U.S. Healthcare Discount Plan Market Competition, Opportunities And Challenges 2020-2027

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According to a new report released by Grand View Research, the increasing presence in the US of DMPOs offering affordable plans for a variety of services, including dental care, visual aid, chiropractic, virtual visits, health care, prescription drugs, and alternative drugs, is one of the key factors which will increase its profile with the US patient population.

the US Healthcare Discount Plans Market Size is expected to reach $ 3.3 billion by 2027 and is expected to be at a. expand CAGR of 9.6% from 2020 to 2027, according to a new report from Grand View Research, Inc. Rising healthcare costs, rising prevalence of lifestyle-related illnesses, and high self-spending are driving the adoption of healthcare discount plans to promote affordable treatment and lower healthcare costs in the United States

An increasing number of investments, new package launches, public-private partnerships, joint ventures, and mergers and acquisitions between major payers and providers to provide affordable healthcare solutions are expected to fuel market growth. In addition, the increasing demand to improve treatment quality and outcomes as well as the provision of coordinated patient care continues to drive market growth. For example, in June 2019 United Healthcare launched United Healthcare Hearing, a new service that offers affordable, high-quality hearing solutions. As part of an awareness campaign, the company donated 20,000 reusable silicone stoppers to fire departments and the police across the country.

The growing demand for low-cost visual aids, dental care, chiropractic, hearing aids, and prescription drugs for individuals and families that are not covered by insurance is expected to fuel demand for health care discount plans, thereby positively impacting the market Growth in the near future. In addition, the rising burden of chronic illness and other medical conditions, and the need for affordable, hassle-free treatments, continue to drive demand for discount plans for the healthcare sector.

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US Healthcare Discount Plans Market report highlights

• In terms of services, the Other segment held the largest share of sales of almost 20.0% in 2019 due to the availability of extended discount plans and additional benefits for diabetic supplies, X-rays, medical supplies, PET, MRI and CT scans, endoscopies and mammography, Laboratory tests and services

• The Dental Care segment had the second largest share of sales in 2019

• Prescription medication and wellness plans are other key potential services that represented a significant market share in 2019 due to high consumer demand.

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Market segmentation for US healthcare discount plans

Grand View Research has broken down the U.S. Health Discount Market by Service:

US Healthcare Discount Plan Service Outlook (Revenue, USD M, 2016-2027)

• Health Attorney

• Virtual visits

• Alternative medication

• Prescription drugs

• Dental care

• Eyesight care

• hearing aids

• Chiropractic

• Nursing Services

• Vitamins and nutritional supplements

• Wellness plans

• Podiatry plans

• Other

List of Major Players in the US Healthcare Discount Plan Market

• DMPOs

• New Benefits, Ltd.

• Access to One Consumer Health, Inc.

• CAREINGTON International Corporation

• America

• Coverdell

• Alliance Healthcard from Florida, Inc.

• Marketer

• United Health Group

• American Dental Care Partners, Inc.

• Association of the Blue Cross and the Blue Shield

• DentalPlans.com, Inc.

• Sams West, Inc.

• Humana, Inc.

• Cigna

• Freshbenies

• Discounts by design

• Xpress Healthcare

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Via Grand View Research

Grand View Research is a market research and advisory firm that provides market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from different domains. The clientele is based in different countries and has inquiries from more than 50 industries worldwide.

Grand View Research helps its clients make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research conducts more than 300 cross-border market studies to optimize advice for customers.

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