According to, "HIPAA (Health Insurance Portability and Accountability Act) – HIPAA in correlation with PHI (Protected Health Information) requires healthcare organizations to ensure that applications are secure, and sensitive patient and business data is protected when in use, during transmission or when stored in a mobile device."
The article cited AMA's Global Health and Medical Insurance Market Study explored substantial growth with CAGR of 8.6%. According the report, Growing Health Awareness
is one of the primary growth factors for the market. Rising Number of Diseases
is also expected to contribute significantly to the Health and Medical Insurance market. Overall, Public Sector
applications of Health and Medical Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Health and Medical Insurance market identified that the demand is rising in many different parts of the world as "Rising Opportunities in Digitization of Accessing Policies
" Furthermore, some recent industry insights like "On 5th March 2018, AXA a leading insurance provider has acquired 100% of XL Group Ltd. a leading global Property & Casualty commercial lines insurer. The deal was established for 15.3 billion dollar." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Health and Medical Insurance market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Health and Medical Insurance market and other related sub-markets covered in the study.
o Key & emerging players in the Health and Medical Insurance market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Health and Medical Insurance market size is calculated using market estimation process, the Health and Medical Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Health and Medical Insurance market size has been validated using both top-down and bottom-up approaches.