UAE Health Insurance Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

Author: Elena Anderson

Marketing Manager

Report DescriptionAbout IMARC Group

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UAE Health Insurance Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled “ UAE Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 -2028

," the UAE health insurance market reached a value of US$ 7.7 Billion in 2022.

Health insurance refers to a risk management service that provides financial aid for medical and surgical expenses incurred from an illness or injury. It is generally offered by an employer, wherein premiums are partially paid by employees, and the rest is covered by the company. Some of the expenditures funded by health insurance companies include hospitalization, medicine, doctor consultation, ambulance, and daycare costs. Moreover, they offer multiple arrangements to the insurance holder, such as managed care, indemnity, and point-of-service (POS) plans. Some of the common types of health insurance include individual, family, senior citizen, group, top-up and critical illness health insurance.

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UAE Health Insurance Market Trends:

The increasing prevalence of chronic diseases, along with the inflating costs of healthcare services, is primarily driving the UAE health insurance market growth. In line with this, the Government of UAE is enforcing laws to provide compulsory health insurance to citizens, which is acting as a major growthinducing factor.

The market is also supported by the emergence of several private players that are providing additional healthcare benefits to clients. Moreover, rapid technological advancements and digitization in healthcare processes, such as the adoption of cloud-based services and big data analytics, have enabled transparent communication between involved parties, which is catalyzing the growth of the market. Looking forward, the market is expected to grow at a CAGR of 7.32% during 2023-2028.

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Individual

• Group

Breakup by Service Provider:

• Public

• Private

Breakup by Region:

• North West England

• Yorkshire and the Humber

• West Midlands

• East of England

• South West England

• South East England

• East Midlands

• North East England

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Competitive Landscape:

• Competitive Structure

• Key Player Profiles

1. What was the size of the UAE health insurance market in 2022?

2. What is the expected growth rate of the UAE health insurance market during 2023-2028?

3. What are the key factors driving the UAE health insurance market?

4. What has been the impact of COVID-19 on the UAE health insurance market?

5. What is the breakup of the UAE health insurance market based on the type?

6. What is the breakup of the UAE health insurance market based on the service provider?

7. Who are the key players/companies in the UAE health insurance market?

A partial List of our Clients

Partial List of Clients

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A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

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