Domiciliary Insurance Market Outlook 2025 – In-Depth Data for Business Expansion to 2034
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What is the current market size of the domiciliary insurance industry, and what growth rate is it expected to achieve?
The domiciliary insurance market size has grown rapidly in recent years. It will grow from $44.72 billion in 2024 to $51.88 billion in 2025 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to homeownership, asset protection, mortgage requirements, disaster awareness, and regulatory compliance.
The domiciliary insurance market size is expected to see rapid growth in the next few years. It will grow to $85.59 billion in 2029 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to changing housing trends, environmental risks, technological advances, personalization and customization, economic conditions. Major trends in the forecast period include aging population, home-based care, telehealth integration, and customized policies.
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What are the major drivers contributing to the growth of the domiciliary insurance market?
The growing geriatric population is expected to drive the domiciliary insurance market. The population of the world is growing older, with the age group of 65 and above being the fastest growing. For instance, in November 2022, according to a report published by the United Nations, a US-based Intergovernmental organization, the percentage of the global population aged 65 and above is expected to rise from 10% in 2022 to 16% in 2050. It is projected that by 2050, the number of individuals aged 65 years or above across the world will be twice the number of children under age 5 and almost equivalent to the number of children under 12 years. Therefore, the growing geriatric population is driving the growth of the domiciliary insurance market.
What are the major market segments driving the growth of the domiciliary insurance industry?
The domiciliary insurance market covered in this report is segmented –
1) By Insurance Type: Diseases Insurance, Medical Insurance, Income Protection Insurance, Other Insurance Types
2) By Coverage Type: Lifetime Coverage, Term Coverage
3) By Demographics: Minors, Adults, Senior Citizen
4) By Network: Preferred Provider Organizations (PPOs), Point Of Services (POS), Health Maintenance Organization (HMOs), Exclusive Provider Organizations (EPOs)
5) By Service Provider: Private, Public
Subsegments:
1) By Diseases Insurance: Critical Illness Insurance, Chronic Diseases Insurance, Short-Term Illness Insurance
2) By Medical Insurance: Inpatient Medical Insurance, Outpatient Medical Insurance, Preventive Care Insurance
3) By Income Protection Insurance: Short-Term Income Protection, Long-Term Income Protection
4) By Other Insurance Types: Accident Insurance, Disability Insurance, Long-Term Care Insurance
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What are the key trends shaping the domiciliary insurance market in the forecast period?
Major companies operating in the domiciliary insurance market are developing innovative insurance policies such as home treatment program to drive revenues in the market. A home treatment program is a structured plan that allows individuals to manage their health conditions or recover from illness at home, often involving self-care activities, medication management, and lifestyle adjustments tailored to their specific needs. For instance, in September 2022, Allianz Care Australia, an Australia-based medical assistance and insurance company, launched a home treatment program for overseas student health insurance members who require cancer treatment in Australia. The program enables members to receive cancer treatment at home instead of a hospital, improving the lives of overseas students and providing another option for persons requiring cancer treatment. As part of the program, Allianz Care members will receive repeat cycle treatment, including chemotherapy, immunotherapy, chronic illness infusions, and other supportive therapies commonly prescribed for cancer treatment.
Who are the key market players contributing to the growth of the domiciliary insurance industry?
Major companies operating in the domiciliary insurance market include Cigna Group, AIA Group Limited, Allianz SE, AXA SA, Aviva plc, Aetna Inc., HDFC ERGO General Insurance Company Limited, Munich Re Group, ICICI Lombard General Insurance Company Limited, Religare Health Insurance Company Limited, Edelweiss General Insurance Company Limited, Anthem Insurance Companies Inc., Blue Cross Blue Shield Association, Humana Inc., Health Care Service Corporation, Highmark Inc., Kaiser Foundation Health Plan Inc., UnitedHealth Group Incorporated, WellCare Health Plans Inc., Centene Corporation, Allianz Care, BMI Healthcare Ltd., Broadstone Corporate Benefits Limited, HBF Health Limited, Healthcare International Global Network Ltd., Aditya Birla Health Insurance Limited, Bajaj Allianz Health Insurance Company Limited, Bharti AXA General Insurance Company Limited, Kotak Mahindra General Insurance Company Limited, Oriental Insurance Company Ltd., Reliance General Insurance Company Limited, SBI General Insurance Company Limited, Next Insurance Inc., Ethos Life Insurance Services
Which regions are leading the growth of the domiciliary insurance market globally?
The countries covered in the domiciliary insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
How Can Companies Use The Domiciliary Insurance Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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