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 is compulsory in all the seven emirates across the UAE. The country has a robust presence of private and government-funded healthcare sectors that are actively working to deliver the highest standard of healthcare. The insurance offers several services, such as psychiatric care, diagnosis and treatment for illnesses and conditions, and emergency transportation, among others. The policyholders in the country are covered with the cost associated with the surgical and medical expenses through reimbursement.
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 UAE health insurance market is primarily driven by the increasing cost of healthcare services and the rising prevalence of several lifestyle diseases. The sudden outbreak of coronavirus disease (COVID-19) have prompted the government to mandate health insurance to its citizens, which is further bolstering the market growth. The private players are also entering the market and offering insurance services with several additional health benefits. Other factors, such as the shifting consumer preference toward minimally invasive procedures and rapid digitization across the healthcare sector, 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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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
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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