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North America Health Insurance Market 2020-2030 by Coverage Type, Level of Coverage, Plan Period, Network, Provider, Buyer, Demographics, Distribution Channel, and Country: Trend Forecast and Growth Opportunity

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    Report

  • 113 Pages
  • August 2021
  • Region: North America
  • GMD Research
  • ID: 5415978
The North America health insurance market is expected to grow by 5.0% annually in the forecast period and reach $1,125 billion by 2030 driven by the increasing costs of healthcare services, the growing prevalence of chronic diseases, rising geriatric population, and the rapid rise of healthcare expenditure on account of government supports.

Highlighted with 29 tables and 61 figures, this 113-page report “North America Health Insurance Market 2020-2030 by Coverage Type (Medical, Disease, Income), Level of Coverage (Bronze, Silver, Gold, Platinum), Plan Period (Lifetime, Term), Network (PPOs, HMOs, POS, EPO), Provider (Public, Private), Buyer (Individuals, Corporates), Demographics (Minors, Adults, Senior Citizens), Distribution Channel (Agent & Brokers, Direct, E-commerce), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America health insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.

The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)

In-depth qualitative analyses include identification and investigation of the following aspects:

  • Market Structure
  • Growth Drivers
  • Restraints and Challenges
  • Emerging Product Trends & Market Opportunities
  • Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America health insurance market in every aspect of the classification from perspectives of Coverage Type, Level of Coverage, Plan Period, Network, Provider, Buyer, Demographics, Distribution Channel, and Country.

Report Scope


Based on Coverage Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Medical Insurance
  • Diseases Insurance
  • Income Protection Insurance
  • Other Insurance Types

Based on Level of Coverage, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Bronze Plan
  • Silver Plan
  • Gold Plan
  • Platinum Plan

Based on Plan Period, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Lifetime Insurance
  • Term Insurance

Based on Network, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Preferred Provider Organizations (PPOs)
  • Health Maintenance Organizations (HMOs)
  • Point of Services (POS)
  • Exclusive Provider Organization (EPO)
  • Other Networks

Based on Provider, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Private Providers
  • Public Providers
  • Standalone Health Insurers

Based on Buyer, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Individuals
  • Corporates
  • Other Buyers

Based on Demographics, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Minors
  • Adults
  • Senior Citizens

Based on Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

  • Insurance Agent & Brokers
  • Direct Marketing
  • E-commerce
  • Other Distribution Channels

Geographically, the following national/local markets are fully investigated:

  • U.S.
  • Canada
  • Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Coverage Type, Plan Period, Provider, and Demographics over the forecast years is also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

  • AIA Group Limited
  • Allianz Group
  • Anthem Inc.
  • Assicurazioni Generali S.p.A.
  • AXA Equitable Life Insurance Company
  • Berkshire Hathaway Inc.
  • China Life Insurance Company Limited
  • CVS Health Corporation (Aetna Inc.)
  • Munich Re Group
  • Ping An Insurance (Group) Company of China Ltd.
  • Prudential PLC
  • State Farm Group
  • UnitedHealth Group Incorporated
  • Zurich Insurance Group

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table of Contents

1 Introduction
1.1 Industry Definition and Research Scope
1.1.1 Industry Definition
1.1.2 Research Scope
1.2 Research Methodology
1.2.1 Overview of Market Research Methodology
1.2.2 Market Assumption
1.2.3 Secondary Data
1.2.4 Primary Data
1.2.5 Data Filtration and Model Design
1.2.6 Market Size/Share Estimation
1.2.7 Research Limitations
1.3 Executive Summary
2 Market Overview and Dynamics
2.1 Market Size and Forecast
2.1.1 Impact of COVID-19 on World Economy
2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis
3 Segmentation of North America Market by Coverage Type
3.1 Market Overview by Coverage Type
3.2 Medical Insurance
3.3 Diseases Insurance
3.4 Income Protection Insurance
3.5 Other Insurance Types
4 Segmentation of North America Market by Level of Coverage
4.1 Market Overview by Level of Coverage
4.2 Bronze Plan
4.3 Silver Plan
4.4 Gold Plan
4.5 Platinum Plan
5 Segmentation of North America Market by Plan Period
5.1 Market Overview by Plan Period
5.2 Lifetime Insurance
5.3 Term Insurance
6 Segmentation of North America Market by Network
6.1 Market Overview by Network
6.2 Preferred Provider Organizations (PPOs)
6.3 Health Maintenance Organizations (HMOs)
6.4 Point of Services (POS)
6.5 Exclusive Provider Organization (EPO)
6.6 Other Networks
7 Segmentation of North America Market by Provider
7.1 Market Overview by Provider
7.2 Private Providers
7.3 Public Providers
7.4 Standalone Health Insurers
8 Segmentation of North America Market by Buyer
8.1 Market Overview by Buyer
8.2 Individuals
8.3 Corporates
8.4 Other Buyers
9 Segmentation of North America Market by Demographics
9.1 Market Overview by Demographics
9.2 Minors
9.3 Adults
9.4 Senior Citizens
10 Segmentation of North America Market by Distribution Channel
10.1 Market Overview by Distribution Channel
10.2 Insurance Agent & Brokers
10.3 Direct Marketing
10.4 E-commerce
10.5 Other Distribution Channels
11 North America Market 2019-2030 by Country
11.1 Overview of North America Market
11.2 U.S.
11.3 Canada
11.4 Mexico
12 Competitive Landscape
12.1 Overview of Key Vendors
12.2 New Product Launch, Partnership, Investment, and M&A
12.3 Company Profiles
  • AIA Group Limited
  • Allianz Group
  • Anthem Inc.
  • Assicurazioni Generali S.p.A.
  • AXA Equitable Life Insurance Company
  • Berkshire Hathaway Inc.
  • China Life Insurance Company Limited
  • CVS Health Corporation (Aetna Inc.)
  • Munich Re Group
  • Ping An Insurance (Group) Company of China Ltd.
  • Prudential PLC
  • State Farm Group
  • UnitedHealth Group Incorporated
  • Zurich Insurance Group.

