Health Insurance Market Size, Share, and Trends 2025 to 2034

The global health insurance market size is calculated at USD 2.69 trillion in 2025 and is forecasted to reach around USD 5.12 trillion by 2034, accelerating at a CAGR of 7.43% from 2025 to 2034. The North America health insurance market size surpassed USD 880 billion in 2024 and is expanding at a CAGR of 7.46% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : May 2025
  • Report Code : 1629
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Age Group Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Health Insurance Market 

5.1. COVID-19 Landscape: Health Insurance Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Health Insurance Market, By Provider Type

8.1. Health Insurance Market, by Provider Type

8.1.1. Public

8.1.1.1. Market Revenue and Forecast

8.1.2. Private

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Health Insurance Market, By Coverage Type

9.1. Health Insurance Market, by Coverage Type

9.1.1. Term Insurance

9.1.1.1. Market Revenue and Forecast

9.1.2. Life-time Coverage

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Health Insurance Market, By Network Provider

10.1. Health Insurance Market, by Network Provider Type

10.1.1. Point of Service

10.1.1.1. Market Revenue and Forecast

10.1.2. Preferred Provider Organizations

10.1.2.1. Market Revenue and Forecast

10.1.3. Exclusive Provider Organizations

10.1.3.1. Market Revenue and Forecast

10.1.4. Health Maintenance Organizations

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Health Insurance Market, By Plan Type

11.1. Health Insurance Market, by Plan Type

11.1.1. Medical Insurance

11.1.1.1. Market Revenue and Forecast

11.1.2. Critical Illness Insurance

11.1.2.1. Market Revenue and Forecast

11.1.3. Family Floater Health Insurance

11.1.3.1. Market Revenue and Forecast

11.1.4. Others

11.1.4.1. Market Revenue and Forecast

Chapter 12. Global Health Insurance Market, By Distribution Channel

12.1. Health Insurance Market, by Distribution Channel

12.1.1. Direst Sales

12.1.1.1. Market Revenue and Forecast

12.1.2. Brokers/Agents

12.1.2.1. Market Revenue and Forecast

12.1.3. Banks

12.1.3.1. Market Revenue and Forecast

12.1.4. Others

12.1.4.1. Market Revenue and Forecast

Chapter 13. Global Health Insurance Market, By Age Group

13.1. Health Insurance Market, by Coverage Type

13.1.1. Minor

13.1.1.1. Market Revenue and Forecast

13.1.2. Adults

13.1.2.1. Market Revenue and Forecast

13.1.3. Senior Citizen

13.1.3.1. Market Revenue and Forecast

Chapter 14. Global Health Insurance Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Provider

