Dublin, Aug. 03, 2023 (GLOBE NEWSWIRE) -- The "Private Healthcare Self-Pay UK Market Report: Fifth Edition" report has been added to ResearchAndMarkets.com's offering.
For those invested in the private outpatient and inpatient healthcare sector, this comprehensive report is a must-read.
Designed to cater to service providers, suppliers, advisors, investors, and insurers operating within this burgeoning market, the report provides invaluable insights and future projections for the years ahead.
Despite the challenges posed by factors like staffing and resource allocation, the market has shown remarkable growth in patients opting for private care. Indications suggest that the self-pay market will continue to expand, prompting providers to strategize and cater to diverse patient needs to capitalize on this burgeoning interest and convert it into actual demand.
In addition, some NHS Trusts are beginning to provide wider availability of information and procedure prices in an attempt to recover NHS private patient revenues. However, this varies depending on geography, the existence of dedicated private patient beds, and local pressures. This begs the question: Are NHS Private Patient Units (PPUs) missing this opportunity to compete within the independent sector?
The report includes future projections for the subsequent years and explores the influential factors. Whilst the market has shown increasing volumes of growth for patients paying to receive private care, factors such as staffing and resourcing make estimates more difficult. However, all indicators are that the self-pay market will continue to grow but providers must be prepared to effectively target varied patient needs to convert this interest into demand.
What the report covers
- Market
- Market research and analysis
- Market insight from leading providers
- Price comparisons
- Major provider scheme and finance options
- The patient perspective
- The future of self-pay
- Appendices
Glossary
Regulators
Trade Associations
Major independent sector healthcare providers
Private providers details pricing and comparisons
Who is the report for
- Hospital & Clinic C-suite Professionals
- Specialist Acute Medical Care Providers
- Private Medical Insurance Groups
- Clinical Commissioning Groups
- NHS Foundation Trusts
- Investors
- Banks
- Private Equity
- Central & Local Government
- Think Tanks
- Lawyers
- Management Consultants
Key Topics Covered:
Executive Summary and Highlights
EXECUTIVE SUMMARY AND HIGHLIGHTS 1
1. THE RESEARCH IN CONTEXT
1.1 Recent trends in private healthcare
1.2 Provider market shares
1.3 Recent trends in the insured market
1.4 Private practice fee income
1.5 Overview of the UK self-pay market
1.5.1 The regional picture
1.6 The cosmetic surgery market
1.6.1 Cosmetic surgery key findings
1.6.2 Cosmetic surgery growth drivers
1.6.3 Hair restoration surgery
1.6.4 International medical travel
1.6.5 Marketing cosmetic surgery
1.6.6 UK comparison with global trends in cosmetic surgery
1.6.7 The gender difference
1.6.8 Cosmetic surgery demand and supply including regional variation
2. MARKET
2.1 The role of the private medical insurers
2.2 The role of the NHS
2.3 Moves by major acute providers and others
2.4 The role of third-party administrators
2.5 The role of finance providers
2.6 Regulation and oversight
2.6.1 Care Quality Commission developments for independent acute hospitals and clinics
2.6.1.1 The CQC and the cosmetic market
2.6.1.2 CQC review of cosmetic providers 2019
3. SURVEY AND RESEARCH ANALYSIS
3.1 Survey feedback and responses: SurveyMonkey
3.1.1 What percentage of your total admissions (inpatient and day case) is self-pay?
3.1.2 Movement in the percentage of self-pay admissions over the last 12 months
3.1.3 What factors have affected the number of self-pay admissions during 2022?
3.1.4 If you offer a fixed-price surgery scheme, what does the price include?
3.1.5 What percentage of patients have needs or risk factors that lead you to charge something different to the published fixed price?
3.1.6 What do you think the impact of PHIN has been on informing and influencing patient choice?
3.1.7 What do you think the impact of PHIN has been on driving quality and outcomes of care?
3.1.8 How do you think PHIN's work will affect your business and the self-pay market in the future?
3.1.9 What proportion of your marketing budget do you intend to allocate to the promotion of self- pay surgery?
3.1.10 In marketing self-pay surgery, which of the following marketing and promotional activities are you likely to use in the next 12 months?
