Illness Insurance Market 2022: Key Strategies, Historical Analysis, Trends, New Opportunities and Forecast Till 2028
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Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
This report elaborates the market size, market characteristics, and market growth of the Illness Insurance industry, and breaks down according to the type, application, and consumption area of Illness Insurance. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Illness Insurance in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Illness Insurance market covered in Chapter 13:
Colonial Life Insurance Company
Assurant Health Insurance Company
Guardian Life Insurance Company of America
American Fidelity Assurance
AIG
Mutual of Omaha
Assurity Life Insurance Company
Aflac
Principal Financial Group
Combined Insurance Company
In Chapter 6, on the basis of types, the Illness Insurance market from 2015 to 2025 is primarily split into:
Disease Insurance
Medical Insurance
Income Protection Insurance
In Chapter 7, on the basis of applications, the Illness Insurance market from 2015 to 2025 covers:
Heart attack
Cancer
Stroke
Organ transplant
Heart transplant
Kidney failure
Coronary bypass surgery
Paralysis
Others
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Illness Insurance Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Illness Insurance Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Illness Insurance Market Forces
3.1 Global Illness Insurance Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Illness Insurance Market - By Geography
4.1 Global Illness Insurance Market Value and Market Share by Regions
4.1.1 Global Illness Insurance Value ($) by Region (2015-2020)
4.1.2 Global Illness Insurance Value Market Share by Regions (2015-2020)
4.2 Global Illness Insurance Market Production and Market Share by Major Countries
4.2.1 Global Illness Insurance Production by Major Countries (2015-2020)
4.2.2 Global Illness Insurance Production Market Share by Major Countries (2015-2020)
4.3 Global Illness Insurance Market Consumption and Market Share by Regions
4.3.1 Global Illness Insurance Consumption by Regions (2015-2020)
4.3.2 Global Illness Insurance Consumption Market Share by Regions (2015-2020)
5 Illness Insurance Market - By Trade Statistics
5.1 Global Illness Insurance Export and Import
5.2 United States Illness Insurance Export and Import (2015-2020)
5.3 Europe Illness Insurance Export and Import (2015-2020)
5.4 China Illness Insurance Export and Import (2015-2020)
5.5 Japan Illness Insurance Export and Import (2015-2020)
5.6 India Illness Insurance Export and Import (2015-2020)
5.7
6 Illness Insurance Market - By Type
6.1 Global Illness Insurance Production and Market Share by Types (2015-2020)
6.1.1 Global Illness Insurance Production by Types (2015-2020)
6.1.2 Global Illness Insurance Production Market Share by Types (2015-2020)
6.2 Global Illness Insurance Value and Market Share by Types (2015-2020)
6.2.1 Global Illness Insurance Value by Types (2015-2020)
6.2.2 Global Illness Insurance Value Market Share by Types (2015-2020)
6.3 Global Illness Insurance Production, Price and Growth Rate of Disease Insurance (2015-2020)
6.4 Global Illness Insurance Production, Price and Growth Rate of Medical Insurance (2015-2020)
6.5 Global Illness Insurance Production, Price and Growth Rate of Income Protection Insurance (2015-2020)
7 Illness Insurance Market - By Application
7.1 Global Illness Insurance Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Illness Insurance Consumption by Applications (2015-2020)
7.1.2 Global Illness Insurance Consumption Market Share by Applications (2015-2020)
7.2 Global Illness Insurance Consumption and Growth Rate of Heart attack (2015-2020)
7.3 Global Illness Insurance Consumption and Growth Rate of Cancer (2015-2020)
7.4 Global Illness Insurance Consumption and Growth Rate of Stroke (2015-2020)
7.5 Global Illness Insurance Consumption and Growth Rate of Organ transplant (2015-2020)
7.6 Global Illness Insurance Consumption and Growth Rate of Heart transplant (2015-2020)
7.7 Global Illness Insurance Consumption and Growth Rate of Kidney failure (2015-2020)
7.8 Global Illness Insurance Consumption and Growth Rate of Coronary bypass surgery (2015-2020)
