Critical Illness Insurance Market Scope And Analysis

Report Code : TIPRE00011932
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Critical Illness Insurance Market Scope, Analysis, and Trends by 2031

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Critical Illness Insurance Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 240.7 Billion
Market Size by 2031	US$ 562.9 Billion
Global CAGR (2023 - 2031)	11.2%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Type Disease Insurance Medical Insurance Income Protection Insurance By Application Cancer Heart Attack Stroke
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	The List of Companies Aegon N V Allianz SE Aviva plc Axa S A China Life Insurance China Pacific Insurance Co Ltd Legal and General Group plc SBI General Insurance Company Limited

The "Critical Illness Insurance Market Analysis" was carried out based on type, mode application, and geography. In terms of type, the market is segmented into disease insurance, medical insurance, and income protection insurance. Based on application, the market is segmented into cancer, heart attack, stroke, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Critical Illness Insurance Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the market. The critical illness insurance market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. A few recent key market developments are listed below:

In October 2023, AXA Hong Kong and Macau (AXA) announced the launch of its new critical illness plan, CareForAll Critical Illness Plan (“CareForAll”), bringing peace of mind to the underserved communities facing health risks. With relaxed underwriting requirements, CareForAll aims to serve customers living with chronic disease, the silver-haired segment, and critical illness survivors, enabling them to access critical illness insurance as needed.

[Source: AXA Hong Kong, Company Website]

Critical Illness Insurance Market Report Coverage & Deliverables

The market report on “Critical Illness Insurance Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country- level for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, recent developments.
Detailed company profiles.