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Critical Illness Insurance Industry Research Report 2024

April 2024 | 140 pages | ID: C3B256A470FCEN
APO Research

US$ 2,950.00

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Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.

According to APO Research, The global Critical Illness Insurance market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global critical illness insurance key players include China Life Insurance , Ping An Insurance, China Pacific Insurance, etc. Global top three manufacturers hold a share over 35%.

China is the largest market, with a share about 50%, followed by North America and Europe, both have a share about 30 percent.

In terms of application, the largest application is Cancer, followed by Heart Attack, Stroke, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Critical Illness Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Critical Illness Insurance.

The Critical Illness Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Critical Illness Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • China Life Insurance
  • Ping An Insurance
  • China Pacific Insurance
  • Aviva
  • Legal & General
  • New China Life Insurance
  • AXA
  • Prudential plc
  • Aegon
  • Allianz
  • AIG
  • UnitedHealthcare
  • Zurich
  • MetLife
  • Dai-ichi Life Group
  • Sun Life Financial
  • Huaxia life Insurance
  • Aflac
  • Liberty Mutual
  • HCF
  • Generali Group
  • Royal London
  • Scottish Windows
  • Livepool Victoria
  • Vitality
Critical Illness Insurance segment by Type
  • By Type
  • Whole-life Insurance
  • By Age
  • 30-40 Years Old
  • 41-50 Years Old
  • >$50 Years Old
Critical Illness Insurance Segment by Application
  • Cancer
  • Heart Attack
  • Stroke
  • Other
Critical Illness Insurance Segment by Region
  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Nordic Countries
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Critical Illness Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Critical Illness Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Critical Illness Insurance.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 6: Detailed analysis of Critical Illness Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.

Chapter 13: The main points and conclusions of the report.

Chapter 13: The main points and conclusions of the report.
1 PREFACE

1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
  1.5.1 Secondary Sources
  1.5.2 Primary Sources

2 MARKET OVERVIEW

2.1 Product Definition
2.2 Critical Illness Insurance By Type
  2.2.1 Market Value Comparison By Type (2019 VS 2023 VS 2030)
  2.2.2 By Type
  2.2.3 By Age
2.3 Critical Illness Insurance by Application
  2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
  2.3.2 Cancer
  2.3.3 Heart Attack
  2.3.4 Stroke
  2.3.5 Other
2.4 Assumptions and Limitations

3 CRITICAL ILLNESS INSURANCE BREAKDOWN DATA BY TYPE

3.1 Global Critical Illness Insurance Historic Market Size by Type (2019-2024)
3.2 Global Critical Illness Insurance Forecasted Market Size by Type (2025-2030)

4 CRITICAL ILLNESS INSURANCE BREAKDOWN DATA BY APPLICATION

4.1 Global Critical Illness Insurance Historic Market Size by Application (2019-2024)
4.2 Global Critical Illness Insurance Forecasted Market Size by Application (2019-2024)

5 GLOBAL GROWTH TRENDS

5.1 Global Critical Illness Insurance Market Perspective (2019-2030)
5.2 Global Critical Illness Insurance Growth Trends by Region
  5.2.1 Global Critical Illness Insurance Market Size by Region: 2019 VS 2023 VS 2030
  5.2.2 Critical Illness Insurance Historic Market Size by Region (2019-2024)
  5.2.3 Critical Illness Insurance Forecasted Market Size by Region (2025-2030)
5.3 Critical Illness Insurance Market Dynamics
  5.3.1 Critical Illness Insurance Industry Trends
  5.3.2 Critical Illness Insurance Market Drivers
  5.3.3 Critical Illness Insurance Market Challenges
  5.3.4 Critical Illness Insurance Market Restraints

6 MARKET COMPETITIVE LANDSCAPE BY PLAYERS

6.1 Global Top Critical Illness Insurance Players by Revenue
  6.1.1 Global Top Critical Illness Insurance Players by Revenue (2019-2024)
  6.1.2 Global Critical Illness Insurance Revenue Market Share by Players (2019-2024)
6.2 Global Critical Illness Insurance Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Critical Illness Insurance Head office and Area Served
6.4 Global Critical Illness Insurance Players, Product Type & Application
6.5 Global Critical Illness Insurance Players, Date of Enter into This Industry
6.6 Global Critical Illness Insurance Market CR5 and HHI
6.7 Global Players Mergers & Acquisition

7 NORTH AMERICA

7.1 North America Critical Illness Insurance Market Size (2019-2030)
7.2 North America Critical Illness Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Critical Illness Insurance Market Size by Country (2019-2024)
7.4 North America Critical Illness Insurance Market Size by Country (2025-2030)
7.5 United States
7.6 Canada

8 EUROPE

8.1 Europe Critical Illness Insurance Market Size (2019-2030)
8.2 Europe Critical Illness Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Critical Illness Insurance Market Size by Country (2019-2024)
8.4 Europe Critical Illness Insurance Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries

9 ASIA-PACIFIC

9.1 Asia-Pacific Critical Illness Insurance Market Size (2019-2030)
9.2 Asia-Pacific Critical Illness Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Critical Illness Insurance Market Size by Country (2019-2024)
9.4 Asia-Pacific Critical Illness Insurance Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia

10 LATIN AMERICA

10.1 Latin America Critical Illness Insurance Market Size (2019-2030)
10.2 Latin America Critical Illness Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Critical Illness Insurance Market Size by Country (2019-2024)
10.4 Latin America Critical Illness Insurance Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Critical Illness Insurance Market Size (2019-2030)
11.2 Middle East & Africa Critical Illness Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Critical Illness Insurance Market Size by Country (2019-2024)
11.4 Middle East & Africa Critical Illness Insurance Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE

12 PLAYERS PROFILED

12.1 China Life Insurance
  12.1.1 China Life Insurance Company Information
  12.1.2 China Life Insurance Business Overview
  12.1.3 China Life Insurance Revenue in Critical Illness Insurance Business (2019-2024)
  12.1.4 China Life Insurance Critical Illness Insurance Product Portfolio
  12.1.5 China Life Insurance Recent Developments
12.2 Ping An Insurance
  12.2.1 Ping An Insurance Company Information
  12.2.2 Ping An Insurance Business Overview
  12.2.3 Ping An Insurance Revenue in Critical Illness Insurance Business (2019-2024)
  12.2.4 Ping An Insurance Critical Illness Insurance Product Portfolio
  12.2.5 Ping An Insurance Recent Developments
12.3 China Pacific Insurance
  12.3.1 China Pacific Insurance Company Information
  12.3.2 China Pacific Insurance Business Overview
  12.3.3 China Pacific Insurance Revenue in Critical Illness Insurance Business (2019-2024)
  12.3.4 China Pacific Insurance Critical Illness Insurance Product Portfolio
  12.3.5 China Pacific Insurance Recent Developments
12.4 Aviva
  12.4.1 Aviva Company Information
  12.4.2 Aviva Business Overview
  12.4.3 Aviva Revenue in Critical Illness Insurance Business (2019-2024)
  12.4.4 Aviva Critical Illness Insurance Product Portfolio
  12.4.5 Aviva Recent Developments
12.5 Legal & General
  12.5.1 Legal & General Company Information
  12.5.2 Legal & General Business Overview
  12.5.3 Legal & General Revenue in Critical Illness Insurance Business (2019-2024)
  12.5.4 Legal & General Critical Illness Insurance Product Portfolio
  12.5.5 Legal & General Recent Developments
12.6 New China Life Insurance
  12.6.1 New China Life Insurance Company Information
  12.6.2 New China Life Insurance Business Overview
  12.6.3 New China Life Insurance Revenue in Critical Illness Insurance Business (2019-2024)
  12.6.4 New China Life Insurance Critical Illness Insurance Product Portfolio
  12.6.5 New China Life Insurance Recent Developments
12.7 AXA
  12.7.1 AXA Company Information
  12.7.2 AXA Business Overview
  12.7.3 AXA Revenue in Critical Illness Insurance Business (2019-2024)
  12.7.4 AXA Critical Illness Insurance Product Portfolio
  12.7.5 AXA Recent Developments
12.8 Prudential plc
  12.8.1 Prudential plc Company Information
  12.8.2 Prudential plc Business Overview
  12.8.3 Prudential plc Revenue in Critical Illness Insurance Business (2019-2024)
  12.8.4 Prudential plc Critical Illness Insurance Product Portfolio
  12.8.5 Prudential plc Recent Developments
12.9 Aegon
  12.9.1 Aegon Company Information
  12.9.2 Aegon Business Overview
  12.9.3 Aegon Revenue in Critical Illness Insurance Business (2019-2024)
  12.9.4 Aegon Critical Illness Insurance Product Portfolio
  12.9.5 Aegon Recent Developments
12.10 Allianz
  12.10.1 Allianz Company Information
  12.10.2 Allianz Business Overview
  12.10.3 Allianz Revenue in Critical Illness Insurance Business (2019-2024)
  12.10.4 Allianz Critical Illness Insurance Product Portfolio
  12.10.5 Allianz Recent Developments
12.11 AIG
  12.11.1 AIG Company Information
  12.11.2 AIG Business Overview
  12.11.3 AIG Revenue in Critical Illness Insurance Business (2019-2024)
  12.11.4 AIG Critical Illness Insurance Product Portfolio
  12.11.5 AIG Recent Developments
12.12 UnitedHealthcare
