Global Business Health Insurance Market By Service Provider (Private and Public; By Type (Diseases Insurance, Hospitalization Insurance, Medical Insurance and Income Protection Insurance); By Coverage Period (Lifetime Insurance and Term Coverage); By Age-Group (Minors, Adults, and Senior Citizen); By Network Provider (Exclusive Provider Organizations (EPOs), Health Maintenance Organization (HMOs), Preferred Provider Organizations (PPOs) and Point of Services (POS); By Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) - Analysis of market share, size & trends for 2016-19 and forecasts to 2030
Market Overview
Health insurance offers financial compensation for healthcare bills to policyholders while they are hospitalized. Health costs are incurred as a result of medical care charges and treatment for any sickness, accident, or other mental and physical disability. Health insurance shall compensate for such medical expenses in exchange for a monthly premium or a payroll tax to provide health benefits. The insurer is obliged to cover the medical costs of the policyholder until the end of the policy. Depending on the policy, coverage may vary depending on a number of factors, including diseases, age groups, government policies, and others.
Market Highlights
The Global Business Health Insurance Market is anticipated to reach USD XXXX trillion in 2030 from USD XXXX trillion in 2019 to witness a CAGR of XX% in the forecast period. The humongous growth in the Business Health Insurance Market is attributed to the following reasons. Rise in the Per Capita Income and increasing awareness about health has proved to be one of the driving factors for the overall growth of the industry as people can spend sufficiently on their health. The majority of healthcare disbursement accounts for expenses gathered from medical policies.
Additionally, the increasing elderly population is propelling the growth of the Health Insurance Market. Most of the geriatric population, i.e., people in the age group of 65 years and above are prone to chronic diseases and need continuous critical monitoring and surgical procedures. Hence, they are more likely to avail the benefits of Health Insurance boosting the growth of the industry.
Global Business Health Insurance Opportunity Analysis
Source: Fatpos Global
Global Business Health Insurance Market: Segments
Public segment is projected to grow at a CAGR in the forecast period
Based on Service providers, the health insurance market is segmented into private and public. The public providers' segment is expected to boost the growth of the global business health insurance industry during the forecast period as it is cost-effective and helps people with other medical and non-medical expenses.
Source: Fatpos Global
Medical Insurance to propel the overall growth of the market
On the basis of the type of insurance, the business health insurance market is bifurcated into disease insurance, hospitalization insurance, medical insurance, and income protection insurance. The medical insurance segment has witnessed the highest CAGR, owing to an increase in the number of costly surgeries. Additionally, Government in several developed and developing countries has proposed certain proposals regarding women health, leading to the overall growth of the global business health insurance market.
Preferred provider organization (PPO) segment is anticipated to grow at XX% CAGR
Based on network providers, the health insurance market is segmented into Exclusive Provider Organizations (EPOs), Health Maintenance Organization (HMOs), Preferred Provider Organizations (PPOs), and Point of Services (POS). PPOs offer fully-managed health care arrangements that offer greater alternatives to patients. Patients are required to select from a pre-approved list of physicians and care providers. Also, less paperwork is needed for PPO plans that further increase its preference and thus boosts the growth of the market.
Adult and geriatric segment to boost the overall market growth
Based on the age-group, the health insurance market is divided into minors, adults, and senior citizens. The frequency of lifestyle disorders is high in the adult and geriatric population, which may raise health risks in the future. Therefore, they are more vulnerable to cardiac and other endocrine disorders that require hospitalization. These factors are expected to support business growth.
Market Share of Different Age-groups
Source: Fatpos Global
Global Business Health Insurance Market: Drivers & Restraints
Drivers
Increasing GDP and healthcare expenditure worldwide
Since the Per capita income of the people is increasing, they are paying more attention to health. Additionally, the growing geriatric population, increasing chronic diseases, high medical costs, and other factors are driving the overall market demand.
Restraints
Strict regulations and longer time for claim reimbursement
Insurance claim reimbursement takes a long time which is certainly going to be one of the negative factors in the growth of the Global business health insurance market. Moreover, strict rules and regulations with hard terms and conditions are likely to be a hurdle in the overall growth of the market.
Global Business Health Insurance Market: Region
The global Business Health Insurance market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the rest of the world is classified as Middle-East and Africa.
Asia-Pacific is projected to be the fastest-growing region with a CAGR of XX%
North-America was attributed to register the highest CAGR in 2019. Regional growth can be attributed to increased awareness of health insurance policies coupled with high GDP. In addition, the availability of leading policy providers is boosting the growth of the market. But for numerous factors, the Asia-Pacific region is seeing rapid market growth, such as an increasing number of chronic diseases. In addition, the provision of cost-effective term insurance policies offered by national policy suppliers is strongly favored in developing countries of the APAC, which promotes business growth. Hence, APAC is to drive the overall growth of the market in the forecasted period.
