COVID-19 insurance market forecast to grow at 6.5% CAGR

Looking ahead, the market is forecast to reach $62.35b by 2029.

The global market for COVID-19 insurance is expected to rise from $45.37b in 2024 to $48.48b in 2025, representing a 6.9% compound annual growth rate (CAGR). 

Growth during this period was supported by higher infection rates, mandatory health coverage requirements, rising hospital costs, and increased awareness of the need for financial protection.

Looking ahead, the market is forecast to reach $62.35b by 2029, with a CAGR of 6.5%. 

This growth is expected to be driven by wider use of digital insurance platforms, expansion of telehealth services, hybrid insurance models, stronger corporate health programmes, and greater risk awareness after the pandemic.

North America led the market in 2025, whilst Asia-Pacific is expected to record the fastest growth over the forecast period.