In the year 2017, Worldwide Disability Income Insurance Market Size was valued at around USD 19 billion, and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, global the market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025.

Global Disability Income Insurance Market Growth Opportunities By 2017-2025

Disability income insurance, also referred as disability income insurance, is that insurance which provides financial advantages to policy holders, in case of any serious injury or sickness that prohibits his ability to work.

Market Dynamics

In the year 2017, disability income insurance market was valued at around USD 19 billion, and is expected to rise significantly over the forecast period. Rising employment ration across the world, has led to the greater number of people who can opt for disability income insurance, in case any mishappenings happen to them while serving an organization, which is boosting the growth of the market. Escalation in investors’ uncertainty, coupled with rising healthcare expenditure among consumers and rise in awareness towards the benefits associated with disability income insurance is expected to aid the growth of disability income insurance market during the forecast period.

Adoptation of disability income insurance plans by huge organizations in order to safeguard their employees is another reason which can fuel the growth of the market. However, a rigorous and lengthy process to avail the insurance money after a disability can restrict the growth of the market over the forecast period. Low insurance coverage, in case a disabled person opts to work part time can also hinder the growth of disability income insurance market.

Segment Analysis 

Group disability income insurance is anticipated to be the fastest growing segment over the forecast period, owing to its rising popularity, coupled with the significant advantages offered by group disability income insurance. Within group disability income insurance, comes two major sub categories, namely short-term disability insurance and long-term disability income. Among these two major types, long term disability income insurance is anticipated to rise at a faster pace due to higher coverage offered by this plan. Coverage from severe and life-threatening illness such as cancer and other major injuries is another reason for the growth of long-term disability insurance plans in the disability income insurance market.

Regional Analysis

North America is projected to be holding the major revenue share in the global disability insurance market, owing to rising incidences of chronic diseases such as cancer and AIDS in the region, which has encouraged people to opt for disability income insurance in case of need. Presence of aware population in North America, who knows the benefits of disability income insurance, coupled with presence of major global insurance providers in the region is anticipated to boost the growth of the region in disability income insurance market.

Global Disability Income Insurance Market Size, Share Analysis By Region 2017

Asia Pacific is anticipated to be growing fastly in disability income insurance market, owing to rising healthcare expenditure of people in the region, coupled with rise in number of healthcare insurance vendors in Asia Pacific. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period

Global Disability Income Insurance Market Study Objective

1. To forecast the market size of disability income insurance market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of disability income insurance market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of disability income insurance market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of disability income insurance market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the disability income insurance market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of disability income insurance market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of disability income insurance market commercially.

Key players operating in Disability Income Insurance Market

Major players performing in disability income insurance market include Ameritas, Guardian Life, Assurity, MassMutual, Max Bupa, Fidelity Security, Principal Financial Group, Mutual of Omaha, Illinois Mutual, Ohio National, MetLife, Thrivent, State Farm, Peterson International, and RiverSource. Major market players are focusing on designing more lucrative disability income insurance plans in order to attract huge multi-national firms and to maintain their prominence in the market.

Global Disability Income Insurance Market Report Offer You!

The global report study gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

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