1 EXECUTIVE SUMMARY
1.1 OVERVIEW 12
1.1.1 MARKET SYPNOSIS 12
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 13
2.2 RESEARCH OBJECTIVE 13
2.3 LIST OF ASSUMPTIONS 13
3 RESEARCH METHODOLOGY
3.1 OVERVIEW 15
3.1.1 DATA MINING 15
3.1.2 SECONDARY RESEARCH 15
3.1.3 PRIMARY RESEARCH 17
3.1.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 18
3.1.4 FORECASTING METHODS 19
3.1.5 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 19
3.1.5.1 BOTTOM-UP APPROACH 20
3.1.5.2 TOP-DOWN APPROACH 20
3.1.6 DATA TRIANGULATION 21
3.1.7 VALIDATION 21
4 MARKET DYNAMICS
4.1 OVERVIEW 22
4.2 DRIVERS 23
4.2.1 INCREASING CASES OF CRITICAL ILLNESS 23
4.2.2 INCREASING OUT-OF-POCKET EXPENDITURES FOR INSURED AND UNINSURED POPULATION 23
4.3 RESTRAINTS 24
4.3.1 LACK OF AWARENESS ABOUT CRITICAL ILLNESS INSURANCE 24
4.4 OPPORTUNITIES 25
5 CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
5.1 OVERVIEW 26
5.2 CANCER 27
5.3 HEART ATTACK 28
5.4 STROKE 28
5.5 OTHERS 29
6 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, BY REGION
6.1 OVERVIEW 30
6.2 AMERICAS 31
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.2.1 US 33
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.2.2 CANADA 33
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.2.3 BRAZIL 34
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.2.4 MEXICO 34
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.2.5 REST OF THE AMERICAS 35
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3 EUROPE 36
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.1 GERMANY 37
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.2 FRANCE 38
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.3 SPAIN 38
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.4 ITALY 39
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.5 UK 39
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.6 RUSSIA 40
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.3.7 REST OF EUROPE 40
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4 ASIA-PACIFIC 41
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.1 CHINA 42
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.2 JAPAN 43
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.3 SOUTH KOREA 43
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.4 SOUTHEAST ASIA 44
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.5 AUSTRALIA 44
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.6 INDIA 45
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.4.7 REST OF ASIA-PACIFIC 45
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5 MIDDLE EAST & AFRICA 46
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5.1 GCC COUNTRIES 47
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5.2 SOUTH AFRICA 48
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5.3 TURKEY 48
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5.4 EGYPT 49
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5.5 ISRAEL 49
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
6.5.6 REST OF MEA 50
CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION
7 COMPETITIVE LANDSCAPE
7.1 COMPANY MARKET SHARE ANALYSIS 2023 (%) 51
7.2 KEY DEVELOPMENTS BY KEY MARKET PLAYERS 51
7.2.1 PRODUCT LAUNCH 51
7.2.2 EXPANSION 52
7.2.3 AGREEMENT & PARTNERSHIP 52
7.2.4 PRODUCT IMPROVEMENT 53
7.2.5 ACQUISITION 53
8 COMPANY PROFILES
8.1 CHINA LIFE INSURANCE COMPANY 54
8.1.1 COMPANY OVERVIEW 54
8.1.2 FINANCIAL OVERVIEW 54
8.1.3 PRODUCTS/SERVICES OFFERED 55
8.1.4 KEY DEVELOPMENTS 55
8.2 ALLIANZ 56
8.2.1 COMPANY OVERVIEW 56
8.2.2 FINANCIAL OVERVIEW 56
8.2.3 PRODUCTS/SERVICES OFFERED 57
8.2.4 KEY DEVELOPMENTS 57
8.3 PING AN INSURANCE 58
8.3.1 COMPANY OVERVIEW 58
8.3.2 FINANCIAL OVERVIEW 58
8.3.3 PRODUCTS/SERVICES OFFERED 59
8.3.4 KEY DEVELOPMENTS 59
8.4 AVIVA 60
8.4.1 COMPANY OVERVIEW 60
8.4.2 FINANCIAL OVERVIEW 60
8.4.3 PRODUCTS/SERVICES OFFERED 61
8.4.4 KEY DEVELOPMENTS 61
8.5 PRUDENTIAL 62
8.5.1 COMPANY OVERVIEW 62
8.5.2 FINANCIAL OVERVIEW 62
8.5.3 PRODUCTS/SERVICES OFFERED 63
8.5.4 KEY DEVELOPMENTS 63
8.6 AEGON 64
8.6.1 COMPANY OVERVIEW 64
8.6.2 FINANCIAL OVERVIEW 64
8.6.3 PRODUCTS/SERVICES OFFERED 65
8.6.4 KEY DEVELOPMENTS 65
8.7 AXA 66
8.7.1 COMPANY OVERVIEW 66
8.7.2 FINANCIAL OVERVIEW 66
8.7.3 PRODUCTS/SERVICES OFFERED 67
8.7.4 KEY DEVELOPMENTS 67
8.8 SUN LIFE FINANCIAL 68
8.8.1 COMPANY OVERVIEW 68
8.8.2 FINANCIAL OVERVIEW 68
8.8.3 PRODUCTS/SERVICES OFFERED 69
8.8.4 KEY DEVELOPMENTS 69
8.9 AFLAC INCORPORATED 70
8.9.1 COMPANY OVERVIEW 70
8.9.2 FINANCIAL OVERVIEW 70
8.9.3 PRODUCTS/SERVICES OFFERED 71
8.9.4 KEY DEVELOPMENTS 71
8.10 HUAXIA LIFE INSURANCE CO. 72
8.10.1 COMPANY OVERVIEW 72
8.10.2 FINANCIAL OVERVIEW 72
8.10.3 PRODUCTS/SERVICES OFFERED 72
8.10.4 KEY DEVELOPMENTS 72
8.11 AIG 73
8.11.1 COMPANY OVERVIEW 73
8.11.2 FINANCIAL OVERVIEW 73
8.11.3 PRODUCTS/SERVICES OFFERED 74
8.11.4 KEY DEVELOPMENTS 74
8.12 METLIFE SERVICES AND SOLUTIONS, LLC 75
8.12.1 COMPANY OVERVIEW 75
8.12.2 FINANCIAL OVERVIEW 75
8.12.3 PRODUCTS/SERVICES OFFERED 76
8.12.4 KEY DEVELOPMENTS 76
8.13 ZURICH 77
8.13.1 COMPANY OVERVIEW 77
8.13.2 FINANCIAL OVERVIEW 77
8.13.3 PRODUCTS OFFERED 78
8.13.4 KEY DEVELOPMENTS 78
8.14 STAR UNION DAI-ICHI LIFE INSURANCE (SUD LIFE) 79
8.14.1 COMPANY OVERVIEW 79
8.14.2 FINANCIAL OVERVIEW 79
8.14.3 PRODUCTS OFFERED 79
8.14.4 KEY DEVELOPMENTS 79
8.15 UNITED HEALTHCARE SERVICES, INC. 80
8.15.1 COMPANY OVERVIEW 80
8.15.2 FINANCIAL OVERVIEW 80
8.15.3 PRODUCTS OFFERED 81
8.15.4 KEY DEVELOPMENTS 81
8.16 LIBERTY MUTUAL 82
8.16.1 COMPANY OVERVIEW 82
8.16.2 FINANCIAL OVERVIEW 82
8.16.3 PRODUCTS OFFERED 82
8.16.4 KEY DEVELOPMENTS 82
9 APPENDIX
9.1 REFERENCES 83
10 LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS 13
TABLE 2 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 27
TABLE 3 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, FOR CANCER, BY REGION, 2024-2032 (USD Billion) 27
TABLE 4 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, FOR HEART ATTACK, BY REGION, 2024-2032 (USD Billion) 28
