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