According to the latest report by IMARC Group, titled “UAE Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The UAE health insurance market reached a value of US$ 7.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.1 Billion by 2027, exhibiting a CAGR of 7.5% during 2022-2027.
Health insurance helps cover the medical expenses incurred during the treatment of any physical injury or disease. The UAE government has mandated health insurance across all seven emirates. The country is backed by the presence of several private and government-funded institutions,
Which are providing a high standard of healthcare.
Health insurance covers several services, including medical claims, emergency transportation, psychiatric care, and diagnosis and treatment for illnesses, among others.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
UAE Health Insurance Market Trends:
The recent coronavirus disease (COVID-19) outbreak has compelled the different government bodies of the region to mandate health insurance to its citizens. This, in turn, represents one of the prime factors driving the market growth in the UAE.
Moreover, the increasing prevalence of several lifestyle diseases and the surging costs of healthcare services are acting as other growth-inducing factors. Apart from this, improving claim management services and rapid digitization of healthcare processes are further creating a positive outlook for the market.
Competitive Landscape With Key Players:
The competitive landscape of the UAE health insurance market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the UAE health insurance market on the basis of type and service provider.
Breakup by Type:
On the basis of the type, the market has been segmented into individual and group insurance. Currently, individual health insurance represents the leading segment.
Breakup by Service Provider:
The market has been analyzed on the basis of the service provider which mainly includes public and private. At present, private health insurance providers exhibit a clear dominance in the market, Representing the largest segment.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/uae-health-insurance-market
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Key highlights of the report:
Market Outlook (2022-2027)
Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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