The decline in individual purchases of private medical insurance and the low reimbursements from medical insurance to doctors’ offices and hospitals will continue to hurt the U.K. Private Healthcare Market. The country also provides a comprehensive public healthcare system to all of its citizens. Public healthcare is typically funded by general taxation and is either subsidised or offered for free when necessary. The private healthcare market is expected to expand in the U.K. during the forecast period at a moderate CAGR of 2.8%, according to the most recent report from Persistence Market Research. (2017–2025).
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Some of the major trends influencing the U.K. private healthcare market under the effect of various factors are further identified in PMR’s study titled “Private Healthcare Market: U.K. Industry Analysis, 2012 – 2016 and Forecast, 2017 – 2025.” Leading private healthcare organisations in the nation are currently presenting a number of fixed packages for different operations and treatments in an effort to draw in more clients.
The emphasis now is on carefully marketing medical services to patients. To attract a larger audience, several private businesses use membership brochures for medical schemes and local media. In order to expand their service offerings, market participants are also investing in enhancing outpatient services, establishing day clinics, and adding sub-acute beds.
Care UK, King Edward VII’s Hospital, The Private Clinic, Alliance Medical, Hospital of St. John’s & St. Elizabeth, BMI Healthcare, Nuffield Health, HCA Management Services, L.P., Ramsay Health Care, Spire Healthcare Group plc., The London Clinic, Aspen Healthcare (A Sub. Of Tenet Healthcare), Bupa Cromwell Hospital, The Huntercombe Group, KIMS Hospital, 3fivetwo Group, London Welbeck Hospital, The Bournemouth Ramsay currently occupies the top spot in the industry, keeping a share of about 21.1% despite the escalating competition.
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Additional Report Excerpts Include
- Over the course of 2025, it is anticipated that demand for private acute care services, private specialist services, and private patient care services would remain higher than for other private healthcare services. Private hospitals that offer acute care services are anticipated to control more than 57% of the market’s value by the end of 2017.
- Self-pay consumers and NHS referrals are anticipated to combine account for a sizable market share in terms of revenue based on end users. The country’s need for private healthcare services is expected to grow over the next years as a result of rising out-of-pocket healthcare costs.
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