August 5, 2022
  • August 5, 2022

The group health insurance market is expected to reach

By on July 19, 2022 0

Portland, OR, July 19 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the group health insurance market was estimated at USD 744.04 billion in 2021 and is projected to reach USD 1,800.08 billion by 2031, registering a CAGR of 9.4% from 2022 to 2031. The report provides an in-depth analysis of the main pockets of investment, best winning strategies, drivers and opportunities, market size and estimates, competitive scenario and varying market trends.

Download a free sample report (Get a detailed analysis in PDF – 262 pages): https://www.alliedmarketresearch.com/request-sample/15492

The growing inclination towards hassle-free claims settlement is driving the growth of the global group health insurance market. On the other hand, increasing cost of group health insurance premiums and invalid liability for retired employees are some of the factors that are restraining the growth to some extent. Nevertheless, increasing geriatric population and rising demand for better benefits in the corporate sector are expected to create lucrative opportunities in the industry.

Covid-19 scenario

  • The increase in hospitalizations has given way to a sharp increase in the number of health insurance claims, which has had a positive impact on the global group health insurance market.
  • Moreover, the spread of the global health crisis is one of the main reasons for the increase in health insurance premiums. This trend is also expected to continue after the pandemic.

Report Scope: –

Report attribute Details
Revenue forecasts in 2030 $1,800.08 billion
Rate of growth CAGR of 9.4% from 2022 to 2031
Forecast period 2022 – 2031
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, MEA
Country scope United States, Canada, Germany, United Kingdom, France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Profiled Key Companies Anthem Insurance Companies, Inc., Allianz Care, AXA, Aetna Inc., ACKO General Insurance Limited, American International Group, Inc., Cigna, Chubb, IFFCO-Tokio General Insurance Company Limited and United HealthCare Services, Inc. Access the PDF table

Interested in getting the data? Inquire here @: https://www.alliedmarketresearch.com/purchase-enquiry/15492

The global group health insurance market is analyzed by plan type, company size, distribution channel, and region. Based on plan type, the fully insured plan segment contributed more than half of the total market revenue in 2021 and is expected to lead by 2031. The self-insured plan segment, however, would show the Fastest CAGR of 10.6%. during the forecast period.

By enterprise size, the large enterprise segment generated the highest share in 2021, representing almost three quarters of the total market. The MSME segment, on the other hand, would cite the fastest CAGR of 11.1% from 2022 to 2031.

Based on region, the market across North America held the largest share in 2021, garnering more than a third of the total market. The Asia-Pacific region, simultaneously, would show the fastest CAGR of 12.2% throughout the forecast period.

Get a detailed analysis of the impact of COVID-19 on Group health insurance market: https://www.alliedmarketresearch.com/request-for-customization/15492?reqfor=covid

Major Industry Players

  • Anthem Insurance Companies, Inc.
  • Allianz care
  • AXA
  • Aetna Inc.
  • ACKO General Insurance Limited
  • American International Group, Inc.
  • Cigna
  • Chubb
  • IFFCO-Tokio General Insurance Company
  • United HealthCare Services, Inc.

Main benefits for stakeholders

  • This report provides quantitative analysis of market segments, current trends, estimates and dynamics of Group Health Insurance Market analysis from 2021 to 2031 to identify opportunities in the Group Health Insurance market band.
  • Market research is offered with information related to key drivers, restraints, and opportunities.
  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the Group Health Insurance market segmentation helps to determine the existing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution in the global market.
  • The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
  • The report includes analysis of regional and global Group Health Insurance market trends, key players, market segments, application areas and market growth strategies.

Key market segments

  • By plan type
    • Mixed plan insured
    • Self-insured plan
    • Fully insured plan
  • By business size
    • Large companies
    • Micro, small and medium-sized enterprises (MSMEs)
  • By distribution channel
    • Officers
    • Direct sale
    • Banks
    • Others
  • By region
    • North America
      • US group health insurance market
      • Group health insurance market in Canada
      • Mexican group health insurance market
    • Europe
      • Group health insurance market in Germany
      • Group health insurance market in France
      • UK group health insurance market
      • Group health insurance market in Italy
      • Spanish group health insurance market
      • The rest of Europe
    • Asia Pacific
      • Japanese group health insurance market
      • Chinese group health insurance market
      • Australia group health insurance market
      • Group health insurance market in India
      • Group health insurance market in South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Group health insurance market in Brazil
      • Group health insurance market in Saudi Arabia
      • Group health insurance market in South Africa
      • Rest of LAMEA

Avenue Basic Plan | Access to the library | 1 year subscription |

Sign up for the Avenue subscription to access over 12,000 business profiles and over 2,000 niche market research reports at $699 per month, per seat. For one year, the customer must purchase a minimum 2-seat plan.

14-day free trial request: https://www.alliedmarketresearch.com/avenue/trial/starter

“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.

BFSI Industry Trend Reports (Book Now with 10% Discount + Covid-19 Scenario):

health insurance market The size was valued at $1.98 trillion in 2020 and is expected to reach $4.15 trillion by 2028, growing at a CAGR of 9.7% from 2021 to 2028.

dental insurance market The size was valued at $152.26 billion in 2019 and is expected to reach $237.11 billion by 2027, growing at a CAGR of 10.7% from 2020 to 2027.

Dental insurance market in India The size was valued at $672.83 million in 2020 and is expected to reach $3,658.50 million by 2030, growing at a CAGR of 18.5% from 2021 to 2030.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.