Health Insurance Market Share, Size, Trends and Growth to 2020

Technavio Announces the Publication of its Research Report   Global Health Insurance Market 2016-2020

Technavio recognizes the following companies as the key players in the global health insurance market: Zurich Insurance, United Healthcare, Aviva, AXA, and Allianz.

Other Prominent Vendors in the market are: Aetna Foundation, AIA Insurance, Blue Cross Blue Shield, and Kaiser foundation.

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Commenting on the report, an analyst from Technavios team said: Innovations in healthcare products and solutions will be a key trend for market growth. It is important for healthcare providers to formulate different business models that will help them understand the customer value proposition. This is done by understanding different customer segments and investment patterns in health coverage policies. Therefore, it is important to understand the demographics and behavioral data statistics, which would also help in personalized relationship development.”

According to the report, increase in chronic diseases will be a key driver for market growth. Chronic diseases, like stroke, heart disease, cancer, type 2 diabetes, and arthritis, have become very common across the globe. This has led to the health risk behaviors among different individuals. Individuals and families that have employer-sponsored healthcare have greater out of pocket costs in case of chronic sickness. Therefore, there are many private as well as government health insurance companies that are providing chronic disease management solutions. This integrated approach helps in managing the illness of individuals, which includes check-ups, screening, monitoring, among others. This management program also helps in educating patients about various diseases, thereby improving quality of life and reducing healthcare costs for individual customers.

Further, the report states that lower...