Private Healthcare 2011 - Market Report This Key Note Market Report examines the private healthcare market in the UK, which is based on sector definitions outlined by Laing & Buisson. It covers long-term care (for the elderly and physically disabled), acute care, psychiatric care, private medical insurance (PMI) and primary care. The UK market for private healthcare was worth an estimated £30.39bn in 2010, up by 2.9% from £29.55bn in 2009. Annual growth of the overall private healthcare market slowed markedly during recession, from in excess of 5% between 2006 and 2008 to 3.8% and 2.9% in 2009 and 2010, respectively. (http://www.bharatbook.com/market-research-reports/healthcare-market-research-report/private-healthcare-2011-market-report.html) Approximately 16% of the UK population currently has private health insurance and, unsurprisingly, penetration levels are the highest amongst those belonging to upper income groups. Consumer research commissioned by Key Note found an overwhelming majority of the UK population to be fiercely loyal towards the National Health Service (NHS), some of it no doubt on ideological grounds, but presumably also due to the large proportion of the population that are priced out of the private healthcare market. Whereas the market displayed remarkable resilience in the wake of the financial crisis and subsequent recession, certain sectors, notably private medical insurance, did feel an impact. Even companies operating in sectors that performed well struggled. This is exemplified by the case of Southern Cross, which got into difficulties as a result of a sharp rise in rental costs combined with significantly lowered revenues from the public sector. Nevertheless, Key Note expects the overall UK private healthcare market to continue to grow over the course of the next 5 years, albeit at a slower pace than previously anticipated, due to a number of economic factors, such as continued high employment rates and squeezed household disposable incomes, as well as cutbacks in funding derived from local authorities. Key Note forecasts that the total UK private healthcare market will reach £35.9bn by 2015, growing at an average annual rate of 3.4%. The long-term care market is expected to remain the largest private healthcare sector and is forecast to reach a value of £16.2bn in 2015. For more information kindly visit : http://www.bharatbook.com/market-research-reports/healthcare-market-research-report/private-healthcare-2011-market-report.html Or Contact us at : Bharat Book Bureau Ph : 09221586973 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/#!/Sandhya3B
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