PUBLISHER: Persistence Market Research | PRODUCT CODE: 1508704
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1508704
U.S. Short-term Care Insurance Market: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033
Persistence Market Research has recently released a comprehensive report on the US short-term care insurance market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.
Key Insights:
- US Short-Term Care Insurance Market Size (2024E): USD 45.0 Billion
- Projected Market Value (2033F): USD 110.1 Billion
- Growth Rate (CAGR 2024 to 2033): 10.2%
US Short-Term Care Insurance Market - Report Scope:
Short-term care insurance plays a critical role in providing coverage for individuals needing temporary assistance with activities of daily living (ADLs), including recovery from illness or injury. This market segment caters primarily to aging populations, offering policies that bridge the gap between traditional health insurance and long-term care insurance.
Market Growth Drivers:
The US short-term care insurance market is driven by several key factors, including the aging population demographics, increasing awareness about the benefits of short-term care coverage, and rising healthcare costs. These policies provide financial security and flexibility for individuals requiring short-term care services without the long-term commitment of traditional insurance plans.
Market Restraints:
Despite growth prospects, challenges include regulatory complexities, consumer education regarding policy terms, and the need for tailored insurance products to meet diverse consumer needs. Regulatory compliance and market volatility also pose barriers to market entry and operational efficiency for insurers.
Market Opportunities:
Opportunities in the US short-term care insurance market include innovation in policy design, strategic partnerships with healthcare providers, and leveraging digital technologies for customer engagement and operational efficiency. Addressing consumer demand for customizable coverage options and expanding distribution channels are crucial for market expansion.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the US short-term care insurance market?
- How are demographic trends influencing the adoption of short-term care insurance policies?
- Which insurers are leading in the US short-term care insurance market, and what strategies are they employing to maintain market leadership?
- What are the emerging trends and future prospects in the US short-term care insurance market?
Competitive Intelligence and Business Strategy:
Leading players in the US short-term care insurance market focus on product innovation, customer-centric solutions, and strategic alliances to enhance market presence. Companies invest in technology to streamline operations, improve customer service, and expand their product portfolios to meet evolving consumer needs.
Key Companies Profiled:
- United HealthCare Services, Inc.
- Everest Re Group, Ltd.
- EHealth Insurance Services Inc.
- VitalOne Health
- Cox HealthPlans LLC
- Wisconsin Physicians Service
- Guarantee Trust Life Insurance Company
- Cigna
- Illinois Health Agents, Inc.
- Bankers Fidelity Life Insurance Company
- Pivot Health
Market Segmentation
By Distribution Channel:
- Direct Sales
- Brokers/Agents
- Banks
By Age Group:
- Senior Citizens
- Adults
- Minors
By Type of Plan:
- Preferred Provider Organizations (PPOs)
- Point of Service (POS)
- Health Maintenance Organizations (HMOs)
- Exclusive Provider Organizations (EPOs)
By End User:
- Groups
- Individuals
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Pricing Analysis
- 4.1. Pricing Analysis, By Short-term Care Insurance Plans
- 4.2. Average Pricing Analysis Benchmark
5. U.S. Short-term Care Insurance Market Demand (Value in US$ Bn) Analysis 2019-2023 and forecast, 2024-2033
- 5.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
- 5.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
- 5.2.1. Y-o-Y Growth Trend Analysis
- 5.2.2. Absolute $ Opportunity Analysis
6. Market Background
- 6.1. Macro-Economic Factors
- 6.2. Forecast Factors - Relevance & Impact
- 6.3. Value Chain
- 6.4. COVID-19 Crisis - Impact Assessment
- 6.4.1. Current Statistics
- 6.4.2. Short-Mid-Long Term Outlook
- 6.4.3. Likely Rebound
- 6.5. Market Dynamics
- 6.5.1. Drivers
- 6.5.2. Restraints
- 6.5.3. Opportunities
