Global Hospitalization Insurance Market Overview And Prospects
Learn about the global hospitalization insurance market through The Business Research Company, which provides information on hospitalization insurance market size, hospitalization insurance market drivers and restraints, hospitalization insurance market players, the COVID-19 impact on the hospitalization insurance market, and more.
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The global hospitalization insurance market is expected to grow from $84.78 billion in 2020 to $86.39 billion in 2021 at a compound annual growth rate (CAGR) of 1.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hospitalization insurance market is expected to reach $147.88 billion in 2025 at a CAGR of 14.4%.
The growing adoption of health insurance policies by individuals during COVID-19 is expected to drive innovation in hospitalization insurance manufacturing, thus driving the market during the forecast period.
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The hospitalization insurance market consists of sales of hospitalization insurance by entities (organizations, sole traders, and partnerships) that are engaged in directly underwriting hospitalization insurance policies providing coverage for hospital confinement due to illness, accidents, intensive care of convalescence. Only goods and services traded between entities or sold to end consumers are included.
Global hospitalization insurance market segments include:
By Service Provider: Private, Public
By Network: Preferred Provider Organizations (PPOs), Point Of Service (POS), Health Maintenance Organizations (HMOs), Exclusive Provider Organizations (EPOs), Others
By Demographics: Minors, Adults, Senior Citizens
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The integration of blockchain in health insurance is a key trend gaining popularity in the hospitalization insurance market. The incorporation of blockchain in health insurance provides many benefits such as enhancing integrity and protection by offering better control of patient data, reducing regulatory and enforcement costs, and maximizing interactions between health practitioners, insurance providers, and insurers.
TBRC’s hospitalization insurance market report covers:
Major Market Players: Aetna, Anthem Health Insurance, Blue Cross Blue Shield Companies, Cigna, Humana, HCSC, Highmark, Kaiser Permanente, UnitedHealth Group, and Wellcare.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Hospitalization Insurance Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides hospitalization insurance market overviews, analyzes and forecasts market size, share, hospitalization insurance market players, hospitalization insurance market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s hospitalization insurance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Hospital Daily Cash Benefit Insurance Global Market Report 2021
Health And Medical Insurance Global Market Report 2021
Hospitalization Insurance Global Market Report 2021
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