Table of Contents
Key Insights
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- How has the latest Health and Social Care act impacted the provision of healthcare?
- How has the industry reacted to the CMA’s review on the market and its subsequent recommendations?
- What are the key drivers for market development?
- What has been the impact of consolidation in the industry?
- How will the private sector’s role in healthcare provision change over the coming years?
- How are companies innovating to drive growth?
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market positioning
UK Economy
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- Key points
- Overview
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- Figure 5: UK GDP, 2004-2015 Q1, (% Quarterly Growth and GDP in £ Billion)
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- Figure 6: Quarters after GDP Peak, 1979, 1990 and 2008, (Number of Quarters and GDP as % of Pre-Downturn Peak)
- Inflation
- Interest rates
- House prices
- Consumer spending
- Manufacturing
- Business investment
- Imports
- Exports
Market Factors
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- Key points
- The economy
- Corporate expenditure
- Fiscal incentives
- Employment trends
- Healthcare environment
Independent Hospital and Clinics
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- Key points
Market Size
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- Key points
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- Figure 7: UK Expenditure on Private Acute Healthcare, 2010-14, (£ Million)
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- Figure 8: UK Expenditure on Private Acute Healthcare, 2010-14, (£ Million)
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- Figure 9: Analysis of the Development of Private Acute Hospitals in the UK, 2010-14, (Number of Hospitals)
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- Figure 10: Analysis of the Development of the Number of Beds in Private Acute Hospitals in the UK, 2010-14, (Number of Beds)
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- Figure 11: Development of the Number of Beds in Private Acute Hospitals in the UK, 2010-14, (Number of Beds)
Market Segmentation
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- Key points
- Expenditure
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- Figure 12: Segmentation of Private Healthcare Expenditure, by Type, 20102014, (£ Million)
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- Figure 13: Segmentation of Private Healthcare Expenditure, by Type of Service, 2010-2014, (£ Million)
- Figure 14: Funding Source Segmentation for Acute Hospitals and Clinics, by Source, 2013 and 2014, (£ Million and % Share)
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- Figure 15: Funding Source Segmentation for Acute Hospitals and Clinics, by Source, 2014, (% of Total Value)
- Analysis by type of operator
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- Figure 16: Analysis of Private Acute Hospitals in the UK, by Type of Operator, 2014/15, (Number of Hospitals and Beds, % of Total)
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- Figure 17: Analysis of Private Acute Hospitals in the UK, by Type of Operator, 2014/15, (% of All Acute Hospitals and % of All Acute Beds)
- Regional analysis
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- Figure 18: Regional Analysis of UK Independent Acute Hospitals, 2014/15, (Number of Hospitals and Beds)
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- Figure 19: Regional Analysis of UK Independent Acute Hospitals, 2014/15, (% of Hospitals and % of Beds)
- Market share
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- Figure 20: Major Private Acute Hospital Operators, 2014/2015, (Number of Hospitals, Beds and Average Number of Beds)
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- Figure 21: Major Private Acute Hospital Operators, 2014/15, (Number of Hospitals and Average Number of Beds)
Independent Hospitals and Clinics Forecast
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- Key points
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- Figure 22: Forecast UK Expenditure on Private Acute Healthcare, 20152019, (£ Million at 2014 prices)
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- Figure 23: Forecast UK Expenditure on Private Acute Healthcare, 2015-2019, (£ Million at 2014 prices)
Company Profiles – Private Healthcare Industry
BMI Healthcare
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- Figure 24: Financial Analysis of BMI Healthcare, 2009-13, (£ 000)
- Company outlook
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Care UK
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- Figure 25: Financial Analysis of Care UK, 2010-14, (£ Million)
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- Figure 26: Revenue breakdown of Care UK, by division, 2013-14, (£ Million)
- Company outlook
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HCA International
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- Figure 27: Financial Analysis of HCA International, 2009-2013, (£ 000)
- Company outlook
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- Figure 28: Financial Analysis of Roodlane Medical, 2009-2013, (£ 000)
- Company outlook
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Nuffield Health
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- Figure 29: Financial Analysis of Nuffield Health, 2009-13, (£ 000)
- Company outlook
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Ramsay Health Care UK Operations