7. U.S. Short-term Care Insurance Market Analysis 2019-2023 and Forecast 2024-2033, By Distribution Channel
- 7.1. Introduction / Key Findings
- 7.2. Historical Market Size (US$ Bn) Analysis By Distribution Channel, 2019-2023
- 7.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By Distribution Channel, 2024-2033
- 7.3.1. Direct Sales
- 7.3.2. Brokers/Agents
- 7.3.3. Banks
- 7.3.4. Others
- 7.4. Market Attractiveness Analysis By Distribution Channel
8. U.S. Short-term Care Insurance Market Analysis 2019-2023 and Forecast 2024-2033, By Type of Plan
- 8.1. Introduction / Key Findings
- 8.2. Historical Market Size (US$ Bn) Analysis By Type of Plan, 2019-2023
- 8.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By Type of Plan, 2024-2033
- 8.3.1. Preferred Provider Organizations (PPOS)
- 8.3.2. Point of Service (POS)
- 8.3.3. Health Maintenance Organizations (HMOS)
- 8.3.4. Exclusive Provider Organizations (EPOS)
- 8.4. Market Attractiveness Analysis By Type of Plan
9. U.S. Short-term Care Insurance Market Analysis 2019-2023 and Forecast 2024-2033, By Age Group
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Bn) Analysis By Age Group, 2019-2023
- 9.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By Age Group, 2024-2033
- 9.3.1. Senior Citizens
- 9.3.2. Adult
- 9.3.3. Minors
- 9.4. Market Attractiveness Analysis By Age Group
10. U.S. Short-term Care Insurance Market Analysis 2019-2023 and Forecast 2024-2033, By End User Type
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Bn) Analysis By End User Type, 2019-2023
- 10.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By End User Type, 2024-2033
- 10.3.1. Group
- 10.3.2. Individuals
- 10.4. Market Attractiveness Analysis By End User Type
11. Market Structure Analysis
- 11.1. Market Analysis by Tier of Companies
- 11.2. Market Share Analysis of Top Players
- 11.3. Market Presence Analysis
12. Competition Analysis
- 12.1. Competition Dashboard
- 12.2. Competition Benchmarking
- 12.3. Competition Deep Dive
- 12.3.1. EHealth Insurance Services Inc.
- 12.3.1.1. Business Overview
- 12.3.1.2. Solution Portfolio
- 12.3.1.3. Key Clients Footprint
- 12.3.1.4. Go-to-Market Approach & Strategies
- 12.3.1.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.2. VitalOne Health
- 12.3.2.1. Business Overview
- 12.3.2.2. Solution Portfolio
- 12.3.2.3. Key Clients Footprint
- 12.3.2.4. Go-to-Market Approach & Strategies
- 12.3.2.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.3. Cox HealthPlans LLC
- 12.3.3.1. Business Overview
- 12.3.3.2. Solution Portfolio
- 12.3.3.3. Key Clients Footprint
- 12.3.3.4. Go-to-Market Approach & Strategies
- 12.3.3.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.4. Wisconsin Physicians Service
- 12.3.4.1. Business Overview
- 12.3.4.2. Solution Portfolio
- 12.3.4.3. Key Clients Footprint
- 12.3.4.4. Go-to-Market Approach & Strategies
- 12.3.4.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.5. Guarantee Trust Life Insurance Company
- 12.3.5.1. Business Overview
- 12.3.5.2. Solution Portfolio
- 12.3.5.3. Key Clients Footprint
- 12.3.5.4. Go-to-Market Approach & Strategies
- 12.3.5.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.6. Cigna.
- 12.3.6.1. Business Overview
- 12.3.6.2. Solution Portfolio
- 12.3.6.3. Key Clients Footprint
- 12.3.6.4. Go-to-Market Approach & Strategies
- 12.3.6.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.7. Illinois Health Agents, Inc.
- 12.3.7.1. Business Overview
- 12.3.7.2. Solution Portfolio
- 12.3.7.3. Key Clients Footprint
- 12.3.7.4. Go-to-Market Approach & Strategies
- 12.3.7.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.8. Bankers Fidelity Life Insurance Company
- 12.3.8.1. Business Overview
- 12.3.8.2. Solution Portfolio
- 12.3.8.3. Key Clients Footprint
- 12.3.8.4. Go-to-Market Approach & Strategies
- 12.3.8.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.9. United HealthCare Services, Inc.
- 12.3.9.1. Business Overview
- 12.3.9.2. Solution Portfolio
- 12.3.9.3. Key Clients Footprint
- 12.3.9.4. Go-to-Market Approach & Strategies
- 12.3.9.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.10. Everest Re Group, Ltd.
- 12.3.10.1. Business Overview
- 12.3.10.2. Solution Portfolio
- 12.3.10.3. Key Clients Footprint
- 12.3.10.4. Go-to-Market Approach & Strategies
- 12.3.10.5. Recent Developments (Partnerships, Mergers etc.)
- 12.3.1. EHealth Insurance Services Inc.
13. Assumptions and Acronyms Used
14. Research Methodology
