Press release
Critical Illness Insurance Market Research 2024 - Industry Analysis, Size, Share, Future Trends, Growth Opportunities And Forecast 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Critical Illness Insurance Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $451.59 billion In 2028 At A CAGR Of 12.0% :
The critical illness insurance market size has grown rapidly in recent years. It will grow from $249.05 billion in 2023 to $286.98 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to healthcare costs, medical advances, awareness and education, lifestyle factors, employer benefits.
The critical illness insurance market size is expected to see rapidly grown in the next few years. It will grow to $451.59 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to aging population, disease prevalence, high healthcare costs, personal financial planning, technological advances. Major trends in the forecast period include digital transformation, customized coverage, heart disease coverage, multi-illness policies.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=4004&type=smp
Critical Illness Insurance Market Major Segments
The critical illness insurance market covered in this report is segmented -
1) By Type: Individual Insurance, Family Insurance
2) By Premium Mode: Monthly, Quarterly, Half Yearly, Yearly
3) By Application: Cancer, Heart Attack, Stroke, Other Applications
Key Driver - The Benefits Of Critical Illness Insurance For Patients And Providers
The increased prevalence of critical diseases is driving the global critical illness insurance market. Treatment for critical illnesses such as cancer incurs a huge amount, and therefore, having critical illness insurance can be beneficial to lower the burden of the treatment cost. The insurance service providers provide a lump-sum payment to the policyholder upon diagnosis of the critical disease. Some other common types of critical illnesses include heart attack, stroke, and coronary artery bypass. For instance, in October 2022, according to the Centers for Disease Control and Prevention, a US-based government organization, the weekly count of cancer deaths with COVID-19 increased from 28 to 1,055 between 2020 and 2022 to January 2022 (1,055) and January 2021 (953), respectively, were the greatest numbers for this month. . Therefore, the growing prevalence of critical illness is expected to drive the global critical illness insurance market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=4004&type=smp
Prominent Trend - The Impact Of New Diseases On The Critical Illness Insurance Market
An increase in the range of critical illnesses covered in critical illness insurance policies is a major trend shaping the critical insurance market. Major insurance companies are focusing on adding coverage for many new diseases such as Alzheimer's disease, multiple sclerosis, Parkinson's disease, and motor neuron diseases besides cancer, stroke, coronary artery bypass, and heart attack. For instance, according to the Parkinson's Foundation, 1 million people are suffering from the disease in the US, and it is expected to reach 1.2 million by 2030. This increase in the range of critical illnesses is responsible for the growing trend in insurance policies.
Critical Illness Insurance Market Players
Major companies operating in the critical illness insurance market include China Life Insurance Company Limited, Allianz SE, Ping An Insurance Company of China Ltd., Aviva plc, Legal and General Group plc, China Pacific Insurance Co. Ltd., Prudential plc, New China Life Insurance Co. Ltd., Aegon NV, AXA SA, American International Group Inc., Sun Life Financial Inc., Aflac Inc., Huaxia Life Insurance Co., Ltd., MetLife Inc., Zurich Insurance Group Ltd., Hospitals Contribution Fund of Australia Limited, Dai-ichi Life Insurance Company Limited, UnitedHealthcare Inc., Liberty Mutual Group, Bajaj Allianz General Insurance Company Limited, Cigna Group, Future Generali India Insurance Company Limited, Royal London Mutual Insurance Society Limited, United HealthCare Services Inc., Plum Benefits Private Limited, Tata AIG General Insurance Company Limited, AmMetLife Insurance Berhad, Star Union Dai-ichi Life Insurance Company Ltd., Manulife Financial Corporation, Great-West Lifeco Inc., Canada Life Assurance Company, Chubb Limited, Assurity Life Insurance Company, Colonial Life and Accident Insurance Company, Mutual of Omaha, New York Life Insurance Company
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/critical-illness-insurance-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the critical illness insurance market in 2023. Asia-Pacific was the second largest region in the critical illness insurance market report. The regions covered in the critical illness insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Critical Illness Insurance Market Report Structure
3. Critical Illness Insurance Market Trends And Strategies
4. Critical Illness Insurance Market - Macro Economic Scenario
5. Critical Illness Insurance Market Size And Growth
…..
27. Critical Illness Insurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Critical Illness Insurance Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $451.59 billion In 2028 At A CAGR Of 12.0% :
The critical illness insurance market size has grown rapidly in recent years. It will grow from $249.05 billion in 2023 to $286.98 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to healthcare costs, medical advances, awareness and education, lifestyle factors, employer benefits.
The critical illness insurance market size is expected to see rapidly grown in the next few years. It will grow to $451.59 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to aging population, disease prevalence, high healthcare costs, personal financial planning, technological advances. Major trends in the forecast period include digital transformation, customized coverage, heart disease coverage, multi-illness policies.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=4004&type=smp
Critical Illness Insurance Market Major Segments
The critical illness insurance market covered in this report is segmented -
1) By Type: Individual Insurance, Family Insurance
2) By Premium Mode: Monthly, Quarterly, Half Yearly, Yearly
3) By Application: Cancer, Heart Attack, Stroke, Other Applications
Key Driver - The Benefits Of Critical Illness Insurance For Patients And Providers
The increased prevalence of critical diseases is driving the global critical illness insurance market. Treatment for critical illnesses such as cancer incurs a huge amount, and therefore, having critical illness insurance can be beneficial to lower the burden of the treatment cost. The insurance service providers provide a lump-sum payment to the policyholder upon diagnosis of the critical disease. Some other common types of critical illnesses include heart attack, stroke, and coronary artery bypass. For instance, in October 2022, according to the Centers for Disease Control and Prevention, a US-based government organization, the weekly count of cancer deaths with COVID-19 increased from 28 to 1,055 between 2020 and 2022 to January 2022 (1,055) and January 2021 (953), respectively, were the greatest numbers for this month. . Therefore, the growing prevalence of critical illness is expected to drive the global critical illness insurance market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=4004&type=smp
Prominent Trend - The Impact Of New Diseases On The Critical Illness Insurance Market
An increase in the range of critical illnesses covered in critical illness insurance policies is a major trend shaping the critical insurance market. Major insurance companies are focusing on adding coverage for many new diseases such as Alzheimer's disease, multiple sclerosis, Parkinson's disease, and motor neuron diseases besides cancer, stroke, coronary artery bypass, and heart attack. For instance, according to the Parkinson's Foundation, 1 million people are suffering from the disease in the US, and it is expected to reach 1.2 million by 2030. This increase in the range of critical illnesses is responsible for the growing trend in insurance policies.
Critical Illness Insurance Market Players
Major companies operating in the critical illness insurance market include China Life Insurance Company Limited, Allianz SE, Ping An Insurance Company of China Ltd., Aviva plc, Legal and General Group plc, China Pacific Insurance Co. Ltd., Prudential plc, New China Life Insurance Co. Ltd., Aegon NV, AXA SA, American International Group Inc., Sun Life Financial Inc., Aflac Inc., Huaxia Life Insurance Co., Ltd., MetLife Inc., Zurich Insurance Group Ltd., Hospitals Contribution Fund of Australia Limited, Dai-ichi Life Insurance Company Limited, UnitedHealthcare Inc., Liberty Mutual Group, Bajaj Allianz General Insurance Company Limited, Cigna Group, Future Generali India Insurance Company Limited, Royal London Mutual Insurance Society Limited, United HealthCare Services Inc., Plum Benefits Private Limited, Tata AIG General Insurance Company Limited, AmMetLife Insurance Berhad, Star Union Dai-ichi Life Insurance Company Ltd., Manulife Financial Corporation, Great-West Lifeco Inc., Canada Life Assurance Company, Chubb Limited, Assurity Life Insurance Company, Colonial Life and Accident Insurance Company, Mutual of Omaha, New York Life Insurance Company
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/critical-illness-insurance-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the critical illness insurance market in 2023. Asia-Pacific was the second largest region in the critical illness insurance market report. The regions covered in the critical illness insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Critical Illness Insurance Market Report Structure
3. Critical Illness Insurance Market Trends And Strategies
4. Critical Illness Insurance Market - Macro Economic Scenario
5. Critical Illness Insurance Market Size And Growth
…..
27. Critical Illness Insurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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