Critical Illness Insurance Market Size, Share, and Trends 2025 to 2034

The global critical illness insurance market size is calculated at USD 445.49 billion in 2025, and is predicted to hit around USD 854.11 billion by 2034, poised to grow at a CAGR of 7.50% between 2025 and 2034. The North America critical illness insurance market size accounted at USD 149.19 billion in 2024 and is anticipated to grow at the fastest CAGR of 7.55% during the forecast year. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : May 2025  |  Report Code : 3357  |  Category : Healthcare  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

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. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Critical Illness Insurance Market 

5.1. COVID-19 Landscape: Critical Illness 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 Critical Illness Insurance Market, By Premium Type

8.1. Critical Illness Insurance Market, by Premium Type

8.1.1 Monthly

8.1.1.1. Market Revenue and Forecast

8.1.2. Quarterly

8.1.2.1. Market Revenue and Forecast

8.1.3. Half Yearly

8.1.3.1. Market Revenue and Forecast

8.1.4. Yearly

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Critical Illness Insurance Market, By Diseases

9.1. Critical Illness Insurance Market, by Diseases

9.1.1. Cancer

9.1.1.1. Market Revenue and Forecast

9.1.2. Heart Attack

9.1.2.1. Market Revenue and Forecast

9.1.3. Stroke

9.1.3.1. Market Revenue and Forecast

9.1.4. Major Organ Transplant

9.1.4.1. Market Revenue and Forecast

9.1.5. Others

9.1.5.1. Market Revenue and Forecast

Chapter 10. Global Critical Illness Insurance Market, By Type 

10.1. Critical Illness Insurance Market, by Type

10.1.1. Individual Insurance

10.1.1.1. Market Revenue and Forecast

10.1.2. Family Insurance

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Critical Illness Insurance Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Premium Type

11.1.2. Market Revenue and Forecast, by Diseases

11.1.3. Market Revenue and Forecast, by Type

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Premium Type

11.1.4.2. Market Revenue and Forecast, by Diseases

11.1.4.3. Market Revenue and Forecast, by Type

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Premium Type

11.1.5.2. Market Revenue and Forecast, by Diseases

11.1.5.3. Market Revenue and Forecast, by Type

11.2. Europe

11.2.1. Market Revenue and Forecast, by Premium Type

11.2.2. Market Revenue and Forecast, by Diseases

11.2.3. Market Revenue and Forecast, by Type

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Premium Type

11.2.4.2. Market Revenue and Forecast, by Diseases

11.2.4.3. Market Revenue and Forecast, by Type

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Premium Type

11.2.5.2. Market Revenue and Forecast, by Diseases

11.2.5.3. Market Revenue and Forecast, by Type

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Premium Type

11.2.6.2. Market Revenue and Forecast, by Diseases

11.2.6.3. Market Revenue and Forecast, by Type

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Premium Type

11.2.7.2. Market Revenue and Forecast, by Diseases

11.2.7.3. Market Revenue and Forecast, by Type

11.3. APAC

11.3.1. Market Revenue and Forecast, by Premium Type

11.3.2. Market Revenue and Forecast, by Diseases

11.3.3. Market Revenue and Forecast, by Type

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Premium Type

11.3.4.2. Market Revenue and Forecast, by Diseases

11.3.4.3. Market Revenue and Forecast, by Type

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Premium Type

11.3.5.2. Market Revenue and Forecast, by Diseases

11.3.5.3. Market Revenue and Forecast, by Type

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Premium Type

11.3.6.2. Market Revenue and Forecast, by Diseases

11.3.6.3. Market Revenue and Forecast, by Type

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Premium Type

11.3.7.2. Market Revenue and Forecast, by Diseases

11.3.7.3. Market Revenue and Forecast, by Type

11.4. MEA

11.4.1. Market Revenue and Forecast, by Premium Type

11.4.2. Market Revenue and Forecast, by Diseases

11.4.3. Market Revenue and Forecast, by Type

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Premium Type

11.4.4.2. Market Revenue and Forecast, by Diseases

11.4.4.3. Market Revenue and Forecast, by Type

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Premium Type

11.4.5.2. Market Revenue and Forecast, by Diseases

11.4.5.3. Market Revenue and Forecast, by Type

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Premium Type

11.4.6.2. Market Revenue and Forecast, by Diseases

11.4.6.3. Market Revenue and Forecast, by Type

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Premium Type

11.4.7.2. Market Revenue and Forecast, by Diseases

11.4.7.3. Market Revenue and Forecast, by Type

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Premium Type

11.5.2. Market Revenue and Forecast, by Diseases

11.5.3. Market Revenue and Forecast, by Type

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Premium Type

11.5.4.2. Market Revenue and Forecast, by Diseases

11.5.4.3. Market Revenue and Forecast, by Type

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Premium Type

11.5.5.2. Market Revenue and Forecast, by Diseases

11.5.5.3. Market Revenue and Forecast, by Type

Chapter 12. Company Profiles

12.1. AIA Group Limited

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Manulife Financial Corporation

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Prudential Financial, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Ping An Insurance (Group) Company of China, Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. China Life Insurance Company Limited

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Allianz SE

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Zurich Insurance Group

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Aviva plc

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Bupa

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. MetLife, Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global critical illness insurance market size is expected to increase USD 854.11 billion by 2034 from USD 414.41 billion in 2024.

The global critical illness insurance market will register growth rate of 7.50% between 2025 and 2034.

The major players operating in the critical illness insurance market are AIA Group Limited, Manulife Financial Corporation, Prudential Financial, Inc., Ping An Insurance (Group) Company of China, Ltd., China Life Insurance Company Limited, Allianz SE, Zurich Insurance Group, Aviva plc, Bupa,, MetLife, Inc., American International Group, Inc. (AIG), Sun Life Financial Inc., AXA, Tokio Marine Holdings, Inc., Generali Group, and Others.

The driving factors of the critical illness insurance market are the increasing health awareness has surged demand and aging population significantly boosts.

North America region will lead the global critical illness insurance market during the forecast period 2025 to 2034.

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