DUBLIN-(BUSINESS WIRE)–The report “India Health Insurance Market (2022-2027) by Plan Type, Duration, Application, Coverage, Type, Age Group, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to ResearchAndMarkets.com supply.
The health insurance market in India is valued at USD 122.11 billion in 2022 and is expected to reach USD 198.45 billion by 2027, growing at a CAGR of 10.2%.
The health insurance market in India is segmented on the basis of plan type, duration, application, coverage, type and age group.
By plan type, the market is classified into Medical Insurance, Critical Illness Insurance, Family Sailing Health Insurance and others.
Duration, the market is classified into whole life cover and term insurance.
Application, the market is classified into direct sales, brokers and agents, bankers, and others.
In terms of coverage, the market is classified into preferred provider organizations, point of service, health maintenance organization and exclusive provider organization.
Type, the market is classified into group and individual.
Age group, the market is classified into senior citizens, adults and children.
The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating companies’ position based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for analysis are financial performance in the last 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.
The report presents a detailed Ansoff matrix analysis of the health insurance market in India. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design company growth strategies. The matrix can be used to evaluate approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is also used for risk analysis to understand the risk associated with each approach.
Highlights of the report:
Complete market analysis including major industry
Important market dynamics and trends
Historical, current and forecast market size based on value and volume
Market shares and strategies of key players
Recommendations for companies to strengthen their positions in the market
Main topics covered:
1 Description of the report
2 Research methodology
4 Market dynamics
4.1.1 Increased health care costs
4.1.2 Increase in demand with the pandemic
4.1.3 Private organizations providing employer-sponsored health insurance plans
4.2.1 Eligibility Rules
4.3.1 The Rise of Insurtech
4.3.2 Increased demand for quality private care
4.4.1 Costs are exacerbated by an aging population
4.4.2 Certain health services and medical expenses are not covered
5 Market analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff matrix analysis
6 Health Insurance Market in India, by Plan Type
6.2 Medical Insurance
6.3 Critical Illness Insurance
6.4 Family Health Insurance
7 Health Insurance Market in India by Duration
7.2 Lifetime Coverage
7.3 Term of insurance
8 Health Insurance Market in India, by Application
8.2 Direct Sales
8.3 Brokers and Agents
9 Health insurance market in India, by coverage
9.2 Preferred Supplier Organizations
9.3 Point of Service
9.4 Health maintenance organization
9.5 Exclusive Provider Organization
10 Health Insurance Market in India, by Type
11 The health insurance market in India, by age group
11.2 Senior Citizen
12 Competitive landscape
12.1 Competition Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 Mergers and Acquisitions and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
The mentioned companies
Aditya Birla Health Insurance Co. Ltd.
Bajaj Allianz General Insurance
Care Health insurance
Cholamandalam MS General Insurance Company Ltd
Edelweiss General Insurance Company
Go Digit General Insurance Limited
ICICI Lombard General Insurance Company
Kotak Mahindra General Insurance Company Ltd
Life Insurance Corporation of India
Magma HDI General Insurance Company
Manipal Cigna Health Insurance Company
Max Life Insurance Company Limited
Navi General Insurance Limited
Niva Bupa Health Insurance Limited
Reliance General Insurance Company Limited
SBI General Insurance
Star Health and Allied Insurance Co Ltd
Tata AIG General Insurance Company Limited
The Oriental Insurance Company Ltd
For more information on this report, visit https://www.researchandmarkets.com/r/adqayy