Summary - A new market study, titled “ COVID-19 Impact on Global Health and Medical Insurance Market Size, Status and Forecas…December 21, 2020

Health insurance is a means for financing a person’s health care expenses.

North America is the largest region of health and medical insurance in the world in the past few years and it will keep increasing in the next few years. North America market took up about 36.3% the global market in 2018, while Europe and APAC were about 29.7%, 23.8%.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Health and Medical Insurance market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Health and Medical Insurance industry.

Based on our recent survey, we have several different scenarios about the Health and Medical Insurance YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 713.3 million in 2019. The market size of Health and Medical Insurance will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Health and Medical Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Health and Medical Insurance market in terms of revenue.

Players, stakeholders, and other participants in the global Health and Medical Insurance market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Health and Medical Insurance market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.

Competition Analysis

In the competitive analysis section of the report, leading as well as prominent players of the global Health and Medical Insurance market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Health and Medical Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Health and Medical Insurance market.

The following players are covered in this report:

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Anthem

UnitedHealth Group

DKV

BUPA

Chinalife

Aetna

PICC

PingAn

Star Health & Allied Insurance

Cigna

Essential Med

Kunlun

Health and Medical Insurance Breakdown Data by Type

Individual/Family Health Insurance Products

Group Health Insurance Products

Individual/family health insurance product is the most widely used type which takes up about 2/3 of the total market share in 2018.

Health and Medical Insurance Breakdown Data by Application

Comprehensive Plan

Treatment and Care

Other (Dental, Child, etc.)

Health and medical insurance have wide range of applications, such as comprehensive plan, treatment and care, etc. And comprehensive plan was the most widely used area which took up about 42% of the global market share in 2018.

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