Healthcare broker market grows 9.4% to $64b in 2025

The market is forecast to reach $90.74b by 2029.

The global healthcare insurance broker market grew from $58.55b in 2024 to $64.08b in 2025, reflecting a compound annual growth rate of 9.4%, according to The Business Research Company. 

Growth during this period was driven by rising healthcare costs, more complex insurance regulations, higher demand for employer-sponsored insurance, the expansion of government health coverage, and an increase in chronic illnesses.

The market is forecast to reach $90.74b by 2029, with a projected compound annual growth rate of 9.1%. 

Rising awareness of health insurance benefits is also boosting demand. Governments and health organisations have stepped up campaigns highlighting the importance of coverage, making consumers more proactive in securing insurance. 

North America was the largest market in 2024, whilst Asia-Pacific is expected to record the fastest growth through the forecast period.