The Domiciliary Insurance Global Market Report 2023 by The Business Research Company, provides domiciliary insurance market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Domiciliary Insurance Global Market Report 2023, the market size is expected to grow from$32.42 billion in 2022 to $38.35 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 market size of the global domiciliary insurance is expected to grow from $66.69 billion in 2027 at a CAGR of 14.8%
The growing geriatric population is expected to drive the domiciliary insurance market. The population of the world is growing older, with the age group of 65 and above being the fastest growing
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The domiciliary insurance market 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
The companies in the domiciliary insurance market are focusing on the launch of the home treatment programs for overseas patients. The home treatment program provides healthcare services to patients at their home. It takes place when a therapist provides counseling in a person’s home. For example, in September 2022, Allianz Care Australia, an Australia based a medical assistance and insurance company, launched a home treatment program for overseas student health insurance members who require cancer treatment in Australia. The program enables members to receive cancer treatment at home instead of a hospital, improving the lives of overseas students and providing another option for persons requiring cancer treatment. As part of the program, Allianz Care members will receive repeat cycle treatment, including chemotherapy, immunotherapy, chronic illness infusions, and other supportive therapies commonly prescribed for cancer treatment.
Top 5 Major Key Players Are:
Cigna Corporation
AIA Insurance Group
Allianz SE
AXA
Aviva PLC
Aetna, Inc
Table Of Contents
1. Executive Summary
2. Domiciliary Insurance Market Characteristics
3. Domiciliary Insurance Market Trends And Strategies
4. Domiciliary Insurance Market – Macro Economic Scenario
5. Domiciliary Insurance Market Size And Growth
……
26. Africa Domiciliary Insurance Market
27. Domiciliary Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Domiciliary Insurance Market
29. Domiciliary Insurance Market Future Outlook and Potential Analysis
30. Appendix
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