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 Analysis Chapter
Operating conditions have been challenging over the past five years. The strain on public and private health-care expenditure, especially on costly specialist care, has limited industry revenue growth. However, demographic trends have ensured that demand for industry services remains high. Consistent demand has maintained revenue growth. Industry revenue is expected to expand at a compound annual rate of 1.1% over the five years through 2016-17. Specialist medical practices are expected to register revenue of £9.6 billion at the close of 2016-17, an increase of 1% on the previous year.
An ageing, growing population is responsible for rising demand for health-care services, including specialist medical services. The.. purchase to read more