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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
UK Private Healthcare Market: By Service Type, By Specialty, End Users, and Country
UK Private Healthcare Market size is expected to reach US$ 13.8 billion by 2026, at a CAGR of 2.6% during 2023-2029. The report gives a comprehensive outlook on private healthcare services in U.K with emphasis special emphasis on the role of NHS and PMI. 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. The decline in private medical insurance uptake in last few years and decreasing pay-out to clinics and hospitals for healthcare services by insurance providers expected to hinder market revenue growth in the midterm. Moreover, ongoing decline in inpatient and day caseload is currently hindering the market growth and relatively fewer companies offer medical benefits after retirement which could hinder market revenue growth of private healthcare market in U.K.
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.
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The uk private healthcare market size is expected to reach US$ 13.8 billion by 2026
The uk private healthcare market key players are Aspen Healthcare (A Sub. Of Tenet Healthcare) BMI Healthcare Bupa Cromwell Hospital Care UK CIRCLE HOLDINGS PLC HCA Management Services, L.P.
Ballooning Elderly Population
Key Market Players