APAC medical professional liability insurance to grow 11.5% through 2034

In 2023, China had approximately 4.78 million medical practitioners.

Asia-Pacific’s medical professional liability insurance (MPLI) market is projected to pencil a compound annual growth rate (CAGR) of 11.5% from 2025 to 2034, with countries like China, India, and Japan seeing stronger MPLI adoption, according to Global Market Insights.

In China, factors such as an ageing population, a growing healthcare workforce, and an increase in malpractice disputes—5,074 cases reported in 2022—are pushing demand for liability coverage. 

In 2023, China had approximately 4.78 million medical practitioners.

Globally, the MPLI market is projected to grow from $18.2b in 2025 to $46b by 2034, at a CAGR of 10.8%, driven by rising malpractice claims and growing demand for risk protection amongst healthcare providers.

Overall, increasing legal exposure, particularly in high-risk medical areas, is prompting healthcare providers worldwide to invest more in liability protection.

In 2024, the global market was valued at $16.4b, up from $15b in 2023. The market saw steady growth from $12.6b in 2021 and $13.7b in 2022, as healthcare professionals increasingly sought insurance to mitigate financial and reputational risks.

Occurrence-based policies held the largest share in 2024 at $10.2b. 

Amongst claim types, misdiagnosis or delayed diagnosis led the market and is expected to grow at a CAGR of 11.3%. 

Acute care and hospitals accounted for the largest share by healthcare sector and are projected to grow at 11.4% annually through 2034.