In the United States, average employee premium contributions and deductibles as a percentage of median household income have risen in the past decade. In 2020, an employee’s total potential out-of-pocket medical costs (premium and deductible) amounted to 11.6 percent of median income. This included 6.9 percent in employee premium contributions and 4.7 percent in deductibles. However, states varied greatly in median income spent on premiums and deductibles, with workers in Mississippi having to spend on average 19 percent of their income on potential out-of-pocket medical costs.

Employer sponsored health insurance In 2020, over half of the U.S. population has some type of employment-based health insurance coverage. The Affordable Care Act penalizes large employers (with 50 or more full-time employees), if they do not provide health insurance to their employees. Nevertheless, of the uninsured aged under 65 years, the large majority worked either full or part-time (or someone in their household did).

Out-of-pocket medical costs Despite having insurance coverage, most plans have a deductible, the amount an insured must pay themselves that year before their insurance starts covering for them. The average annual deductible for single coverage amounted to roughly 1,700 U.S. dollars in 2021. Even after reaching their deductible, most insured have other forms of out-of-pocket health costs in the form of co-payments and co-insurance for health services or prescription drugs.

In 2023, working households in Japan spent an average of ***** thousand Japanese yen per month on public health insurance premiums. The average monthly expenditure per household decreased from ** thousand yen in the previous year.

The Medical Expenditure Panel Survey (MEPS) Household Component (HC) collects data from a sample of families and individuals in selected communities across the United States, drawn from a nationally representative subsample of households that participated in the prior year's National Health Interview Survey (conducted by the National Center for Health Statistics). During the household interviews, MEPS collects detailed information for each person in the household on the following: demographic characteristics, health conditions, health status, use of medical services, charges and source of payments, access to care, satisfaction with care, health insurance coverage, income, and employment. The panel design of the survey, which features several rounds of interviewing, makes it possible to determine how changes in respondents' health status, income, employment, eligibility for public and private insurance coverage, use of services, and payment for care are related. Public Use Files for Household data are available on the MEPS website.

Graph and download economic data for Real Medical Services Expenditures by Provider: Nursing Homes: Nonprofit Nursing Homes Services to Households (NONUHOREXHCSA) from 2000 to 2021 about nursing homes, nursing, healthcare, medical, health, expenditures, households, services, real, and USA.

Introduction: To examine the relationship between chronic health conditions and out-of-pocket costs (OOPC) and medical debt. Methods: Secondary data from the 2013 Panel Study of Income Dynamics (PSID) was used. Households whose head of household and spouse (for married households) were 18 to 64 years old were included. Results: Results from multivariate models showed that an increase in chronic health conditions by one increased the likelihood of having any OOPC by 68%, any medical debt by 135%, the amount of OOPC by 30% and the amount of medical debt by 60%. Conclusions: Findings from this study show that the presence of chronic health conditions impose a large financial burden on some households.

Graph and download economic data for Medical Services Expenditures by Provider: Nursing Homes (NURHOMEXPHCSA) from 2000 to 2021 about nursing homes, nursing, healthcare, medical, health, expenditures, services, and USA.

According to a survey conducted in June 2022, 24 percent of Hispanic adults and 23 percent of Black adults in the U.S. reported cutting back on health care services or medicines to pay for other household expenses in the last 12 months. This graph shows the share of U.S. adults who cut back on healthcare costs to pay for other household expenses in 2022, by ethnicity.

Health and Medical Insurance Market Outlook

The global health and medical insurance market size was valued at approximately $2.8 trillion in 2023 and is projected to reach around $4.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period. This robust growth can be attributed to a combination of factors, including rising healthcare costs, increasing awareness about the importance of health insurance, and an aging global population. The market's expansion is further supported by technological advancements that streamline the insurance process and enhance customer experience.

One of the primary growth drivers in this market is the escalating cost of healthcare services worldwide. Medical inflation is outpacing general inflation, leading to higher out-of-pocket expenses for individuals. This has created a significant demand for health and medical insurance as a financial safety net. Furthermore, advancements in medical technology and the introduction of new treatment methods are contributing to higher healthcare costs, which in turn boosts the demand for insurance coverage. Governments and private entities are increasingly collaborating to make health insurance more accessible and affordable, thus driving market growth.

Another crucial factor contributing to the market's growth is the increasing awareness and understanding of health insurance benefits among the global population. With the proliferation of information through digital media and government initiatives, more people are becoming aware of the financial and health security that insurance provides. Educational campaigns and policy reforms are playing a pivotal role in educating the masses about the necessity of health insurance, thereby leading to higher enrollment rates. Additionally, employers are also recognizing the importance of offering health benefits to their employees, which further adds to the market's growth.

