United Arab Emirates Health Insurance Market Size, Share and Forecast by 2022-2027

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SHERIDAN, WYOMING, UNITED STATES, July 14, 2022 /EINPresswire.com/ — According to the latest report from IMARC Groupentitled “United Arab Emirates Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the United Arab Emirates health insurance market reached a value of US$7.1 billion in 2021. In the meantime, IMARC Group expects the market to reach US$11.1 billion by 2027, posting a CAGR of 7.5% over the period 2022-2027.

Health insurance represents a risk management service that provides financial assistance for medical and surgical expenses incurred as a result of illness or injury. It is usually offered by an employer, in which the premiums are partially paid by the employees and the rest is covered by the company. Several expenses, including medication, hospitalization, medical consultation, ambulance, care costs, etc., are covered by the health insurance funds. In addition to this, they offer arrangements to the insured, such as managed care, allowances, point-of-service (POS) plans, etc. Some of the common types of health insurance include individual, family, senior, supplemental group, critical illness, etc.

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United Arab Emirates Health insurance market trends:

The increasing prevalence of cancer, stroke, diabetes, kidney failure, etc. United Arab Emirates health insurance market. Moreover, the implementation of strict regulations by the government bodies in this country to provide compulsory health insurance to the citizens is catalyzing the growth of the market. Additionally, various companies are covering the medical expenses incurred due to the sudden onset of the COVID-19 pandemic, which acts as another major growth factor. Additionally, they are also focusing on digitizing claims processing and policy management. This, in turn, propels the demand for health insurance into United Arab Emirates. In addition, many technological advances, including the introduction of cloud-based services and big data analytics, to enable seamless communication between involved parties, are expected to fuel the United Arab Emirates health insurance market over the forecast period.

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Competitive landscape with key players:

The competitive landscape of United Arab Emirates The 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 segmented the United Arab Emirates health insurance market by type and service provider.

Breakdown by type:

Individual
Band

On the basis of type, the market has been segmented into individual and group insurance. Currently, individual health insurance represents the leading segment.

Breakdown by service provider:

Audience
Private

The market has been analyzed on the basis of service provider which mainly includes public and private. At present, private health insurance providers show a clear dominance in the market, representing the largest segment.

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Note: We are updating our reports. If you want to get the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape etc. Click on request a free sample report, the published report will be delivered to you in PDF format by e-mail within 24 to 48 hours.

Main 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
Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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