7.9 Global Illness Insurance Consumption and Growth Rate of Paralysis (2015-2020)
7.10 Global Illness Insurance Consumption and Growth Rate of Others (2015-2020)
8 North America Illness Insurance Market
8.1 North America Illness Insurance Market Size
8.2 United States Illness Insurance Market Size
8.3 Canada Illness Insurance Market Size
8.4 Mexico Illness Insurance Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Illness Insurance Market Analysis
9.1 Europe Illness Insurance Market Size
9.2 Germany Illness Insurance Market Size
9.3 United Kingdom Illness Insurance Market Size
9.4 France Illness Insurance Market Size
9.5 Italy Illness Insurance Market Size
9.6 Spain Illness Insurance Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Illness Insurance Market Analysis
10.1 Asia-Pacific Illness Insurance Market Size
10.2 China Illness Insurance Market Size
10.3 Japan Illness Insurance Market Size
10.4 South Korea Illness Insurance Market Size
10.5 Southeast Asia Illness Insurance Market Size
10.6 India Illness Insurance Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Illness Insurance Market Analysis
11.1 Middle East and Africa Illness Insurance Market Size
11.2 Saudi Arabia Illness Insurance Market Size
11.3 UAE Illness Insurance Market Size
11.4 South Africa Illness Insurance Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Illness Insurance Market Analysis
12.1 South America Illness Insurance Market Size
12.2 Brazil Illness Insurance Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 Colonial Life Insurance Company
13.1.1 Colonial Life Insurance Company Basic Information
13.1.2 Colonial Life Insurance Company Product Profiles, Application and Specification
13.1.3 Colonial Life Insurance Company Illness Insurance Market Performance (2015-2020)
13.2 Assurant Health Insurance Company
13.2.1 Assurant Health Insurance Company Basic Information
13.2.2 Assurant Health Insurance Company Product Profiles, Application and Specification
13.2.3 Assurant Health Insurance Company Illness Insurance Market Performance (2015-2020)
13.3 Guardian Life Insurance Company of America
13.3.1 Guardian Life Insurance Company of America Basic Information
13.3.2 Guardian Life Insurance Company of America Product Profiles, Application and Specification
13.3.3 Guardian Life Insurance Company of America Illness Insurance Market Performance (2015-2020)
13.4 American Fidelity Assurance
13.4.1 American Fidelity Assurance Basic Information
13.4.2 American Fidelity Assurance Product Profiles, Application and Specification
13.4.3 American Fidelity Assurance Illness Insurance Market Performance (2015-2020)
13.5 AIG
13.5.1 AIG Basic Information
13.5.2 AIG Product Profiles, Application and Specification
13.5.3 AIG Illness Insurance Market Performance (2015-2020)
13.6 Mutual of Omaha
13.6.1 Mutual of Omaha Basic Information
13.6.2 Mutual of Omaha Product Profiles, Application and Specification
13.6.3 Mutual of Omaha Illness Insurance Market Performance (2015-2020)
13.7 Assurity Life Insurance Company
13.7.1 Assurity Life Insurance Company Basic Information
13.7.2 Assurity Life Insurance Company Product Profiles, Application and Specification
13.7.3 Assurity Life Insurance Company Illness Insurance Market Performance (2015-2020)
13.8 Aflac
13.8.1 Aflac Basic Information
13.8.2 Aflac Product Profiles, Application and Specification
13.8.3 Aflac Illness Insurance Market Performance (2015-2020)
13.9 Principal Financial Group
13.9.1 Principal Financial Group Basic Information
13.9.2 Principal Financial Group Product Profiles, Application and Specification
13.9.3 Principal Financial Group Illness Insurance Market Performance (2015-2020)
13.10 Combined Insurance Company
13.10.1 Combined Insurance Company Basic Information
13.10.2 Combined Insurance Company Product Profiles, Application and Specification
13.10.3 Combined Insurance Company Illness Insurance Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Illness Insurance Market Forecast (2020-2025)
14.2 Europe Illness Insurance Market Forecast (2020-2025)
14.3 Asia-Pacific Illness Insurance Market Forecast (2020-2025)
14.4 Middle East and Africa Illness Insurance Market Forecast (2020-2025)
14.5 South America Illness Insurance Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Illness Insurance Market Forecast by Types (2020-2025)
