Published:
Insurance third-party administrators seen exceeding $532b by 2029
Health plan administrators are expected to be the largest segment.
The global insurance third-party administrators (TPAs) market is projected to exceed $532b by 2029, representing nearly 1% of the wider financial services industry, which is expected to reach $47.55t by the same year.
Health plan administrators are expected to be the largest segment, accounting for 52% of the market or $276b by 2029, according to Business Research Company's report.
This growth is supported by rising demand for efficient claims management, higher rates of chronic diseases, healthcare cost containment needs, and overall increasing healthcare expenses.
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