Source: Fatpos Global
The global Business Health Insurance market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand, and Rest of Asia-Pacific
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa
Key Players
Anthem Health Insurance
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Aetna
Blue Cross Blue Shield Companies
Cigna
Highmark
HCSC
Humana
Kaiser Permanente
Wellcare
Others
The Global Business Health Insurance Market Report also contains an analysis on:
Business Health Insurance Market by segment:
By Service Provider
Public
Private
By Type
Diseases Insurance
Hospitalization Insurance
Medical Insurance
Income Protection Insurance
By Coverage Period
Lifetime Insurance
Term Coverage
By Age-Group
Minors
Adult
Senior Citizens
By Network Provider
Executive Provider Organizations (EPOs)
Health Maintenance Organizations (HMOs)
Preferred Provider Organizations (PPOs)
Point of Services (POS)
By Region
North America
Latin America
Europe
Asia-Pacific
Middle East and Africa
Business Health Insurance Market Size
Business Health Insurance Market Dynamics
Supply and Demand
Current Issues/trends/challenges
Competition and Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Global Business Health Insurance Market
Which segment is anticipated to hold the largest market share?
At what CAGR is the market anticipated to grow between 2020 and 2030?
Who are the key players in the Global Business Health Insurance Market?
What could be the challenging factors in the growth of Global Business Health Insurance Market?
What are the growth drivers for the Global Business Health Insurance Market?
Health insurance offers financial compensation for healthcare bills to policyholders while they are hospitalized. Health costs are incurred as a result of medical care charges and treatment for any sickness, accident, or other mental and physical disability. Health insurance shall compensate for such medical expenses in exchange for a monthly premium or a payroll tax to provide health benefits. The insurer is obliged to cover the medical costs of the policyholder until the end of the policy. Depending on the policy, coverage may vary depending on a number of factors, including diseases, age groups, government policies, and others.
Market Highlights
The Global Business Health Insurance Market is anticipated to reach USD XXXX trillion in 2030 from USD XXXX trillion in 2019 to witness a CAGR of XX% in the forecast period. The humongous growth in the Business Health Insurance Market is attributed to the following reasons. Rise in the Per Capita Income and increasing awareness about health has proved to be one of the driving factors for the overall growth of the industry as people can spend sufficiently on their health. The majority of healthcare disbursement accounts for expenses gathered from medical policies.
Additionally, the increasing elderly population is propelling the growth of the Health Insurance Market. Most of the geriatric population, i.e., people in the age group of 65 years and above are prone to chronic diseases and need continuous critical monitoring and surgical procedures. Hence, they are more likely to avail the benefits of Health Insurance boosting the growth of the industry.
Global Business Health Insurance Opportunity Analysis
Source: Fatpos Global
Global Business Health Insurance Market: Segments
Public segment is projected to grow at a CAGR in the forecast period
Based on Service providers, the health insurance market is segmented into private and public. The public providers' segment is expected to boost the growth of the global business health insurance industry during the forecast period as it is cost-effective and helps people with other medical and non-medical expenses.
Source: Fatpos Global
Medical Insurance to propel the overall growth of the market
On the basis of the type of insurance, the business health insurance market is bifurcated into disease insurance, hospitalization insurance, medical insurance, and income protection insurance. The medical insurance segment has witnessed the highest CAGR, owing to an increase in the number of costly surgeries. Additionally, Government in several developed and developing countries has proposed certain proposals regarding women health, leading to the overall growth of the global business health insurance market.
Preferred provider organization (PPO) segment is anticipated to grow at XX% CAGR
Based on network providers, the health insurance market is segmented into Exclusive Provider Organizations (EPOs), Health Maintenance Organization (HMOs), Preferred Provider Organizations (PPOs), and Point of Services (POS). PPOs offer fully-managed health care arrangements that offer greater alternatives to patients. Patients are required to select from a pre-approved list of physicians and care providers. Also, less paperwork is needed for PPO plans that further increase its preference and thus boosts the growth of the market.
Adult and geriatric segment to boost the overall market growth
Based on the age-group, the health insurance market is divided into minors, adults, and senior citizens. The frequency of lifestyle disorders is high in the adult and geriatric population, which may raise health risks in the future. Therefore, they are more vulnerable to cardiac and other endocrine disorders that require hospitalization. These factors are expected to support business growth.
Market Share of Different Age-groups
Source: Fatpos Global
Global Business Health Insurance Market: Drivers & Restraints
Drivers
Increasing GDP and healthcare expenditure worldwide
Since the Per capita income of the people is increasing, they are paying more attention to health. Additionally, the growing geriatric population, increasing chronic diseases, high medical costs, and other factors are driving the overall market demand.
Restraints
Strict regulations and longer time for claim reimbursement
Insurance claim reimbursement takes a long time which is certainly going to be one of the negative factors in the growth of the Global business health insurance market. Moreover, strict rules and regulations with hard terms and conditions are likely to be a hurdle in the overall growth of the market.
Global Business Health Insurance Market: Region
The global Business Health Insurance market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the rest of the world is classified as Middle-East and Africa.