TABLE 5 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, FOR STROKE, BY REGION, 2024-2032 (USD Billion) 29
TABLE 6 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, FOR OTHERS, BY REGION, 2024-2032 (USD Billion) 29
TABLE 7 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, BY REGION, 2024-2032 (USD Billion) 30
TABLE 8 AMERICAS: CRITICAL ILLNESS INSURANCE MARKET, BY COUNTRY, 2024-2032 (USD Billion) 32
TABLE 9 AMERICAS: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 32
TABLE 10 US: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 33
TABLE 11 CANADA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 33
TABLE 12 BRAZIL: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 34
TABLE 13 MEXICO: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 34
TABLE 14 REST OF THE AMERICAS: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 35
TABLE 15 EUROPE: CRITICAL ILLNESS INSURANCE MARKET, BY COUNTRY, 2024-2032 (USD Billion) 36
TABLE 16 EUROPE: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion 37
TABLE 17 GERMANY: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 37
TABLE 18 FRANCE: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 38
TABLE 19 SPAIN: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 38
TABLE 20 ITALY: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 39
TABLE 21 UK: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 39
TABLE 22 RUSSIA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 40
TABLE 23 REST OF EUROPE: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 40
TABLE 24 ASIA-PACIFIC: CRITICAL ILLNESS INSURANCE MARKET, BY COUNTRY, 2024-2032 (USD Billion) 41
TABLE 25 ASIA-PACIFIC: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 42
TABLE 26 CHINA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 42
TABLE 27 JAPAN: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 43
TABLE 28 SOUTH KOREA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 43
TABLE 29 SOUTHEAST ASIA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 44
TABLE 30 AUSTRALIA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 44
TABLE 31 INDIA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 45
TABLE 32 REST OF ASIA-PACIFIC: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 45
TABLE 33 MIDDLE EAST & AFRICA: CRITICAL ILLNESS INSURANCE MARKET, BY COUNTRY, 2024-2032 (USD Billion) 46
TABLE 34 MIDDLE EAST & AFRICA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 47
TABLE 35 GCC COUNTRIES: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 47
TABLE 36 SOUTH AFRICA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 48
TABLE 37 TURKEY: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 48
TABLE 38 EGYPT: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 49
TABLE 39 ISRAEL: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 49
TABLE 40 REST OF MEA: CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2024-2032 (USD Billion) 50
TABLE 41 PRODUCT LAUNCH 51
TABLE 42 EXPANSION 52
TABLE 43 AGREEMENT & PARTNERSHIP 52
TABLE 44 PRODUCT IMPROVEMENT 53
