Industry Analysis & Industry Trends
Specialist medicine is in demand due to an ageing population, an increase in lifestyle-related health conditions, growth in cosmetic procedures, the introduction of new services and procedures. Added to this has been the increase in survival rates from severe health conditions or events that also boosted demand for the industry. In addition, service prices have increased and the mix of services provided has shifted towards more expensive services. As such, the Specialist Medical Practices industry's revenue is expected to grow at an annualised 1.4% over the five years through 2012-13. The number of practitioners and the number of services provided is also estimated to have risen in line with demand for the industry's services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is expected to grow at a relatively fast pace over the 10 years through 2017-18. Industry value added is forecast to grow by 2.4% per annum over this period, while UK GDP is forecast to grow by 1.0% per annum. This means that the industry will account for a rising proportion of economic activity in the United Kingdom.
Factors contributing to industry growth will include increases in the number and range of medical services available (due mainly to new technology), the number of practitioners and income per practitioner. Demand will be promoted by the availability of free health services; new technologies; an increase in the range of services; an ageing of the population; a rise in obesity rates; and rising expectations of health outcomes among the population... purchase to read more