U.K private healthcare market report gives comprehensive outlook on private healthcare services in U.K with emphasis special emphasis on role of NHS and PMIs. 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. The U.K private healthcare market estimated to be valued US$ 11.8 Bn in 2018 and poised to grow at CAGR of 2.6% over 2019 to 2025. Market for private healthcare services projected to reach US$ 13.8 Bn by 2025 due to rise in NHS waiting times and referrals to the private sector.
U.K PRIVATE HEALTHCARE MARKET REPORT DESCRIPTION:
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 market report include healthcare service providers, private healthcare providers, private insurance players, marketers, policymakers engaged in healthcare delivery.
Rise in self-pay individuals coupled with overseas patients expected to fuel market growth
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.
A rise in NHS waiting list and e-Referrals from GPs driving market growth
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.
Mute in growth of PMI expected to hinder market revenue growth
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
Competition Assessment
KEY PLAYERS PROFILED IN THE REPORT INCLUDE:
Aspen Healthcare (A Sub. Of Tenet Healthcare)
BMI Healthcare
Bupa Cromwell Hospital
Care UK
CIRCLE HOLDINGS PLC
HCA Management Services, L.P.
Nuffield Health
Ramsay Health Care
Spire Healthcare Group Plc.
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.
Key Findings of the Report:
U.K private healthcare market expanding at 2.6% CAGR over 2017 to 2023 to reach market value of US$ 13.8 Bn by 2023 owing to rising NHS waiting lists
Based on service type private acute care hospitals accounted for larger market share in 2016 and projected to remain dominant over the forecast period
Self-pay Individuals end-user segment accounted for larger market revenue share in 2016 and projected to remain dominant over the forecast period due to rise in out-of-pocket healthcare service expenditure
Players focusing on packages and fixed consultation charges to the patients to garner larger market opportunities.
Key Features of the Report:
The report provides granular level information about the market size, market share, historic market (2012-2016) and forecast (2017-2023)
The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The report tracks recent innovations, key developments and startup’s details that are actively working in the market
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Service Type
Private Acute Care Hospitals
Private Patient Care Clinics
Private Specialist Services
Private Diagnostics and Imaging Centers
Private Urgent Care Centers
Others
By Specialty
Trauma and Orthopedics
General Surgery
Oncology
Maternity and OB-Gyn
Cardiology
Urology
Others
By End Users
International Tourists
NHS Referrals & PMI
Self-pay Individuals
By Country
U.K
1. Research Methodology
1.1. Secondary and Primary research
1.1.1. Secondary Sources
1.1.2. Primary Sources
1.2. Market Revenue Estimation Methodology
1.3. Key Assumptions
1.4. Acronyms
2. Scope of Study
2.1. Market Definition
2.2. Objective of the Research
2.3. Regions covered in the study
3. Executive summary
4. U.K Private Healthcare Market Dynamics
4.1. Drivers
4.1.1. Economic Drivers
4.1.2. Demand Side Drivers
4.1.3. Supply Side Drivers
4.2. Restraints
4.3. Opportunities/Unmet Needs of the Market
4.4. Trends
5. Unique Features of the Report
5.1. Competition analysis
5.2. Regulatory landscape
5.3. PESTLE analysis
5.4. Porter’s analysis
6. U.K Private Healthcare Market Analysis, By Service Type, 2014 - 2018 and Forecast, 2019 - 2025
6.1. Private Acute Care Hospitals
6.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
6.2. Private Patient Care Clinics
6.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
6.3. Private Specialist Services
6.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
6.4. Private Diagnostics and Imaging Centers
6.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
6.5. Private Urgent Care Centers
6.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
6.6. Others
6.6.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7. U.K Private Healthcare Market Forecast, By Specialty Type Analysis, 2014 - 2018 and Forecast, 2019 - 2025
7.1. Trauma and Orthopedics
7.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7.2. General Surgery
7.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7.3. Oncology
7.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7.4. Maternity and OB-Gyn
7.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7.5. Cardiology
7.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7.6. Urology
7.6.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
7.7. Others
7.7.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
8. U.K Private Healthcare Market Forecast, By End User Analysis, 2014 - 2018 and Forecast, 2019 - 2025
8.1. International Tourists
8.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
8.2. NHS Referrals & PMI
8.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
8.3. Self-pay Individuals
8.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025(Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
