Private Health Insurance Market: Trauma and Orthopedics Segment Anticipated to be the Second Most Lucrative Segment During 2022 –2031
The decline in individual purchases of private medical insurance and low medical cover pay-outs to clinics and hospitals will continue to negatively impact the U.K. private healthcare market. Besides, the country has a well-defined public healthcare structure for its permanent residents.
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At the point of need, public healthcare coverage is subsidized or offered completely free and is usually paid through general taxation. Persistence Market Research in its latest study reveals that the U.K. private healthcare market is set to expand at a sluggish 2.8% CAGR during the forecast period (2017–2025).
In addition, this market is anticipated to represents an absolute $ opportunity of US$ 321.4 Mn in 2018 over 2017. According to PMR findings, the U.K’s private healthcare sector is much smaller than the public sector. However, a rise in self-pay elective procedures and introduction of attractive packaged pricing is expected to support the country’s private healthcare sector in the near future.
Company Profiles:
- Hospital of St. John’s & St. Elizabeth
- Care UK
- CIRCLE HOLDINGS PLC
- 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 Private Clinic Limited
- Alliance Medical
- King Edward VII’s Hospital
- The Private Clinic
- Vein Centre Limited
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PMR’s report titled “Private Healthcare Market: U.K. Industry Analysis, 2012 – 2016 and Forecast, 2017 – 2025” further identifies some of the key trends governing the U.K.’s private healthcare market under the influence of multiple factors. Leading private healthcare providers in the country are now offering several fixed packages for various procedures and treatments in an attempt to lure more patients.
The focus has shifted toward a more meticulous marketing of medical services to patients. Some of the private companies are using local media and medical scheme membership brochures to reach out to more number of people. Market players are also investing in improving out-patient services, setting up day clinics and sub-acute beds in order to increase their services offerings.
Additional Excerpts of the Report Include:
The demand for private acute care services, private specialist services, and private patient care services is projected to remain higher as compared to other private healthcare services over 2025. By 2017-end, private hospitals that provide acute care services are expected to account for more than 57% value share of the market.
Based on end-users, self-pay individuals and NHS referrals are expected to collectively account for a massive market share in terms of revenue. Over the next couple of years, increasing out-of-pocket spending on healthcare expenses is projected to create further demand for private healthcare services in the country.
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Key Questions Answered in This Report.
- What are the Roadblocks for Private Health Insurance Market Suppliers?
- What are the Key Opportunities for Private Health Insurance Market Manufacturers?
- How is Focus on Safety Influencing Private Health Insurance Market Demand?
- What is the Regulatory Impact on Global Sales of Private Health Insurance Market?
- Which Region Offers the Largest Opportunity for Sales of Private Health Insurance Market?
- Where Does the U.S. Stand in the Market for Private Health Insurance Market?
- What Is the Outlook for Private Health Insurance Market Manufacturers in China?
- Why is Germany a Lucrative Market for Private Health Insurance Market Manufacturers?
- Why Will Belgium Outpace Other European Markets for Private Health Insurance Market?
- Why is There High Demand for Tires in Private Health Insurance Market?
- Why are Sales of Private Health Insurance Market Surging?
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Published Mon, 28 Nov 2022 20:27:00 -0600
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