Europe Health Insurance Market Is Forecast To Grow At CAGR Of 6.07% During Forecast Period 2026 | TechSci Research
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 fo...