Product Code: GVR-4-68038-881-7
U.S. Healthcare Discount Plan Market Growth & Trends:
The U.S. healthcare discount plan market size is expected to reach USD 3.8 billion by 2030, registering a CAGR of 10.4% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Growing chronic diseases burden, increasing health expenses, and rising out-of-pocket expenditures are boosting the demand for health/medical discount plans offering affordable treatment solutions. Market players are focusing on increasing investments, innovating products & services, collaborating & partnering with other players to deliver affordable and accessible treatment solutions. Furthermore, the growing demand for enhanced treatment quality and improved patient experience, which would drive clinical outcomes & coordinate patient care is further boosting the adoption of health/medical discount plans.
For instance, United Healthcare, in June 2019, launched UnitedHealthcare Hearing, an innovative service provider offering affordable, quality hearing solutions. Moreover, as a part of their public awareness campaign, United Healthcare donated 20,000 reusable silicone plugs to police departments and fire departments across the country. The growing presence of Discount Medical Plan Organizations (DMPOs) providing affordable medical plans for a wide array of services is expected to drive the market. A rise in demand for affordable dental care, vision care, hearing aids, prescription drugs, and chiropractic care for individuals as well as groups who lack insurance coverage is expected to drive the demand further and promote the development & growth of the market. The growing prevalence of chronic ailments and increasing health-consciousness are driving the need for hassle-free, affordable treatment solutions.
U.S. Healthcare Discount Plan Market Report Highlights:
- The other services segment dominated the market in 2022 owing to the growing demand for advanced discount plans amalgamated with additional benefits covering diagnostics, diabetic supplies, laboratory tests, and endoscopies
- The virtual visits services segment is anticipated to register the fastest growth rate over the forecast years
- This growth can be attributed to the increasing availability of telemedicine services, such as online consultation, and 24/7 access to care professionals
- The dental care services segment accounted for the second-largest share of the overall revenue in 2022
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Service
- 1.1.2. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Healthcare Discount Plan Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. U.S. Healthcare Discount Plan Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. U.S. Healthcare Discount Plan: Service Estimates & Trend Analysis
- 4.1. U.S. Healthcare Discount Plan Market: Key Takeaways
- 4.2. U.S. Healthcare Discount Plan Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Health Advocate
- 4.3.1. Health advocate market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. Virtual Visits
- 4.4.1. Virtual visits market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Alternative Medicines
- 4.5.1. Alternative medicines market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Prescription Drugs
- 4.6.1. Prescription drugs market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Dental Care
- 4.7.1. Vaccine delivery market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8. Vision Care
- 4.8.1. Vision care market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.9. Hearing Aids
- 4.9.1. Hearing aids market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.10. Chiropractic Care
- 4.10.1. Chiropractic care market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.11. Nurse Services
- 4.11.1. Nurse services market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.12. Vitamins & Supplements
- 4.12.1. Vitamins & supplements market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.13. Wellness Plans
- 4.13.1. Wellness plans market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.14. Podiatry Plans
- 4.14.1. Podiatry plans market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.15. Others
- 4.15.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Competitive Landscape
- 5.1. Recent Developments & Impact Analysis, By Key Market Participants
- 5.2. Market Participant Categorization
- 5.2.1. New Benefits, Ltd.
- 5.2.1.1. Company overview
- 5.2.1.2. Financial performance
- 5.2.1.3. Product benchmarking
- 5.2.1.4. Strategic initiatives
- 5.2.2. AmeriPlan
- 5.2.2.1. Company overview
- 5.2.2.2. Financial performance
- 5.2.2.3. Product benchmarking
- 5.2.2.4. Strategic initiatives
- 5.2.3. CARRINGTON International Corporation
- 5.2.3.1. Company overview
- 5.2.3.2. Financial performance
- 5.2.3.3. Product benchmarking
- 5.2.3.4. Strategic initiatives
- 5.2.4. Florida Health Solution Corp.
- 5.2.4.1. Company overview
- 5.2.4.2. Financial performance
- 5.2.4.3. Product benchmarking
- 5.2.4.4. Strategic initiatives
- 5.2.5. Avia Dental Plan, Inc
- 5.2.5.1. Company overview
- 5.2.5.2. Financial performance
- 5.2.5.3. Product benchmarking
- 5.2.5.4. Strategic initiatives
- 5.2.6. Best Care Medical Plan, Inc
- 5.2.6.1. Company overview
- 5.2.6.2. Financial performance
- 5.2.6.3. Product benchmarking
- 5.2.6.4. Strategic initiatives
- 5.2.7. True Dental Discounts
- 5.2.7.1. Company overview
- 5.2.7.2. Financial performance
- 5.2.7.3. Product benchmarking
- 5.2.7.4. Strategic initiatives
- 5.2.8. United Health Group;
- 5.2.8.1. Company overview
- 5.2.8.2. Financial performance
- 5.2.8.3. Product benchmarking
- 5.2.8.4. Strategic initiatives
- 5.2.9. Sam's Club
- 5.2.9.1. Company overview
- 5.2.9.2. Financial performance
- 5.2.9.3. Product benchmarking
- 5.2.9.4. Strategic initiatives
- 5.2.10. Freshbenies
- 5.2.10.1. Company overview
- 5.2.10.2. Financial performance
- 5.2.10.3. Product benchmarking
- 5.2.10.4. Strategic initiatives
- 5.2.11. Humana
- 5.2.11.1. Company overview
- 5.2.11.2. Financial performance
- 5.2.11.3. Product benchmarking
- 5.2.11.4. Strategic initiatives
- 5.2.12. Xpress Healthcare
- 5.2.12.1. Company overview
- 5.2.12.2. Financial performance
- 5.2.12.3. Product benchmarking
- 5.2.12.4. Strategic initiatives