Market Overview:
The GCC health insurance market reached a value of US$ 11.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Health insurance is a service which covers medical and surgical expenses of the insured individual. It reimburses the expenses incurred due to illness and injury or pays the care provider directly.Health insuranceoffers considerable flexibility in terms of disease coverage, diagnosis and treatment for chronic ailments, emergency transportation, in-patient and day care management, maternity, dental care, psychiatric care, etc. They are available in multiple arrangements for the consumers such as private health insurance, public or government health insurance, managed care plans, indemnity, Point-of-Service (POS) plans, etc. The consumer can opt for the most suitable insurance plan depending upon their needs and requirements.
从历史上看,政府accoun GCC地区ted for most of the healthcare requirements of their nationals. However, upon recognising that the “welfare state” approach is expensive and unsustainable in the long run, Saudi Arabia, Qatar, and Dubai and Abu Dhabi in the UAE have already introduced mandatory health insurance, while Bahrain, Oman and Kuwait are in the process of introducing it. Apart from the strong government support, the strong growth in the healthcare infrastructure and rising migration in the GCC region are also driving the GCC health insurance market. Additionally, rising healthcare costs and increasing awareness for health management has also catalyzed the demand for insurance policies in the region. In order to safeguard the consumers from exorbitant medical bills, insurance policymakers are designing programs that fit the exact need of the consumer.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC health insurance market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type and service provider.
- Breakup by Service Provider:
- Breakup by Region:
- Saudi Arabia
- UAE
- Oman
- Kuwait
- Bahrain
- Qatar
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
IMARC Group’s latest report provides a deep insight into the GCC health insurance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC health insurance market in any manner.
Report Coverage:
| Report Features |
Details |
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Service Provider, Country |
| Countries Covered |
Saudi Arabia, UAE, Oman, Kuwait, Bahrain, Qatar |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the GCC health insurance market performed so far and how will it perform in the coming years?
- What are the key regional markets in the GCC health insurance industry?
- What has been the impact of COVID-19 on the GCC health insurance market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the service provider?
- What are the various stages in the value chain of the GCC health insurance industry?
- What are the key driving factors and challenges in the GCC health insurance industry?
- What is the structure of the GCC health insurance industry and who are the key players?
- What is the degree of competition in the GCC health insurance industry?
- What are the profit margins in the GCC health insurance industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC Health Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Service Provider
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 PESTEL Analysis
5.11.1 Political
5.11.2 Economic
5.11.3 Social
5.11.4 Legal
5.11.5 Environmental
5.11.6 Technological
5.12 Price Analysis
6 Market Breakup by Type
6.1 Individual
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Group
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Provider
7.1 Public
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Private
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 Saudi Arabia
8.1.1 Current Trends
8.1.2 Market Forecast
8.2 UAE
8.2.1 Current Trends
8.2.2 Market Forecast
8.3 Oman
8.3.1 Current Trends
8.3.2 Market Forecast
8.4 Kuwait
8.4.1 Current Trends
8.4.2 Market Forecast
8.5 Bahrain
8.5.1 Current Trends
8.5.2 Market Forecast
8.6 Qatar
8.6.1 Current Trends
8.6.2 Market Forecast
9 Government Regulations
10 Strategic Recommendations
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
List of Figures
无花果ure 1: GCC: Health Insurance Market: Major Drivers and Challenges
无花果ure 2: GCC: Health Insurance Market: Sales Value (in Billion US$), 2015-2020
无花果ure 3: GCC: Health Insurance Market: Breakup by Type (in %), 2020
无花果ure 4: GCC: Health Insurance Market: Breakup by Service Provider (in %), 2020
无花果ure 5: GCC: Health Insurance Market: Breakup by Region (in %), 2020
无花果ure 6: GCC: Health Insurance Market Forecast: Sales Value (in Billion US$), 2021-2026
无花果ure 7: GCC: Health Insurance Industry: SWOT Analysis
无花果ure 8: GCC: Health Insurance Industry: Value Chain Analysis
无花果ure 9: GCC: Health Insurance Industry: Porter’s Five Forces Analysis
无花果ure 10: GCC: Health Insurance Industry: PESTEL Analysis
无花果ure 11: GCC: Health Insurance (Individual) Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 12: GCC: Health Insurance (Individual) Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 13: GCC: Health Insurance (Group) Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 14: GCC: Health Insurance (Group) Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 15: GCC: Health Insurance (Public) Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 16: GCC: Health Insurance (Public) Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 17: GCC: Health Insurance (Private) Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 18: GCC: Health Insurance (Private) Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 19: Saudi Arabia: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 20: Saudi Arabia: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 21: UAE: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 22: UAE: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 23: Oman: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 24: Oman: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 25: Kuwait: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 26: Kuwait: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 27: Bahrain: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 28: Bahrain: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
无花果ure 29: Qatar: Health Insurance Market: Sales Value (in Million US$), 2015 & 2020
无花果ure 30: Qatar: Health Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: GCC: Health Insurance Market: Key Industry Highlights, 2020 and 2026
Table 2: GCC: Health Insurance Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: GCC: Health Insurance Market Forecast: Breakup by Service Provider (in Million US$), 2021-2026
Table 4: GCC: Health Insurance Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: GCC: Health Insurance Market Structure
Table 6: GCC: Health Insurance Market: Key Players