Dublin, Feb. 28, 2025 (GLOBE NEWSWIRE) — The “GCC Health Insurance Market by Type (Individual, Group), Service Provider (Public, Private), and Region 2025-2033” report has been added to ResearchAndMarkets.com’s offering.
The GCC health insurance market size reached USD 18.4 Billion in 2024. Looking forward, the market is forecast to reach USD 29.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5.3% during 2025-2033.
Historically, governments in the GCC region accounted for most of the healthcare requirements of their nationals. However, upon recognising that the “welfare state” approach is expensive and unsustainable in the long run, Saudi Arabia, Qatar, and Dubai and Abu Dhabi in the UAE have already introduced mandatory health insurance, while Bahrain, Oman and Kuwait are in the process of introducing it.
Apart from the strong government support, the strong growth in the healthcare infrastructure and rising migration in the GCC region are also driving the GCC health insurance market. Additionally, rising healthcare costs and increasing awareness for health management has also catalyzed the demand for insurance policies in the region. In order to safeguard the consumers from exorbitant medical bills, insurance policymakers are designing programs that fit the exact need of the consumer.
Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the GCC health insurance market report, along with forecasts at the regional and country level from 2025-2033. The report has categorized the market based on type and service provider.
Breakup by Type
Breakup by Service Provider
Breakup by Region
- Saudi Arabia
- UAE
- Oman
- Kuwait
- Bahrain
- Qatar
Key Player Profiles
This report provides a deep insight into the GCC health insurance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
Key Questions Answered in This Report
- How has the GCC health insurance market performed so far and how will it perform in the coming years?
- What are the key regional markets in the GCC health insurance industry?
- What has been the impact of COVID-19 on the GCC health insurance market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the service provider?
- What are the various stages in the value chain of the GCC health insurance industry?
- What are the key driving factors and challenges in the GCC health insurance industry?
- What is the structure of the GCC health insurance industry and who are the key players?
- What is the degree of competition in the GCC health insurance industry?
- What are the profit margins in the GCC health insurance industry?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2024-2033 |
| Estimated Market Value (USD) in 2024 | $18.4 Billion |
| Forecasted Market Value (USD) by 2033 | $29.2 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Middle East |
For more information about this report visit https://www.researchandmarkets.com/r/6nq0fb
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- GCC Health Insurance Market
