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 risks of a person. In the UAE, it is compulsory for the residents and citizens to have health insurance. Health insurance in the country is funded by private and government healthcare sectors, which are actively working to deliver the highest healthcare standard. The policyholders are covered with the cost associated with medical and surgical expenses through reimbursement. The insurance offers several services, such as emergency transportation, psychiatric care, and diagnosis and treatment for illnesses and other medical conditions.
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.
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The inflating cost of healthcare services is one of the prime factors driving the market growth. The increasing prevalence of several lifestyle diseases has encouraged the common mass to opt for healthcare insurance. In line with this, the recent outbreak of coronavirus disease (COVID-19) has compelled the government to mandate health insurance to provide proper treatment and care. Other factors, such as easy reimbursement processes and affordable insurance policies, are 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:
- Individual
- Group
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:
- Public
- Private
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.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market 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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