The health insurance marketplace is a platform that provides insurance plans to individuals, families or small businesses. It also includes the revenue generated by the IT vendors mainly regarding planning, designing, and implementing exchanges, system integrations, and other. The market size, regarding value, is expected to reach $3654 Million by 2025 from $2500 Million in 2017, at a CAGR of 10.5%. Factors such as rising demand for reduction in healthcare costs to propel market growth and strict regulatory requirements are expected to drive the market. High costs to hinder market and building consumer awareness about exchanges is hampering the market growth. Private exchanges providing great market potential and demand for private cloud-based architecture and services will accelerate HIX growth is one of the opportunities for health insurance exchange market.
Research Study Objectives:
- Define, estimate, and forecast the Health Insurance Exchange market statistics by type, phase, component, end user, application areas, and regions concerning the individual growth drivers, market trends and their contribution toward the Health Insurance Exchange market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific, South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Health Insurance Exchange Market Analysis
- Analysis and conclusions on the future Health Insurance Exchange market outlook.
Top-down and bottom-up approaches are used to validate the Health Insurance Exchange Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg
Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Health Insurance Exchange Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Health Insurance Exchange market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Health Insurance Exchange market segmentation is as follows:
By Type
- Public exchanges
- Private exchanges
By Phase
- Pre-implementation services
- Implementation/exchange infrastructure delivery
- Program management and independent verification and validation
- Operations & maintenance
By Component
By End User
- Government agencies
- Third party administrators, brokerage firms & consultancies
- Health plans/payers
Geographical Analysis:
Health Insurance Exchange market is segmented by geography into North America, South America, Europe, ASIA PACIFIC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. ASIA PACIFIC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia,
Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Health Insurance Exchange Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Health Insurance Exchange Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Health Insurance Exchange market players, such as
- Accenture PLC.
- CGI Group, Inc.
- Infosys Limited.
- Oracle Corporation.
- Xerox Corporation.
- Along with these companies, many other companies are considered in the report while analysing the Global Health Insurance Exchange competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
