Thursday, September 1, 2011

UK private healthcare market to grow 3.4% hitting ... - My Company PR


According to the report Private Healthcare: UK Market Report 2011 the UK market for private healthcare was worth approximately ?30.39bn in 2010. Yearly growth of the overall private healthcare market largely slowed during recession, from in excess of 5% between 2006 and 2008 to 3.8% and 2.9% in 2009 and 2010, respectively.

Approximately 16% of the UK population currently has private health insurance and penetration levels are the highest among upper class groups. Consumer research commissioned by the report found a large majority of the UK population to be fiercely loyal towards the National Health Service (NHS), some of it no doubt on ideological grounds, but presumably also due to the large proportion of the population that are priced out of the private healthcare market.

The 129 page report forecasts that the totalUKprivate healthcare market will reach ?35.9bn by 2015, growing at an average annual rate of 3.4%. The long-term care market is expected to remain the largest private healthcare sector and is forecast to reach a value of ?16.2bn in 2015.

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Source: http://www.mycompanypr.com/uk-private-healthcare-market-to-grow-3-4-hitting-35-9bn-by-2015/pr/12990/

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