The France health insurance market size is anticipated to reach USD 284.2 billion by 2030. The market is expected to expand at a CAGR of 4.91% from 2023 to 2030. Robust government support, increasing health insurance awareness, and high disposable income are major factors driving the health insurance market in France. The government of France supports the health insurance market by offering a universal healthcare system, and the private and public health insurance sector complements it.
The increasing adoption of private health insurance in the country is a major factor driving the market growth. According to the European Observatory on Health Systems and Policies, about 95% of people have access to voluntary health insurance (VHI), with 10.5% of people receiving means-tested subsidies and 8% of lower-income people receiving full subsidies.Private health insurance minimizes out-of-pocket expenses for medical treatment by essentially providing first-Euro coverage for medical services and prescription medications. Additionally, more comprehensive contracts considerably lower the price of commodities like eyeglasses, contact lenses, and dental procedures. Several studies suggest that the use of health care in France is strongly impacted by complementary health insurance.
Furthermore, increasing healthcare costs and the aging population in the country are some of the factors boosting the demand for health insurance. According to the World Data Atlas, in France, there were 21.7% of people 65 and over in 2022. The population over 65 is expanding at an average yearly rate of 1.01%. Aging increases the risk of chronic diseases such as heart disease, dementia, arthritis, type 2 diabetes, and cancer. Thus, the aging population in the country is increasing the demand for health insurance as the elderly require more medical treatment and care.
To increase the adoption of their private insurance plans in the country, major private companies in the France health insurance industry also engage in a number of strategic efforts, including the introduction of new policies, collaborations, mergers, and acquisitions. For instance, in February 2022, Alan announced that it is growing its business in two separate ways: first, the company decided to sell its infrastructure and tech stack to other insurance firms, and second, it wants to add new services to make its insurance app into a health super app.With this new initiative, known as Alan-as-a-service, Alan essentially offers all of the services essential to manage health insurance in France.
The increasing adoption of private health insurance in the country is a major factor driving the market growth. According to the European Observatory on Health Systems and Policies, about 95% of people have access to voluntary health insurance (VHI), with 10.5% of people receiving means-tested subsidies and 8% of lower-income people receiving full subsidies.Private health insurance minimizes out-of-pocket expenses for medical treatment by essentially providing first-Euro coverage for medical services and prescription medications. Additionally, more comprehensive contracts considerably lower the price of commodities like eyeglasses, contact lenses, and dental procedures. Several studies suggest that the use of health care in France is strongly impacted by complementary health insurance.
Furthermore, increasing healthcare costs and the aging population in the country are some of the factors boosting the demand for health insurance. According to the World Data Atlas, in France, there were 21.7% of people 65 and over in 2022. The population over 65 is expanding at an average yearly rate of 1.01%. Aging increases the risk of chronic diseases such as heart disease, dementia, arthritis, type 2 diabetes, and cancer. Thus, the aging population in the country is increasing the demand for health insurance as the elderly require more medical treatment and care.
To increase the adoption of their private insurance plans in the country, major private companies in the France health insurance industry also engage in a number of strategic efforts, including the introduction of new policies, collaborations, mergers, and acquisitions. For instance, in February 2022, Alan announced that it is growing its business in two separate ways: first, the company decided to sell its infrastructure and tech stack to other insurance firms, and second, it wants to add new services to make its insurance app into a health super app.With this new initiative, known as Alan-as-a-service, Alan essentially offers all of the services essential to manage health insurance in France.
