GCC Health Insurance Market: Market Size, Forecast, Insights, and Competitive Landscape

The GCC health insurance market is expected to grow at a CAGR of around 7.2% during 2023-2030. This report on GCC health insurance market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the GCC health insurance market by segmenting the market based on type, service provider, term, distribution channel and region. Also, detailed profiles of companies operating in the health insurance market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

Developing Healthcare Industry
Mandatory health insurance evolutionary trends in UAE
Partnerships with Government Regulatory Bodies

Market Challenges

Long Time Durations
Large Competition

Historical & Forecast Period

Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030

Market by Type

Individual
Group

Market by Service Provider

Public
Private

Market by Term

Short-term
Long-term

Market by Distribution Channel

Agents
Brokers
Banks
Online Sales
Other Channels of Distribution

Market by Region

Saudi Arabia
United Arab Emirates (UAE)
Kuwait
Qatar
Bahrain
Oman

Frequently Asked Questions about the GCC Health Insurance Market

What is the estimated value of the GCC Health Insurance Market?

The GCC Health Insurance Market was estimated to be valued at $17.67 Billion in 2023.

What is the growth rate of the GCC Health Insurance Market?

The growth rate of the GCC Health Insurance Market is 7.2%, with an estimated value of $28.68 Billion by 2030.

What is the forecasted size of the GCC Health Insurance Market?

The GCC Health Insurance Market is estimated to be worth $28.68 Billion by 2030.

Who are the key companies in the GCC Health Insurance Market?

Key companies in the GCC Health Insurance Market include AXA Gulf Insurance, Abu Dhabi National Insurance Company (ADNIC)/ MSH International, National Health Insurance Company (Daman), Orient Insurance Company/Allianz, Emirates Insurance Company, Ras Al Khaimah National Insurance Company., Dubai Islamic Insurance & Reinsurance Co., Oman Insurance Company. and Daman Health Insurance.

Report Attribute	Details
No. of Pages	115
Published	April 2023
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 17.67 Billion
Forecasted Market Value ( USD ) by 2030	$ 28.68 Billion
Compound Annual Growth Rate	7.2%
Regions Covered	Middle East
No. of Companies Mentioned	9

1. Preface

1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions

2. Key Insights

3. GCC Health Insurance Market

3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges

4. GCC Health Insurance Market Analysis

4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19

5. GCC Health Insurance Market by Type

5.1. Introduction
5.2. Individual
5.3. Group

6. GCC Health Insurance Market by Service Provider

6.1. Introduction
6.2. Public
6.3. Private

7. GCC Health Insurance Market by Term

7.1. Introduction
7.2. Short-term
7.3. Long-term

8. GCC Health Insurance Market by Region

8.1. Introduction
8.2. Agents
8.3. Brokers
8.4. Banks
8.5. Online Sales
8.6. Other Channels of Distribution

9. GCC Health Insurance Market by Region

9.1. Introduction
9.2. Saudi Arabia
9.3. United Arab Emirates (UAE)
9.4. Kuwait
9.5. Qatar
9.6. Bahrain
9.7. Oman

10. SWOT Analysis11. Porter’s Five Forces12. Market Value Chain Analysis

13. Competitive Landscape

13.1. Competitive Scenario
13.2. Company Profiles
13.2.1. AXA Gulf Insurance
13.2.2. Abu Dhabi National Insurance Company (ADNIC)/ MSH International
13.2.3. National Health Insurance Company (Daman)
13.2.4. Orient Insurance Company/Allianz
13.2.5. Emirates Insurance Company
13.2.6. Ras Al Khaimah National Insurance Company.
13.2.7. Dubai Islamic Insurance & Reinsurance Co.
13.2.8. Oman Insurance Company.
13.2.9. Daman Health Insurance

