The Health Insurance Exchange Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Health Insurance Exchange Market: Drivers and Challenges
Increase in adoption of IT services by third party administrators (TPAs) and changes in healthcare reforms such as Obama care are the major drivers for the growth of the global health insurance exchange market. In addition, the increasing demand for reduction of healthcare insurance cost and growing number of private health exchange companies are anticipated to fuel the growth of the global health insurance exchange market during the forecast period. However, low awareness about health exchange among the people and complex technologies and procedures involved in healthcare are expected to limit the growth of the global health insurance exchange market.
Health Insurance Exchange Market: Key Players
The major players operating in this market include Allscripts, Accenture PLC, CGI Group Inc., Oracle Corporation, IBM Corporation, Inovalon Holdings, Inc., Wipro Limited, Xerox Corporation Ltd., Tata Consultancy Services Limited, Microsoft Corporation, Noridian Healthcare Solutions, LLC, Hewlett-Packard Company among other significant players worldwide.
Health Insurance Exchange Market: Regional Overview
Geographically, the health insurance exchange market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounts for a significant share in the global market for health insurance exchange with a major contribution from U.S. owing to very well established healthcare system and increased adoption of IT in the country. Presence of private healthcare organization, positive initiatives by government in implementing the healthcare policies and constantly improving reimbursement scenario would further propel the health insurance exchange market growth. Europe is anticipated to be the second largest market in health insurance exchange due to implementation of healthcare policies in developed countries such as U.K. and Germany. Moreover, the presence of well-established reimbursement policies in this region and the healthcare regulatory framework are expected to enhance the health insurance exchange market growth. The major factor that is expected to drive the market in Asia Pacific include the improving healthcare infrastructure in emerging countries such as India and China with the increasing patient awareness for different healthcare policies. This market growth can be attributed to the investments done by governments to improve the present healthcare infrastructure, which will enhance the growth of the health insurance exchange in the developing countries, such as China and India. Latin American countries such as Brazil and Mexico are expected to contribute considerably in driving the health insurance exchange market growth in upcoming 5 years.
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