Health insurance market in Europe, by type of insurance

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New York, June 3, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the European Health Insurance Market by Type of Insurance Company, by Type of Coverage, by Time of Coverage, by Method of Purchase, by End Users, by Country , forecast and opportunities, 2026 “- https://www.reportlinker.com/p06089428/?utm_source=GNW

The health insurance market in Europe is estimated at US $ 272.78 billion in 2020 and is projected to grow at a CAGR of 6.07% over the next five years. Health insurance is a kind of protection that covers medical expenses incurred by policyholders in a medical emergency. It offers fast refunds for people with medical conditions for a small fee. The driving force of the market is the growing awareness of the population about modern medical facilities. In addition, Europe has a highly regulated health care infrastructure in which many public and private health insurance companies are well established and compete with each other. In addition, the European government provides subsidies to citizens who cannot afford health insurance policies. Health insurance for the most part requires the insured policyholder to take on some of the risk by covering the initial medical costs up to a set amount before health insurance becomes mandatory for installments. Coverage varies depending on policy conditions, which are influenced by age, illness, government policy, and other factors. Moreover, the government has taken various initiatives to provide health insurance to the population.
The European health insurance market is expected to witness significant growth due to poor lifestyles, an increase in the number of people suffering from chronic diseases, an increase in the number of road accidents and rising health costs such as the high cost of prescriptions. etc. The increase in the GDP of many countries has led to the growth of the health insurance market in Europe.

The rise in the cost of quality healthcare and medical services, especially in private hospitals, has led to an increase in the demand for health insurance. The cost of hospital treatment is enough to drain a person’s savings if they don’t have insurance.

This makes a health insurance plan a must. In many countries, the government has made health insurance compulsory for public and private workers.

In addition, due to the sudden outbreak of the COVID-19 pandemic around the world, countries such as Italy and Spain have been hit hard, and health insurance providers have now begun to provide insurance against the new coronavirus disease, thereby fueling market growth.

The European health insurance market is segmented by type of insurance company, type of coverage, duration of coverage, method of purchase, end users, company and region. Depending on the type of insurance company, the European health insurance market is divided into public, private and autonomous health care providers.

Among them, the government segment is expected to dominate the market as they provide fast referral, extended treatment options and fast and flexible treatment times. In addition, the European government has also taken steps to offer various forms of health care to citizens, which is why a significant part of the European population prefers public health insurance.

According to the period of coverage, the market can be divided into urgent and life-long. Here, the lifetime segment is expected to dominate the market in the forecast period as most health insurance providers offer lifetime insurance in their health insurance plans.

Some of the leading players in the European health insurance market are Allgemeine Ortskrankenkasse, Techniker Krankenkasse, Allianz Group, Axa SA, Zurich Insurance Group and others. Companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service development.

Years covered for this report:

Historical years: 2016-2020
Base year: 2020
Estimated year: 2021
Forecast period: 2022–2026.

Purpose of the study:

• Analyze the historical growth in the size of the European health insurance market from 2016 to 2020.
• Estimate and forecast the size of the European health insurance market from 2021 to 2026 and growth rates until 2026.
• Classify and forecast the health insurance market in Europe based on the type of insurance company, type of coverage, duration of coverage, method of purchase and end users.
• To identify the dominant countries or segments of the European health insurance market.
• Identify the driving forces and challenges for the European health insurance market.
• Examine competitive developments such as expansion, new product launches, mergers and acquisitions, etc. in the European health insurance market.
• Identify and analyze the profile of the leading players in the European health insurance market.
• Identify the key sustainable strategies adopted by the health insurance market participants in Europe.

The analyst conducted both primary and comprehensive secondary research for this study. Initially, the analyst compiled a list of service providers around the world.

Subsequently, the analyst conducted initial research of the identified companies. During the interviews, respondents were also asked questions about their competitors.

With this method, the analyst can include service providers that cannot be identified due to the limitations of secondary research. The analyst studied service providers and the presence of all major players around the world.
The analyst calculated the size of the European health insurance market using a bottom-up approach, in which data for different segments of end users were recorded and projected for future years. The analyst obtained these values ​​from industry experts and company representatives and verified them externally by analyzing historical data for these types of products and applications to determine the appropriate overall market size.

The analyst also examined various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial statements.

Key target audience:

• Health insurance providers and other stakeholders
• Government bodies such as regulators and politicians.
• Organizations, forums and unions related to health insurance
• Marketing and consulting firms
The research is useful for providing answers to several critical questions that are important to industry stakeholders such as service providers, partners, end users, etc., in addition to enabling them to strategize investment and capitalize on market opportunities.

Scope of the report:

In this report, the European health insurance market has been divided into the following categories in addition to industry trends, which are also detailed below:
• European health insurance market, by type of insurance company:
o Public
o private
o Autonomous insurance companies
• European health insurance market, by type of coverage:
o Individual
o Family
• European health insurance market, by purchase method:
o Insurance agents
o Direct representatives of the company
o Internet portals
• European health insurance market, by end user:
o Adults
o Minors
o elderly people
• European health insurance market, by country:
o Germany
o United Kingdom
o France
o Italy
o Spain
o Netherlands
o Switzerland
o Sweden
o Belgium
o Denmark

Competitive environment

Company profiles: detailed analysis of the main companies present in the European health insurance market.

Available settings:

With market data, we offer customizations according to the specific needs of the company. The following setting options are available for the report:

Information about the company

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06089428/?utm_source=GNW

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