The aging global population is another significant driver for the health and medical insurance market. As the population ages, the prevalence of chronic diseases and the need for long-term care increase. Older adults are more likely to require frequent medical attention, making health insurance a crucial component of their financial planning. This demographic shift is particularly pronounced in developed countries, but emerging markets are also beginning to experience similar trends. Consequently, insurance providers are developing specialized products to cater to the needs of an aging population, thereby expanding their customer base.

Regionally, the market growth is expected to vary significantly. North America currently dominates the market, thanks to high healthcare costs, comprehensive insurance plans, and government mandates like the Affordable Care Act. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. This can be attributed to improving economic conditions, increased healthcare spending, and growing awareness about health insurance. Countries like China and India are implementing extensive healthcare reforms, making insurance more accessible to their vast populations. Europe and Latin America are also expected to show steady growth, supported by government initiatives and increasing private sector participation.

Type Analysis

The health and medical insurance market can be segmented by type into individual health insurance, family health insurance, critical illness insurance, and others. Individual health insurance plans are designed to cover a single person, offering customized coverage based on personal health needs. This segment is experiencing significant growth due to the increasing number of self-employed individuals and freelancers who require personal health coverage. Additionally, the rise in single-person households is contributing to the demand for individual health insurance plans.

Family health insurance plans cover the entire family under a single policy. These plans are becoming increasingly popular as they offer comprehensive coverage for all family members, often at a lower cost compared to purchasing individual policies for each member. The convenience and cost-effectiveness of family health insurance plans are driving their adoption, especially among young families who are looking to secure their health future. Moreover, insurers are offering flexible plans that can be tailored to meet the specific health needs of families, further boosting this segment.

Critical illness insurance is another vital segment

In 2023, the South Korean government's public health insurance program National Health Insurance Service (NHIS) made up around **** percent of the total medical expenditure that year. The remaining **** percent of medical costs were taken on by private insurance companies. The NHIS has taken on a slowly increasing share of the total medical expenses. Medical expenditure in South Korea In 2023, South Korea’s total national medical expenditure amounted to about ***** trillion South Korean won. Both total and per capita spending have risen over the past decade, further leading to increases in premiums. The NHIS is a compulsory universal health insurance scheme run by the government and is financed by a payroll tax. It covers roughly ** percent of hospital inpatient costs. The role of private health insurance in South Korea With the NHIS only covering part of the insured’s medical costs, it is common in South Korea to pay for additional private health insurance. As this represents an additional cost on top of NHIS premiums, the share of households covered and the extent of personal health coverage varies by income. On average, privately insured households held **** private health insurance subscriptions. In comparison, low-income households only had **** subscriptions on average.

This table contains 1288 series, with data for years 1997 - 2009 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...); Household spending, health care (23 items: Total health care; Direct health care costs to household; Health care supplies (for example, first aid kits, wheelchairs); Medicinal and pharmaceutical products; ...); Statistics (4 items: Average expenditure; Percent of households reporting; Estimated number of households reporting; Median expenditure per household reporting).

Private Health Insurance Market Outlook

The global private health insurance market size is projected to grow from USD 1.2 trillion in 2023 to USD 2.4 trillion by 2032, at a compound annual growth rate (CAGR) of 8.1% during the forecast period. The market is primarily driven by the increasing cost of healthcare services, rising prevalence of chronic diseases, and growing awareness about the importance of health insurance. The expansion of the middle class and increased regulatory mandates for health coverage also contribute significantly to market growth.

One of the key growth factors for the private health insurance market is the rising cost of healthcare services. As medical expenses continue to climb, individuals and families are increasingly seeking health insurance plans to mitigate financial risk. This is especially important in regions without comprehensive public healthcare systems, where private health insurance becomes a necessity rather than a choice. Additionally, technological advancements in healthcare have led to more expensive treatments and procedures, further enhancing the need for insurance coverage. The growing out-of-pocket expenses associated with healthcare services necessitate the adoption of private health insurance to ensure financial protection.

Another significant factor contributing to the market's growth is the increasing prevalence of chronic diseases such as diabetes, heart disease, and cancer. These conditions often require long-term treatment and medication, making health insurance coverage essential for managing the associated costs. The aging global population is also contributing to the rise in chronic conditions, thereby boosting demand for private health insurance. With the world's elderly population expected to double by 2050, the need for robust health insurance plans is more critical than ever. This demographic shift is particularly noticeable in developed regions, but emerging markets are also experiencing similar trends.