  12.12.1 UnitedHealthcare Company Information
  12.12.2 UnitedHealthcare Business Overview
  12.12.3 UnitedHealthcare Revenue in Critical Illness Insurance Business (2019-2024)
  12.12.4 UnitedHealthcare Critical Illness Insurance Product Portfolio
  12.12.5 UnitedHealthcare Recent Developments
12.13 Zurich
  12.13.1 Zurich Company Information
  12.13.2 Zurich Business Overview
  12.13.3 Zurich Revenue in Critical Illness Insurance Business (2019-2024)
  12.13.4 Zurich Critical Illness Insurance Product Portfolio
  12.13.5 Zurich Recent Developments
12.14 MetLife
  12.14.1 MetLife Company Information
  12.14.2 MetLife Business Overview
  12.14.3 MetLife Revenue in Critical Illness Insurance Business (2019-2024)
  12.14.4 MetLife Critical Illness Insurance Product Portfolio
  12.14.5 MetLife Recent Developments
12.15 Dai-ichi Life Group
  12.15.1 Dai-ichi Life Group Company Information
  12.15.2 Dai-ichi Life Group Business Overview
  12.15.3 Dai-ichi Life Group Revenue in Critical Illness Insurance Business (2019-2024)
  12.15.4 Dai-ichi Life Group Critical Illness Insurance Product Portfolio
  12.15.5 Dai-ichi Life Group Recent Developments
12.16 Sun Life Financial
  12.16.1 Sun Life Financial Company Information
  12.16.2 Sun Life Financial Business Overview
  12.16.3 Sun Life Financial Revenue in Critical Illness Insurance Business (2019-2024)
  12.16.4 Sun Life Financial Critical Illness Insurance Product Portfolio
  12.16.5 Sun Life Financial Recent Developments
12.17 Huaxia life Insurance
  12.17.1 Huaxia life Insurance Company Information
  12.17.2 Huaxia life Insurance Business Overview
  12.17.3 Huaxia life Insurance Revenue in Critical Illness Insurance Business (2019-2024)
  12.17.4 Huaxia life Insurance Critical Illness Insurance Product Portfolio
  12.17.5 Huaxia life Insurance Recent Developments
12.18 Aflac
  12.18.1 Aflac Company Information
  12.18.2 Aflac Business Overview
  12.18.3 Aflac Revenue in Critical Illness Insurance Business (2019-2024)
  12.18.4 Aflac Critical Illness Insurance Product Portfolio
  12.18.5 Aflac Recent Developments
12.19 Liberty Mutual
  12.19.1 Liberty Mutual Company Information
  12.19.2 Liberty Mutual Business Overview
  12.19.3 Liberty Mutual Revenue in Critical Illness Insurance Business (2019-2024)
  12.19.4 Liberty Mutual Critical Illness Insurance Product Portfolio
  12.19.5 Liberty Mutual Recent Developments
12.20 HCF
  12.20.1 HCF Company Information
  12.20.2 HCF Business Overview
  12.20.3 HCF Revenue in Critical Illness Insurance Business (2019-2024)
  12.20.4 HCF Critical Illness Insurance Product Portfolio
  12.20.5 HCF Recent Developments
12.21 Generali Group
  12.21.1 Generali Group Company Information
  12.21.2 Generali Group Business Overview
  12.21.3 Generali Group Revenue in Critical Illness Insurance Business (2019-2024)
  12.21.4 Generali Group Critical Illness Insurance Product Portfolio
  12.21.5 Generali Group Recent Developments
12.22 Royal London
  12.22.1 Royal London Company Information
  12.22.2 Royal London Business Overview
  12.22.3 Royal London Revenue in Critical Illness Insurance Business (2019-2024)
  12.22.4 Royal London Critical Illness Insurance Product Portfolio
  12.22.5 Royal London Recent Developments
12.23 Scottish Windows
  12.23.1 Scottish Windows Company Information
  12.23.2 Scottish Windows Business Overview
  12.23.3 Scottish Windows Revenue in Critical Illness Insurance Business (2019-2024)
  12.23.4 Scottish Windows Critical Illness Insurance Product Portfolio
  12.23.5 Scottish Windows Recent Developments
12.24 Livepool Victoria
  12.24.1 Livepool Victoria Company Information
  12.24.2 Livepool Victoria Business Overview
  12.24.3 Livepool Victoria Revenue in Critical Illness Insurance Business (2019-2024)
  12.24.4 Livepool Victoria Critical Illness Insurance Product Portfolio
  12.24.5 Livepool Victoria Recent Developments
12.25 Vitality
  12.25.1 Vitality Company Information
  12.25.2 Vitality Business Overview
  12.25.3 Vitality Revenue in Critical Illness Insurance Business (2019-2024)
  12.25.4 Vitality Critical Illness Insurance Product Portfolio
  12.25.5 Vitality Recent Developments

13 REPORT CONCLUSION

14 DISCLAIMER



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