Forecast: Complementary Private Health Insurance Coverage in Denmark

The coverage of complementary private health insurance in Denmark has shown a steady increase over the years, growing from 1.61 million persons in 2013 to 2.53 million in 2023. Analysis of year-on-year variations reveals fluctuations, with significant spikes in 2014 (10.5%) and 2019 (6.7%) and relatively lower growth in 2021 (0.35%). The CAGR over the last 5 years stands at 4.65%, indicating consistent healthy growth.

Looking ahead, forecast data suggests that the coverage will continue to rise, reaching 3.06 million persons by 2028. The projected 5-year CAGR is 3.03%, translating to a forecasted growth rate of 16.1% during this period. This indicates a gradual but steady increase in the uptake of private health insurance.

Future trends to watch for include:

• The impact of policy changes and regulatory reforms on the private health insurance market.
• Advancements in healthcare technology and how they affect demand for complementary coverage.
• Shifts in consumer preferences and demographics, particularly among younger populations.
• The influence of macroeconomic factors such as inflation and income levels on insurance affordability and coverage rates.