
Report ID: SQMIG35D2315
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to health insurance market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
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Global health insurance market size was valued at USD 2,153.5 Billion in 2023 and is expected to grow from USD 2,242.2 Billion in 2024 to USD 3,475.8 Billion by 2032, growing at a CAGR of 5.7% in the forecast period (2025-2032).
UnitedHealth Group, Elevance Health, Aetna CVS Health, Cigna Corporation, Humana Inc., Allianz SE, AXA Group, Prudential Financial, MetLife, Inc., Bupa Group, Swiss Life Holding AG, Sampo Group, Aviva plc, Generali Group, China Life Insurance
The growth of the industry is driven primarily by the development of technology and innovation in the health insurance industry. The use of technologies like telemedicine, AI, robotic process automation (RPA), and blockchain raises efficiency, accuracy, and customer experience, making it more personalized and responsive health insurance policies.
The health insurance industry is witnessing significant changes. There has been a substantial 30–50% surge in mental health insurance claims for mainly anxiety and depression, reflecting increased awareness and use of mental health services.
North America dominates the global health insurance market share with strong government support, high healthcare spending, and an established private health insurance industry.
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Report ID: SQMIG35D2315
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