Canada Health Insurance Market Report 2021
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Providing the most comprehensive and up-to-date information and analysis of the Canada Health Insurance Consumer market including the behaviors, preferences, and habits of the consumer.
Supplementary health insurance provides coverage for hospital and medical expenses not covered by public health plans, such as prescription medicines, vision care, dental care, and mental health support. In 2019, insurers paid $28.7 billion in supplementary healthcare costs, including the costs of prescription drugs, dental procedures, and added hospital costs. Increased life expectancy leading to an aging population and an increase in health risk factors should ensure a stable growth rate for the market in the coming years.
Canadians access non-government health insurance in two broad ways: group/affinity plans provided by employers, unions, or professional associations, and individual plans purchased by individual consumers. Most health insurance is sold through group plans.
Read on to discover more about the Canada Health Insurance consumer market, read our Attitudes towards Investing – Canada – 2021 report, or take a look at our other Financial Services Market research reports.
Brands include: BlueDot, Maple, Dialogue Technologies Inc, Telus Health, Babylon, WELL Health Technologies Corp, CloudMD Software & Services Inc, Sun Life, Lumino Health Virtual Care, Akira, EQ Care, Canada Life, Manulife, Healthcare Online, Teachers Life, Green Shield Canada, Inkblot Technologies, Livelii, Medavie Blue Cross, GeneYouIn Inc, Pillcheck, Virgin Pulse, Saskatchewan Blue Cross, AXA, Microsoft, PocketPills, GenXys Health Care Systems, Inkblot Therapy, GroupNet, HumanisRX, Optimity, Manitoba Blue Cross, Pacific Blue Cross, BCAA, Allstate, Desjardins, Scotiabank.
This report, written by Sanjay Sharma, a leading analyst in the Financial Services sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
An aging population and a global pandemic are all factors that will ensure demand for health insurance products while the industry strives to use technology to drive better delivery and smarter care.
Sanjay Sharma
Senior Financial Services Analyst
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Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.