Categories: Wire Stories

India Health Insurance Market Report 2022-2027: Increased Cost of Healthcare & Private Organisations Providing Employer-Sponsored Health Insurance Plans Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “India Health Insurance Market (2022-2027) by Plan Type, Duration, Application, Coverage, Type, Age Group, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

India’s Health Insurance Market is estimated to be USD 122.11 Bn in 2022 and is expected to reach USD 198.45 Bn by 2027, growing at a CAGR of 10.2%.

Market Segmentation

  • India’s Health Insurance Market is segmented based on Plan Type, Duration, Application, Coverage, Type, and Age Group.
  • Plan Type, the market is classified into Medical Insurance, Critical Illness Insurance, Family Floater Health Insurance, and Others.
  • Duration, the market is classified into Life-Time Coverage, and Term Insurance.
  • Application, the market is classified into Direct Sales, Brokers and Agents, Bankers, and Others.
  • Coverage, the market is classified into Preferred Provider Organizations, Point of Services, Health Maintenance Organization, and Exclusive Provider Organisation.
  • Type, the market is classified into Group, and Individual.
  • Age Group, the market is classified into Senior Citizen, Adult, and Children.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for India’s Health Insurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Drivers

4.1.1 Increased Cost of Healthcare

4.1.2 Demand Increase with Pandemic

4.1.3 Private Organisations Providing Employer-Sponsored Health Insurance Plans

4.2 Restraints

4.2.1 Eligibility Regulations

4.3 Opportunities

4.3.1 Rise of Insurtech

4.3.2 Increased Demand for Quality Private Care

4.4 Challenges

4.4.1 Costs are Exacerbated by the Aging Population

4.4.2 Some Healthcare Services and Medical Expense Not Covered

5 Market Analysis

5.1 Regulatory Scenario

5.2 Porter’s Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff Matrix Analysis

6 India’s Health Insurance Market, By Plan Type

6.1 Introduction

6.2 Medical Insurance

6.3 Critical Illness Insurance

6.4 Family Floater Health Insurance

6.5 Others

7 India’s Health Insurance Market, By Duration

7.1 Introduction

7.2 Life-Time Coverage

7.3 Term Insurance

8 India’s Health Insurance Market, By Application

8.1 Introduction

8.2 Direct Sales

8.3 Brokers and Agents

8.4 Bankers

8.5 Others

9 India’s Health Insurance Market, By Coverage

9.1 Introduction

9.2 Preferred Provider Organizations

9.3 Point of Services

9.4 Health Maintenance Organization

9.5 Exclusive Provider Organisation

10 India’s Health Insurance Market, By Type

10.1 Introduction

10.2 Group

10.3 Individual

11 India’s Health Insurance Market, By Age Group

11.1 Introduction

11.2 Senior Citizen

11.3 Adult

11.4 Children

12 Competitive Landscape

12.1 Competitive Quadrant

12.2 Market Share Analysis

12.3 Strategic Initiatives

12.3.1 M&A and Investments

12.3.2 Partnerships and Collaborations

12.3.3 Product Developments and Improvements

Companies Mentioned

  • Aditya Birla Health Insurance Co. Ltd.
  • Bajaj Allianz General Insurance
  • Care Health Insurance
  • Cholamandalam MS General Insurance Company Ltd
  • Edelweiss General Insurance Company
  • Go Digit General Insurance Limited
  • HDFC ERGO
  • ICICI Lombard General Insurance Company
  • Kotak Mahindra General Insurance Company Ltd
  • Life Insurance Corporation of India
  • Magma HDI General Insurance Company
  • Manipal Cigna Health Insurance Company
  • Max Life Insurance Company Limited
  • Navi General Insurance Limited
  • Niva Bupa Health Insurance Limited
  • Reliance General Insurance Company Limited
  • SBI General Insurance
  • Star Health and Allied Insurance Co Ltd
  • Tata AIG General Insurance Company Limited
  • The Oriental Insurance Company Ltd

For more information about this report visit https://www.researchandmarkets.com/r/adqayy

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Alex

Alex is a writer and digital content enthusiast who enjoys covering technology, current trends, useful tips, and topics that matter to everyday readers. With a focus on clear, informative, and easy-to-understand content, Alex aims to provide readers with practical insights and interesting perspectives across a wide range of subjects.

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