The global market is being fueled by continued economic growth; an expanding health care market; positive demographic trends; reforms and initiatives by governments; policies inviting foreign investment; rising pollution; increasing income levels; and rising health awareness. (Photo: Shutterstock)

The global market for health and medical insurance providers not only topped $1 trillion in 2016, coming in at $1.1 trillion, but a new report predicts that it will continue to climb at a dizzying pace.

A BCC Research report estimates market growth—which came in at $1.2 trillion in 2017—to hit $1.6 trillion in 2020. That’s a compound annual growth rate of 8.6 percent for the period 2016–2020.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.