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Uk Private Healthcare Market (1)

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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.
Uk Private Healthcare Market to Exceed US$ 321.4 Mn in 2018
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. 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.
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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.
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, and Vein Centre Limited are the key players operating in the region’s private healthcare
market. Currently, Ramsay holds the top position in the market, maintaining around 21.1% share
despite the growing competition.
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As per the report, increasing waiting times for various treatment and procedures at public healthcare
centers is prompting patients to opt for private healthcare services. This, in turn, is expected to
create lucrative market opportunities for private healthcare organizations during the forecast period.
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https://www.persistencemarketresearch.com/checkout/16030
Author
Ashutosh Sable
Ashutosh Sable4   documents Email
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