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Market Research Report

Europe Health Insurance Market, By Type of Insurance Provider, By Type of Coverage, By Term of Coverage, By Mode of Purchase, By End Users, By Country, Forecast & Opportunities, 2026

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Europe Health Insurance Market, By Type of Insurance Provider, By Type of Coverage, By Term of Coverage, By Mode of Purchase, By End Users, By Country, Forecast & Opportunities, 2026
Published: June 1, 2021 Content info: 83 Pages
Description

Europe health insurance market was valued USD272.78 Billion in 2020 and is forecast to grow at CAGR of 6.07% in the next five years. Health care coverage is a sort of protection that pays for medical costs incurred by the policyholders in a condition of a medical emergency. It offers fast reimbursement for individuals that are afflicted with illnesses for a low premium. The market is driven by the growing awareness pertaining to modern healthcare facilities among the population. Additionally, Europe comprises of a highly regulated healthcare infrastructure wherein many public and private health insurance companies are well established and compete with each other. Also, the European government provides subsidies to the citizens who cannot afford health insurance policies. Health insurance coverage for the most part requires the covered policyholder to bear a portion of risk by covering initial medical expenses up to a settled amount before the health care coverage is obligated for installment. The extent of coverage varies depending on the policy's terms, which are influenced by age, illness, government policies, and other factors. Moreover, the government has taken various initiatives to provide health insurance facilities to people.

Europe's health insurance market is expected to witness significant growth, owing to the poor lifestyle habits of people, a rise in the number of people suffering from chronic diseases, an increasing number of road accidents, and a rise in health expenses such as high prescription costs, etc. Improving GDP of many countries has prompted the growth of the health insurance market in Europe. The rising cost of quality healthcare and medical services, especially in private hospitals, has resulted in increased demand for health insurance. Hospital treatment costs are enough to deplete a person's savings if one does not have insurance. This makes health insurance plan a necessity. In many countries, the government has made health insurance mandatory for public and private workers. Furthermore, with the sudden outbreak of COVID-19 pandemic across the globe, the countries like Italy and Spain have been badly affected and the health insurance providers have now started providing the coverage for novel coronavirus disease also, thereby propelling the market growth.

The Europe health insurance market is segmented based on the type of insurance provider, type of coverage, term of coverage, mode of purchase, end users, company and region. Based on the type of insurance provider, the Europe health insurance market is divided into public, private, and standalone health providers. Among these, the public segment is expected to dominate the market since they provide a prompt referral to a consultant, advanced treatment option, and quick & flexible treatment time. Moreover, the European government has also taken steps to offer different forms of health care for the citizens, due to which a significant portion of the European population prefers public health insurance providers. Based on the term of coverage, the market can be divided into term and lifetime. Here, the lifetime segment is expected to dominate the market in the forecast period since most of the health insurance providers offer lifetime coverage in their health insurance plans.

Some of the leading players in the Europe Health Insurance market are Allgemeine Ortskrankenkasse, Techniker Krankenkasse, Allianz Group, Axa S.A., Zurich Insurance Group, among others. The companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2020

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze historical growth in the market size of the Europe health insurance market from 2016 to 2020.
  • To estimate and forecast the market size of the Europe health insurance market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast the Europe health insurance market based on type of insurance provider, type of coverage, term of coverage, mode of purchase and end users.
  • To identify dominant countries or segment in the Europe health insurance market.
  • To identify drivers and challenges for the Europe health insurance market.
  • To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Europe health insurance market.
  • To identify and analyze the profile of leading players operating in the Europe health insurance market.
  • To identify key sustainable strategies adopted by market players in the Europe health insurance market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the globe.

TechSci Research calculated the market size of Europe health insurance market using a bottom-up approach, wherein data for various end-users' segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Health insurance service providers and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to health insurance
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the Europe health insurance market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Europe Health Insurance Market, By Type of Insurance Provider:

Public

Private

Standalone Health Insurers

  • Europe Health Insurance Market, By Type of Coverage:

Individual

Family

  • Europe Health Insurance Market, By Mode of Purchase:

Insurance Agents

Direct Company Representatives

Online portals

  • Europe Health Insurance Market, By End Users:

Adults

Minors

Senior Citizens

  • Europe Health Insurance Market, By Country:

Germany

United Kingdom

France

Italy

Spain

Netherlands

Switzerland

Sweden

Belgium

Denmark

Competitive Landscape

Company Profiles: Detailed analysis of major companies present in the Europe health insurance market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Table of Contents
Product Code: 4789

Table of Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Europe Health Insurance Market

4. Executive Summary

5. Voice of Customer

  • 5.1. Factors Affecting Purchasing Decision
  • 5.2. Challenges Faced by Customers Post Health Insurance Plans
  • 5.3. Brand Awareness