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- Figure 30: Financial Analysis of Ramsay Health Care UK Operations, 2010-14, (£ 000)
- Company outlook
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Spire Healthcare
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- Figure 31: Financial Analysis of Spire Healthcare, 2009-13, (£ 000)
- Company outlook
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St Martins Healthcare
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- Figure 32: Financial Analysis of St Martins Healthcare, 2009-2013, (£ 000)
- Company outlook
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Private Medical Insurance
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- Key points
- PMI Ownership and Availability
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- Figure 33: Ownership of PMI and other health and protection products, July 2014, (% of Respondents)
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- Figure 34: Proportion of employers offering selected benefits as core, March 2014, (% of Respondents)
- Market trends
Market Size
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- Figure 35: Average annual PMI premium, by Purchaser Type, 2005-14, (£)
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- Figure 36: Average Annual PMI premium, by Purchaser Type, 2005-14, (£)
- Premium and subscription growth
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- Figure 37: The UK Market for Private Medical Insurance, 2010-14, (£ Million)
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- Figure 38: Claim amounts incurred as a proportion of gross earned premiums, 2010-14, (£ Million and % Gross Margin)
- Figure 39: PMI Gross Earned Premiums, Claims Paid and Gross Margin, 2010-2014, (£ Million and % Gross Margin)
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- Figure 40: The UK PMI Market, 2010-2014, by Number of Policyholders and People Covered, (000)
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- Figure 41: The UK PMI Market, 2010-2014, by Number of Policyholders and People Covered, (000)
- Market development
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Market Segmentation
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- Key points
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- Figure 42: Segmentation of Private Medical Insurance, by policyholder type, 2010-14, (000 Subscribers and £ Million)
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- Figure 43: Segmentation of Private Medical Insurance Subscribers, 2010-2014, by Policyholder Type, (000 Subscribers)
- Figure 44: Segmentation of Private Medical Insurance Value, 2010-2014, by Market Value, (£ Million)
- Figure 45: Estimated Geographic Penetration of Private Medical Insurance, 2011-13, (% of Households and Average Weekly Spend on PMI)
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- Figure 46: Estimated Geographic Penetration of Private Medical Insurance, by Region, 2011-2013, (% of Households)
- Figure 47: Estimated Geographic Penetration of Private Medical Insurance, by Region, 2011-2013, (Average Weekly Spend)
- Figure 48: Average Weekly Household Expenditure on Medical Insurance Premiums, by Age Group, 2011-13, (£)
- Market shares
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- Figure 49: Estimated Market Share in the UK PMI Market, by Company, 2014, (% of Total Subscription Revenue)
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- Figure 50: Private Medical Insurance Market Share, by Company, 2014 (% of Total Subscription Revenue)
PMI Forecast
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- Key points
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- Figure 51: UK Market Forecast for Private Medical Insurance Subscription Income, 2015-2019, (£ Million at 2014 prices)
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- Figure 52: UK Market Forecast for Private Medical Insurance Subscription Income, 2015-2019, (£ Million at 2014 prices)
- Figure 53: UK Market Forecast for Private Medical Insurance, by Number of Policy Holders, 2015-2019, (000s of Subscribers)
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- Figure 54: UK Market Forecast for Private Medical Insurance, 2015-2019, by Number of Policy Holders, (000s of Subscribers)
Company Profiles – Private Medical Insurance Industry
Aviva Healthcare UK
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- Figure 55: Financial Analysis of Aviva Plc, 2010-14, (£ Million)
- Company outlook
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AXA PPP Healthcare
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- Figure 56: Financial Analysis of AXA PPP Healthcare, 2010-14, (£ Million)
- Company outlook
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Bupa
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- Figure 57: Financial Analysis of Bupa, 2010-14, (£ Million)
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- Figure 58: Divisional Analysis of Bupa, 2011-14, (£ Million)
- Company outlook
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PruHealth
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- Figure 59: Financial Analysis of VitalityHealth (formerly PruHealth), 2010-14, (£ Million)
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- Figure 60: Financial Analysis of Vitality Health Insurance Limited (formerly Prudential Health Insurance Limited), 2010-14, (£ Million)
- Company outlook
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Simplyhealth
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- Figure 61: Financial analysis of Simplyhealth Access, 2009-13, (£ Million)
