Australia Healthcare Insurance Market Size & Outlook

The healthcare insurance market in Australia is expected to reach a projected revenue of US$ 86,320.0 million by 2027. A compound annual growth rate of 9.2% is expected of Australia healthcare insurance market from 2021 to 2027.
Revenue, 2020 (US$M)
$46,490.0
Forecast, 2027 (US$M)
$86,320.0
CAGR, 2021 - 2027
9.2%
Report Coverage
Australia

Australia healthcare insurance market highlights

  • The Australia healthcare insurance market generated a revenue of USD 46,490.0 million in 2020 and is expected to reach USD 86,320.0 million by 2027.
  • The Australia market is expected to grow at a CAGR of 9.2% from 2021 to 2027.
  • In terms of segment, public was the largest revenue generating provider in 2020.
  • Private is the most lucrative provider segment registering the fastest growth during the forecast period.


Healthcare insurance market data book summary

Market revenue in 2020USD 46,490.0 million
Market revenue in 2027USD 86,320.0 million
Growth rate9.2% (CAGR from 2020 to 2027)
Largest segmentPublic
Fastest growing segmentPrivate
Historical data2018 - 2019
Base year2020
Forecast period2021 - 2027
Quantitative unitsRevenue in USD million
Market segmentationPublic, Private
Key market players worldwideUnitedHealth Group Inc, aetna, Elevance Health Inc, Aviva PLC, Allianz SE, Centene Corp, The Cigna Group, CVS Health Corp, Humana Inc


Other key industry trends

  • In terms of revenue, Australia accounted for 1.8% of the global healthcare insurance market in 2020.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
  • In Asia Pacific, China healthcare insurance market is projected to lead the regional market in terms of revenue in 2027.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 163,290.0 million by 2027.

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Healthcare Insurance Market Companies

Name Profile # Employees HQ Website

Australia healthcare insurance market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare insurance market will help companies and investors design strategic landscapes.


Public was the largest segment with a revenue share of 68.21% in 2020. Horizon Databook has segmented the Australia healthcare insurance market based on public, private covering the revenue growth of each sub-segment from 2018 to 2027.


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Target buyers of Australia healthcare insurance market databook

  • Our clientele includes a mix of healthcare insurance market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia healthcare insurance market , including forecasts for subscribers. This country databook contains high-level insights into Australia healthcare insurance market from 2018 to 2027, including revenue numbers, major trends, and company profiles.

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Australia healthcare insurance market size, by provider, 2018-2027 (US$M)

Australia Healthcare Insurance Market Outlook Share, 2020 & 2027 (US$M)

Australia healthcare insurance market size, by provider, 2018-2027 (US$M)

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