Product Code: IRTNTR77095
The health insurance market is forecasted to grow by USD 1341 bn during 2024-2029, accelerating at a CAGR of 7.3% during the forecast period. The report on the health insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand due to growing healthcare awareness, global rise in aging population, and increase in prevalence of chronic diseases.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.6% |
CAGR | 7.3% |
Incremental Value | $1341 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's health insurance market is segmented as below:
By Service
By Type
- Life insurance
- Term insurance
By Age Group
- Adults
- Senior citizens
- Minors
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing demand use to growing focus on preventive health as one of the prime reasons driving the health insurance market growth during the next few years. Also, growing demand for customization and tailored insurance policies and integration of wearables into customer engagement metrics for life insurance software will lead to sizable demand in the market.
The report on the health insurance market covers the following areas:
- Health Insurance Market sizing
- Health Insurance Market forecast
- Health Insurance Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading health insurance market vendors that include ACKO General Insurance Ltd, Aditya Birla Management Corp. Pvt. Ltd., Allianz, Bharti Enterprises Ltd., Centene Corp., CVS Health Corp., Elevance Health Inc., General Insurance Corporation of India, HDFC Bank Ltd., ICICI Lombard General Insurance Co. Ltd., Independence Blue Cross, Indian Farmers Fertiliser Cooperative Ltd., Kotak Mahindra Bank Ltd., Life Insurance Corp. of India, Max Financial Services Ltd, Oscar Insurance Corp., Reliance General Insurance, Star Health and Allied Insurance Co Ltd., The Cigna Group, and United Health Group Inc.. Also, the health insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Service
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Age Group
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Health Insurance Market 2019 - 2023
- Historic Market Size - Data Table on Global Health Insurance Market 2019 - 2023 ($ billion)
- 5.2 Service segment analysis 2019 - 2023
- Historic Market Size - Service Segment 2019 - 2023 ($ billion)
- 5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.4 Age Group segment analysis 2019 - 2023
- Historic Market Size - Age Group Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 The AI impact on global health insurance market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Service
- 8.1 Market segments
- Chart on Service - Market share 2024-2029 (%)
- Data Table on Service - Market share 2024-2029 (%)
- 8.2 Comparison by Service
- Chart on Comparison by Service
- Data Table on Comparison by Service
- 8.3 Public - Market size and forecast 2024-2029
- Chart on Public - Market size and forecast 2024-2029 ($ billion)
- Data Table on Public - Market size and forecast 2024-2029 ($ billion)
- Chart on Public - Year-over-year growth 2024-2029 (%)
- Data Table on Public - Year-over-year growth 2024-2029 (%)
- 8.4 Private - Market size and forecast 2024-2029
- Chart on Private - Market size and forecast 2024-2029 ($ billion)
- Data Table on Private - Market size and forecast 2024-2029 ($ billion)
- Chart on Private - Year-over-year growth 2024-2029 (%)
- Data Table on Private - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Service
- Market opportunity by Service ($ billion)
- Data Table on Market opportunity by Service ($ billion)
9 Market Segmentation by Type
- 9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 9.3 Life insurance - Market size and forecast 2024-2029
- Chart on Life insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Life insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Life insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Life insurance - Year-over-year growth 2024-2029 (%)
- 9.4 Term insurance - Market size and forecast 2024-2029
- Chart on Term insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Term insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Term insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Term insurance - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
10 Market Segmentation by Age Group
- 10.1 Market segments
- Chart on Age Group - Market share 2024-2029 (%)
- Data Table on Age Group - Market share 2024-2029 (%)
- 10.2 Comparison by Age Group
- Chart on Comparison by Age Group
- Data Table on Comparison by Age Group
- 10.3 Adults - Market size and forecast 2024-2029
- Chart on Adults - Market size and forecast 2024-2029 ($ billion)
- Data Table on Adults - Market size and forecast 2024-2029 ($ billion)
- Chart on Adults - Year-over-year growth 2024-2029 (%)
- Data Table on Adults - Year-over-year growth 2024-2029 (%)
- 10.4 Senior citizens - Market size and forecast 2024-2029
- Chart on Senior citizens - Market size and forecast 2024-2029 ($ billion)
- Data Table on Senior citizens - Market size and forecast 2024-2029 ($ billion)
- Chart on Senior citizens - Year-over-year growth 2024-2029 (%)
- Data Table on Senior citizens - Year-over-year growth 2024-2029 (%)
- 10.5 Minors - Market size and forecast 2024-2029
- Chart on Minors - Market size and forecast 2024-2029 ($ billion)
- Data Table on Minors - Market size and forecast 2024-2029 ($ billion)
- Chart on Minors - Year-over-year growth 2024-2029 (%)
- Data Table on Minors - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Age Group
- Market opportunity by Age Group ($ billion)
- Data Table on Market opportunity by Age Group ($ billion)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.4 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.12 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.14 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.15 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.16 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.1 Market drivers
- 13.2 Market challenges
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Aditya Birla Management Corp. Pvt. Ltd.
