The long stay travel insurance market is set for steady growth over the next several years.
According to The Business Research Company, the market is forecast to rise from $3.57 billion in 2024 to $3.83 billion in 2025, representing a compound annual growth rate (CAGR) of 7.5%.
By 2029, the market is expected to reach $5.04 billion, with a CAGR of 7.1%.
Growth is being driven by increasing international student enrollments, overseas work opportunities, outbound tourism, and retirement relocations.
Looking ahead, demand is expected to benefit from digital insurance platforms, stricter visa requirements, flexible plans, and the rise of remote working abroad. International student mobility remains a key factor shaping the market’s expansion.
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