What is Ophthalmology Plan of Private Health Insurance Market?
Ophthalmology Plan of Private Health Insurance is a medical doctor who is licensed to practice eye medicine and surgery. Any serious eye problem, including physical injury to the eye, should always be seen by an ophthalmologist. Ophthalmologist services are typically covered by your health insurance policy. An optometrist is a specialist who provides eye care such as vision testing and correction, as well as treatment and management of vision changes. This type of vision testing is usually not covered by your health insurance, but it may be covered by a vision plan.
Highlights from Ophthalmology Plan of Private Health Insurance Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | UnitedHealthcare (United States), Aetna (United States), Humana (United States), Ameritas (United States), Blue Cross (United States), Aflac (United States), EyeBenefits (United States), Davis Vision (United States), VSP Direct (United States) and Capri Healthcare (United Kingdom) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Ophthalmology Plan of Private Health Insurance market throughout the forecasted period.
UnitedHealthcare (United States), Aetna (United States), Humana (United States), Ameritas (United States), Blue Cross (United States), Aflac (United States), EyeBenefits (United States), Davis Vision (United States), VSP Direct (United States) and Capri Healthcare (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Care1 Telemedicine (Canada), Doxy.me Inc. (United States), EyecareLive, Inc (United States) and Others. Ophthalmology Plan of Private Health Insurance Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Adults and Children |
Type | Prescription Drugs, Eye Examinations, Contact Lens Examinations, LASIK and Similar Corrective Vision Procedures and Others |
Distribution Channel | Hospitals,Ophthalmology Clinics,Others |
Component | Hardware,Platform/Solutions,Services |
On the basis of geography, the market of Ophthalmology Plan of Private Health Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Number of Regulatory Guidelines on the Health Insurance Exchange and Payments for In-Hospital and Extras Treatment Increased
Market Growth Drivers:
Increasing Number of Benefits and the Arising Need of These Products Have Been Responsible For the Privatization of Health Insurance and Increasing Awareness in the Healthcare Sector, Owing To the Growing Healthcare Costs
Challenges:
Problems Associated with the Uncertainty in Health Insurance Exchange, Lack of Awareness in Ophthalmology Plans of Private Health Insurance and Higher loss ratios in the insurance players
Restraints:
Issues with Subsidies in Private Health Insurance Exchange Market
Opportunities:
Rising Concern Related to Pandemic is Boosting the Demand of Private Health Insurance Exchange Market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Venture and Capitalist, Banks, Government Research Organizations, Private Research Organization, Government Bodies, End-Users and Others
Market Leaders & Development Strategies
On 18th October 2021, UnitedHealth Group Company, has announced the launch of NavigateNOW, a virtual-first health plan that provides care both virtually and in-person. Eligible UnitedHealthcare members will be able to receive a variety of care through this new health plan, including wellness, routine, chronic condition management, urgent, and behavioural health services.