6. Europe Health Insurance Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type of Insurance Provider (Public, Private, Standalone Health Insurers)
    • 6.2.2. By Type of Coverage (Individual v/s Family)
    • 6.2.3. By Term of Coverage (Term v/s Lifetime)
    • 6.2.4. By Mode of Purchase (Insurance Agents, Direct Company Representatives, Online Portal)
    • 6.2.5. By End Users (Adults, Minors, Senior Citizens)
    • 6.2.6. By Company (2020)
    • 6.2.7. By Country
  • 6.3. Market Map
  • 6.4. Europe: Country Analysis
    • 6.4.1. Germany Health Insurance Market
      • 6.4.1.1. Market Size & Forecast
        • 6.4.1.1.1. By Value
      • 6.4.1.2. Market Share & Forecast
        • 6.4.1.2.1. By Type of Insurance Provider
        • 6.4.1.2.2. By End Users
    • 6.4.2. United Kingdom Health Insurance Market
      • 6.4.2.1. Market Size & Forecast
        • 6.4.2.1.1. By Value
      • 6.4.2.2. Market Share & Forecast
        • 6.4.2.2.1. By Type of Insurance Provider
        • 6.4.2.2.2. By End Users
    • 6.4.3. France Health Insurance Market
      • 6.4.3.1. Market Size & Forecast
        • 6.4.3.1.1. By Value
      • 6.4.3.2. Market Share & Forecast
        • 6.4.3.2.1. By Type of Insurance Provider
        • 6.4.3.2.2. By End Users
    • 6.4.4. Italy Health Insurance Market
      • 6.4.4.1. Market Size & Forecast
        • 6.4.4.1.1. By Value
      • 6.4.4.2. Market Share & Forecast
        • 6.4.4.2.1. By Type of Insurance Provider
        • 6.4.4.2.2. By End Users
    • 6.4.5. Spain Health Insurance Market
      • 6.4.5.1. Market Size & Forecast
        • 6.4.5.1.1. By Value
      • 6.4.5.2. Market Share & Forecast
        • 6.4.5.2.1. By Type of Insurance Provider
        • 6.4.5.2.2. By End Users
    • 6.4.6. Netherlands Health Insurance Market
      • 6.4.6.1. Market Size & Forecast
        • 6.4.6.1.1. By Value
      • 6.4.6.2. Market Share & Forecast
        • 6.4.6.2.1. By Type of Insurance Provider
        • 6.4.6.2.2. By End Users
    • 6.4.7. Switzerland Health Insurance Market
      • 6.4.7.1. Market Size & Forecast
        • 6.4.7.1.1. By Value
      • 6.4.7.2. Market Share & Forecast
        • 6.4.7.2.1. By Type of Insurance Provider
        • 6.4.7.2.2. By End Users
    • 6.4.8. Sweden Health Insurance Market
      • 6.4.8.1. Market Size & Forecast
        • 6.4.8.1.1. By Value
      • 6.4.8.2. Market Share & Forecast
        • 6.4.8.2.1. By Type of Insurance Provider
        • 6.4.8.2.2. By End Users
    • 6.4.9. Belgium Health Insurance Market
      • 6.4.9.1. Market Size & Forecast
        • 6.4.9.1.1. By Value
      • 6.4.9.2. Market Share & Forecast
        • 6.4.9.2.1. By Type of Insurance Provider
        • 6.4.9.2.2. By End Users
    • 6.4.10. Denmark Health Insurance Market
      • 6.4.10.1. Market Size & Forecast
        • 6.4.10.1.1. By Value
      • 6.4.10.2. Market Share & Forecast
        • 6.4.10.2.1. By Type of Insurance Provider
        • 6.4.10.2.2. By End Users

7. Market Dynamics

  • 7.1. Drivers
  • 7.2. Challenges

8. Market Trends & Developments

9. Competitive Landscape

  • 9.1. Allgemeine Ortskrankenkasse
  • 9.2. Allianz Group
  • 9.3. Techniker Krankenkasse
  • 9.4. Axa S.A.
  • 9.5. Zurich Insurance Group
  • 9.6. Chubb Limited
  • 9.7. Aviva plc
  • 9.8. Assicurazioni Generali S.p.A.
  • 9.9. British United Provident Association (Bupa)
  • 9.10. Dai-ichi Life International (Europe) Limited

10. Strategic Recommendations

11. About Us & Disclaimer

List of Figures

  • Figure 1: Europe Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 2: Europe Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 3: Europe Health Insurance Market Share, By Type of Coverage, By Value, 2016-2026F
  • Figure 4: Europe Health Insurance Market Share, By Term of Coverage, By Value, 2016-2026F
  • Figure 5: Europe Health Insurance Market Share, By Mode of Purchase, By Value, 2016-2026F
  • Figure 6: Europe Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 7: Europe Health Insurance Market Share, By Company, By Value, 2020
  • Figure 8: Europe Health Insurance Market Share, By Country, By Value, 2020-2026F
  • Figure 9: Europe Health Insurance Market Map, Market Size (USD Million) & Growth Rate (%), 2020
  • Figure 10: Europe Health Insurance Market Map, By Country, Market Size (USD Million) & Growth Rate (%), 2020
  • Figure 11: Germany Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 12: Germany Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 13: Germany Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 14: United Kingdom Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 15: United Kingdom Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 16: United Kingdom Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 17: France Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 18: France Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 19: France Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 20: Italy Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 21: Italy Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 22: Italy Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 23: Spain Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 24: Spain Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 25: Spain Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 26: Netherlands Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 27: Netherlands Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 28: Netherlands Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 29: Switzerland Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 30: Switzerland Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 31: Switzerland Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 32: Sweden Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 33: Sweden Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 34: Sweden Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 35: Belgium Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 36: Belgium Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 37: Belgium Health Insurance Market Share, By End Users, By Value, 2016-2026F
  • Figure 38: Denmark Health Insurance Market Size, By Value (USD Million), 2016-2026F
  • Figure 39: Denmark Health Insurance Market Share, By Type of Insurance Provider, By Value, 2016-2026F
  • Figure 40: Denmark Health Insurance Market Share, By End Users, By Value, 2016-2026F
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