TABLE 45 ACQUISITION 53
TABLE 46 CHINA LIFE INSURANCE COMPANY: PRODUCTS/SERVICES OFFERED 55
TABLE 47 CHINA LIFE INSURANCE COMPANY: KEY DEVELOPMENTS 55
TABLE 48 ALLIANZ: PRODUCTS/SERVICES OFFERED 57
TABLE 49 ALLIANZ: KEY DEVELOPMENTS 57
TABLE 50 PING AN INSURANCE: PRODUCTS/SERVICES OFFERED 59
TABLE 51 AVIVA: PRODUCTS/SERVICES OFFERED 61
TABLE 52 AVIVA: KEY DEVELOPMENTS 61
TABLE 53 PRUDENTIAL: PRODUCTS/SERVICES OFFERED 63
TABLE 54 PRUDENTIAL: KEY DEVELOPMENTS 63
TABLE 55 AEGON: PRODUCTS/SERVICES OFFERED 65
TABLE 56 AEGON: KEY DEVELOPMENTS 65
TABLE 57 AXA: PRODUCTS/SERVICES OFFERED 67
TABLE 58 SUN LIFE FINANCIAL: PRODUCTS/SERVICES OFFERED 69
TABLE 59 SUN LIFE FINANCIAL: KEY DEVELOPMENTS 69
TABLE 60 AFLAC INCORPORATED: PRODUCTS/SERVICES OFFERED 71
TABLE 61 AFLAC INCORPORATED: KEY DEVELOPMENTS 71
TABLE 62 HUAXIA LIFE INSURANCE CO.: PRODUCTS/SERVICES OFFERED 72
TABLE 63 AIG: PRODUCTS/SERVICES OFFERED 74
TABLE 64 METLIFE SERVICES AND SOLUTIONS, LLC: PRODUCTS/SERVICES OFFERED 76
TABLE 65 ZURICH: PRODUCTS OFFERED 78
TABLE 66 STAR UNION DAI-ICHI LIFE INSURANCE: PRODUCTS OFFERED 79
TABLE 67 STAR UNION DAI-ICHI LIFE INSURANCE: KEY DEVELOPMENTS 79
TABLE 68 UNITED HEALTHCARE SERVICES, INC.: PRODUCTS OFFERED 81
TABLE 69 LIBERTY MUTUAL: PRODUCTS OFFERED 82
11 LIST OF FIGURES
FIGURE 1 GLOBAL CRITICAL ILLNESS INSURANCE MARKET: MARKET STRUCTURE 14
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 20
FIGURE 3 MARKET DYNAMICS: ANALYSIS OF THE GLOBAL CRITICAL ILLNESS INSURANCE MARKET 22
FIGURE 4 DRIVERS IMPACT ANALYSIS 24
FIGURE 5 RESTRAINTS IMPACT ANALYSIS 25
FIGURE 6 GLOBAL CRITICAL ILLNESS INSURANCE MARKET SHARE, BY APPLICATION, 2023 (%) 26
FIGURE 7 GLOBAL CRITICAL ILLNESS INSURANCE MARKET, BY APPLICATION, 2022 & 2030 (USD Billion) 26
FIGURE 8 GLOBAL CRITICAL ILLNESS INSURANCE MARKET SHARE, BY REGION, 2023 (%) 30
FIGURE 9 AMERICAS: CRITICAL ILLNESS INSURANCE MARKET SHARE, BY COUNTRY, 2023 (%) 31
FIGURE 10 EUROPE: CRITICAL ILLNESS INSURANCE MARKET SHARE, BY COUNTRY, 2023 (%) 36
FIGURE 11 ASIA-PACIFIC: CRITICAL ILLNESS INSURANCE MARKET SHARE, BY COUNTRY, 2023 (%) 41
FIGURE 12 MIDDLE EAST & AFRICA: CRITICAL ILLNESS INSURANCE MARKET SHARE, BY COUNTRY, 2023 (%) 46
FIGURE 13 CHINA LIFE INSURANCE COMPANY: FINANCIAL OVERVIEW SNAPSHOT 54
FIGURE 14 ALLIANZ: FINANCIAL OVERVIEW SNAPSHOT 56
FIGURE 15 PING AN INSURANCE: FINANCIAL OVERVIEW SNAPSHOT 58
FIGURE 16 AVIVA: FINANCIAL OVERVIEW SNAPSHOT 60
FIGURE 17 PRUDENTIAL: FINANCIAL OVERVIEW SNAPSHOT 62
FIGURE 18 AEGON: FINANCIAL OVERVIEW SNAPSHOT 64
FIGURE 19 AXA: FINANCIAL OVERVIEW SNAPSHOT 66
FIGURE 20 SUN LIFE FINANCIAL: FINANCIAL OVERVIEW 68
FIGURE 21 AFLAC INCORPORATED: FINANCIAL OVERVIEW SNAPSHOT 70
FIGURE 22 AIG: FINANCIAL OVERVIEW SNAPSHOT 73
FIGURE 23 METLIFE SERVICES AND SOLUTIONS, LLC: FINANCIAL OVERVIEW SNAPSHOT 75
FIGURE 24 ZURICH: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 25 UNITED HEALTHCARE SERVICES, INC.: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 26 LIBERTY MUTUAL: FINANCIAL OVERVIEW SNAPSHOT 82