15.1.1 Global Illness Insurance Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Illness Insurance Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Illness Insurance Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Illness Insurance Picture
Table Illness Insurance Key Market Segments
Figure Study and Forecasting Years
Figure Global Illness Insurance Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Illness Insurance Value ($) and Growth Rate (2015-2020)
Table Global Illness Insurance Value ($) by Countries (2015-2020)
Table Global Illness Insurance Value Market Share by Regions (2015-2020)
Figure Global Illness Insurance Value Market Share by Regions in 2019
Figure Global Illness Insurance Production and Growth Rate (2015-2020)
Table Global Illness Insurance Production by Major Countries (2015-2020)
Table Global Illness Insurance Production Market Share by Major Countries (2015-2020)
Figure Global Illness Insurance Production Market Share by Regions in 2019
Figure Global Illness Insurance Consumption and Growth Rate (2015-2020)
Table Global Illness Insurance Consumption by Regions (2015-2020)
Table Global Illness Insurance Consumption Market Share by Regions (2015-2020)
Figure Global Illness Insurance Consumption Market Share by Regions in 2019
Table Global Illness Insurance Export Top 3 Country 2019
Table Global Illness Insurance Import Top 3 Country 2019
Table United States Illness Insurance Export and Import (2015-2020)
Table Europe Illness Insurance Export and Import (2015-2020)
Table China Illness Insurance Export and Import (2015-2020)
Table Japan Illness Insurance Export and Import (2015-2020)
Table India Illness Insurance Export and Import (2015-2020)
Table Global Illness Insurance Production by Types (2015-2020)
Table Global Illness Insurance Production Market Share by Types (2015-2020)
Figure Global Illness Insurance Production Share by Type (2015-2020)
Table Global Illness Insurance Value by Types (2015-2020)
Table Global Illness Insurance Value Market Share by Types (2015-2020)
Figure Global Illness Insurance Value Share by Type (2015-2020)
Figure Global Disease Insurance Production and Growth Rate (2015-2020)
Figure Global Disease Insurance Price (2015-2020)
Figure Global Medical Insurance Production and Growth Rate (2015-2020)
Figure Global Medical Insurance Price (2015-2020)
Figure Global Income Protection Insurance Production and Growth Rate (2015-2020)
Figure Global Income Protection Insurance Price (2015-2020)
Table Global Illness Insurance Consumption by Applications (2015-2020)
Table Global Illness Insurance Consumption Market Share by Applications (2015-2020)
Figure Global Illness Insurance Consumption Share by Application (2015-2020)
Figure Global Heart attack Consumption and Growth Rate (2015-2020)
Figure Global Cancer Consumption and Growth Rate (2015-2020)
Figure Global Stroke Consumption and Growth Rate (2015-2020)
Figure Global Organ transplant Consumption and Growth Rate (2015-2020)
Figure Global Heart transplant Consumption and Growth Rate (2015-2020)
Figure Global Kidney failure Consumption and Growth Rate (2015-2020)
Figure Global Coronary bypass surgery Consumption and Growth Rate (2015-2020)
Figure Global Paralysis Consumption and Growth Rate (2015-2020)
Figure Global Others Consumption and Growth Rate (2015-2020)
Figure North America Illness Insurance Market Consumption and Growth Rate (2015-2020)
Table North America Illness Insurance Consumption by Countries (2015-2020)
Table North America Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure North America Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure United States Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Canada Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Mexico Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Illness Insurance Market Consumption and Growth Rate (2015-2020)
Table Europe Illness Insurance Consumption by Countries (2015-2020)
Table Europe Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure Europe Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure Germany Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure France Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Italy Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Spain Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Illness Insurance Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Illness Insurance Consumption by Countries (2015-2020)
