Increasing costs for medical services and the growing number of day-care procedures are some of the drivers boosting health insurance demand in the market. With the increasing demand for health insurance globally, major companies are expanding their product portfolios in different countries to strengthen their presence for these products and solutions in the market. Data Bridge Market Research analyses that the Asia-Pacific health insurance market is expected to reach USD 540,143.73 million by 2029, at a CAGR of 4.1% during the forecast period of 2022-2029.
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