Global Domiciliary Insurance Market 2024 , Forecast To 2033
7 Mar, 2024
The domiciliary insurance market has experienced rapid growth, from $38.35 billion in 2023 to $44.72 billion in 2024, with a CAGR of 16.6%. This growth is attributed to factors like homeownership and regulatory compliance. The market is expected to continue its rapid growth, reaching $75.49 billion by 2028, driven by factors such as changing housing trends and technological advances, alongside trends like home-based care and telehealth integration.
Global Domiciliary Insurance Market Key Driver
The growing geriatric population is expected to propel the domiciliary insurance market (2). As the population ages, there is a greater need for home-based healthcare services due to limited mobility and increased health issues among the elderly. Domiciliary insurance covers these services, contributing to market growth.
Get A Free Sample Of The Global Domiciliary Insurance Market ReportGlobal Domiciliary Insurance Market Segments
The domiciliary insurance market covered in this report is segmented –
1) By Insurance Type: Diseases Insurance, Medical Insurance, Income Protection Insurance, Other Insurance Types
2) By Coverage Type: Lifetime Coverage, Term Coverage
3) By Demographics: Minors, Adults, Senior Citizen
4) By Network: Preferred Provider Organizations (PPOs), Point Of Services (POS), Health Maintenance Organization (HMOs), Exclusive Provider Organizations (EPOs)
5) By Service Provider: Private, Public
By Geography: The countries covered in the domiciliary insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
North America was the largest region in the domiciliary insurance market in 2023. Asia-Pacific was the second largest region in the domiciliary insurance market. The regions covered in the domiciliary insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Domiciliary Insurance Industry Players
Cigna Group; AIA Group Limited; Allianz SE; AXA SA; Aviva plc; Aetna Inc.; HDFC ERGO General Insurance Company Limited; Munich Re Group; ICICI Lombard General Insurance Company Limited; Religare Health Insurance Company Limited; Edelweiss General Insurance Company Limited; Anthem Insurance Companies Inc.; Blue Cross Blue Shield Association; Humana Inc.; Health Care Service Corporation; Highmark Inc.; Kaiser Foundation Health Plan Inc.; UnitedHealth Group Incorporated; WellCare Health Plans Inc.; Centene Corporation; Allianz Care; BMI Healthcare Ltd.; Broadstone Corporate Benefits Limited; HBF Health Limited; Healthcare International Global Network Ltd.; Aditya Birla Health Insurance Limited; Bajaj Allianz Health Insurance Company Limited; Bharti AXA General Insurance Company Limited; Kotak Mahindra General Insurance Company Limited; Oriental Insurance Company Ltd.; Reliance General Insurance Company Limited; SBI General Insurance Company Limited; Next Insurance Inc.; Ethos Life Insurance Services
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Domiciliary Insurance Market Overview
Domiciliary insurance is a type of health insurance in which the policyholder is considered hospitalized even when receiving treatment at home. Home-based treatments for an injury, cure, or disease are also covered by health insurance, and policyholders are compensated for them.