According to a market report by Lucintel, the future of the global insurance protection products market looks promising with opportunities in the hospitals and ambulatory surgical centers markets. The global insurance protection products market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are ncrease in the COVID-19 pandemic, diabetes, dengue fever, cancer, and other disorders and surge in awareness of health insurance in rural areas.
In this market, life insurance, critical issues insurance, income protection insurance, term insurance, and long term care insurance are the major segments of insurance protection products market by product type.
Lucintel forecasts that life insurance will remain the largest segment over the forecast period due to addressing funeral costs, settling financial obligations, and securing long-term financial stability.
Within this market, hospitals will remain the largest segment due to wider range of services.
North America will remain the largest region over the forecast period due to high prevalence of chronic diseases in north america.
Allianz, Aviva, Prudential, Axa A.S, Covea Insurance, Metlife, China Life Insurance Company, United Health, Aegon Life Insurance Company, and Sun Life Financial are the major suppliers in the insurance protection products market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]