UK Healthcare Provider Market Analysis


  • Type: Service area
  • Published : April 2021
  • Region: Europe
  • Country: UK
  • Report ID : 2561

  • Format: PPT, PDF

UK Healthcare Provider Market: Segmented by Type (Private Medical Insurance, Healthcare Cash Plans, Dental Insurance Plans), by Term of Coverage (Short-term, Long-term), by Procurement Type (Self-pay Health Coverage, Employee-sponsored Health Coverage), Growth Analysis & Forecast, 2019 – 2028

SKU: 2561 Categories: ,

Report Overview

The UK Healthcare provider market size stood at USD xx million in 2019 and is projected to reach USD xx million by 2028, exhibiting a CAGR of 3.2% during the forecast period of 2019-2028.

Health cover has become the highest public priority. Healthcare is most frequently cited, by voters, as the most important aspect of government spending. The NHS has, thus, become a protected department, with the awareness of all political parties about NHS spending on the overall health coverage. According to the data published by the Association of British Insurers (ABI), 1.7 million people in the United Kingdom had private medical insurance (PMI).

Market Growth Drivers


  • NHS crisis, due to uncertainty around Brexit issue, led to a rise in the private health insurance sales driving up the future demand.
  • Rising disposable income and increased awareness in health coverage possibilities.
  • Patients possess greater expectations of quality healthcare.
  • Increasingly knowledgeable patients may want the best treatment, even if very expensive.


  • UK’s PHI market remains difficult, with strong competitor activity and pressures on customer affordability.
  • Prices of premiums have been increasing at rates significantly higher than general inflation for many years, which is dampening the demand.

1. UK Healthcare Provider Market Overview…….……………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………………….
A. Increasing Awareness in health coverage
B. Quality Healthcare
3. UK Healthcare Provider market trends….……….……………..…….…………
A. Cost Cutting and Value based Assessments
B. Precision therapies in the respiratory drugs market
4. Market Segmentation….………………………….…………………………
A. By Product Type
I. Private Medical Insurance (PMI)
II. Healthcare Cash Plans
III. Dental Insurance Plans
B. By Terms
I. Short-term
II. Long-term
C. By Procurement Type
I. Self-pay Health Coverage
II. Employee Sponsored Health Coverage
5. Healthcare Provider Market Share……….…………….…………….………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape……………………….……………………………………….
A. Major Players
B. Competitive Situations and Trends
7. Key Company Profiles……………………………………………….…………………
A. PT Astra Aviva Life- overview, Product & Services, Strategies & Financials
B. Axa UK PLC- overview, Product & Services, Strategies & Financials
C. Bupa Insurance Limited overview, Product & Services, Strategies & Financials
D. Prudential PLC- overview, Product & Services, Strategies & Financials
8. Healthcare Policy and Regulatory Landscape……………….…….……….…
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of Provider Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product:

Based on the product type, UK market is segmented into Private Medical Insurance, Healthcare Cash Plans, Dental Insurance Plans. Private Medical Insurance subscribers have grown by more than 2%. Total spending on the UK private medical cover, which includes insured and self-insured healthcare trusts, grew by 2.8% in 2015. Premium income generated from the sales of insured policies grew by 2.1%, leading to a rise in insurance gross margins to 26.7%, in comparison to 25.9% in 2014. In the future years, the rising taxes and Brexit may pose a tough time for private insurance providers.

Significant developments in premiums believe the underlying trends in demand. Factors driving the apparent shift in attitudes include improved levels of satisfaction with NHS, increased public healthcare spending, and deterioration in labour market conditions. The consumer shift away from private medical insurance is unlikely to be fully reversed.

By Terms:

Based on terms, UK market is segmented into Short term provider & Long-term providers. Long term constitutes of 68% of the total market while short term insurance have remaining 32% of market share.

By Procurement Type:

Based on the application, UK market is segmented into Self Pay Health Coverage and Employee Sponsored Health Coverage.

Major Players

Despite being a concentrated market, lack of competition among private hospitals has constrained insurers the bargaining power, thereby, resulting in inflated claims costs. Coupled with the reduction in customer numbers, this has been the biggest driver for premium growth, as insurers responded to the burden on profitability by raising prices for customers.

The consumer shift away from private medical insurance is unlikely to be fully reversed. Favourable forces may support a modest CAGR of 2% for gross written premiums, over the forecast period.

A recent recovery in economic growth may improve wage and employment conditions in the United Kingdom. Also, NHS reforms are expected to advance the role of private healthcare in the insurance sector. On the other hand, UK’s evolving demographic profile may increase the strain on the public healthcare system.

Bupa continues be the market leader in the UK health and medical insurance market, holding more than 50% of the market share. Its annual revenue from the health insurance business segment accounted for more than 80%. The market concentration is ‘high’, as it is dominated by four companies, namely, BUPA, Axa PPP, Aviva, and Prudential, which contributed a cumulative market share of greater than 90%.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Stage I: Market Data Collection

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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