List of Tables:
Table 1. Snapshot of North America Health Insurance Market in Balanced Perspective, 2019-2030
Table 2. Growth Rate of World GDP, 2020-2022
Table 3. World Health Spending by Region, $ bn, 2013-2020
Table 4. Main Product Trends and Market Opportunities in North America Health Insurance Market
Table 5. North America Health Insurance Market by Coverage Type, 2019-2030, $ mn
Table 6. North America Health Insurance Market by Level of Coverage, 2019-2030, $ mn
Table 7. North America Health Insurance Market by Plan Period, 2019-2030, $ mn
Table 8. North America Health Insurance Market by Network, 2019-2030, $ mn
Table 9. North America Health Insurance Market by Provider, 2019-2030, $ mn
Table 10. North America Health Insurance Market by Buyer, 2019-2030, $ mn
Table 11. North America Health Insurance Market by Demographics, 2019-2030, $ mn
Table 12. North America Health Insurance Market by Distribution Channel, 2019-2030, $ mn
Table 13. North America Health Insurance Market by Country, 2019-2030, $ mn
Table 14. U.S. Health Insurance Market by Coverage Type, 2019-2030, $ mn
Table 15. U.S. Health Insurance Market by Plan Period, 2019-2030, $ mn
Table 16. U.S. Health Insurance Market by Provider, 2019-2030, $ mn
Table 17. U.S. Health Insurance Market by Demographics, 2019-2030, $ mn
Table 18. Canada Health Insurance Market by Coverage Type, 2019-2030, $ mn
Table 19. Canada Health Insurance Market by Plan Period, 2019-2030, $ mn
Table 20. Canada Health Insurance Market by Provider, 2019-2030, $ mn
Table 21. Canada Health Insurance Market by Demographics, 2019-2030, $ mn
Table 22. Mexico Health Insurance Market by Coverage Type, 2019-2030, $ mn
Table 23. Mexico Health Insurance Market by Plan Period, 2019-2030, $ mn
Table 24. Mexico Health Insurance Market by Provider, 2019-2030, $ mn
Table 25. Mexico Health Insurance Market by Demographics, 2019-2030, $ mn
Table 26. AIA Group Limited: Company Snapshot
Table 27. AIA Group Limited: Business Segmentation
Table 28. AIA Group Limited: Product Portfolio
Table 29. AIA Group Limited: Revenue, 2018-2020, $ mn
List of Figures:
Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030
Figure 4. North America Health Insurance Market, 2019-2030, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of North America Health Insurance Market
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060
Figure 9. Primary Restraints and Impact Factors of North America Health Insurance Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of North America Health Insurance Market
Figure 12. Breakdown of North America Health Insurance Market by Coverage Type, 2019-2030, % of Revenue
Figure 13. North America Addressable Market Cap in 2021-2030 by Coverage Type, Value ($ mn) and Share (%)
Figure 14. North America Health Insurance Market: Medical Insurance, 2019-2030, $ mn
Figure 15. North America Health Insurance Market: Diseases Insurance, 2019-2030, $ mn
Figure 16. North America Health Insurance Market: Income Protection Insurance, 2019-2030, $ mn
Figure 17. North America Health Insurance Market: Other Insurance Types, 2019-2030, $ mn
Figure 18. Breakdown of North America Health Insurance Market by Level of Coverage, 2019-2030, % of Sales Revenue
Figure 19. North America Addressable Market Cap in 2021-2030 by Level of Coverage, Value ($ mn) and Share (%)
Figure 20. North America Health Insurance Market: Bronze Plan, 2019-2030, $ mn
Figure 21. North America Health Insurance Market: Silver Plan, 2019-2030, $ mn
Figure 22. North America Health Insurance Market: Gold Plan, 2019-2030, $ mn
Figure 23. North America Health Insurance Market: Platinum Plan, 2019-2030, $ mn
Figure 24. Breakdown of North America Health Insurance Market by Plan Period, 2019-2030, % of Sales Revenue