- Aditya Birla Management Corp. Pvt. Ltd. - Overview
- Aditya Birla Management Corp. Pvt. Ltd. - Product / Service
- Aditya Birla Management Corp. Pvt. Ltd. - Key offerings
- SWOT
- 15.5 Allianz
- Allianz - Overview
- Allianz - Product / Service
- Allianz - Key offerings
- SWOT
- 15.6 Bharti Enterprises Ltd.
- Bharti Enterprises Ltd. - Overview
- Bharti Enterprises Ltd. - Product / Service
- Bharti Enterprises Ltd. - Key offerings
- SWOT
- 15.7 Centene Corp.
- Centene Corp. - Overview
- Centene Corp. - Business segments
- Centene Corp. - Key offerings
- Centene Corp. - Segment focus
- SWOT
- 15.8 CVS Health Corp.
- CVS Health Corp. - Overview
- CVS Health Corp. - Business segments
- CVS Health Corp. - Key offerings
- CVS Health Corp. - Segment focus
- SWOT
- 15.9 Elevance Health Inc.
- Elevance Health Inc. - Overview
- Elevance Health Inc. - Product / Service
- Elevance Health Inc. - Key offerings
- SWOT
- 15.10 General Insurance Corporation of India
- General Insurance Corporation of India - Overview
- General Insurance Corporation of India - Product / Service
- General Insurance Corporation of India - Key offerings
- SWOT
- 15.11 HDFC Bank Ltd.
- HDFC Bank Ltd. - Overview
- HDFC Bank Ltd. - Business segments
- HDFC Bank Ltd. - Key offerings
- HDFC Bank Ltd. - Segment focus
- SWOT
- 15.12 Independence Blue Cross
- Independence Blue Cross - Overview
- Independence Blue Cross - Product / Service
- Independence Blue Cross - Key offerings
- SWOT
- 15.13 Indian Farmers Fertiliser Cooperative Ltd.
- Indian Farmers Fertiliser Cooperative Ltd. - Overview
- Indian Farmers Fertiliser Cooperative Ltd. - Product / Service
- Indian Farmers Fertiliser Cooperative Ltd. - Key offerings
- SWOT
- 15.14 Life Insurance Corp. of India
- Life Insurance Corp. of India - Overview
- Life Insurance Corp. of India - Product / Service
- Life Insurance Corp. of India - Key offerings
- SWOT
- 15.15 Max Financial Services Ltd
- Max Financial Services Ltd - Overview
- Max Financial Services Ltd - Product / Service
- Max Financial Services Ltd - Key offerings
- SWOT
- 15.16 Oscar Insurance Corp.
- Oscar Insurance Corp. - Overview
- Oscar Insurance Corp. - Product / Service
- Oscar Insurance Corp. - Key offerings
- SWOT
- 15.17 Star Health and Allied Insurance Co Ltd.
- Star Health and Allied Insurance Co Ltd. - Overview
- Star Health and Allied Insurance Co Ltd. - Product / Service
- Star Health and Allied Insurance Co Ltd. - Key offerings
- SWOT
- 15.18 The Cigna Group
- The Cigna Group - Overview
- The Cigna Group - Product / Service
- The Cigna Group - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations