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Illness Insurance Market Is Booming Worldwide | China Life Insurance, Allianz , Ping an Insurance , Aviva


iCrowdNewswire   Oct 6, 20201:00 PM ET

Global Illness Insurance Market Size study with COVID-19 impact, by Type (Diseases Insurance, Medical Insurance and Income Protection Insurance), by Application (Cancer, Heart attack, Stroke and Others) and Regional Forecasts 2020-2026, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Illness Insurance  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Illness Insurance  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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Global Illness Insurance Market is valued approximately at USD 33.68 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.80% over the forecast period 2019-2026.

Illness Insurance Market

Illness insurance is also called as critical insurance cover or dread disease policy, where an insurer comes in a contract with client to make a lump sum cash payment if the policyholder is diagnosed with some specific critical diseases such as cancer, heart attack and stokes etc. covered in the insurance policy.

As treating such critical illnesses may requires multiple visits to the hospitals over a long period of time and results in addition to the other hospitalization cost such as doctor visits, medical expenses etc. Whereas, the global impact of COVID-19 results in favorable growth in the demand of the illness insurance market as COVID-19 becomes a critical disease across the globe that accounts for high hospitalization cost along with additional cost related to doctor visits and medical expenses etc. In addition, the rapid growth in chronic diseases across the globe and favorable benefits of covering high cost incurred in treatment of such diseases by illness insurance policies is the factor driving the growth of market over the forecast years. For instance: According to the World Health Organization (WHO), it is projected that till 2020, Chronic disease will account for three-quarter of all deaths worldwide including 75% of death due to stroke, 71% of deaths due to ischaemic heart disease and 70% of deaths due to diabetes in developing countries.  However, lack of awareness about critical illness insurance is expected to hamper the market growth during the forecast period.

The regional analysis of global Illness Insurance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in critical diseases in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rapid growth in chronic diseases in the region along with growth awareness among people about critical illness insurance

would create lucrative growth prospects for the Illness Insurance market across Asia-Pacific region.

Major market player included in this report are:

China Life Insurance

Allianz

Ping an Insurance 

Aviva

Legal & General

China Pacific Insurance

Prudential plc

New China Life Insurance

Aegon

Sun Life Financial

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Disease Insurance

Medical Insurance

Income Protection Insurance

By Application:

Cancer

Heart attack

Stroke

Other

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Illness Insurance  Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Illness Insurance Market, by Region, 2018-2026 (USD Billion)
1.2.2. Illness Insurance Market, by Type, 2018-2026 (USD Billion)
1.2.3. Illness Insurance Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Illness Insurance Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Illness Insurance Market Dynamics
3.1. Illness Insurance Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Illness Insurance Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Illness Insurance Market, by Type
5.1. Market Snapshot
5.2. Global Illness Insurance Market by Type, Performance – Potential Analysis
5.3. Global Illness Insurance Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. Illness Insurance Market, Sub Segment Analysis
5.4.1. Disease Insurance
5.4.2. Medical Insurance
5.4.3. Income Protection Insurance
Chapter 6. Global Illness Insurance Market, by Application
6.1. Market Snapshot
6.2. Global Illness Insurance Market by Application, Performance – Potential Analysis
6.3. Global Illness Insurance Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Illness Insurance Market, Sub Segment Analysis
6.4.1. Cancer
6.4.2. Heart attack
6.4.3. Stroke
6.4.4. Other

……..and view more in complete table of Contents

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