A careful and transparent research studies conducted by a team of experts in their own domain gets this global Medical Insurance market research report done efficiently. When globalization is at the high level, businesses opt to take advantage of the global market for marketing and selling their product. And that is where this global market report assists them in the journey of achieving success globally. This report brings as one all-inclusive industry analysis with precise evaluations and forecasts which all together gives absolute research solutions and brings maximum industry clarity for strategic decision making.
Data Bridge Market Research analyses that the medical insurance market to account USD 29.227 billion by 2029 growing at a CAGR of 10.30% in the forecast period of 2022-2029. The growing cost of healthcare and need for efficient flow of processes without the inconvenience caused due to payment processes will help in driving the growth of the health insurance market.
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Medical expenses incurred during the treatment of any disease, injury, or other mental or physical impairment are covered by health insurance. It provides healthcare benefits in exchange for a monthly/semi-annual/annual premium or a payroll tax. The insurer is required to cover the policyholder's medical expenses for the duration and coverage of the policy. Depending on the policy, coverage may differ for a variety of factors such as diseases, age group, government policies, and others.
Some of the major players operating in the medical insurance market are Unitedhealth Group, Anthem Insurance Companies, Inc., Aetna Inc., Centene Corporation, Cigna, Allianz Care, Axa, Assicurazioni Generali S.P.A., Bupa, AIA Group Limited, Aviva, BMI Healthcare, Broadstone Corporate Benefits Limited, HBF Health Limited, Healthcare International Global Network Ltd., International Medical Group, Inc., Mapfre, Now Health International, Oracle, VHI Group and Vitality Corporate Services Limited among others.
Key Developments
In August 2020, Baxter International confirmed that the U.S. FDA had granted a new application for Theranova, its novel dialysis membrane.
In August 2020, Stryker received the FDA approval for an extended indication of the Neuroform Atlas Stent System.
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