New York City, United States -- Since the COVID-19 infection flare-up in December 2019, the malady has spread to right around 100 nations around the world with the World Health Organization proclaiming it a general wellbeing crisis. The worldwide effects of the coronavirus sickness 2019 (COVID-19) are now beginning to be felt, and will essentially influence the Healthcare Industry in 2020.
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).
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- 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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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.
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.