France Health Insurance Market Report Highlights
- Based on distribution area, the urban area segment held the highest revenue share of over 79% in 2022. This is attributed to better access to healthcare facilities, higher income, and high prevalence of chronic diseases such as cancer, heart diseases, and others
- By type of insurance provider, public health insurance dominated the market. This is attributed to the country runs a statutory health insurance system offering universal coverage. National health insurance covers around 70% of essential medical costs
- Private sector insurers segment is expected to showcase a significant share of the insurance type segment during the forecast period owing to the rising healthcare costs
- Bancassurance network dominated the market and is expected to retain dominance over the forecast period. Bancassurance network offers advantages such as- it offers the end users a customized insurance result, a short time of product innovation, and others
- 65 years and over age group dominated the market with a revenue share of 28.00% in 2022. This age group is more susceptible to developing health issues and the need for medical attention, which increases the demand for more expensive health insurance coverage
Table of Contents
Chapter 1 France Health Insurance Market: Methodology And Scope1.1 Market Segmentation
1.1.1 Segment Scope
1.1.2 Country Scope
1.1.3 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.1.2 Approach 2: Country-wise Market Estimation Using Bottom-Up Approach
1.6.1.3 Approach 2: Country-Wise Market Estimation Using Top-Down Approach
1.7 Country Market: CAGR Calculation
1.8 List Of Secondary Sources
1.9 Objectives
1.9.1 Objective 1:
1.9.2 Objective 2:
1.10 List of Abbreviations
Chapter 2 France Health Insurance Market: Executive Summary
2.1 France Health Insurance: Market Outlook
2.2.1 Segment Outlook
2.2.2 Market Summary, 2022 (USD Billion)
Chapter 3 France Health Insurance Market: Industry Outlook
3.1 Market Lineage Outlook
3.1.1 Parent Market Lineage Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Increasing adoption of private health insurance
3.3.1.2 Risining aging population
3.3.1.3 Technological Innovations such as E-health development
3.3.2 Market restraint Analysis
3.3.2.1 An increasingly complex and regulated environment
3.4 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
3.5 Industry Analysis - Porter’s
3.6 Major Deals & Strategic Alliances
3.6.1 New Product Launch
3.6.2 Acquisition
3.6.3 Expansion
3.6.4 Partnerships
3.6.5 Marketing & Promotions
Chapter 4 France Health Insurance Market: Private Insurers Competitive Landscape
4.1 Recent developments & impact analysis, by key market participants
4.1.1 Ansoff Matrix
4.2 Company Categorization
4.2.1 Innovators
4.2.1.1 Market Differentiators
4,3 Private Companies
4.3.1 List Of Key Emerging Companies
Chapter 5 France Health Insurance Market: Type of Insurance Provider Business Analysis
5.1 France Health Insurance Market: Type of Insurance Provider Movement Analysis
5.2 Public Sector Insurance
5.2.1 Public sector insurance market estimates and forecast, 2018 - 2030 (Billion)
5.3 Private Sector Insurance
5.3.1 Private sector insurance market estimates and forecast, 2018 - 2030 (Billion)
5.3.1.1 Bancassurance network
5.3.1.1.1 Bancassurance network insurance market estimates and forecast, 2018 - 2030 (Billion)
5.3.1.2 Employees
5.3.1.2.1 Employees insurance market estimates and forecast, 2018 - 2030 (Billion)
5.3.1.3 Brokers
5.3.1.3.1 Brokers insurance market estimates and forecast, 2018 - 2030 (Billion)
5.3.1.4 General agent
5.3.1.4.1 General agent insurance market estimates and forecast, 2018 - 2030 (Billion)
5.3.1.5 Other Modes
5.3.1.5.1 Other modes insurance market estimates and forecast, 2018 - 2030 (Billion)
Chapter 6 France Health Insurance Market: Age Group Business Analysis
6.1 France Health Insurance Market: Age Group Movement Analysis
6.2 0-14 years
6.2.1 0-14 years insurance market estimates and forecast, 2018 - 2030 (Billion)
6.3 15-24 years
6.3.1 15-24 years insurance market estimates and forecast, 2018 - 2030 (Billion)
6.4 25-54 years
6.4.1 25-54 years insurance market estimates and forecast, 2018 - 2030 (Billion)
6.5 55-64 years
6.5.1 55-64 years insurance market estimates and forecast, 2018 - 2030 (Billion)
6.6 65 years and over
6.6.1 65 years and over insurance market estimates and forecast, 2018 - 2030 (Billion)