Figure 25. North America Addressable Market Cap in 2021-2030 by Plan Period, Value ($ mn) and Share (%)
Figure 26. North America Health Insurance Market: Lifetime Insurance, 2019-2030, $ mn
Figure 27. North America Health Insurance Market: Term Insurance, 2019-2030, $ mn
Figure 28. Breakdown of North America Health Insurance Market by Network, 2019-2030, % of Revenue
Figure 29. North America Addressable Market Cap in 2021-2030 by Network, Value ($ mn) and Share (%)
Figure 30. North America Health Insurance Market: Preferred Provider Organizations (PPOs), 2019-2030, $ mn
Figure 31. North America Health Insurance Market: Health Maintenance Organizations (HMOs), 2019-2030, $ mn
Figure 32. North America Health Insurance Market: Point of Services (POS), 2019-2030, $ mn
Figure 33. North America Health Insurance Market: Exclusive Provider Organization (EPO), 2019-2030, $ mn
Figure 34. North America Health Insurance Market: Other Networks, 2019-2030, $ mn
Figure 35. Breakdown of North America Health Insurance Market by Provider, 2019-2030, % of Revenue
Figure 36. North America Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%)
Figure 37. North America Health Insurance Market: Private Providers, 2019-2030, $ mn
Figure 38. North America Health Insurance Market: Public Providers, 2019-2030, $ mn
Figure 39. North America Health Insurance Market: Standalone Health Insurers, 2019-2030, $ mn
Figure 40. Breakdown of North America Health Insurance Market by Buyer, 2019-2030, % of Revenue
Figure 41. North America Addressable Market Cap in 2021-2030 by Buyer, Value ($ mn) and Share (%)
Figure 42. North America Health Insurance Market: Individuals, 2019-2030, $ mn
Figure 43. North America Health Insurance Market: Corporates, 2019-2030, $ mn
Figure 44. North America Health Insurance Market: Other Buyers, 2019-2030, $ mn
Figure 45. Breakdown of North America Health Insurance Market by Demographics, 2019-2030, % of Revenue
Figure 46. North America Addressable Market Cap in 2021-2030 by Demographics, Value ($ mn) and Share (%)
Figure 47. North America Health Insurance Market: Minors, 2019-2030, $ mn
Figure 48. North America Health Insurance Market: Adults, 2019-2030, $ mn
Figure 49. North America Health Insurance Market: Senior Citizens, 2019-2030, $ mn
Figure 50. Breakdown of North America Health Insurance Market by Distribution Channel, 2019-2030, % of Revenue
Figure 51. North America Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)
Figure 52. North America Health Insurance Market: Insurance Agent & Brokers, 2019-2030, $ mn
Figure 53. North America Health Insurance Market: Direct Marketing, 2019-2030, $ mn
Figure 54. North America Health Insurance Market: E-commerce, 2019-2030, $ mn
Figure 55. North America Health Insurance Market: Other Distribution Channels, 2019-2030, $ mn
Figure 56. Breakdown of North America Health Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 57. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 58. U.S. Health Insurance Market, 2019-2030, $ mn
Figure 59. Canada Health Insurance Market, 2019-2030, $ mn
Figure 60. Health Insurance Market in Mexico, 2015-2030F, $ mn
Figure 61. Growth Stage of North America Health Insurance Industry over the Forecast Period

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AIA Group Limited
  • Allianz Group
  • Anthem Inc.
  • Assicurazioni Generali S.p.A.
  • AXA Equitable Life Insurance Company
  • Berkshire Hathaway Inc.
  • China Life Insurance Company Limited
  • CVS Health Corporation (Aetna Inc.)
  • Munich Re Group
  • Ping An Insurance (Group) Company of China Ltd.
  • Prudential plc
  • State Farm Group
  • UnitedHealth Group Incorporated
  • Zurich Insurance Group

Methodology

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