Moreover, growing awareness about the importance of health insurance is driving market growth. Governments and private organizations are increasingly undertaking initiatives to educate the public about the benefits of health insurance. Campaigns focusing on financial literacy and the long-term advantages of having health coverage are influencing consumer behavior positively. Additionally, the COVID-19 pandemic has heightened awareness about the unpredictability of health emergencies, encouraging more people to invest in health insurance policies. As a result, the penetration of private health insurance is expected to rise significantly over the coming years.

Health Related Insurance plays a pivotal role in ensuring that individuals and families can access necessary medical care without facing financial hardship. As healthcare costs continue to rise, these insurance plans provide a safety net by covering a wide range of medical expenses, from routine check-ups to emergency treatments. They offer peace of mind, knowing that unexpected health issues won't lead to financial ruin. Furthermore, health-related insurance policies often include preventive care services, which help in early detection and management of potential health problems, ultimately reducing long-term healthcare costs. This aspect of insurance is crucial in promoting overall public health and well-being.

The regional outlook for the private health insurance market shows substantial growth across various geographies. North America is expected to dominate the market due to its advanced healthcare infrastructure and high healthcare expenditure. Europe follows closely, driven by regulatory mandates and a well-established healthcare system. The Asia Pacific region is anticipated to witness the highest growth rate, fueled by increasing healthcare awareness and rising disposable incomes. Latin America and the Middle East & Africa also present significant growth opportunities, driven by improvements in healthcare systems and economic growth. Each region's unique healthcare challenges and regulatory environment will influence market dynamics, shaping the future of private health insurance globally.

Type Analysis

The private health insurance market is segmented by type into individual health insurance, family health insurance, senior citizen health insurance, critical illness insurance, and others. Individual health insurance is a prominent segment, catering to the specific needs of individuals who s

Family Health Insurance Market Outlook

The global family health insurance market size was valued at USD 1.2 trillion in 2023 and is projected to reach USD 1.9 trillion by 2032, growing at a CAGR of 5.1% from 2024 to 2032. This anticipated growth is driven by multiple factors, including the increasing awareness of health benefits, rising healthcare costs, and governmental policies favoring health insurance. Families are becoming increasingly aware of the financial security provided by health insurance, which is driving demand and contributing to market expansion.

One of the primary growth factors for the family health insurance market is the escalating cost of medical care worldwide. Healthcare expenses have been increasing due to advancements in medical technology, higher costs of pharmaceutical drugs, and an increasing prevalence of chronic diseases. As a result, families are looking for ways to mitigate these expenses, and health insurance offers a viable solution. The rising cost of healthcare services is compelling more families to invest in comprehensive health insurance plans, thus driving market growth.

Another significant growth factor is the growing awareness and education among the population about the benefits of health insurance. With better access to information through digital platforms and educational campaigns by governments and insurance companies, families are becoming more knowledgeable about the importance of health coverage. This increased awareness is leading to higher adoption rates of family health insurance plans. Additionally, favorable tax policies and incentives are encouraging more families to purchase health insurance, contributing to the overall market growth.

Technological advancements in the insurance sector are also playing a crucial role in the growth of the family health insurance market. The use of Artificial Intelligence (AI), blockchain, and big data analytics is improving the efficiency of insurance processes, enhancing customer experience, and reducing operational costs. These technologies are enabling insurers to offer more personalized and flexible health plans, which are more attractive to families. Moreover, the integration of telemedicine services with health insurance plans is providing added value, thereby boosting the market further.

The introduction of Health Insurance Exchange platforms has significantly transformed the way families access health insurance plans. These exchanges serve as online marketplaces where individuals and families can compare and purchase health insurance plans. By providing a centralized platform, Health Insurance Exchanges simplify the process of selecting suitable insurance coverage, offering a variety of plans from different insurers. This not only enhances transparency but also fosters competition among insurers, potentially leading to more affordable premiums and better coverage options for families. As these exchanges continue to evolve, they are expected to play a crucial role in increasing the accessibility and affordability of family health insurance, thereby driving market growth.

Regionally, North America holds the largest share of the family health insurance market, attributed to the high healthcare expenditure and well-established healthcare infrastructure. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period due to increasing healthcare awareness, rising middle-class population, and governmental initiatives to improve healthcare access. Europe and Latin America are also projected to experience steady growth, driven by similar factors.

Plan Type Analysis

The family health insurance market is segmented by plan type into Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Exclusive Provider Organizations (EPOs), Point of Service (POS), and others. Each of these plan types offers different benefits and restrictions, catering to the diverse needs of families. HMOs typically have lower premiums and out-of-pocket costs but require members to choose healthcare providers within a specified network and get referrals for specialist services. This plan type is favorable for families looking for cost-effective solutions and coordinated care.

