As of 2023, UnitedHealth Group had a share of ** percent in the U.S. health insurance market. Elevance health (Anthem) had the second-largest health insurance market share, covering ** percent of the market. The top five largest insurance companies represented around ** percent of the total U.S. market share in the health insurance industry. Health insurance market in the U.S. The United States does not have a universal healthcare system for its citizens. In the U.S. most individuals depend on employer-sponsored health coverage for their healthcare needs. Private health insurance dominates the market as it provides group and non-group policies. Public health insurance offers coverage under federal programs, Medicare and Medicaid/CHIP are the most popular ones. The U.S. health insurance industry has witnessed significant changes in the last decade, with increased spending by private insurance, expanded coverage through the ACA, and a growing Medicare Advantage market. Medicare Advantage market Medicare Advantage plans give Medicare beneficiaries the option of receiving benefits from private plans rather than from the traditional Medicare program. UnitedHealthcare, part of UnitedHealth Group, is the largest U.S. health insurance company by total membership. In 2023, Medicare Advantage provided coverage to ** million Americans, among which some *** million Medicare Advantage (MA) beneficiaries were enrolled in a plan from the UnitedHealth Group Inc.

The US Health and Medical Insurance Market is Segmented by Coverage Type (Employer-Sponsored, Individual (ACA / Non-Group), and More), Plan Type (HMO, PPO, EPO, and More), Insurance Type (Major Medical (Comprehensive), Medicare Supplement, and More), Distribution Channel (Direct To Consumer, Brokers & Agents, and More), and Region (Northeast, Midwest, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2022, UnitedHealth Group Inc was the market leader and had a ** percent share of the U.S. health insurance market. Ellevance Health and CVS (Aetna) followed with a market share of ** percent and ** percent, respectively. Who is UnitedHealth Group? UnitedHealth Group is headquartered in Minnesota and was founded in 1977. The revenue generated by the company has steadily risen since 2007. The company offers health care products as well as insurance coverage. Membership In 2023, Kaiser was the largest health insurance company in the United States, followed by Ellevance and UnitedHealth. Membership of Kaiser almost reached **** million in that year. Meanwhile, UnitedHealth is among the largest companies worldwide in terms of revenue and the largest health care company on that list.

United States Health Insurance Market was valued at USD 1234.45 Billion in 2024 and is expected to reach USD 1778.32 Billion by 2030 with a CAGR of 6.98%.

The U.S. Individual Health Insurance Market size was valued at USD 1,684.8 billion in 2023 and is projected to reach USD 2703 billion by 2032, exhibiting a CAGR of 6.08 % during the forecasts period. The individual health insurance in the United States involves selling insurance products that enable a person to get medical facilities in case of a medical complication by shielding monetarily for different wellness solutions ranging from physician business, hospitalization, and prescription drugs. These are plans that are bought by people who do not have access to their employer’s group health insurance or any government scheme. Some of the uses of Health plans are to improve on health security of the person, controlling on medical costs and getting a group of healthcare givers. Such factors as escalating health costs, enhance customers’ awareness of insurance coverage, and influence of healthcare reforms have triggered the market growth. These possibilities are the increase in the availability of telemedicine, the introduction of high-deductible health plans integrated with HSAs, and the use of insurance plans based on individuals’ health and preference.

In 2022, the Medicaid health insurance market was dominated by the Centene Corp. group, with almost ** percent share of the Medicaid market in the United States. This statistic illustrates the market share of the top five health insurance companies for Medicaid in the U.S. in 2022.

The United States health and medical insurance market size was valued at USD 1.5 million in 2025 and is projected to reach USD 2.3 million by 2033, exhibiting a CAGR of over 6.00% during the forecast period. The market's growth is attributed to factors such as the increasing prevalence of chronic diseases, rising healthcare costs, and government initiatives to expand health insurance coverage. Key drivers of the market include the aging population, increasing healthcare costs, and technological advancements in the healthcare industry. The growing adoption of high-deductible health plans (HDHPs) and managed care plans is also expected to drive the market's growth. However, factors such as the high cost of health insurance premiums and the increasing number of uninsured individuals may restrain the market's growth. The market is segmented based on procurement type, products and services offered, place of purchase, and region. The employer-based insurance segment holds the largest market share due to the rising costs of healthcare and the increasing number of employees opting for employer-sponsored health plans. The pharmacy benefit management segment is expected to witness the highest growth rate during the forecast period due to the increasing prevalence of chronic diseases and the rising demand for prescription drugs. Recent developments include: January 2024: HCSC entered into a binding contract with The Cigna Group to purchase its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses. This acquisition will bring significant advantages to HCSC's existing and prospective members, as it will strengthen the company's capabilities and expand its presence, especially in the expanding Medicare sector., January 2024: Elevance Health announced its plans to acquire Paragon Healthcare Inc., a well-known company specializing in delivering vital infusible and injectable therapies that enhance and preserve lives.. Key drivers for this market are: Government Subsidized Health Insurance Schemes is Boosting the Sales of Health and Medical Insurance Policies, Aging Population in United States and increasing Healthcare Costs. Potential restraints include: Government Subsidized Health Insurance Schemes is Boosting the Sales of Health and Medical Insurance Policies, Aging Population in United States and increasing Healthcare Costs. Notable trends are: The Online Channel is Expected to Witness New Growth Avenues in the Coming Future.

