U.K private healthcare market report gives a comprehensive outlook on private healthcare services in U.K with emphasis special emphasis on the role of NHS and PMI. The report on U.K private healthcare market gives historical, current, and future market sizes (US$ Mn) on the basis of service type, specialty, and end users. This report studies U.K private healthcare market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, U.K private healthcare market report includes, number GP referrals in 2016, pricing analysis of major services, service provider share analysis and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed U.K private healthcare market to better equip clients with possible investment opportunities across the countries (Investment Hot-Spots) and market unmet needs (Service Opportunities). Key stakeholders of the U.K private healthcare market report include healthcare service providers, private healthcare providers, private insurance players, marketers, policymakers engaged in healthcare delivery.
The U.K private healthcare market estimated to be valued US$ 11.8 Bn in 2017 and poised to grow at CAGR of 2.6% over 2017 to 2023. The market for private healthcare services projected to reach US$ 13.8 Bn by 2023 due to rise in NHS waiting times and referrals to the private sector.
In recent times patients in the country increasingly preferring private healthcare services over NHS devices for elective procedures and several non-urgent services owing to rise in NHS waiting lists and packaged pricing form private healthcare providers. This is expected to fuel market revenue growth in near future. Moreover, this trend has been well capitalized by service providers by mean of offering packaged and discounted prices along with fixed consultant fees to attract the patients, which is expected to drive the market revenue growth over the forecast period.
The rise in the waiting list in recent times for several ailments in NHS is prompting patients to choose private healthcare services over NHS services. The rise in NHS waiting time more than 18 weeks for treatment is expected to bolster private healthcare market in the UK. Moreover, flexibility in GP referrals where, patients can opt for desired time, date, and hospital/clinic for consultation, which is creating a market opportunity for the players in U.K private healthcare market. According to NHS, the numbers of patients waiting for NHS services are growing in recent times.
Market players are focusing on providing package and fixed consultation charges to acquire the larger market share in U.K private healthcare market. Moreover, the market is consolidated in nature with few players holding larger revenue share in the market.
Players focusing on packages and fixed consultation charges to the patients to garner larger market opportunities.