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Specialist Medical Practices in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Specialist Medical Practices Market Research Report | SIC Q86.220 | Oct 2016

Well practised: Despite budgetary constraints burgeoning demand has supported revenue

IBISWorld’s Specialist Medical Practices market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£10bn
Annual Growth 12-17
1.1%
Annual Growth 17-22
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Profit
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Employment
106,351
Businesses
29,412
Industry Analysis & Industry Trends

The Specialist Medical Practices industry provides medical consultation and treatment via specialist practitioners and surgeons. Typically, specialist treatment is obtained through a referral from a general practitioner (GP). The ageing of the population has supported sustained demand for specialist medical services, as natural bodily decline causes health problems for an increasing number of Britons. This has placed growing pressure on health-care services. As British health care is overwhelmingly funded by the government, the government's budgetary allocations to the NHS have a significant effect on industry revenue. During the past five years, the government has sought to limit public spending increases... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is expected to grow over the 10 years through 2021-22. Industry value added, which measures the industry's contribution to the wider economy, is forecast to expand at a compound annual rate of 1.5% over this period. Comparatively UK GDP is forecast to grow at a compound annual rate of 2.3% over the same period. This suggests that the industry's contribution to the wider economy will recede over the decade and might be taken as indicative of industry maturity. However, demand for industry services remains buoyant and operating revenue would likely exceed current levels were it not for public sector interference in the form of the NHS.

Other factors contributing to industry growth include forecast increases in the number and range of medical services available. Thi.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Specialist Medical Practices Industry?

This industry includes medical consultation and treatment in the field of specialised medicine by medical specialists and surgeons. It also includes family planning centres that provide medical treatment such as sterilisation and termination of pregnancy, without accommodation.

Industry Products
General remedial treatmentSurgical proceduresAnaestheticsPathologyPaediatrics, obstetrics and gynaecology
 
Industry Activities
Provision of specialist medical servicesfamily planning centres without accommodation


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