compared to the people staying in the urban and metro areas. This requires information awareness.

Companies Mentioned

Zurich Insurance, United Healthcare, Aviva, AXA, Allianz, Aetna Foundation, AIA Insurance, Blue Cross Blue Shield, Kaiser foundation.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Countries covered for market analysis
      • Table Countries covered region-wise
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Key market highlights
    • Health insurance definition
    • Insurance transaction
      • Table Life cycle of insurance
    • Global health insurance outlook
  • Market landscape
    • Market overview
      • Table Types of health insurance plans
    • Market size and forecast
      • Table Global health insurance market, 2015-2020 ($ trillions)
  • Five forces analysis
    • Table Five forces analysis
  • Geographical segmentation
    • Geographical segmentation 2015-2020
      • Table Geographical segmentation, 2015
    • Geographical segmentation 2020
      • Table Geographical segmentation, 2020
    • Americas
      • Table Health insurance market in Americas, 2015-2020 ($ Billions)
      • Table Health savings account contribution limits, deductibles, and out of pocket expenses limit, 2015-2016 (in Americas)
    • EMEA
      • Table Health insurance market in EMEA, 2015-2020 ($ Billions)
    • APAC
      • Table Health insurance market in APAC, 2015-2020 ($ billions)
      • Table Key market healthcare insurance environment in APAC
      • Table Key market healthcare insurance environment in APAC
  • Market drivers
    • Aging population and increase in life expectancy
      • Table Global aging population, 2015 and 2030
    • Increase in income of individuals
      • Table Global high net worth individuals 2015
    • Increase in chronic diseases
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Pressure in cost associated with health insurance
    • Lower penetration of healthcare services and health insurance in developing countries
    • Technology disrupting existing business model
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Adoption of social media
      • Table Social media benefits
    • Innovations in healthcare products and solutions
      • Table Innovative healthcare products
      • Table Innovations in customer services
      • Table Customer connectivity
    • Mergers and acquisition
    • Big data analytics
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Competition analysis
    • Zurich Insurance Group
      • Table Zurich Insurance Group: Business segmentation
      • Table Business segmentation by BOP, 2015 (% Share)
      • Table Products and service portfolio of Zurich Insurance Group
      • Table Financials of Zurich Insurance Group, 2015
    • United Healthcare
      • Table United Healthcare Group business segment
      • Table United Healthcare insurance segments coverage
      • Table Financials of United Healthcare, 2015
    • Aviva
      • Table Financials of Aviva, 2015
    • AXA
      • Table Financials of Axa, 2015
    • Allianz
      • Table Financials of Allianz, 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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