UK Private Healthcare Market Size Likely to Surpass at a CAGR of 3.4% By 2034

As per the current market research conducted by the CMI Team, the UK Private Healthcare Market size is expected to record a CAGR of 3.4% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 13.2 Billion. By 2033, the valuation is anticipated to reach USD 18.7 Billion.

UK Private Healthcare Market Growth Factors and Dynamics

• Private Healthcare: The increasing demand for private healthcare is rising primarily for two interlocking reasons: waiting times at the NHS and increased consumer preference for quicker access to a specialist. People are willing to pay more for immediate examination and treatment conducted professionally.

• Aging Population: The increasing incidence of chronic diseases and geriatric and co-morbid patients has created the need for care in the healthcare industry. Private healthcare, as an alternative, is widely considered to enable patients to avail specialized care under continuous monitoring and support, especially in the case of age-related disorders.

• Increasing Population Under Health Insurance: The increasing coverage under private health insurance is enhancing the demand for private healthcare services. High and rising employment and job creation would also benefit from the various incentives offered to employers for providing private health insurance as a benefit, thus expanding the market further.

• Partnership with the NHS: This is an opportunity as the private sector now starts gaining more partnerships with the NHS, mainly in demand management during periods of strain- potentially the impact of COVID-19. This has strengthened the position of the private sector in supplementing public healthcare and expanding its scope.

• Focus on quality and specialized services: In their positioning, private providers benchmark themselves as offering better quality care and having access to specializations; this is a beautiful aspect for upscale healthcare consumers.

UK Private Healthcare Market Partnership and Acquisitions

• In 2024, a new partnership between the NHS, academia, government, and industry was launched to accelerate clinical trials and treatment for chronic kidney disease. The partnership will support treatment development, build infrastructure, and enhance renal clinical trial delivery expertise.

Report Scope

UK Private Healthcare Market COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the UK Private Healthcare Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Resumption and expansion of services: Private providers have slowly returned to their elective procedures and continued with other services, including video consultations and follow-up care.

• Investment in digital health solutions: Given the pandemic, digital health solutions like telemedicine and remote monitoring have gained significant adoption. The investment in providing such technological platforms and improving workflow operations by providers would help to ensure that care for their patients continues and aid in the recovery of the market.

• Stronger Infection Control Measures: To better the comfort of patients and comply with health protocols, private health facilities have strengthened infection control measures. The measures include wide-ranging cleaning practices, social distancing, and increased usage of appropriate PPE for the safety of patients.

In conclusion, the COVID-19 pandemic has had a mixed impact on the UK Private Healthcare Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the UK Private Healthcare Market:

• Bupa UK
• Spire Healthcare
• HCA Healthcare UK
• Nuffield Health
• BMI Healthcare
• The London Clinic
• Ramsay Santé
• Aspen Healthcare
• Circle Health
• The Harley Street Clinic
• Private Healthcare UK
• Wellington Hospital
• King Edward VII’s Hospital
• St John & St Elizabeth Hospital
• The Portland Hospital
• Others

The UK Private Healthcare Market is segmented as follows:

By Service Type

• Primary Care
• Specialty Care
• Oncology
• Diagnostic Services
• Therapeutic Services
• Emergency Care

By Facility Type

• Hospitals
• Private Clinics
• Diagnostic Centres
• Outpatient Surgery Centres
• Rehabilitation Centres