14.1.2. Market Revenue and Forecast, by Coverage

14.1.3. Market Revenue and Forecast, by Network Provider

14.1.4. Market Revenue and Forecast, by Plan Type

14.1.5. Market Revenue and Forecast, by Distribution Channel

14.1.6. Market Revenue and Forecast, by Age Group

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Provider

14.1.7.2. Market Revenue and Forecast, by Coverage

14.1.7.3. Market Revenue and Forecast, by Network Provider

14.1.7.4. Market Revenue and Forecast, by Plan Type

14.1.8. Market Revenue and Forecast, by Distribution Channel

14.1.8.1. Market Revenue and Forecast, by Age Group  

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Provider

14.1.9.2. Market Revenue and Forecast, by Coverage

14.1.9.3. Market Revenue and Forecast, by Network Provider

14.1.9.4. Market Revenue and Forecast, by Plan Type

14.1.10. Market Revenue and Forecast, by Distribution Channel

14.1.11. Market Revenue and Forecast, by Age Group

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Provider

14.2.2. Market Revenue and Forecast, by Coverage

14.2.3. Market Revenue and Forecast, by Network Provider

14.2.4. Market Revenue and Forecast, by Plan Type  

14.2.5. Market Revenue and Forecast, by Distribution Channel

14.2.6. Market Revenue and Forecast, by Age Group

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Provider

14.2.8.2. Market Revenue and Forecast, by Coverage

14.2.8.3. Market Revenue and Forecast, by Network Provider

14.2.9. Market Revenue and Forecast, by Plan Type  

14.2.10. Market Revenue and Forecast, by Distribution Channel

14.2.10.1. Market Revenue and Forecast, by Age Group  

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Provider

14.2.11.2. Market Revenue and Forecast, by Coverage

14.2.11.3. Market Revenue and Forecast, by Network Provider

14.2.12. Market Revenue and Forecast, by Plan Type

14.2.13. Market Revenue and Forecast, by Distribution Channel

14.2.14. Market Revenue and Forecast, by Age Group

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Provider

14.2.15.2. Market Revenue and Forecast, by Coverage

14.2.15.3. Market Revenue and Forecast, by Network Provider

14.2.15.4. Market Revenue and Forecast, by Plan Type

14.2.16. Market Revenue and Forecast, by Distribution Channel

14.2.16.1. Market Revenue and Forecast, by Age Group

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Provider

14.2.17.2. Market Revenue and Forecast, by Coverage

14.2.17.3. Market Revenue and Forecast, by Network Provider

14.2.17.4. Market Revenue and Forecast, by Plan Type

14.2.18. Market Revenue and Forecast, by Distribution Channel

14.2.18.1. Market Revenue and Forecast, by Age Group

14.3. APAC

14.3.1. Market Revenue and Forecast, by Provider

14.3.2. Market Revenue and Forecast, by Coverage

14.3.3. Market Revenue and Forecast, by Network Provider

14.3.4. Market Revenue and Forecast, by Plan Type

14.3.5. Market Revenue and Forecast, by Distribution Channel

14.3.6. Market Revenue and Forecast, by Age Group

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Provider

14.3.7.2. Market Revenue and Forecast, by Coverage

14.3.7.3. Market Revenue and Forecast, by Network Provider

14.3.7.4. Market Revenue and Forecast, by Plan Type

14.3.8. Market Revenue and Forecast, by Distribution Channel

14.3.9. Market Revenue and Forecast, by Age Group

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Provider

14.3.10.2. Market Revenue and Forecast, by Coverage

14.3.10.3. Market Revenue and Forecast, by Network Provider

14.3.10.4. Market Revenue and Forecast, by Plan Type

14.3.11. Market Revenue and Forecast, by Distribution Channel

14.3.11.1. Market Revenue and Forecast, by Age Group

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Provider

14.3.12.2. Market Revenue and Forecast, by Coverage

14.3.12.3. Market Revenue and Forecast, by Network Provider

14.3.12.4. Market Revenue and Forecast, by Plan Type

14.3.12.5. Market Revenue and Forecast, by Distribution Channel

14.3.12.6. Market Revenue and Forecast, by Age Group

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Provider

14.3.13.2. Market Revenue and Forecast, by Coverage

14.3.13.3. Market Revenue and Forecast, by Network Provider

14.3.13.4. Market Revenue and Forecast, by Plan Type

14.3.13.5. Market Revenue and Forecast, by Distribution Channel

14.3.13.6. Market Revenue and Forecast, by Age Group

14.4. MEA

14.4.1. Market Revenue and Forecast, by Provider

14.4.2. Market Revenue and Forecast, by Coverage

14.4.3. Market Revenue and Forecast, by Network Provider

14.4.4. Market Revenue and Forecast, by Plan Type

14.4.5. Market Revenue and Forecast, by Distribution Channel

14.4.6. Market Revenue and Forecast, by Age Group

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Provider

14.4.7.2. Market Revenue and Forecast, by Coverage

14.4.7.3. Market Revenue and Forecast, by Network Provider

14.4.7.4. Market Revenue and Forecast, by Plan Type

14.4.8. Market Revenue and Forecast, by Distribution Channel

14.4.9. Market Revenue and Forecast, by Age Group

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Provider

14.4.10.2. Market Revenue and Forecast, by Coverage

14.4.10.3. Market Revenue and Forecast, by Network Provider

14.4.10.4. Market Revenue and Forecast, by Plan Type

14.4.11. Market Revenue and Forecast, by Distribution Channel

14.4.12. Market Revenue and Forecast, by Age Group

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Provider

14.4.13.2. Market Revenue and Forecast, by Coverage

14.4.13.3. Market Revenue and Forecast, by Network Provider

14.4.13.4. Market Revenue and Forecast, by Plan Type

14.4.13.5. Market Revenue and Forecast, by Distribution Channel

14.4.13.6. Market Revenue and Forecast, by Age Group

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Provider

14.4.14.2. Market Revenue and Forecast, by Coverage

14.4.14.3. Market Revenue and Forecast, by Network Provider

14.4.14.4. Market Revenue and Forecast, by Plan Type

14.4.14.5. Market Revenue and Forecast, by Distribution Channel

14.4.14.6. Market Revenue and Forecast, by Age Group

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Provider

14.5.2. Market Revenue and Forecast, by Coverage

14.5.3. Market Revenue and Forecast, by Network Provider

14.5.4. Market Revenue and Forecast, by Plan Type

14.5.5. Market Revenue and Forecast, by Distribution Channel

14.5.6. Market Revenue and Forecast, by Age Group

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Provider

14.5.7.2. Market Revenue and Forecast, by Coverage

14.5.7.3. Market Revenue and Forecast, by Network Provider

14.5.7.4. Market Revenue and Forecast, by Plan Type

14.5.8. Market Revenue and Forecast, by Distribution Channel

14.5.8.1. Market Revenue and Forecast, by Age Group

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Provider

14.5.9.2. Market Revenue and Forecast, by Coverage

14.5.9.3. Market Revenue and Forecast, by Network Provider

14.5.9.4. Market Revenue and Forecast, by Plan Type

14.5.9.5. Market Revenue and Forecast, by Distribution Channel

14.5.9.6. Market Revenue and Forecast, by Age Group

Chapter 15. Company Profiles

15.1. Cigna Corporation

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. CVS Health Corporation

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Allianz

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Centene Corporation

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. United Healthcare Services, Inc.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. WellCare Health Plans, Inc.

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. National Insurance Company Limited

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Bupa Global

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Humana, Inc.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. AIA Group Limited

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The global health insurance market size was valued at USD 2.5 trillion in 2024 and it is predicted to surpass around USD 5.12 trillion by 2034.

The global health insurance market is expected to grow at a CAGR of 7.43% from 2025 to 2034.

The major players operating in the health insurance market are Cigna Corporation, CVS Health Corporation, Allianz, Centene Corporation, United Healthcare Services, Inc., WellCare Health Plans, Inc., National Insurance Company Limited, Bupa Global, Humana, Inc., and AIA Group Limited.

The demand for the health insurance is expected to grow at a burgeoning pace owing to the rising awareness regarding the benefits of health insurances among the consumers, growing burden of diseases, rising elderly population across the globe, growing penetration of internet, and rising popularity of the insurance policy aggregators.

North america region will lead the global health insurance market in the mentioned forecast period.

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