Health insurance exchange is a federally operated marketplace for insurance where small business and individuals compare and shop for health coverage. Healthcare consumers and governments are demanding that providers and payers offer more services that leads to changes in healthcare landscape. There is increased demand for cost reductions, increased patient satisfaction and improved health outcomes with changing public policies. Healthcare insurance exchange providers are either private exchange or public exchange.
The Health Insurance Exchange market estimated at $2.609.7 Million in 2018 is expected to reach $4,656.4 Million by 2026, growing at a CAGR of 10.5% from 2018 to 2026.
Report Consultant has delivered a complete global Health Insurance Exchange Market research report by accompanying analytical research on several market perceptions such as major key developments, provincial outlook, key players and various market sectors.
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Top Key Players Covered:
Accenture (Ireland), CGI Group, Inc. (Canada), Deloitte (U.S.), IBM Corporation (U.S.), Infosys (India), MAXIMUS (U.S.), Oracle Corporation (U.S.),Xerox Corporation Ltd. (U.S.), and other emerging players such as Connecture (U.S.), Cognosante (U.S.), hCentive (U.S.), Hewlett-Packard (U.S.), Hexaware Technologies (India), Inovalon, Inc. (U.S.), KPMG (Netherlands), Microsoft Corporation (U.S.), Noridian Healthcare Solutions, LLC (U.S.), Tata Consultancy Services (TCS) (India), and WiproLimited (India), among others.
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.
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The health insurance business transaction is carried out in three phases. The implementation phase dominated the global Health Insurance Exchange market in terms of revenue in recent years. The operation and maintenance phase help to determine the potential market growth, which is measured in terms of increased post implementation requirements, which includes facility support, systems management, network operations, hardware and software upgrades, trouble reporting, troubleshooting, storage management, system performance reporting and monitoring and disaster recovery services.
Following factors have been scrutinized through this research report:
- Global cutting-edge trends in the market
- Global market division along with their subtypes
- Tapping of global health insurance exchange market opportunities
- Identification of global clienteles along with identification of potential customers
- Formation of market positions
In addition, the increasing demand for reduction of healthcare insurance cost and a 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.
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