DUBLIN--(BUSINESS WIRE)--The "U.S. Healthcare Discount Plan Market Size, Share & Trends Analysis Report by Service (Dental Care, Health Advocate, Virtual Visits, Alternative Medicines, Prescription Drugs, Vision Care), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. healthcare discount plan market size is expected to reach USD 3.8 billion by 2030, registering a CAGR of 10.2%.
Growing chronic diseases burden, increasing health expenses, and rising out-of-pocket expenditures are boosting the demand for health/medical discount plans offering affordable treatment solutions. Market players are focusing on increasing investments, innovating products & services, collaborating & partnering with other players to deliver affordable and accessible treatment solutions.
Furthermore, the growing demand for enhanced treatment quality and improved patient experience, which would drive clinical outcomes & coordinate patient care is further boosting the adoption of health/medical discount plans.
For instance, United Healthcare, in June 2019, launched UnitedHealthcare Hearing, an innovative service provider offering affordable, quality hearing solutions. Moreover, as a part of their public awareness campaign, United Healthcare donated 20,000 reusable silicone plugs to police departments and fire departments across the country.
The growing presence of Discount Medical Plan Organizations (DMPOs) providing affordable medical plans for a wide array of services is expected to drive the market. A rise in demand for affordable dental care, vision care, hearing aids, prescription drugs, and chiropractic care for individuals as well as groups who lack insurance coverage is expected to drive the demand further and promote the development & growth of the market.
The growing prevalence of chronic ailments and increasing health-consciousness are driving the need for hassle-free, affordable treatment solutions.
U.S. Healthcare Discount Plan Market Report Highlights
- The other services segment dominated the market in 2021 owing to the growing demand for advanced discount plans amalgamated with additional benefits covering diagnostics, diabetic supplies, laboratory tests, and endoscopies
- The virtual visits services segment is anticipated to register the fastest growth rate over the forecast years
- This growth can be attributed to the increasing availability of telemedicine services, such as online consultation, and 24/7 access to care professionals
- The dental care services segment accounted for the second-largest share of the overall revenue in 2021
Market Dynamics
Market Driver Analysis
- Growing demand for Health Discount Plans to Control Rising Healthcare Costs
- Increasing Demand for Private Health Discount Plans in the Different U.S. States
Market Restraint Analysis
- Easy availability of Better Insurance Plans
Industry Challenges
- Difficulty in Implementing Health Discount Programs Outside Hospital Facilities
U.S. Healthcare Discount Plan Market Analysis Tools
- Industry Analysis - Porter's
- PESTEL Analysis
Major Deals & Strategic Alliances Analysis
- Collaborations & Partnerships
- Investments, Mergers, and Acquisitions
Market Entry Strategies
Recent Developments & Impact Analysis, by Key Market Participants
Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
Competitive Landscape
- New Benefits, Ltd.
- Access One Consumer Health, Inc.
- CARRINGTON International Corporation
- Ameriplan
- Coverdell
- Alliance Healthcard of Florida, Inc.
- United Health Group
- American Dental Care Partners, Inc.
- Blue Cross and Blue Shield Association
- DentalPlans.com, Inc.
- Sam's West, Inc.
- Humana, Inc.
- Cigna
- Freshbenies
- Discounts by Design
- Xpress Healthcare
For more information about this report visit https://www.researchandmarkets.com/r/xv4h4v.