The United States health insurance market will grow from USD 613 billion in 2024 to USD 1161.7 billion by 2032, at a CAGR of 8.5% during 2025–2032.

The India Health and Medical Insurance Market is Segmented by Policy Type (Individual Health Insurance, Family Floater & Group Health, and More), Coverage Type (In-Patient Hospitalization, Out-Patient & Day-Care, and More), Demographic (0-18, 19-45 Years, and More), Provider Type (Public, Private Sector, and More), Distribution Channel (Agents & Brokers, and More), and Region. The Market Forecasts are Provided in Value (USD).

The United States Health and Medical Insurance market, valued at $1.5 trillion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% from 2025 to 2033. This expansion is fueled by several key drivers. The aging population necessitates increased healthcare coverage, while rising chronic disease prevalence necessitates more extensive and costly treatments. Technological advancements, such as telehealth and remote patient monitoring, are improving access and efficiency, contributing to market growth. Furthermore, evolving government regulations and initiatives aimed at expanding health insurance coverage, like the Affordable Care Act, continue to shape the market landscape. However, challenges remain. High healthcare costs and increasing premiums pose significant restraints, particularly for individuals and small businesses. The market is segmented by procurement type (directly purchased, employer-based – categorized further into small and large group markets), products and services offered (Pharmacy Benefit Management, High Deductible Health Plans, Fee-For-Service Plans, Managed Care Plans), and place of purchase (on and off exchange). Major players like UnitedHealth Group, Elevance Health, and Cigna Group dominate the market, competing through diverse product offerings and strategic partnerships. The market's future trajectory will depend on factors such as continued technological innovation, regulatory changes, and effective cost containment strategies. The competitive landscape is characterized by consolidation and strategic alliances, as major players seek to expand their market share and offer comprehensive healthcare solutions. The growth of employer-sponsored plans remains significant, especially in the large group market segment. However, the individual market, particularly those purchasing plans on and off the exchange, also shows consistent growth albeit at a possibly slower pace compared to the employer-sponsored sector. The increasing prevalence of chronic conditions and the demand for specialized care drive the growth of managed care plans and pharmacy benefit management services. The ongoing focus on value-based care models is also impacting the market, encouraging providers to focus on better health outcomes and cost efficiency. Future growth will depend on the ability of insurance providers to adapt to these evolving market dynamics and successfully manage the challenges of rising costs and regulatory pressures. Recent developments include: January 2024: HCSC entered into a binding contract with The Cigna Group to purchase its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses. This acquisition will bring significant advantages to HCSC's existing and prospective members, as it will strengthen the company's capabilities and expand its presence, especially in the expanding Medicare sector., January 2024: Elevance Health announced its plans to acquire Paragon Healthcare Inc., a well-known company specializing in delivering vital infusible and injectable therapies that enhance and preserve lives.. Key drivers for this market are: Government Subsidized Health Insurance Schemes is Boosting the Sales of Health and Medical Insurance Policies, Aging Population in United States and increasing Healthcare Costs. Potential restraints include: Government Subsidized Health Insurance Schemes is Boosting the Sales of Health and Medical Insurance Policies, Aging Population in United States and increasing Healthcare Costs. Notable trends are: The Online Channel is Expected to Witness New Growth Avenues in the Coming Future.

In 2022, the Medicare health insurance market for the group business was dominated by the UnitedHealth Group Inc, with almost ** percent share of the Medicare insurance market. This statistic illustrates the market share of leading health insurance companies for Medicare in the United States in 2022.

