From GlobeNewswire: 2024-09-17 12:00:00

Allied Market Research published a report on the Maternity Health Insurance Market, projecting a value of $269.3 billion by 2032 with a CAGR of 7.9% from 2024-2032. Factors driving growth include a rise in insurance adoption and tech advancements. Despite challenges from strong banking rules, opportunities for market players are abundant.

The online mode dominates the market share as digital channels become more popular. The COVID-19 pandemic propelled the shift towards online platforms, making it easier for consumers to compare and purchase insurance plans. Banks lead in distribution due to their established customer base and robust networks, leveraging trust to sell insurance effectively.

North America held the highest market share in 2023, thanks to its developed infrastructure and adoption of the latest technologies. Key players like Progressive Corporation are adopting strategies like collaborations and expansions to maintain dominance. Recent industry developments include AI-driven solutions for healthcare navigation and the launch of Australian insurance operations by Everest Insurance.

The report offers stakeholders valuable insights like market forecasting, analysis of market trends, and key players’ strategies. Porter’s five forces analysis helps in understanding the competitive landscape, allowing for informed decision-making. Detailed market segmentations, revenue contributions by region, and benchmarking help stakeholders stay competitive in the industry.

Key segments in the report include mode, distribution channel, and region. Trending reports in the BFSI industry offer insights into related markets, providing a comprehensive view for businesses seeking growth opportunities. Allied Market Research aims to provide quality market research and business intelligence solutions to aid companies in making strategic decisions for sustainable growth.



Read more at GlobeNewswire: Maternity Health Insurance Market to Reach $269.3 Billion,