PPOs are another popular plan type that offers more flexibility in choosing healthcare providers. Unlike HMOs, PPOs allow members to see any doctor or specialist without a referral, even those outside t

The National Medical Expenditure Survey (NMES) series provides information on health expenditures by or on behalf of families and individuals, the financing of these expenditures, and each person's use of services. The Household Survey was fielded over four rounds of personal and telephone interviews at four-month intervals. Baseline data on household composition, employment, and insurance characteristics were updated each quarter, and information on all uses of and expenditures for health care services and sources of payment was obtained. Research File 31R provides information collected from two supplements administered as part of the Household Survey: the Care Receiver Supplement and the Care Giver Supplement. The Care Receiver Supplement (Part 2) was given to those Round 2 persons who answered positively to receiving help in at least one of three areas: assistance with Activities of Daily Living (ADL), assistance with Instrumental ADL (IADL), or financial assistance. This supplement asked for information on the care receiver's living situation, and amounts and types of assistance. The Care Giver Supplement (Parts 3 and 4) was administered in Rounds 2 and 5 to persons identified in the Long-Term Care Supplement (see ICPSR 9675) as being the main care-givers for other members of the dwelling unit who had difficulty with one or more ADLs or IADLs. This supplement obtained information on the impact of a caregiver's responsibilities on his or her employment, income, and physical and mental health, as well as the extent of the impaired person's psychological and social disabilities. Part 1, Person-Level Summary Data, supplies information such as age, sex, race, marital status, and education of the respondents.

Graph and download economic data for Real Personal Consumption Expenditures: Services: Household Consumption Expenditures (for Services): Health Care (DHLCRL1Q225SBEA) from Q2 1959 to Q1 2025 about health, PCE, consumption expenditures, consumption, personal, households, services, real, GDP, rate, and USA.

Mean (95% confidence bounds) household and healthcare provider costs (2020 US dollars).

According to Cognitive Market Research, the global Household Healthcare market size will be USD 251512.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue, with a market size of USD 100604.92 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 75453.69 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 57847.83 million in 2024, and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 12575.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
The Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 5030.25 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Cancer held the highest Household Healthcare market revenue share in 2024.

Market Dynamics of Household Healthcare Market

Key Drivers of Household Healthcare Market

Rising Disposable Income to Provide Viable Market Output

The rise in disposable income is creating a significant increase in global demand. With more disposable income at their disposal, individuals and families are increasingly inclined to invest in healthcare products and services to maintain and enhance their well-being. This trend encourages higher spending on health-related items such as medications, medical devices, wellness programs, and health insurance. Moreover, increased disposable income enables households to afford more expensive healthcare procedures and treatments, leading to higher demand for advanced medical technologies and specialized healthcare services. Overall, the growth in disposable income fosters greater accessibility and affordability of healthcare, driving expansion in the household healthcare market.

For instance, Apollo Homecare offers long-term plans for various diseases, such as ortho rehab, heart rehab, lung rehab, mother-and-baby care, and elderly care. It includes medical supervision and personalized healthcare services.

(Source: https://apollohomecare.com/)

Rising elderly population to Propel Market Growth.

The rise in the elderly population aims to provide growth in the Market. As people age, they often require more frequent and specialized medical attention, leading to increased demand for home healthcare products and services. This demographic shift has prompted innovations in medical technology, such as remote monitoring devices and wearable health trackers, to support aging individuals in managing their health at home. Additionally, the desire for independence and comfort among the elderly population further fuels the demand for household healthcare solutions, ranging from mobility aids to home care services, driving growth and investment in this sector.

For instance, according to the UN Department of Economic and Social Affairs, the number of people over 65 worldwide is expected to increase from 771 million in 2022 to 1.6 billion by 2050. Furthermore, it is projected that the number of individuals 80 years of age and above will triple by 2050 compared to the current figure of 143 million in 2019.

(Source: https://desapublications.un.org/file/989/download)

Restraint Factors Of Household Healthcare Market

High costs of products to Restrict Market Growth

The household healthcare market faces challenges due to the high cost of products. Affordability becomes a crucial issue for consumers, limiting their access to essential healthcare solutions within their homes. From medical devices to specialized equipment and even everyday healthcare products, the steep price tags deter many potential users from purchasing or accessing these items. The financial burden often outweighs the perceived benefits, leading to decreased adoption rates and utilization of household healthcare products. This barrier impedes the market's growth and hampers efforts to improve healthcare accessibility and convenience for individuals and families within their own homes.