9. Competition Landscape
9.1. Strategic Dashboard of Top Market Players
9.2. Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
9.2.1. Aspen Healthcare (A Sub. Of Tenet Healthcare)
9.2.2. BMI Healthcare
9.2.3. Bupa Cromwell Hospital
9.2.4. Care UK
9.2.5. CIRCLE HOLDINGS PLC
9.2.6. HCA Management Services, L.P.
9.2.7. Nuffield Health
9.2.8. Ramsay Health Care
9.2.9. Spire Healthcare Group plc.
Research Methodology
It is a well-organized procedure to carry out research. We at Market Growth Insight follow global, all-inclusive & iterative research methodology to develop our research reports. We are using both the top down as well as bottom-up approaches for partitioning and evaluating the significant aspects of the market.
It is a systematic & strategic approach for conducting a market study. Our market research methodology is based on the concept that gives a detailed description of the factors behind an observation. Let us see the detailed market research methodology.
Primary Data Research
It is the very basic stage of research the raw data is obtained and collected on a boarded front.Data is constantly filtered to ensure that only validated and authenticated sources are considered. Moreover,information is also mined from a large group of reports in our vault, as well as various reputed paid databases. It is necessary to understand the entire value chain and in order to facilitate this; we gather information from raw material suppliers, distributors as well as buyers, for extensive knowledge of the market.
The technical issues and trends are acquired from reviews, technical discussion and trade journals. Moreover, the technical data is also accumulated from intellectual property prospective, focusing on a void area and freedom of movement. The industry elements regarding drivers, restraints, pricing trends are also collected. Subsequently, the material developed contains a wide range of original and unique information that is then further cross-validated and authenticated with published sources.
Statistical Model
Simulation models are responsible to estimate and forecast our market, and for each research, a unique model is created and customized. The data accumulated for market dynamics, innovation scene, application improvement, estimating trends is delivered into the model and analyzedsimultaneously. These components are examined on a comparative basis, and their impact on the figure of the frame is measured with the assistance of correlation, regression and time series investigation. Forecasting of the market is performed through the consolidation of economic tools, innovative examination, and industry experience along with domain expertise. Generally, economic models are utilized for short-termforecasting, technological market models are used for long-term forecasting of a market. These are based on an amalgamation of technology innovation, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to the market estimation is preferred, with key regional markets analyzed as separate entities and integration of information to get a worldwide evaluation. This is very critical for a deep knowledge of the business as well as ensuring negligible mistakes. Below mentioned are some of the parameters are considered for forecasting
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory situation and expected developments
Current capacity and expected capacity additions up to 2025
Market driving organizations
The key targets of essential research are as per the following
To approve our information as far as exactness and adequacy
To pick up an understanding of the present market and future desires
We dole out weights to these parameters and evaluate their market effect utilizing weighted normal examination, to infer a normal market development rate.
This is the last advance in assessing and anticipating for our reports. Thorough essential meetings are led, on up close and personal and additionally via telephone to approve our discoveries and suppositions used to get them. Interviewees are drawn closer from driving organizations over the esteem chain including providers, innovation suppliers, area specialists,and purchasers in order to guarantee an all-encompassing and fair photo of the market. Essential meetings help in information approval, as well as give basic bits of knowledge into the market, current business situation and future desires and upgrade the nature of our reports. Every one of our assessments and figure is checked through comprehensive essential research with Key Industry Participants (KIPs) which ordinarily include:
Preliminary Investigation
This is the closing phase in estimating and forecasting for our reports. In this stage face to face and telephonic exhaustive interviews are conducted to validate our conclusion and assumptions used to obtain the final data. The leading companies across the value chain including suppliers, technology providers, domain experts,and purchasers are approaching the interviewees to ensure a holistic and unbiased view of the market. These interviews are led over the world, with language boundaries defeat with the guide of local staff and translators. Primary interviews in information validation as well as give critical insights into the market, current business outline and future expectations upgrade the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants include
Leading market organizations
The key targets of primary research are as per the following:
To validate our data as far as exactness and adequacy
To pick up an understanding into the present market and future desires
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