- Company outlook
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Western Provident Association
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- Figure 62: Financial analysis of Western Provident Association, 2009-13, (£ 000)
- Company outlook
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The Consumer – Last Private Healthcare Visit
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- Key points
- Nearly 70% of consumers have never used a private healthcare service
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- Figure 63: Private Healthcare Use, by Time Passed since Last Visit, April 2015, (% of Respondents)
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- Figure 64: Private Healthcare Use, by Time Passed since Last Visit, April 2015, (% of Respondents)
- The middle aged are least likely to have used a private healthcare service
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- Figure 65: Private Healthcare Use, by Time of Last Visit and by Age and Gender, April 2015, (% of Respondents)
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- Figure 66: Private Healthcare Use by Males, by Time of Last Visit and by Age, April 2015, (% of Respondents)
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- Figure 67: Private Healthcare Use by Females, by Time of Last Visit and by Age, April 2015, (% of Respondents)
The Consumer – Usage Factors
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- Key points
- Private services are first in queue
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- Figure 68: Private Healthcare Usage Factors, April 2015, (% of Respondents)
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- Figure 69: Private Healthcare Usage Factors, by Most Important Factor, April 2015, (% of Respondents)
- Consumers willing to pay for quicker treatment
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- Figure 70: Private Healthcare Usage Factors, by Age, April 2015, (% of Respondents)
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- Figure 71: Private Healthcare Usage Factors, by Most Important Factor and by Age, April 2015, (% of Respondents)
The Consumer – Usage Barriers
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- Key points
- Initial treatment costs provide main barrier to demand
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- Figure 72: Private Healthcare Service Barriers, April 2015, (% of Respondents)
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- Figure 73: Private Healthcare Service Barriers, by Most Significant Barrier, April 2015, (% of Respondents)
- Consumers satisfied with NHS care and cost
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- Figure 74: Private Healthcare Deterrents, by Age, April 2015, (% of Respondents)
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- Figure 75: Private Healthcare Deterrents, by Most Significant Barrier and by Age, April 2015, (% of Respondents)
The Consumer – Health Insurance Cover
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- Key points
- Market in need of an injection
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- Figure 76: Private Health Insurance Coverage, April 2015, (% of Respondents)
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- Figure 77: Private Health Insurance Coverage, April 2015, (% of Respondents)
- Live fast, insure young
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- Figure 78: Private Health Insurance Coverage, by Age and Gender, April 2015, (% of Respondents)
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- Figure 79: Private Insurance Coverage of Males, by Age, April 2015, (% of Respondents)
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- Figure 80: Private Insurance Coverage of Females, by Age, April 2015, (% of Respondents)
The Consumer – Health Insurance Purchase Factors
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- Key points
- Access to additional services drives demand
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- Figure 81: Private Health Insurance Purchase Factors, April 2015, (% of Respondents)
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- Figure 82: Private Health Insurance Purchase Factors, April 2015, (% of Respondents)
- Purchase factors change according to payment method
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- Figure 83: Private Health Insurance Purchase Factors, by PMI payment method, April 2015, (% of Respondents)
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- Figure 84: Private Health Insurance Purchase Factors, by PMI payment method, April 2015, (% of Respondents)
Further Sources and Contacts
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- Trade associations
- Association of British Insurers
- Association of Independent Healthcare Organisations (AIHO)
- Association of Medical Insurers and Intermediaries (AMII)
- British Healthcare Trades Association (BHTA)
- English Community Care Association
- Trade magazines
- Caring UK
- Community Care
- Cover
- Health Business
- Health Insurance & Protection
- Health Service Journal
- Hospital Bulletin
- Hospital Management/Hospital Services/Infection Control
- Inside Private Health
- Trade exhibitions
- Health and Care Innovation Expo 2015
- Healthcare Efficiency Through Technology (HETT) Expo
- HEI Birmingham/Bristol/Dublin/London/Manchester 2015
- The International Exhibition for European Medical Device Manufacturers
- Safety & Health Expo
- The Procurement Event for Health
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