Scope of the Study
Online medical insurance are the medical insurance which are obtained online by comparing with various other policies. The medical insurance policy quotes can be obtained easily online from various broker sites. Also, with the access to internet, these quotes can be compared with others. The quotes help to take informed decisions according to the need of a person. The online medical policy comes with various benefits and coverage in an affordable price. However, the cheapest policy may not provide all the coverage a person need.
The market study is being classified by Type (Individual plan, Family floater plan, Senior citizen plan, Critical illness plans and Maternity plan) and major geographies with country level break-up.
Allstate (United States), Progressive (United States), United Healthcare Group (United States), Anthem (United States), Aetna (United States), Cigna (United States), Humana (United States), Centene (United States), Molina healthcare (United States) and Wellcare health plans (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Highmark (United States), HDFC ergo (India), CVS health corp (United States) and HCSC (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Medical Insurance market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Online Medical Insurance market by Type, Application and Region.
On the basis of geography, the market of Online Medical Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing geriatric population is fueling the market
- Advantages such as easy comparison and offers as well as discounts
- Increasing promotional activities about the health insurance
- Adoption of technology such as machine learning and Artificial intelligence
- High costs related to the health insurance products
- Increasing internet penetration is boosting the market growth
- Increasing GDP and healthcare expenditure across the world
- Government initiatives for reimbursement policies
- Development of policies for corona virus by health insurance providers
- Long time required for claim settlement
Market Leaders and their expansionary development strategies
On 9th December 2019, United Heath Group has acquired Diplomat pharmacy which is a nationally recognized specialty pharmacy.
Key Target AudienceOnline health insurance providers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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