Impact of COVID-19 on the Household Heal...

The Research and Development Survey (RANDS) is a platform designed for conducting survey question evaluation and statistical research. RANDS is an ongoing series of surveys from probability-sampled commercial survey panels used for methodological research at the National Center for Health Statistics (NCHS). RANDS estimates are generated using an experimental approach that differs from the survey design approaches generally used by NCHS, including possible biases from different response patterns and sampling frames as well as increased variability from lower sample sizes. Use of the RANDS platform allows NCHS to produce more timely data than would be possible using traditional data collection methods. RANDS is not designed to replace NCHS’ higher quality, core data collections. Below are experimental estimates of reduced access to healthcare for three rounds of RANDS during COVID-19. Data collection for the three rounds of RANDS during COVID-19 occurred between June 9, 2020 and July 6, 2020, August 3, 2020 and August 20, 2020, and May 17, 2021 and June 30, 2021. Information needed to interpret these estimates can be found in the Technical Notes. RANDS during COVID-19 included questions about unmet care in the last 2 months during the coronavirus pandemic. Unmet needs for health care are often the result of cost-related barriers. The National Health Interview Survey, conducted by NCHS, is the source for high-quality data to monitor cost-related health care access problems in the United States. For example, in 2018, 7.3% of persons of all ages reported delaying medical care due to cost and 4.8% reported needing medical care but not getting it due to cost in the past year. However, cost is not the only reason someone might delay or not receive needed medical care. As a result of the coronavirus pandemic, people also may not get needed medical care due to cancelled appointments, cutbacks in transportation options, fear of going to the emergency room, or an altruistic desire to not be a burden on the health care system, among other reasons. The Household Pulse Survey (https://www.cdc.gov/nchs/covid19/pulse/reduced-access-to-care.htm), an online survey conducted in response to the COVID-19 pandemic by the Census Bureau in partnership with other federal agencies including NCHS, also reports estimates of reduced access to care during the pandemic (beginning in Phase 1, which started on April 23, 2020). The Household Pulse Survey reports the percentage of adults who delayed medical care in the last 4 weeks or who needed medical care at any time in the last 4 weeks for something other than coronavirus but did not get it because of the pandemic. The experimental estimates on this page are derived from RANDS during COVID-19 and show the percentage of U.S. adults who were unable to receive medical care (including urgent care, surgery, screening tests, ongoing treatment, regular checkups, prescriptions, dental care, vision care, and hearing care) in the last 2 months. Technical Notes: https://www.cdc.gov/nchs/covid19/rands/reduced-access-to-care.htm#limitations

Abstract (en): The Household Survey is one of the three major components of the 1987 National Medical Expenditure Survey (NMES). (The other two components are the Survey of American Indians and Alaska Natives [SAIAN] and the Institutional Population Component.) Like its predecessors, the 1987 NMES provides information on health expenditures by or on behalf of families and individuals, the financing of these expenditures, and each person's use of services. The Household Survey was fielded over four rounds of personal and telephone interviews at four-month intervals. Baseline data on household composition, employment, and insurance characteristics were updated each quarter, and information on all uses of and expenditures for health care services and sources of payment was obtained. The data on Public Use Tape 14.4 provide information on hospital stays, the major reason reported by household respondents for admission and related conditions, length of stay, medical procedures performed, cost of services, and means of payment. These data were collected in the four rounds of interviews and in the NMES Medical Provider Survey, a survey designed to reduce the potential bias in medical expenditure estimates derived solely from data provided by household respondents. The data file contains one record per hospital stay for each eligible person in the Household Survey who reported at least one stay during 1987. Noninstitutionalized civilian population of the United States. The Household Survey sample used a stratified multistage area probability design. Approximately 35,000 individuals in 14,000 households completed all rounds of data collection. Oversampled population subgroups include poor and low-income families, the elderly, the functionally impaired, Blacks, and Hispanics. 2006-03-30 File CB9840.VOL1.PDF was removed from any previous datasets and flagged as a study-level file, so that it will accompany all downloads.2006-03-30 All files were removed from dataset 3 and flagged as study-level files, so that they will accompany all downloads. The records in this data file can be linked with records from all other NMES Household Survey Public Use Tape data files.

Direct non-medical costs and lost income in US$: mean ± standard deviation and median costs in parenthesis.

In 2024, Japanese households, including workers' and non-workers' households, spent on average of close to **** thousand Japanese yen per month on medical care. The annual average of monthly expenditures of households on medical care increased by *** percent in real terms.