Industry Analysis & Industry Trends
Moderate growth is the dominant trend in the UK Hospitals industry. Revenue is expected to rise at a compound annual rate of 1.3% over the five years through 2016-17, reaching an estimated £71.8 billion following an expansion of 0.8% in the current year. This growth has been stimulated by booming demand for the industry's services from an ageing, expanding population. Public expenditure on health care has necessarily risen to satisfy demand.
Through the National Health Service (NHS), the government is responsible for administering the vast majority of hospitals nationwide. As a result, the size of the government grants that finance the NHS have a dramatic effect on total industry revenue... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entering the industry are considered to be high, mainly due to the dominance of the public hospital system. The UK private hospital market is dominated by a few organisations, with the NHS the monopoly provider. The cost of building and accrediting a new hospital can be significant, and it can take time to obtain a critical mass of patients to ensure viability. Community awareness and referral relationships with medical practitioners, insurers and other hospitals must be established. There has been some consolidation in the private market, which partly reflects the availability of economies of scale in the industry.
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