Noida, UP -- (SBWire) -- 11/29/2010 -- According to our report “Booming Health Insurance in India”, Indian health insurance market represents one of the fastest growing insurance markets in the world. Despite unfavorable economic environment worldwide, Indian insurance industry managed to sustain its double digit growth rate during 2008-09. Moreover, with growing healthcare awareness among consumers and increase in per capita healthcare expenditure, health insurance market in the country will propel in the coming years. It is expected that the health insurance premium market will grow at a CAGR of over 20% during 2010-11 - 2013-14.
Presently, the market is dominated by the public sector insurers and all the private health insurers collectively account for less than half the total health insurance premium written in the country. However, it is expected that the trend will soon get reversed during the next few years, on the back of few major factors discussed in our report. Although Indian health insurance market has seen rapid expansion during the past few years, it remains largely underpenetrated because of various shortcomings that must be addressed. We have figured out some of the critical shortcomings in our research report.
The ongoing research provides relevant statistics and in-depth analysis on the Indian health insurance market. It highlights all the emerging trends including the key factors driving the market growth and the key challenges confronted by the industry. The report also identifies the macroeconomic conditions favorable for the health insurance market in near future.
“Booming Health Insurance in India” also provides details of health care and TPA infrastructure in the country. Additionally, the report presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report provides a comprehensive and coherent analysis of the Indian health insurance market that will certainly prove decisive for clients. Due consideration has been given to the competitive landscape to enable clients understand market structure and its future prospects.
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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Indian Health Insurance to Grow at 20% CAGR
With growing healthcare awareness and per capita health spending, Indian Health Insurance market will surge at a CAGR of 20% during 2010-11 to 2013-14, RNCOS acknowledged.