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The global market for health and medical insurance providers reached $1.1 trillion in 2016

 

NEW YORK, Jan. 3, 2018 /PRNewswire/ --

• The global market for health and medical insurance providers reached $1.1 trillion in 2016. This market is estimated to reach $$1.6 trillion in 2020 from $1.2 trillion in 2017 at a compound annual growth rate (CAGR) of 8.6% for 2016-2020.



Read the full report: https://www.reportlinker.com/p05264586


Asia-Pacific market will grow from $98.9 billion in 2016 to $193.8 billion in 2020 at a CAGR of 18.3% for 2016-2020.
Western Europe market will grow from $136.3 billion in 2016 to $154.2 billion in 2020 at a CAGR of 3.1% for 2016-2020.

Chapter 1: Introduction
BCC Research's goal in performing this study was to determine the global market and future demand growth for health and medical insurance providers over the five-year period from 2016 through 2020. Of particular focus was characterizing and quantifying the potential of the market for health and medical insurance providers by geography, and product (i.e., agents & brokers, direct writing, and bancassurance & others).

The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail.

Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-theart is in health and medical insurance providers and forecast the future commercial potential for the key market segments.

This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit health and medical insurance providers, healthcare providers, users of health and medical insurance providers, hospitals, governments around the world, and others.

Study Goals and Objectives
- To sum up the global health and medical insurance providers market size.
- To estimate the growth rate of the global health and medical insurance providers market.
- To segment the market in the deepest possible way.
- To provide market numbers and growth rates at geographically.
- To identify major drivers and restraints.
- To identify key trends and technology updates in the field.

Reasons for Doing This Study
Increasing investments in public health insurance systems, and increasing aging population, especially in developing countries, including India, China, and Brazil has led to an increase in demand for health and medical insurance.

The global health and medical insurance providers market is growing due to continued economic growth, expanding healthcare market, positive demographic trends, reforms and initiatives by governments, policies inviting foreign investment, rising pollution, increasing income levels, and rising health awareness. These factors are expected to drive the health and medical insurance providers market.

The market for health and medical insurance providers is marginally consolidated with a few large players dominating the market. Major players in the market are UnitedHealth Group Inc., Anthem, Allianz, Aetna Inc., Humana, and Centene Corporation among others.

Scope of Report
This research report categorizes the health and medical insurance providers market by type. Product type include agents & brokers, direct writing, and bancassurance & others.

Information Sources
- Public information via annual reports to shareholders as well as other government reports that are available for public review.
- Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
- Online research including third-party references.
- Trade associations, directories and publications.
- Telephone interviews with both current customers and prospects. - Various private industry sources.

Methodology
Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data.

Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.
Market numbers have been calculated in constant U.S. dollars.

Geographic Breakdown

In this report, the geographic regions and countries considered for market analysis include, and only include:
- Asia Pacific: Australia, China, India, Japan,
- North America: USA
- South America: Brazil
- Western Europe: UK, Germany, France, Spain and Italy
- Eastern Europe: Russia
- Middle East
- Africa

Health and Medical Insurance Providers Market, by Segment
Agents & Brokers
Direct Writing
Bancassurance & Others

Health and Medical Insurance Providers Market, by Region
Asia Pacific
North America
Western Europe
South America
Eastern Europe
Middle East Africa

Chapter 2: Summary and Highlights
Global health and medical insurance providers market is currently in a very crucial phase of transformation. Increased demand for healthcare services as a result of a rise in disposable income and increasing prevalence of chronic diseases drove the health and medical insurance providers market.

This trend was mainly driven by India and China where development in healthcare infrastructure development and increasing public and private investment led to increased demand for health and medical insurance. In addition, rising economic growth and rising lifestyle related medical conditions is continuously generating demand for health and medical insurance market. At the same time, low healthcare access in low-income countries and free or subsidized healthcare in many countries affected growth of the health and medical insurance providers market.

The market for health and medical insurance providers reached a value of nearly $1.1 trillion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% to nearly $1.6 trillion by 2020.

The market for health and medical insurance providers is marginally consolidated with a few large players dominating the market. Major players in the market are UnitedHealth Group Inc., Anthem, Allianz, Aetna Inc., Humana, and Centene Corporation among others.

Read the full report: https://www.reportlinker.com/p05264586

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