Global Health Insurance Growth Through 2031

The global health insurance market is projected to grow from $2.14T in 2026 to $3.11T by 2031, with an expected ~8% annual pace.
Growth is being supported by employer-sponsored coverage, claims automation, regulatory expansion, rising chronic disease prevalence, and stronger demand for individual and family policies.
Employers projected a ~9% healthcare cost trend in 2026, easing to ~8% after benefit redesigns, favoring carriers that prove transparency, service quality, and value.
Claims automation is becoming central as insurers seek faster approvals, lower processing costs, and stronger fraud detection, supported by clinician oversight, governance, and audit trails.
Affordability still pressures growth, yet individual and family policies are forecast to expand fastest through 2031, helped by self-employment, gig work, and digital distribution.