Healthcare Discount Plan Market 13.9% CAGR Anticipate to $77.93 Billion by 2032

Healthcare Discount Plan Market Size Worth $77.93 Billion By 2032 | CAGR: 13.9%


The global healthcare discount plan market size is expected to reach USD 77.93 billion by 2032, according to a new study by Polaris Market Research. The report “Healthcare Discount Plan Market Share, Size, Trends, Industry Analysis Report, By Service (Dental Care, Hearing Aids, Vision Care, Chiropractic Care, Nurse Services, Virtual Visits, Health Advocate, Prescription Drug, Alternative Medicines, and Others); By Application; By Region; Segment Forecast, 2023- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The healthcare discount plan market refers to a sector within healthcare that offers individuals an alternative method of reducing medical expenses in addition to conventional health insurance. These initiatives, commonly known as healthcare savings plans, grant individuals and families entry to a system of healthcare providers, encompassing doctors, hospitals, dentists, and pharmacies, who have consented to provide their services at reduced rates for plan members. Those enrolled in a healthcare discount plan typically pay a periodic membership fee, gaining access to these discounted rates. The extent of the discounts can fluctuate considerably based on the specific plan and its partnered network of providers.

The surge in healthcare expenses worldwide has led many individuals and families to grapple with the costs of vital medical services, prescribed medications, and dental care. In light of this, healthcare discount plans have emerged as a promising alternative to alleviate these financial burdens. These plans extend coverage to a range of services, from routine check-ups to more intricate procedures. With their comprehensive scope, members can avail discounts on various aspects of their healthcare needs, encompassing diagnostic tests, surgical interventions, and even mental health services.

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The increasing recognition of the significance of preventive healthcare is a driving force behind the uptake of healthcare discount plans. With a heightened focus on well-being, individuals are actively pursuing avenues to sustain their health. These plans frequently incorporate advantages such as preventive check-ups, screenings, and wellness programs, motivating individuals to adopt a proactive stance toward their health.

Additionally, the inclusion of prescription drug coverage in these plans can lead to substantial savings. Procuring medications can be financially taxing, particularly for those managing chronic conditions. Healthcare discount programs frequently offer reduced prices on prescription drugs, enabling members to afford their medications and adhere to their treatment plans.

Healthcare Discount Plan Market Report Highlights

  • The dental care segment is anticipated to witness the fastest CAGR during the forecast period on account of increasing awareness and cost considerations.
  • In 2022, the hospitals segment held the largest market share, which is mainly driven by increasing tie-ups between hospitals and insurance providers.
  • In 2022, the North American region held the largest market share, owing to exponential growth in technology and rising healthcare costs.
  • The global key market players include AmeriPlan, Blue Cross Blue Shield Association, Careington International Corporation, Cigna Corporation, UnitedHealth Group Inc., etc.

Polaris Market Research has segmented the healthcare discount plan market report based on service, application, and region:

Healthcare Discount Plan, Service Outlook (Revenue - USD Billion, 2019 - 2032)

  • Dental Care
  • Hearing Aids
  • Vision Care
  • Chiropractic Care
  • Nurse Services
  • Virtual Visits
  • Health Advocate
  • Prescription Drug
  • Alternative Medicines
  • Others

Healthcare Discount Plan, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Clinics
  • Hospitals

Healthcare Discount Plan, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Healthcare Discount Plan Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 24.23 billion

Revenue forecast in 2032

USD 77.93 billion

CAGR

13.9% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Service, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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