Asia-Pacific is projected to be the fastest-growing region with a CAGR of XX%
North-America was attributed to register the highest CAGR in 2019. Regional growth can be attributed to increased awareness of health insurance policies coupled with high GDP. In addition, the availability of leading policy providers is boosting the growth of the market. But for numerous factors, the Asia-Pacific region is seeing rapid market growth, such as an increasing number of chronic diseases. In addition, the provision of cost-effective term insurance policies offered by national policy suppliers is strongly favored in developing countries of the APAC, which promotes business growth. Hence, APAC is to drive the overall growth of the market in the forecasted period.
Source: Fatpos Global
The global Business Health Insurance market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand, and Rest of Asia-Pacific
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa
Key Players
Anthem Health Insurance
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Aetna
Blue Cross Blue Shield Companies
Cigna
Highmark
HCSC
Humana
Kaiser Permanente
Wellcare
Others
The Global Business Health Insurance Market Report also contains an analysis on:
Business Health Insurance Market by segment:
By Service Provider
Public
Private
By Type
Diseases Insurance
Hospitalization Insurance
Medical Insurance
Income Protection Insurance
By Coverage Period
Lifetime Insurance
Term Coverage
By Age-Group
Minors
Adult
Senior Citizens
By Network Provider
Executive Provider Organizations (EPOs)
Health Maintenance Organizations (HMOs)
Preferred Provider Organizations (PPOs)
Point of Services (POS)
By Region
North America
Latin America
Europe
Asia-Pacific
Middle East and Africa
Business Health Insurance Market Size
Business Health Insurance Market Dynamics
Supply and Demand
Current Issues/trends/challenges
Competition and Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Global Business Health Insurance Market
Which segment is anticipated to hold the largest market share?
At what CAGR is the market anticipated to grow between 2020 and 2030?
Who are the key players in the Global Business Health Insurance Market?
What could be the challenging factors in the growth of Global Business Health Insurance Market?
What are the growth drivers for the Global Business Health Insurance Market?
1. EXECUTIVE SUMMARY
2. BUSINESS HEALTH INSURANCE MARKET
2.1. Market Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MARKET DYNAMICS
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
7. RISK ANALYSIS
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. BUSINESS HEALTH INSURANCE MARKET ANALYSIS
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. GLOBAL BUSINESS HEALTH INSURANCE MARKET
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. GLOBAL BUSINESS HEALTH INSURANCE MARKET: MARKET SEGMENTATION
10.1. By Regions
10.1.1. North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Service Provider: Market Share (2020-2030F)
10.2.1. Public, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Private, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Type: Market Share (2020-2030F)
10.3.1. Diseases Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Hospitalization Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Medical Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.4. Income Protection Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Coverage Period: Market Share (2020-2030F)
10.4.1. Lifetime Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. Term Coverage, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Age-Group: Market Share (2020-2030F)
10.5.1. Minors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Adults, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.3. Senior Citizens, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6. By Network Provider: Market Share (2020-2030F)
10.6.1. Exclusive Provider Organizations, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.2. Health Maintenance Organizations, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.3. Preferred Provider Organizations, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.4. Point of Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. COMPANY PROFILE
11.1. Anthem Health Insurance
11.2. Company Overview
11.3. Company Total Revenue (Financials)
11.4. Market Potential
11.5. Global Presence
11.6. Key Performance Indicators
11.7. SWOT Analysis
11.8. Product Launch
12. AETNA
13. BLUE CROSS BLUE SHIELD COMPANIES
14. CIGNA
15. HIGHMARK
16. HCSC
17. HUMANA
18. KAISER PERMANENTE
19. WELLCARE
20. OTHERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. BUSINESS HEALTH INSURANCE MARKET
2.1. Market Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MARKET DYNAMICS
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
7. RISK ANALYSIS
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. BUSINESS HEALTH INSURANCE MARKET ANALYSIS
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. GLOBAL BUSINESS HEALTH INSURANCE MARKET
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. GLOBAL BUSINESS HEALTH INSURANCE MARKET: MARKET SEGMENTATION
10.1. By Regions
10.1.1. North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Service Provider: Market Share (2020-2030F)
10.2.1. Public, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Private, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Type: Market Share (2020-2030F)
10.3.1. Diseases Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Hospitalization Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Medical Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.4. Income Protection Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Coverage Period: Market Share (2020-2030F)
10.4.1. Lifetime Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. Term Coverage, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Age-Group: Market Share (2020-2030F)
10.5.1. Minors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Adults, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.3. Senior Citizens, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6. By Network Provider: Market Share (2020-2030F)
10.6.1. Exclusive Provider Organizations, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.2. Health Maintenance Organizations, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.3. Preferred Provider Organizations, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.4. Point of Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. COMPANY PROFILE
11.1. Anthem Health Insurance
11.2. Company Overview
11.3. Company Total Revenue (Financials)
11.4. Market Potential
11.5. Global Presence
11.6. Key Performance Indicators
11.7. SWOT Analysis
11.8. Product Launch
12. AETNA
13. BLUE CROSS BLUE SHIELD COMPANIES
14. CIGNA
15. HIGHMARK
16. HCSC
17. HUMANA
18. KAISER PERMANENTE
19. WELLCARE
20. OTHERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
