The cancer insurance global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cancer Insurance Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The cancer insurance market size has grown strongly in recent years. It will
grow from $70.00 billion in 2023 to $75.67 billion in 2024 at a compound annual
growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed
to increasing cancer incidence rates, medical inflation, awareness and
education, and a potential rise in premiums reflecting increased treatment
costs, economic growth, government policies, and support.
The cancer insurance market size is expected to see strong growth in the next
few years. It will grow to $103.76 billion in 2028 at a compound annual growth
rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to an
aging population, product and service innovations, economic trends, healthcare
policies and regulations, awareness campaigns and marketing, and pandemic
impact. Major trends in the forecast period include product innovation for more
comprehensive coverage, customizable policies tailored to individual needs,
integration with health plans or offered as riders, and advancements in
technology influencing coverage options.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/cancer-insurance-global-market-report
Scope Of Cancer Insurance Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Cancer Insurance Market Overview
Market Drivers -
The rising cancer incidences are expected to propel the growth of the cancer
insurance market going forward. Rising cancer incidences are primarily due to
factors such as aging populations, lifestyle changes, including tobacco use and
poor diet, and environmental factors such as pollution and exposure to
carcinogens. Cancer insurance provides financial protection by covering medical
expenses and related costs not typically covered by regular health insurance,
offering support against the significant financial burden of cancer treatment.
For instance, in April 2024, according to the International Agency for Research
on Cancer (IARC), a France-based intergovernmental agency, and the American
Cancer Society (ACS), a US-based non-profit organization dedicated to
eliminating cancer, in 2022, there were nearly 20 million new global cancer
cases, with predictions indicating a 77% rise to 35 million annually by 2050.
Lung cancer was the most diagnosed (12.4%), followed by breast (11.6%) and
colorectal cancers (9.6%). Lung cancer also led to fatalities, causing 1.8
million deaths (18.7%), followed by colorectal (9.3%) and liver cancers (7.8%).
Therefore, the rising cancer incidences will drive the growth of the cancer
insurance market.
Market Trends -
Major companies operating in the cancer insurance market are focusing on
innovative insurance products, such as a special cancer insurance policy for
women, to provide customized coverage for their specific health needs. The
cancer insurance policy for women addresses the unique healthcare and financial
needs of female policyholders facing a cancer diagnosis, providing specialized
coverage and support. For instance, in March 2024, Elephant. in, an India-based
insurance company, launched a unique cancer insurance policy designed
specifically for women. The newly introduced policy is designed to provide
robust financial security for women facing the significant burdens of cancer
diagnosis and treatment. It covers the five main types of cancers that affect
women—breast, cervical, ovarian, oral, and colorectal. The policies ensure lump
sum payouts upon diagnosis of any covered cancer, offering financial support
ranging from ₹5,00,000 ($0.5 million) to ₹30,00,000 ($0.3 million).
The cancer insurance market covered in this report is segmented –
1) By Type: Lung Cancer, Liver Cancer
2) By Insurance Plan: Individual Plan, Supplement Plan, Critical Illness Plan
3) By Distribution Channel: Brokers, Bancassurance, Agents, Direct Sales,
Others Distribution Channels
4) By End-user: Adult, Children
Get an inside scoop of the cancer insurance market, Request now for Sample
Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16366&type=smp
Regional Insights -
North America was the largest region in the cancer insurance market in 2023.
The regions covered in the cancer insurance market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the cancer insurance market are
<b>UnitedHealth Group Incorporated, Ping An Insurance (Group) Company of
China Ltd, Cigna Group, Allianz SE, Legal & General Group plc, AXA SA,
Aetna Inc, MetLife Inc, Dai-ichi Life Holdings Inc, Munich Re Group, China
Pacific Life Insurance Co Ltd, American International Group Inc, Liberty Mutual
Insurance Company, China Life Insurance Company Limited, Zurich Insurance Group
Ltd, MAPFRE SA, Huaxia Life Insurance Co Ltd, Aegon NV, AFLAC Incorporated,
Atlas Cancer Insurance Services Ltd, Unum Group, Prudential plc, Bajaj Finserv
Limited, Mutual of Omaha Insurance Company, Sun Life Financial Inc, Saga
Plc</b>
Table of Contents
1. Executive Summary
2. Cancer Insurance Market Report Structure
3. Cancer Insurance Market Trends And Strategies
4. Cancer Insurance Market – Macro Economic Scenario
5. Cancer Insurance Market Size And Growth
…..
27. Cancer Insurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment