Global Health Insurance Market to Reach $4.45T by 2032 with Asia-Pacific Growth Leading
The global health insurance market is projected to more than double, reaching $4.45 trillion by 2032 from $2.14 trillion in 2024. This growth is driven by a projected annual increase of 9.7% between 2025 and 2032, with the Asia-Pacific region, particularly China, India, and South Korea, experiencing rapid expansion due to rising healthcare spending and increased adoption of insurance technology. Market growth is also fueled by rising treatment costs, as well as increased incidence of illnesses, surgeries, and accidents worldwide. However, access to health insurance remains limited in many emerging markets, with only about 7.9% of people in low-income countries and 27.3% in low-middle-income countries covered by health insurance, highlighting significant potential for market development.