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Published by: Key Note Publications Ltd
Published: Jun. 1, 2009 - 143 Pages
Table of Contents
- Foreword
- Executive Summary
- Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- Long-Term Care
- Acute Care
- Psychiatric Care
- Private Medical Insurance
- Primary Care
- MARKET TRENDS
- An Improved NHS Poses Challenges for Private Healthcare
- UK Recession Presents a Threat to Growth
- NHS Outsourcing Underpins the Market
- Demographic Trends Provide Opportunities in Elderly Care
- Private Sector Becomes More Cost-Conscious
- ECONOMIC TRENDS
- Population
- GDP
- Inflation
- Unemployment
- Household Disposable Income
- MARKET POSITION
- The UK
- Overseas
- Market Size
- THE TOTAL MARKET
- BY MARKET SECTOR
- Long-Term Care
- Acute Care
- Psychiatric Care
- Private Medical Insurance
- Primary Care
- Industry Background
- RECENT HISTORY
- NUMBER OF COMPANIES
- EMPLOYMENT
- REGIONAL VARIATIONS IN THE MARKETPLACE
- DISTRIBUTION
- [©Long-Term Care
- Acute Care
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- KEY TRADE ASSOCIATIONS
- Association of British Healthcare Industries
- Association of British Insurers
- British Healthcare Trades Association
- The British Medical Association
- Commercial Occupational Health Providers Association
- English Community Care Association
- Federation of Independent Practitioner Organisations
- General Medical Council
- Independent Healthcare Advisory Services
- National Pharmacy Association
- Royal College of Nursing
- Competitor Analysis
- THE MARKETPLACE
- MARKET LEADERS
- Atos Origin IT Services UK Ltd
- AXA PPP Healthcare Ltd
- Barchester Healthcare Ltd
- BUPA Care Homes (CFG) PLC
- BUPA Insurance Ltd
- Capita Health Solutions Ltd
- Care UK PLC
- Craegmoor Ltd
- Four Seasons Health Care Ltd
- HCA International
- Netcare Healthcare UK Ltd
- Nuffield Health
- Partnerships in Care Ltd
- Priory Group (Priory Investments Holdings Ltd)
- Ramsay Health Care UK Operations Ltd
- Southern Cross Healthcare Group PLC
- Spire Healthcare Ltd
- St Andrews Healthcare
- OUTSIDE SUPPLIERS
- Pharmaceutical Companies
- Medical Laboratory, Device and Equipment Companies
- MARKETING ACTIVITY
- Main Media Advertising
- Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- Buying Behaviour
- OVERVIEW
- SUMMARY OF RESULTS
- Uptake of Private Medical Insurance
- Use of Healthcare Services
- Attitudes and Concerns Towards Healthcare
- DEMOGRAPHIC ANALYSIS
- Uptake of Private Medical Insurance
- Use of Healthcare Services
- Attitudes and Concerns Towards Healthcare
- Current Issues
- NHS FUNDING AND PRIVATE ACUTE CARE
- Independent Sector Treatment Centres
- Patient Choice
- SELF-PAY AND THE PRIVATE SECTOR
- Growth in Cosmetic Treatment
- Top-Ups
- COMPETITIVE STRATEGIES IN PRIVATE MEDICAL INSURANCE
- MENTAL HEALTH OUTSOURCING — ISSUES FOR THE PRIVATE SECTOR
- DEMOGRAPHIC TRENDS IN LONG-TERM CARE FOR THE ELDERLY
- Government Response
- THE FUTURE PERFORMANCE OF THE NHS
- The Global Market
- PER CAPITA EXPENDITURE
- EXPENDITURE BREAKDOWN
- MAJOR TRENDS
- An Improving Global Health Economy?
- Demographic Shifts in the Disease Burden
- THE FUTURE
- Forecasts
- INTRODUCTION
- The Economy
- FORECASTS 2009 TO 2013
- By Market Sector
- MARKET GROWTH
- FUTURE TRENDS
- NHS to Compete Effectively With Private Healthcare
- Private Healthcare Must Differentiate Itself
- Aging Population Could Provide Opportunities
- Company Profiles
- INTRODUCTION
- DEFINITIONS
- Turnover (Sales)
- Pre-Tax Profits
- Profit Margin
- Average Remuneration
- Sales per Employee
- FURTHER INFORMATION
- AXA PPP HEALTHCARE LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- BUPA CARE HOMES (CFG) PLC
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- BUPA INSURANCE LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- CAPITA HEALTH SOLUTIONS LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- CARE PRINCIPLES LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- CARE UK PLC
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- CRAEGMOOR HEALTHCARE COMPANY LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- NUFFIELD HEALTH
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- PARTNERSHIPS IN CARE LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- RAMSAY HEALTH CARE UK OPERATIONS LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- ST ANDREW'S HEALTHCARE
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- Further Sources
- Associations
- Publications
- General Sources
- Government Publications
- Other Sources
- Key Note Sources
- Private Healthcare
- MARKET DEFINITION
- FACTORS AFFECTING THE MARKET
- MARKET TRENDS
- THE FUTURE
- Understanding TGI Data
- Number, Profile, Penetration
- Social Grade
- Standard Region
- Key Note Research
- The Key Note Range of Reports
AbstractThis Key Note Market Report examines the UK private healthcare market. Private healthcare has so far withstood the economic downturn, and, in 2008, the market grew by 5.6% to reach an estimated value of £25.81bn at current prices. Between 2004 and 2008, the value of the market increased by 29.1%, with the growth being driven by increased NHS and public outsourcing towards the private sector.
For the purposes of this report, private healthcare is split into the following sectors: long-term care (for the elderly and physically disabled); acute care; psychiatric care; private medical insurance (PMI); and primary care. These sectors are mainly funded by the NHS and local authorities, and, therefore, a large proportion of the market is dependent on government investment. This has largely been sustained, if not increased, during the 2004 to 2008 review period.
The acute care and PMI sectors are under some threat due to the recession in the UK. Acute care is currently buoyed up by government outsourcing to the private sector, but aside from this driver, self-pay revenue in acute care is currently falling, despite growing demand for non-traditional treatment such as cosmetic surgery and weight-loss surgery. PMI is already a mature market, and is experiencing falling membership rates in individual PMI. The current recession may make this subsector, along with company-paid PMI, even more vulnerable in 2009.
The market is currently facing new challenges due to the improvements that are taking place in the NHS, with many hospitals now having reduced waiting times. Some experts believe that consumers are now being deterred from using private healthcare since they recognise that NHS treatment is becoming faster and better quality. In addition, consumers are now able to take advantage of the private sector through the NHS by using the extended patient choice scheme. This came into force in April 2008, and enables patients to choose where they wish to be treated when referred to a specialist.
The future for the private healthcare market does not appear to be under threat in the long term, as it is likely that NHS performance will fluctuate and demand for more individualised and privileged treatment will remain a priority for many people. However, a period of more modest growth in all sectors is emerging, where cost-effectiveness, in comparison with public provision, will be the key to survival. Key Note forecasts that the value of the market will increase to £32.62bn in 2013 — a growth of 63.2% compared with 2004.
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