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Medicare Advantage Market - Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis and Competitive Analysis 2017 - 2025

ID: 47130 January, 2018 Region : Global Pages
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Global medicare advantage market, by type (Health maintenance organizations (HMO), preferred provider organizations (PPO), special need plans, and private fee for service, medical savings accounts and others) and method (agents or brokers, and direct writing).
Market Scenario:

Medicare advantage is the type of medical or health insurance that pays for managed health care on the basis of monthly fee per enrolee. These are the medical and hospitals insurance that are provided by the private companies rather than the federal government. These are also known as Part C Plans that provide the same coverage as that of Plan A (Hospital) and Plan B (Medical). They usually provide Plan D (Drugs) coverage as well, hence are more attractive than the government or Medicare plans. 


Modern Medicare advantage plans have successfully gained the market due to various benefits that they provide over traditional Medicare plans. These MA plans have improved the process and are more customers centric to improve the plan quality and consumer satisfaction. MA plans allows the insurers to structure their plans so that to maximize their attractiveness to consumers. Also the highly subsidized MA plans for the employers largely fill the same gap as that of the traditional Medicare for retiree but is less expensive and hence is more attractive to the consumers. All these factors are leading to the improved market growth.


Segmentation:
The global medicare advantage market is segmented on the basis of types and methods.
On the basis of types, the market is segmented into Health maintenance organizations (HMO), preferred provider organizations (PPO), special need plans, and private fee for service, medical savings accounts and others.
On the basis of methods, the market is segmented into agents or brokers, and direct writing.


Regional Analysis:
Geographically, the medicare advantage market is segregated in North America, Europe, Asia Pacific, Middle East & Africa and LAMEA. North America commands the major market share of the global Medicare advantage market owing to the maximum population in the countries opting for such plans. There are more private or individual enrolments in Medicare advantage segments than group enrolment in health insurance market in the region. Europe commands the second largest share due to increasing privatization and hence the improvement in Medicare. Asia Pacific is expected to provide larger opportunities to the market players with the continual economic developments and increasing awareness among the people.


Key Players:
The major market players in medicare advantage market include UnitedHealth, Humana, Aetna, Anthem, Cigna, Kaiser Permanente, and HCSC. UnitedHealth is one of the major market players which retain its position as the top Medicare Advantage organization in the world. On the other hand Humana experienced the largest gain in 2016 in terms of membership. UnitedHealth Humana, and Anthem together expected to command the major market share of the global Medicare advantage market. 


Segmentation:
By Type
• Health maintenance organizations (HMO)
• Preferred Provider Organizations (PPO)
• Special Need Plans and Private Fee For Service
• Medical Savings Accounts
• Others
By Method
• Agents or Brokers
• Direct Writing

Research Scope
The study for Global Medicare Advantage Market Survey and Trend Research 2018 will provide market size, estimates and forecast based on the following years: 
 
Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025


The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 
Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 


1. Introduction

1.1. Market Definition
1.2. Market Scope


2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions


3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016 


4. Type Overview
4.1. Introduction 
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. Health maintenance organizations (HMO)
4.2.2. Preferred Provider Organizations (PPO)
4.2.3. Special Need Plans and Private Fee For Service
4.2.4. Medical Savings Accounts
4.2.5. Others
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


5. Method Overview
5.1. Introduction 
5.2. Market Size & Forecast, 2015 to 2025
5.2.1. Agents or Brokers
5.2.2. Direct Writing
 (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


6. Regional Overview
6.1. Introduction
6.2. Market Size & Forecast, 2015 to 2025
6.2.1. North America
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.1.3. Mexico 
6.2.2. Europe
6.2.2.1. UK
6.2.2.2. Germany
6.2.2.3. France
6.2.2.4. Italy 
6.2.2.5. Russia
6.2.2.6. Poland
6.2.2.7. Rest of Europe
6.2.3. Asia-Pacific
6.2.3.1. China
6.2.3.2. India
6.2.3.3. Japan
6.2.3.4. Australia
6.2.3.5. South Korea
6.2.3.6. Rest of Asia-Pacific
6.2.4. LAMEA
6.2.4.1. Saudi Arabia
6.2.4.2. UAE
6.2.4.3. South Africa
6.2.4.4. Rest of LAMEA
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


7. Manufacturer/ Vendor Profile
7.1. The following attributes will be considered while profiling key manufacturers in this industry: 
7.1.1. Company Overview
7.1.2. Financial Synopsis
7.1.3. Recent Developments
7.1.4. R&D Investments (if any)
7.1.5. Strategy Overview (Analyst Perspective)
7.1.6. Product Portfolio
7.2. Companies Profiled
7.2.1. UnitedHealth
7.2.2. Humana
7.2.3. Aetna
7.2.4. Anthem
7.2.5. Cigna
7.2.6. Kaiser Permanente
7.2.7. HCSC
 (Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.) 

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