The Business Research Company’s Family Floater Health Insurance Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Family Floater Health Insurance Global Market Report 2023 evaluates family floater health insurance market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global family floater health insurance market is expected to grow from $43.48 billion in 2022 to $48.45 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The family floater health insurance market is expected to reach $73.85 billion in 2027 at a CAGR of 11.1%.
The increase in the cost of healthcare is expected to propel the growth of the family floater health insurance market going forward. The cost of healthcare refers to the expenses that people, organizations, or societies experience directly or indirectly due to the supply of goods and services related to healthcare to preserve or restore a person’s or a population’s health. Family floater health insurance offers various coverages based on the specific insurance company that helps the entire family safeguard their lives in case of a family member’s death and can be utilized by the unwell member of the family for treatment. For instance, in August 2022, Willis Towers Watson PLC, a UK-based insurance service provider, conducted a 2022 Best Practices in Healthcare survey among 455 US employers, according to the survey, U.S. employers state that their healthcare costs will increase by 6.0% next year, compared with an average 5.0% increase in 2022. Therefore, the increase in the cost of healthcare is driving the growth of the family floater health insurance market.
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The family floater health insurance market segments in the report are:
1) By Coverage: In-Patient Hospitalization, Pre and Post Hospitalization Cost, Day Care Treatments, Other Coverages
2) By Plan Type: Immediate Family Plan, Extended Family Plan
3) By Distribution Channel: Insurance Companies, Banks, Agents And Brokers, Other Distribution Channels
The table of contents in TBRC’s family floater health insurance market report includes:
- Executive Summary
- Family Floater Health Insurance Market Characteristics
- Family Floater Health Insurance Market Trends And Strategies
- Family Floater Health Insurance Market – Macro Economic Scenario
5.1. Global Family Floater Health Insurance Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
- Family Floater Health Insurance Market Segmentation
- Family Floater Health Insurance Market Regional And Country Analysis
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- Brazil Family Floater Health Insurance Market
- Middle East Family Floater Health Insurance Market
- Africa Family Floater Health Insurance Market
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