Table Asia-Pacific Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure China Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Japan Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure South Korea Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure India Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Illness Insurance Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Illness Insurance Consumption by Countries (2015-2020)
Table Middle East and Africa Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure UAE Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure South Africa Illness Insurance Market Consumption and Growth Rate (2015-2020)
Figure South America Illness Insurance Market Consumption and Growth Rate (2015-2020)
Table South America Illness Insurance Consumption by Countries (2015-2020)
Table South America Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure South America Illness Insurance Consumption Market Share by Countries (2015-2020)
Figure Brazil Illness Insurance Market Consumption and Growth Rate (2015-2020)
Table Colonial Life Insurance Company Company Profile
Table Colonial Life Insurance Company Production, Value, Price, Gross Margin 2015-2020
Figure Colonial Life Insurance Company Production and Growth Rate
Figure Colonial Life Insurance Company Value ($) Market Share 2015-2020
Table Assurant Health Insurance Company Company Profile
Table Assurant Health Insurance Company Production, Value, Price, Gross Margin 2015-2020
Figure Assurant Health Insurance Company Production and Growth Rate
Figure Assurant Health Insurance Company Value ($) Market Share 2015-2020
Table Guardian Life Insurance Company of America Company Profile
Table Guardian Life Insurance Company of America Production, Value, Price, Gross Margin 2015-2020
Figure Guardian Life Insurance Company of America Production and Growth Rate
Figure Guardian Life Insurance Company of America Value ($) Market Share 2015-2020
Table American Fidelity Assurance Company Profile
Table American Fidelity Assurance Production, Value, Price, Gross Margin 2015-2020
Figure American Fidelity Assurance Production and Growth Rate
Figure American Fidelity Assurance Value ($) Market Share 2015-2020
Table AIG Company Profile
Table AIG Production, Value, Price, Gross Margin 2015-2020
Figure AIG Production and Growth Rate
Figure AIG Value ($) Market Share 2015-2020
Table Mutual of Omaha Company Profile
Table Mutual of Omaha Production, Value, Price, Gross Margin 2015-2020
Figure Mutual of Omaha Production and Growth Rate
Figure Mutual of Omaha Value ($) Market Share 2015-2020
Table Assurity Life Insurance Company Company Profile
Table Assurity Life Insurance Company Production, Value, Price, Gross Margin 2015-2020
Figure Assurity Life Insurance Company Production and Growth Rate
Figure Assurity Life Insurance Company Value ($) Market Share 2015-2020
Table Aflac Company Profile
Table Aflac Production, Value, Price, Gross Margin 2015-2020
Figure Aflac Production and Growth Rate
Figure Aflac Value ($) Market Share 2015-2020
Table Principal Financial Group Company Profile
Table Principal Financial Group Production, Value, Price, Gross Margin 2015-2020
Figure Principal Financial Group Production and Growth Rate
Figure Principal Financial Group Value ($) Market Share 2015-2020
Table Combined Insurance Company Company Profile
Table Combined Insurance Company Production, Value, Price, Gross Margin 2015-2020
Figure Combined Insurance Company Production and Growth Rate
Figure Combined Insurance Company Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Illness Insurance Market Forecast Production by Types (2020-2025)
Table Global Illness Insurance Market Forecast Production Share by Types (2020-2025)
Table Global Illness Insurance Market Forecast Value ($) by Types (2020-2025)
Table Global Illness Insurance Market Forecast Value Share by Types (2020-2025)
Table Global Illness Insurance Market Forecast Consumption by Applications (2020-2025)
Table Global Illness Insurance Market Forecast Consumption Share by Applications (2020-2025)
Research Methodology:
Illness Insurance Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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