UAE Health Insurance Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
MarkNtel Advisors
recently published a detailed industry analysis of the UAE Health Insurance Market. The report covers growth trends, geographical
marketing strategies, challenges, opportunities, and drivers influencing the
market.
UAE Health Insurance Market Size, Share,
and Trends Analysis Report – Industry Overview and Forecast to 2030
The UAE Health Insurance Market size was valued
at around USD 8.7 billion in 2024 and is projected to
reach USD 12.7 billion by 2030. Along with this, the market is
estimated to grow at a CAGR of around 6.5% during the forecast period, i.e.,
2025-30.
What are
the major Driver the UAE Health Insurance industry?
Increasing Prevalence of Lifestyle-Related
Diseases – The steady
increase in the prevalence of lifestyle diseases such as; diabetes,
hypertension, and other cardiovascular diseases, is one of the key factors
supporting the UAE Health Insurance Market. The UAE has a high prevalence of
diabetes, with more than 1 million people living with it. Additionally,
unhealthy eating habits, stress, physical inactivity, and poor lifestyle
choices constitute the major causes of hypertension, which affects roughly 30%
of adults. The continuous and costly medical care that many chronic conditions
require has pressed residents to look for comprehensive health insurance
covering such procedures as expensive therapies, drugs, and routine checkups.
Chronic diseases account for approximately 60% of healthcare, insurers offer
custom-designed policies to provide unique needs that propel further market
development considering the burden in the United Arab Emirates.
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What segments define the UAE Health
Insurance market from 2025 to 2030? How do these segments contribute to market
dynamics and growth?
·
By Service Providers
o Public- Market Size & Forecast 2020-2030, USD
Million
o Private- Market Size & Forecast 2020-2030, USD
Million
According to report, With roughly 65%
market share, the private sector leading the UAE Health Insurance Market.
·
By Product Type
o Individual- Market Size & Forecast 2020-2030,
USD Million
o Group - Market Size & Forecast 2020-2030, USD
Million
According to report, About 70% market share
is held by the group segment that dominates the UAE Health Insurance Market.
·
By Distribution Channel
o Agent - Market Size & Forecast 2020-2030, USD
Million
o Banks - Market Size & Forecast 2020-2030, USD
Million
o Online - Market Size & Forecast 2020-2030, USD
Million
o Others - Market Size & Forecast 2020-2030, USD
Million
Explore the Complete UAE Health Insurance
Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-health-insurance-market.html
Geographical Analysis: UAE Health Insurance
Market
·
Dubai
·
Abu Dhabi
·
Sharjah
·
Northern Emirates
UAE Health Insurance Market Share &
Competitive Landscape:
The UAE Health
Insurance Market is characterized by intense competition, with several key
players driving growth through innovation, market expansion, and strategic
investments. The competitive landscape provides valuable insights into the
industry's leading companies, highlighting their strengths, financial
performance, and market influence.
Leading Companies in the UAE Health
Insurance Market are:
- AXA
Gulf Insurance
- DAMAN
Health Insurance
- Emirates
Insurance Company
- Abu
Dhabi National Insurance Company
- Ras Al
Khaimah National Insurance Company
- Dubai
Islamic Insurance and Reinsurance Co.
- Oman
Insurance Company
- Alliance
Insurance
- Orient
Insurance
- Islamic
Arab Insurance Company
- Al Ain
Al Ahilia Insurance Company
- Al
Buhaira National Insurance Company
UAE Health Insurance Industry
Recent Development:
- December 2024: The UAE's Ministry of Human
Resources and Emiratisation (MoHRE) launched an affordable health insurance package for private
sector employees and domestic workers, ensuring comprehensive coverage
across the UAE, starting January 1, 2025.
- April 2024: AXA and Daman partnered to launch a new Global Healthcare Plan, offering enhanced
health benefits and international services to UAE residents, expanding
global reach, and improving healthcare access.
Questions Addressed in this Study
1. What factors
are driving the UAE Health Insurance Market growth?
2. How is the UAE
Health Insurance Market expected to grow over the next five years?
3. What are the
key insights into the current trends in the UAE Health Insurance Market?
4. What is the
current size of the UAE Health Insurance Market, and how is it projected to
change in the future?
6.What is the
future outlook for the UAE Health Insurance Market in terms of technological
advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors
is a leading research, consulting, & data analytics firm that provides an
extensive range of strategic reports on diverse industry verticals. We deliver
data to a substantial & varied client base, including multinational
corporations, financial institutions, governments, & individuals, among
others.
Our specialization
in niche industries & emerging geographies allows our clients to formulate
their strategies in a much more informed way and entail parameters like
Go-to-Market (GTM), product development, feasibility analysis, project scoping,
market segmentation, competitive benchmarking, market sizing & forecasting,
& trend analysis, among others, for 15 diverse industrial verticals.
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5.7%.
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