According to the latest report of the IMARC group, entitled “United Arab Emirates health insurance market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the UAE health insurance market reached a value of US$7.1 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$11.1 billion. US dollars by 2027, showing a CAGR of 7.5% over the period 2022-2027. Health insurance covers a person’s medical risks. In the UAE, it is compulsory for residents and citizens to have health insurance. Health insurance in the country is funded by the private and government health sectors, which work actively to provide the highest standards of health care. Insured persons are covered by the reimbursement of expenses related to medical and surgical expenses. The insurance provides several services, such as emergency transportation, psychiatric care, diagnosis and treatment of illnesses and other medical conditions.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Inflation in the cost of healthcare services is one of the main growth factors in the market. The increasing prevalence of several lifestyle-related diseases has prompted the general public to opt for health insurance. With this in mind, the recent coronavirus (COVID-19) outbreak has compelled the government to compel health insurance to provide appropriate treatment and care. Other factors such as easy reimbursement processes and affordable insurance policies are creating a positive outlook for the market.

Competitive landscape with key players:

The competitive landscape of the UAE Health Insurance Market has been studied in the report along with the detailed profiles of key players operating in the market.

Key Market Segmentation:

The report has segmented the UAE health insurance market on the basis of type and service provider.

Breakdown by type:

On the basis of type, the market has been segmented into individual and group insurance. Currently, individual health insurance represents the leading segment.

Breakdown by service provider:

The market has been analyzed on the basis of service provider which mainly includes public and private. At present, private health insurance providers show a clear dominance in the market, representing the largest segment.

Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/uae-health-insurance-market

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Main highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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