Chapter 7 France Health Insurance Market: Area Business Analysis
7.1 France Health Insurance Market: Area Movement Analysis
7.2 Urban
7.2.1 Urban insurance market estimates and forecast, 2018 - 2030 (Billion)
7.3 Rural
7.3.1 Rural insurance market estimates and forecast, 2018 - 2030 (Billion)
Chapter 8 France Health Insurance Market: Private Insurance Company Profiling
8.1 Company Profiles
8.1.1 AXA
8.1.1.1 Company overview
8.1.1.2 Financial performance
8.1.1.3 Product benchmarking
8.1.1.4 Strategic initiatives
8.1.2 Allianz
8.1.2.1 Company overview
8.1.2.2 Financial performance
8.1.2.3 Product benchmarking
8.1.2.4 Strategic initiatives
8.1.3 Crédit Agricole Assurances
8.1.3.1 Company overview
8.1.3.2 Financial performance
8.1.3.3 Product benchmarking
8.1.3.4 Strategic initiatives
8.1.4 CNP Assurances
8.1.4.1 Company overview
8.1.4.2 Financial performance
8.1.4.3 Product benchmarking
8.1.4.4 Strategic initiatives
8.1.5 BNP Paribas Cardif
8.1.5.1 Company overview
8.1.5.2 Financial performance
8.1.5.3 Product benchmarking
8.1.5.4 Strategic initiatives
8.1.6 Generali
8.1.6.1 Company overview
8.1.6.2 Financial performance
8.1.6.3 Product benchmarking
8.1.6.4 Strategic initiatives
8.1.7 Natixis Assurances
8.1.7.1 Company overview
8.1.7.2 Financial performance
8.1.7.3 Product benchmarking
8.1.7.4 Strategic initiatives
8.1.8 Assurances du Credit Mutuel
8.1.8.1 Company overview
8.1.8.2 Financial performance
8.1.8.3 Product benchmarking
8.1.8.4 Strategic initiatives
8.1.9 SGAM AG2R La Mondiale
8.1.9.1 Company overview
8.1.9.2 Financial performance
8.1.9.4 Strategic initiatives
8.1.10 Crédit Agricole Assurances
8.1.8.1 Company overview
8.1.8.2 Financial performance
8.1.8.3 Product benchmarking
8.1.8.4 Strategic initiatives
8.2 List of Other Key Players
List of Tables
Table 1 List of Secondary Sources
TABLE 2 List of Abbreviations
TABLE 3 France Health Insurance Market by Age Group, 2018 - 2030 (USD Billion)
TABLE 4 France Health Insurance Market by Area, 2018 - 2030 (USD Billion)
TABLE 5 France Health Insurance Market by Type of Insurance Provider, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Information Procurement
FIG. 2 Primary Research Pattern
FIG. 3 Market Research Approaches
FIG. 4 Value Chain-Based Sizing & Forecasting
FIG. 5 Market Formulation & Validation
FIG. 6 Health Insurance Market, Market Segmentation
FIG. 7 Market Driver Relevance Analysis (Current & Future Impact)
FIG. 8 Market Restraint Relevance Analysis (Current & Future Impact)
FIG. 9 Market Challenge Relevance Analysis (Current & Future Impact)
FIG. 10 Penetration & Growth Prospect Mapping
FIG. 11 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
FIG. 12 Porter’s Five Forces Analysis
FIG. 13 Market Penetration Vs Growth Prospect Mapping, 2021
FIG. 14 Regional Marketplace: Key Takeaways
FIG. 15 France Health Insurance Market for Urban, 2018 - 2030 (USD Billion)
FIG. 16 France Health Insurance Market for Rural, 2018 - 2030 (USD Billion)
FIG. 17 France Health Insurance Market for Public Sector Insurers, 2018 - 2030 (USD Billion)
FIG. 18 France Health Insurance Market for Private Sector Insurers, 2018 - 2030 (USD Billion)
FIG. 19 France Health Insurance Market for Bancassurance Network, 2018 - 2030 (USD Billion)
FIG. 20 France Health Insurance Market for Employees, 2018 - 2030 (USD Billion)
FIG. 21 France Health Insurance Market for Brokers, 2018 - 2030 (USD Billion)
FIG. 22 France Health Insurance Market for General Agent, 2018 - 2030 (USD Billion)
FIG. 23 France Health Insurance Market for Other Modes, 2018 - 2030 (USD Billion)
FIG. 24 France Health Insurance Market for 0-14 years, 2018 - 2030 (USD Billion)
FIG. 25 France Health Insurance Market for 15-24 years, 2018 - 2030 (USD Billion)
FIG. 26 France Health Insurance Market for 25-54 years, 2018 - 2030 (USD Billion)
FIG. 27 France Health Insurance Market for 55-64 years, 2018 - 2030 (USD Billion)
FIG. 28 France Health Insurance Market for 65 years and over, 2018 - 2030 (USD Billion)
Companies Mentioned
- AXA
- Allianz
- Crédit Agricole Assurances
- CNP Assurances
- BNP Paribas Cardif
- Generali
- Natixis Assurances
- Assurances du Credit Mutuel
- SGAM AG2R La Mondiale
- Crédit Agricole Assurances
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 195.6 Billion |
| Forecasted Market Value ( USD | $ 284.2 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | France |
| No. of Companies Mentioned | 10 |