Health and medical insurance companies experienced significant fluctuations in performance in recent years. The onset of COVID-19 led to a substantial increase in healthcare spending in 2020 and 2021, as demand for medical services surged. Consequently, investment in health insurance witnessed a dramatic rise, contributing to robust revenue growth during these years. However, with inflation peaking in 2022, consumer purchasing power diminished, causing households to reduce their spending on health insurance. This factor, coupled with a slowdown in health expenditure growth as the immediate pandemic effects waned, resulted in meager revenue growth for insurers in 2022, a notable deceleration compared to prior years. The industry performed better in 2023 as low inflation enabled consumers to more easily afford health insurance, with revenue then rising significantly in 2024 due to soaring investment income. More broadly, providers have been influenced by slowing healthcare inflation, despite a historically rapid rise in prior decades. For example, from 1970 to 2010, health expenditures skyrocketed, buoyed by substantial innovations. However, recent years have seen this growth plateau. This is attributed to a shift toward less costly innovation, focusing more on pharmaceutical advancements rather than costly healthcare system overhauls. Consequently, providers have faced slower revenue growth. Consolidation has risen as the industry’s largest players have used economies of scale, acquisitions and advertising to take over more of the market. Regardless, internal competition has soared as more providers have entered the industry to capture new revenue streams due to rising short-term health spending and the aging of the US population, constraining profit. Overall, revenue for health and medical insurance companies has swelled at a CAGR of 3.8% over the past five years, reaching $1.5 trillion in 2025. This includes a 2.5% rise in revenue in that year. The industry's landscape is set for further evolution over the next five years. Anticipated steady economic growth, with GDP projected to rise and unemployment to remain low, is likely to bolster health insurance revenue streams, primarily through heightened spending on employer-sponsored and private health plans. However, the potential for economic disruptions, such as the implementation of tariffs, could affect providers’ stability. As the population ages and healthcare demand grows, insurers will seek to tailor their policies to address the needs of an older demographic, necessitating comprehensive services. Overall, revenue for health and medical insurance providers is forecast to expand at a CAGR of 2.7% over the next five years, reaching $1.8 trillion in 2030.

The short-term health insurance market, while a niche segment within the broader health insurance landscape, exhibits significant growth potential driven by increasing demand for affordable, temporary coverage options. The market's size in 2025 is estimated at $5 billion, reflecting a Compound Annual Growth Rate (CAGR) of approximately 12% between 2019 and 2025. This growth is fueled by several key factors: a rising uninsured population seeking cost-effective solutions between employer-sponsored plans, the increasing prevalence of the gig economy with its contingent workforce, and the growing awareness of short-term health insurance as a viable option for individuals facing temporary gaps in coverage or specific short-term needs. Significant market segments include individual plans purchased directly from insurers and those sold through brokers, alongside specific offerings for those temporarily between jobs or needing coverage for specific events like travel. However, the market also faces limitations. Regulatory scrutiny and evolving state-level mandates concerning minimum essential health benefits impact the product design and affordability of short-term plans. Consumer understanding of the limitations of these plans—typically excluding pre-existing conditions and offering limited coverage durations—remains a key challenge. The competitive landscape is dynamic, with established players like Anthem, UnitedHealth Group, and Aetna competing alongside smaller specialized insurers. Future growth will depend on successful navigation of regulatory hurdles, increased consumer education initiatives, and innovation in product offerings to enhance value and address evolving market needs. Geographic variations in consumer preferences and regulatory environments also significantly influence market performance, with North America and Europe expected to maintain leading market share throughout the forecast period.

The Global Health Insurance Market was valued at USD 1878.52 Billion in 2023 and is anticipated to grow with a CAGR of 5.2% through 2029

Canada Health Insurance Market is Segmented by Product Type (Private Medical Insurance, Public / Social Security Schemes), Term of Coverage (Short-Term, and Long-Term), Distribution Channel (Brokers/Agents, Bancassurance, Direct-To-Consume, Employer-Sponsored, and More), End-User (Individuals, Smes, and Large Corporate), and Region. The Market Forecasts are Provided in Value (USD).

The size of the France Health Insurance Market market was valued at USD 203.2 billion in 2023 and is projected to reach USD 284.21 billion by 2032, with an expected CAGR of 4.91 % during the forecast period. France Health Insurance Market is an insurance policy that pays for medical costs and health care facilities including hospitalizations, doctor visits and prescription medications. It comprises both the state insurance and the private insurance sector with state insurance, called Sécurité Sociale being the one that provides the health insurance to the entire population under the funding with the taxes. However, private health insurance comes in to fill this gap by offering other extra amenities and expenses not catered for by the public insurance system such as; elective procedures better amenities among others. The market is influenced by the new trend of increased individualism and need for supplemental insurance due to the ever rising population’s age and the escalating healthcare costs. Some trends are that digital health solutions are coming more and more to the foreground, increasing focus on preventive care, and a greater focus on customer satisfaction and customized plans.

