Global Health Insurance Market to Reach $1.2 Trillion by 2027
Amid the COVID-19 crisis, the global market for Health Insurance estimated at US$1 Trillion in the year 2020, is projected to reach a revised size of US$1.2 Trillion by 2027, growing at a CAGR of 2.2% over the period 2020-2027.
The U.S. Market is Estimated at $278.3 Billion, While China is Forecast to Grow at 4.1% CAGR
The Health Insurance market in the U.S. is estimated at US$278.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$233.6 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.We bring years of research experience to this 8th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Allianz SE
- Aviva plc
- Blue Cross Blue Shield Association
- Kaiser Foundation
- United HealthCare Services, Inc.