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Health Insurance Market 2021: Size, Share, Industry Analysis Report and Forecast to 2026 | IMARC Group
The global health insurance market grew at a CAGR of around 5% between 2015 and 2020. Looking ahead, IMARC Group expects the market to show moderate growth over the next five years. York, February 23, 2021 (GLOBE NEWSWIRE) – The global health insurance market grew at a CAGR of around 5% between 2015 and 2020. Health insurance refers to a type of insurance that periodically charges an amount predefined to the individual and pays the medical and surgical expenses incurred by the policyholder in the event of a medical emergency. A health insurance plan usually covers services such as diagnosis and treatment of chronic conditions, psychiatric care, emergency evacuation, inpatient and outpatient care, maternity, dental care, etc. Nowadays, many health insurance companies offer health coverage, in which medical care is provided at home for specific conditions. Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report. Click here to get the short and long term impact of COVID-19 on this market: https://www.imarcgroup.com/health-insurance-market Global Health Insurance Market Trends: Rising Costs of health services, at the confluence with the increasing prevalence of diabetes, cancer, stroke and kidney failure, represents one of the key factors in the increase in demand for health insurance worldwide. In addition, government agencies in several countries require employers to provide health insurance to their employees. These agencies also enforce laws that require international health insurance for tourists. Apart from this, the growing geriatric population encourages adoption of public health insurance programs or plans offered at low premium rates. In addition, the growing health awareness and improved healthcare infrastructure are other factors that are supporting the growth of the market. In addition to this, various companies cover medical costs incurred while treating coronavirus disease (COVID-19). They are also focusing on the digitalization of claims handling and policy management, which is expected to positively influence the market in the coming years. Looking ahead, IMARC Group expects the global health insurance market to show moderate growth over the next five years. The Health Insurance market report has segmented the market on the basis of provider, type, type of plan, demographics, type of provider, end use, and region. Request customization: https://www.imarcgroup.com/request?type=report&id=3051&flag=E Breakage by supplier: private providers Provides public providers by type: lifetime coverage Insurance Other breakdowns by demographic data: MinorAdultsSenior Citizen Breakup by Provider Type: Preferred Provider Organizations (PPOs) Point of Service (POS) Health Maintenance Organizations (HMOs) Exclusive Provider Organizations (OEB) Distribution by region: North America United StatesCanada Asia-Pacific ChinaJapanIndiaSouth KoreaAustraliaIndonesiaOther Europe Germany KingdomItalySpainRussiaOther Latin America BrazilMexicoOther Middle- East and Africa Do you have questions? Speak to an Analyst at https://www.imarcgroup.com/request?type=report&id=3051&flag=C The competitive landscape of the market has been analyzed in the report along with detailed profiles of major players. Some of these players include Aetna Inc. (CVS Health Corporation), AIA Group Limited, Allianz SE, Aviva Plc, Berkshire Hathaway Inc., Cigna Corporation, International Medical Group Inc. (Sirius International Insurance Group Ltd.), Prudential Plc, United Health Group Inc. and Zurich Insurance Group AG. 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We partner with clients across industries and regions to identify their most important opportunities, address their most critical challenges and transform their businesses. IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise. Syndicated Analytics, a subsidiary of the IMARC group, offers consulting services and provides comprehensive business intelligence in the form of research reports, production cost reports and feasibility studies. 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