List of Figures

Figure 1: GCC Health Insurance Market (in US$ Million), 2018-2022
Figure 2: GCC Health Insurance Market by Type, 2022
Figure 3: GCC Health Insurance Market by Service Provider, 2022
Figure 4: GCC Health Insurance Market by Term, 2022
Figure 5: GCC Health Insurance Market by Distribution Channel, 2022
Figure 6: GCC Health Insurance Market by Region, 2022
Figure 7: GCC Health Insurance Market (in US$ Million), 2023-2030
Figure 8: GCC Health Insurance Market by Type (in %), 2022 & 2030
Figure 9: GCC Individual Health Insurance market (in US$ Million), 2018-2022
Figure 10: GCC Individual Health Insurance market (in US$ Million), 2023-2030
Figure 11: GCC Group Health Insurance market (in US$ Million), 2018-2022
Figure 12: GCC Group Health Insurance market (in US$ Million), 2023-2030
Figure 13: GCC Health Insurance Market by Service Provider (in %), 2022 & 2030
Figure 14: GCC Public Health Insurance market (in US$ Million), 2018-2022
Figure 15: GCC Public Health Insurance market (in US$ Million), 2023-2030
Figure 16: GCC Private Health Insurance market (in US$ Million), 2018-2022
Figure 17: GCC Private Health Insurance market (in US$ Million), 2023-2030
Figure 18: GCC Health Insurance Market by Term (in %), 2022 & 2030
Figure 19: GCC Short-term Health Insurance market (in US$ Million), 2018-2022
Figure 20: GCC Short-term Health Insurance market (in US$ Million), 2023-2030
Figure 21: GCC Long-term Health Insurance market (in US$ Million), 2018-2022
Figure 22: GCC Long-term Health Insurance market (in US$ Million), 2023-2030
Figure 23: GCC Health Insurance Market by Distribution Channel (in %), 2022 & 2030
Figure 24: GCC Agents Health Insurance market (in US$ Million), 2018-2022
Figure 25: GCC Agents Health Insurance market (in US$ Million), 2023-2030
Figure 26: GCC Brokers Health Insurance market (in US$ Million), 2018-2022
Figure 27: GCC Brokers Health Insurance market (in US$ Million), 2023-2030
Figure 28: GCC Banks Health Insurance market (in US$ Million), 2018-2022
Figure 29: GCC Banks Health Insurance market (in US$ Million), 2023-2030
Figure 30: GCC Online Sales Health Insurance market (in US$ Million), 2018-2022
Figure 31: GCC Online Sales Health Insurance market (in US$ Million), 2023-2030
Figure 32: GCC Other Channels of Distribution Health Insurance market (in US$ Million), 2018-2022
Figure 33: GCC Other Channels of Distribution Health Insurance market (in US$ Million), 2023-2030
Figure 34: GCC Health Insurance Market by Region (in %), 2022 & 2030
Figure 35: Saudi Arabia Health Insurance market (in US$ Million), 2018-2022
Figure 36: Saudi Arabia Health Insurance market (in US$ Million), 2023-2030
Figure 37: United Arab Emirates (UAE) Health Insurance market (in US$ Million), 2018-2022
Figure 38: United Arab Emirates (UAE) Health Insurance market (in US$ Million), 2023-2030
Figure 39: Kuwait Health Insurance market (in US$ Million), 2018-2022
Figure 40: Kuwait Health Insurance market (in US$ Million), 2023-2030
Figure 41: Qatar Health Insurance market (in US$ Million), 2018-2022
Figure 42: Qatar Health Insurance market (in US$ Million), 2023-2030
Figure 43: Bahrain Health Insurance market (in US$ Million), 2018-2022
Figure 44: Bahrain Health Insurance market (in US$ Million), 2023-2030
Figure 45: Oman Health Insurance market (in US$ Million), 2018-2022
Figure 46: Oman Health Insurance market (in US$ Million), 2023-2030
Figure 47: Market Value Chain

List of Tables

Table 1: GCC Health Insurance Market Portraiture
Table 2: Global Health Insurance Market (in US$ Million), 2022 & 2030
Table 3: GCC Health Insurance Market by Type (in US$ Million), 2022 & 2030
Table 4: GCC Health Insurance Market by Service Provider (in US$ Million), 2022 & 2030
Table 5: GCC Health Insurance Market by Term (in US$ Million), 2022 & 2030
Table 6: GCC Health Insurance Market by Distribution Channel (in US$ Million), 2022 & 2030
Table 7: GCC Health Insurance Market by Region (in US$ Million), 2022 & 2030
Table 8: List of Key Players