With increasing consumer awareness and rapidly booming healthcare infrastructure, the health insurance gross premium is expected to surge at a CAGR of around 26% during FY 2011-2014.
(prHWY.com) July 27, 2011 - Noida, India -- As per our research, "Booming Health Insurance in India", Indian health insurance market has been witnessing tremendous growth since the past few years on the back of increasing consumer awareness and rapidly booming healthcare infrastructure. It is one of the rapidly growing segments among the non-life insurance segment in the country. Moreover, with increasing contribution of players and initiatives by the government, the health insurance gross premium is expected to surge at a CAGR of 26% during FY 2011-2014.
Ongoing research revealed that India's growing population and increasing preference for private healthcare services over public healthcare services is augmenting the growth of the healthcare delivery market. The gap in infrastructure, in terms of healthcare facilities and personnel, presents opportunities for attracting foreign investment. Among countries outside the US, India has one of the largest numbers of Joint Commission International (JCI) approved hospitals.
Further, the healthcare sector in India is booming as a result of increased public-private-partnerships in various ventures. Apart from this, the government is also making effort to develop healthcare infrastructure in the country.
The ongoing report also provides details about consumer behavior and rural market potential in the country. Our research also revealed that these sectors are attracting concern of both private players and the government. A state-wise upcoming infrastructural development at the regional front is covered in our report. Besides, major industry trends set to prevail in coming years are also discussed in the report along with the future potential of the market.
"Booming Health Insurance in India", also covers various issues related to the industry and found that players are adopting different strategies to come up with these challenges. The respective regulatory bodies for healthcare have taken some major steps to improve the management, which are also discussed in the report. Special emphasis has been given to the competitive landscape to enable clients understand market structure and growth potential in the coming years.
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