Latin America Health Insurance Market: Trends, Growth, and Regional Outlook 2023-2030
The Latin America health insurance market size is anticipated to reach USD 131.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.2% from 2023 to 2030. Increased government initiatives, increasing need for health insurance and related benefits, and increasing acceptance of private health and dental insurance in the Latin America region are all driving the market’s growth during the forecast period. The COVID-19 pandemic has boosted awareness of the importance of insurance, with various Latin American nations' insurance businesses experiencing promising results. For instance, Puerto Rico had the greatest density (premiums per capita) indices, as reported by Fundación MAPFRE Canarias in its 2020 report. Governments are encouraging private companies to offer more affordable insurance options in Latin America to protect individuals from unexpected healthcare costs and gain access to hi...