Market Size statistics on the Health & Medical Insurance industry in the US

Market Size and Growth: The UK health and medical insurance market is in a state of steady growth, with a projected CAGR of 4.56% from 2025 to 2033. The market size is estimated to be 8.17 million in 2025, with a value unit of millions. Key drivers behind this growth include rising healthcare costs, increased awareness of health and well-being, and the aging population. Trends and Segments: The market has witnessed several trends, including the growing popularity of private medical insurance, the emergence of healthcare cash plans, and the rise of dental insurance plans. The market is segmented based on product type (private medical insurance, healthcare cash plans, dental insurance plans) and procurement type (self-pay health coverage, employee-sponsored health coverage). Major players in the market include BUPA, AXA PPP, PT Astra Aviva Life, and Freedom Health Insurance. The report provides regional data for North America, South America, Europe, Middle East & Africa, and Asia Pacific. Publisher: [Market Research Company Name] Publish Date: [Month, Year] Number of Pages: [Number] Price: [Amount] The UK Health And Medical Insurance Market report presents a comprehensive analysis of the market including statistics, forecasts, competitive landscape, and trends. The report provides an in-depth look at the market's key segments, including product types, application, and end-user. The report also examines the market's major drivers and challenges and provides insights into the market's future prospects. Recent developments include: On November 2022, in partnership with online platform JAAQ in a six-month trial for boosting access to personalised expert-led health advice online. This adds to Bupa's mental health support which provides ongoing, around-the-clock support for a wealth of mental health conditions, such as anxiety, depression and addiction., On February 2022, AXA UK&I acquired renewable rights to Ageas UK's commercial business at an initial consideration of 47.5 million GBP. This acquisition will strengthen AXA's growth strategy and commitment to its commercial business customers and broker partnerships, particularly in the SME and Schemes market segments. As part of the agreement, around 100 Ageas UK employees will move to AXA Commercial to provide ongoing support and service delivery.. Notable trends are: Global Economic Slowdown and Better Government Insurance Services Affecting the United Kingdom Health and Medical Insurance.

Gender-Inclusive Health Insurance Market Outlook

According to our latest research, the global Gender-Inclusive Health Insurance market size reached USD 12.3 billion in 2024, with a robust CAGR of 13.8% from 2025 to 2033. This dynamic market is projected to expand significantly, reaching USD 37.2 billion by 2033. The impressive growth rate is driven by increasing societal awareness, evolving regulatory frameworks, and a rising demand for equitable healthcare solutions that address the needs of all gender identities.

One of the primary growth factors for the Gender-Inclusive Health Insurance market is the global shift toward diversity, equity, and inclusion (DEI) in healthcare systems. As governments and private sector organizations increasingly recognize the health disparities faced by transgender, non-binary, and gender non-conforming individuals, there is a concerted push to bridge these gaps. Legislative changes in several countries now require insurance providers to offer coverage that is not limited by gender binaries, ensuring access to gender-affirming treatments, mental health services, and preventive care. This paradigm shift is not only a response to social justice movements but also a reflection of evolving consumer expectations, compelling insurers to design more inclusive products that cover a broader spectrum of healthcare needs.

Another significant driver is the role of corporate social responsibility and employee well-being initiatives. Large enterprises and SMEs alike are adopting gender-inclusive health insurance plans as part of their benefits packages to attract and retain top talent from diverse backgrounds. The inclusion of gender-affirming coverage, fertility treatments, and support for LGBTQ+ health needs is becoming a competitive differentiator in the global job market. Furthermore, digital transformation across the insurance sector has made it easier for individuals to access customized plans through online platforms, increasing market penetration and awareness. Insurtech innovations are enabling more transparent, flexible, and user-friendly solutions, further accelerating adoption among younger, tech-savvy populations.

The third major growth factor lies in the intersection of healthcare policy, advocacy, and technological advancement. Advocacy groups and non-governmental organizations are playing a critical role in educating both policymakers and the public about the importance of inclusive insurance. This has led to the development of comprehensive plans that address unique health risks and barriers faced by gender minorities. Additionally, advancements in data analytics and artificial intelligence are empowering insurers to better understand the needs of diverse populations, enabling more precise underwriting and risk assessment. As a result, the market is witnessing a proliferation of tailored products that can adapt to the evolving landscape of gender identity and expression.

Regionally, North America and Europe are at the forefront of the Gender-Inclusive Health Insurance market, accounting for the largest market shares in 2024. The United States, Canada, the United Kingdom, Germany, and the Nordic countries have implemented progressive policies and fostered a supportive environment for inclusive insurance solutions. Meanwhile, the Asia Pacific region is emerging as a high-growth market, driven by increasing urbanization, rising awareness of LGBTQ+ rights, and expanding middle-class populations. Latin America and the Middle East & Africa are gradually catching up, with localized initiatives and multinational insurers introducing pilot programs to address regional disparities. This regional diversity in adoption reflects varying levels of regulatory maturity, cultural acceptance, and healthcare infrastructure development across the globe.

Coverage Type Analysis

The Coverage Type segment of the Gender-Inclusive Health Insurance market is divided into Individual, Family, and Group plans, each catering to distinct demographic ne

The current health expenditure as a share of the GDP in the United States was forecast to continuously increase between 2024 and 2029 by in total 0.8 percentage points. According to this forecast, in 2029, the share will have increased for the seventh consecutive year to 17.98 percent. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Canada and Mexico.