Individual Health Insurance Market Expands at 5.2 Percent CAGR from 2025 to 2034

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Individual Health Insurance Market – (By Type (Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), High Deductible Health Plan (HDHP), Others), By Application (Individual Coverage, Family Coverage, Senior Coverage, Student Health Insurance, Others), By Policy (Basic Health Policies, Comprehensive Health Policies, Short-term Health Policies, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."
According to the latest research by InsightAce Analytic, the Global Individual Health Insurance Market is valued at USD 133.33 Bn in 2024 , and it is expected to reach USD 219.22 Bn by the year 2034, with a CAGR of 5.2% during the forecast period of 2025-2034.
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Individual health insurance refers to a personal insurance policy acquired directly by consumers, rather than through employer-sponsored group plans, to cover a range of medical expenses. These policies typically encompass services such as preventive care, prescription drugs, hospitalization, and physician consultations. A key driver of rising demand for individual health insurance is the increasing prevalence of self-employment. As the freelance and gig economies continue to expand, a growing segment of the workforce lacks access to employer-provided coverage, prompting individuals to seek out personal health insurance solutions to secure adequate healthcare services.

Furthermore, heightened awareness of the financial risks associated with unexpected medical events has contributed to this market’s growth. The COVID-19 pandemic, in particular, underscored the necessity of reliable health coverage, reinforcing the importance of financial protection in the face of medical emergencies.