Health Insurance Market Analysis By Type of Insurance Provider, Size, Share, Trend, Competition, Future Growth, Opportunities 2026 | TechSci Research
The global health insurance market was valued USD1721 billion in 2020 and is forecast to grow at CAGR of 8.55%. The global health insurance market is driven by the growing prevalence of chronic diseases such as diabetes, cardiovascular diseases, renal disorders, cancer, among others, and has drastically increased the patient pool and rate of hospitalization. This in turn increases the healthcare expenditure incurred by the patients, thereby increasing the demand for healthcare policies covering critical illnesses and treatments. Additionally, mandates about health insurance of employees in different private and public sectors are further expected to fuel the market growth. Furthermore, the sudden outbreak and spread of the COVID-19 pandemic has made many health insurance policy provider companies expand coverage for the disease in healthcare policies, especially in the United States. Also, Chinese healthcare insurance provider companies are now providing coverage for the af...