Colombia Healthcare Insurance Market Size & Outlook

The healthcare insurance market in Colombia is expected to reach a projected revenue of US$ 70,260.0 million by 2027. A compound annual growth rate of 5.8% is expected of Colombia healthcare insurance market from 2021 to 2027.

Revenue, 2020 (US$M)
$47,320.0
Forecast, 2027 (US$M)
$70,260.0
CAGR, 2021 - 2027
5.8%
Report Coverage
Colombia

Colombia healthcare insurance market highlights

  • The Colombia healthcare insurance market generated a revenue of USD 47,320.0 million in 2020 and is expected to reach USD 70,260.0 million by 2027.
  • The Colombia market is expected to grow at a CAGR of 5.8% from 2021 to 2027.
  • In terms of segment, private 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 47,320.0 million
Market revenue in 2027USD 70,260.0 million
Growth rate5.8% (CAGR from 2020 to 2027)
Largest segmentPrivate
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, Colombia accounted for 1.9% 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 Latin America, Brazil healthcare insurance market is projected to lead the regional market in terms of revenue in 2027.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 96,320.0 million by 2027.

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Healthcare Insurance Market Scope

Healthcare insurance market segmentation & scope
Public
Private
Life Insurance
Term Insurance
Health Maintenance Organization (HMO) Plans
Preferred Provider Organization (PPO) 
Exclusive Provider Organization (EPO)
Point of Service (POS)
High Deductible Health Plans (HDHP)
Bronze
Silver
Gold
Platinum
Minors
Adults
Seniors
Individuals
Corporates
Others

Healthcare Insurance Market Companies

Name Profile # Employees HQ Website

Colombia 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.


Private was the largest segment with a revenue share of 75.57% in 2020. Horizon Databook has segmented the Colombia healthcare insurance market based on public, private covering the revenue growth of each sub-segment from 2018 to 2027.


  • Colombia Healthcare Insurance Provider Outlook (Revenue, USD Million, 2018-2027)
    • Public
    • Private
  • Colombia Healthcare Insurance Coverage Type Outlook (Revenue, USD Million, 2018-2027)
    • Life Insurance
    • Term Insurance
  • Colombia Healthcare Insurance Health Insurance Plans Outlook (Revenue, USD Million, 2018-2027)
    • Health Maintenance Organization (HMO) Plans
    • Preferred Provider Organization (PPO) 
    • Exclusive Provider Organization (EPO)
    • Point of Service (POS)
    • High Deductible Health Plans (HDHP)
  • Colombia Healthcare Insurance Level of Coverage Type Outlook (Revenue, USD Million, 2018-2027)
    • Bronze
    • Silver
    • Gold
    • Platinum
  • Colombia Healthcare Insurance Demographics Outlook (Revenue, USD Million, 2018-2027)
    • Minors
    • Adults
    • Seniors
  • Colombia Healthcare Insurance End Use Outlook (Revenue, USD Million, 2018-2027)
    • Individuals
    • Corporates
    • Others

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Target buyers of Colombia 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.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia healthcare insurance market , including forecasts for subscribers. This country databook contains high-level insights into Colombia healthcare insurance market from 2018 to 2027, including revenue numbers, major trends, and company profiles.

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

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

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

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