Germany Health & Medical Insurance Market Statistics 2032

Germany Health & Medical Insurance Market Report by Product Type (Statutory Health Insurance, Private Health Insurance), Term of Coverage (Short-term, Long-term), Channel of Distribution (Single Tied or Insurance Group Intermediaries, Broker and Multiple Agents, Credit Institutions, Direct Selling, and Others), Income Level (Employed Annual Income < EUR 64,350, Employed Annual Income > EUR 64,350, Self-employed, Civil Servants), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A23262

Buy Now New Year Sale

Germany Health & Medical Insurance Market Overview:

The Germany health & medical insurance market is projected to exhibit a growth rate (CAGR) of 6.2% during 2024-2032. The expansion of private health insurance, growing demand for comprehensive coverage, supportive government policies, advancements in medical technology, increasing awareness of health issues, rising healthcare costs, and growing aging population are some of the major factors driving the growth of the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	6.2%

Germany Health & Medical Insurance Market Trends:

Rising Aging Population

Germany's aging demographic increases demand for health and medical insurance, as older individuals typically require more healthcare services and coverage. According to industry reports, Germany’s population age 65 years and older is projected to grow by 41%, reaching 24 million by 2050 and accounting for nearly one-third of the total population. Meanwhile, the population aged 15 to 64 is projected to decrease by 23%, from about 53 million in 2015 to around 41 million by 2050. In Germany, the super-aged population enjoys a high healthy life expectancy, with three-quarters of individuals aged 65 and older reporting that they still feel fit.

Increasing Government Regulations and Policies

Supportive government policies and regulations, including mandatory health insurance, ensure a broad base of insured individuals, thereby bolstering the market. For instance, starting from January 1, 2024, statutory health insurance contributions in Germany increased by 0.1 percentage points. This means that health insurance contributions are now as high as 1.7%. The decision has been announced by the Federal Minister of Health, Karl Lauterbach, in a bid of the same to close the approximately €17 billion deficit which is expected in 2024. Finance Minister Christian Lindner emphasized that tax subsidies to statutory health insurance cannot be increased, leading to the necessity of this slight contribution rate rise. Lauterbach reassured that there will be no reductions in benefits and highlighted that the minimal increase is a positive step to bolster trust in social security systems. However, the 1.7% rate is not uniform across all insurance companies, as some may adjust their minimum contribution rates, according to Anne Klemm, board member of the umbrella association of company health insurance companies (BKK). Health insurance is mandatory for all residents in Germany, including foreigners. The country offers both public and private health insurance options, with public insurance available to employees below a certain income threshold and private insurance an option for higher earners or self-employed individuals.

Germany Health & Medical Insurance Market News:

In January 2024, Allianz Partners announced the launch of the Allyz mobile app, a digital platform providing travelers with trusted advice and expertise as well as access to the full suite of insurance benefits available to customers. The launch of the mobile app in France, Germany, and the Netherlands is an important milestone in the expansion of Allianz Partners' digital platform, with the rollout of new digitally accessible services to continue across all lines of business until 2024.
In June 2023, AXA rebranded its digital healthcare platform (DHP) which was launched in collaboration with Microsoft earlier, now as Healthanea. Delphine Icart, CEO of Healthanea, shares the ambition behind the new company, which wants to change the collaboration model in healthcare.

Germany Health & Medical Insurance Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, term of coverage, channel of distribution, and income level.

Product Type Insights:

Statutory Health Insurance
Private Health Insurance

The report has provided a detailed breakup and analysis of the market based on the product type. This includes statutory health insurance and private health insurance.

Term of Coverage Insights:

Short-term
Long-term

A detailed breakup and analysis of the market based on the term of coverage have also been provided in the report. This includes short-term and long-term.

Channel of Distribution Insights:

Single Tied or Insurance Group Intermediaries
Broker and Multiple Agents
Credit Institutions
Direct Selling
Others

A detailed breakup and analysis of the market based on the channel of distribution have also been provided in the report. This includes single tied or insurance group intermediaries, broker and multiple agents, credit institutions, direct selling, and others.

Income Level Insights:

Employed Annual Income < EUR 64,350
Employed Annual Income > EUR 64,350
Self-employed
Civil Servants

A detailed breakup and analysis of the market based on the income level have also been provided in the report. This includes employed annual income < EUR 64,350, employed annual income > EUR 64,350, self-employed, and civil servants.

Regional Insights:

Western Germany
Southern Germany
Eastern Germany
Northern Germany

The report has also provided a comprehensive analysis of all the major regional markets, which include Western Germany, Southern Germany, Eastern Germany, and Northern Germany.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Germany Health & Medical Insurance Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Billion US$
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Type Term of Coverage Channel of Distribution Income Level Region
Product Types Covered	Statutory Health Insurance, Private Health Insurance
Term of Coverages Covered	Short-term, Long-term
Channel of Distributions Covered	Single Tied or Insurance Group Intermediaries, Broker and Multiple Agents, Credit Institutions, Direct Selling, Others
Income Levels Covered	Employed Annual Income < EUR 64,350, Employed Annual Income > EUR 64,350, Self-employed, Civil Servants
Regions Covered	Western Germany, Southern Germany, Eastern Germany, Northern Germany
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Germany health & medical insurance market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Germany health & medical insurance market?
What is the breakup of the Germany health & medical insurance market on the basis of product type?
What is the breakup of the Germany health & medical insurance market on the basis of term of coverage?
What is the breakup of the Germany health & medical insurance market on the basis of channel of distribution?
What is the breakup of the Germany health & medical insurance market on the basis of income level?
What are the various stages in the value chain of the Germany health & medical insurance market?
What are the key driving factors and challenges in the Germany health & medical insurance?
What is the structure of the Germany health & medical insurance market and who are the key players?
What is the degree of competition in the Germany health & medical insurance market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Germany health & medical insurance market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Germany health & medical insurance market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Germany health & medical insurance industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options New Year Sale

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.