3.1.11 Which of the following marketing and promotional activities do you feel are the most successful in attracting self-pay patients? Select the three most effective activities:
3.1.12 Prospects for the self-pay market over the next three years
3.1.13 What do you think will be the most important factors affecting the self-pay market over the next three years?
3.1.14 In which age group do you think there will be the most demand for self-pay?
3.2 Research outputs: Google Trends (UK) research
3.2.1 Cataract surgery
3.2.2 Hip replacement
3.2.3 Knee replacement
3.2.4 Hernia repair
3.2.5 MRI Scanning
4. MARKET INSIGHT
4.1 Clinical drivers
4.2 Private medical insurance
4.3 Affordability
4.4 The NHS
4.6 Consumer focus
4.8 Quality
5. PRICE COMPARISONS
5.1 Pricing for self-pay procedures
5.1.1 Prostate surgery
5.1.2 Hip replacement
5.1.3 Shoulder surgery
5.2 Calculating the percentage difference for average treatment prices
5.3 NHS pricing for self-pay procedures
5.4 Pricing for cosmetic surgery procedures
6. MAJOR PROVIDER SCHEMES AND FINANCE OPTIONS
6.1 Comparison of fixed price schemes from major providers
6.1.1 Nuffield Health
6.1.2 Circle Health
6.1.3 Spire Healthcare
6.1.5 Ramsay Health Care
6.2 Third-party administrators
6.3 Patient acquisition and treatment sourcing services
6.4 Comparison of finance schemes from major providers for self-pay andcosmetic surgery patients
7. THE PATIENT PERSPECTIVE
7.1 PHIN's perspective
8. THE FUTURE OF SELF-PAY
8.1 The views of influencers and opinion leaders
8.2 New players attracted to the self-pay market
8.2.1 Online and app-based services
8.2.2 Private GP services
8.3 The role of clinical innovation
8.4 Demographics
8.5 The role of effective marketing and engagement
8.6 Quality as a driver
APPENDIX 1. GLOSSARY
APPENDIX 2. REGULATORS
APPENDIX 3. TRADE BODIES AND ASSOCIATIONS
APPENDIX 4. MAJOR INDEPENDENT HEALTHCARE PROVIDERS
APPENDIX 5. PRIVATE PROVIDERS DETAILS PRICING AND COMPARISONS
APPENDIX 6. FINANCIAL APPENDIX
LIST OF TABLES
Table ES1 GoPrivate.com web visitors 2020, 2021 and 2022
Table ES2 Comparison of average UK self-pay prices for high volume procedures winter 2021 and January 2023
Table 1.1 Private acute medical care hospital market value (independent acute medical hospitals & clinics & NHS private patients), UK 2003-2022
Table 1.2 Independent acute medical hospitals and clinics UK market value, and revenues by purchaser, 2003?2021 and 2022 projections
Table 1.3 Independent acute medical hospitals and clinics UK market value, and revenues by purchaser, 2003 to 2021 and 2022 projections
Table 1.4 Self-pay knee replacement consultant fees UK
Table 1.5 Inguinal hernia repair self-pay consultant fees, UK
Table 1.6 Top ten procedures by admission volumes Q3 2019 and Q3 2022
Table 1.7 Top ten self-pay procedures by admission volumes Q3 2019 and Q3 2022
Table 1.8 Private discharges by sector Q3 2019 vs. Q3 2022
Table 1.9 Privately funded self-pay activity, Q3 2019 vs. with Q3 2022, by UK regions
Table 1.10 BAAPS Annual Audit results, 2022
Table 2.1 NHS Private patient revenues by region, UK, 2018/19?2021/22
Table 5.1 Prostate (TURP) prices (GBP) across the UK, 2023
Table 5.2 Topline comparison of UK total hip replacement prices (GBP), 2023
Table 5.3 Shoulder replacement surgery prices (GBP), 2023
Table. 5.4 Topline breast enlargement price comparison (GBP)
Table 5.5 Topline liposuction price comparison (GBP)
Table 6.1 Comparison of fixed price schemes from major providers
Table 6.2 GoPrivate direct enquiries by region
Table 8.1 Care Quality Commission ratings by provider group, April 2023
LIST OF FIGURES
Figure ES1 Google Trend searches for private healthcare and the cost of private treatment 12 month trend
Figure ES2 Google Trend 5 year searches for private healthcare and the cost of private treatment
Figure ES3 Activity by discharge for the top self-pay procedures, Q3 2019 compared with Q3 2022
Figure 1.1 Independent sector market shares by turnover year ending 2021
Figure 1.2 Sources of revenue for independent sector providers, £m, 2021
Figure 1.3 Self-pay knee replacement consultant fees, UK
Figure 1.4 Inguinal hernia repair self-pay consultant fees, UK
Figure 1.5 Top ten self-pay procedures by admission volumes Q3 2019 and Q3 2022
Figure 1.6 Private discharges by sector Q3 2019 vs. Q3 2022
Figure 1.7 Self-pay volumes across Quarter 3 2022, UK
Figure 1.8 BAAPS Annual Audit results, male vs. female procedures, 2022
Figure 1.9 Annual growth in cosmetic surgery procedures 2004 to 2022
Figure 2.1 NHS diagnostic waits by test and commissioning region, December 2022
Figure 2.2 RTT waits by specialty, December 2022
Figure 2.3 RTT overall performance and trajectory 2007?December 2022
Figure 2.4 RTT waiting times in England mapped
Figure 3.1 Percentage of respondent admissions (inpatient + day case) as self-pay
Figure 3.2 Movement in the percentage of respondent admissions over the past 12 months
Figure 3.3 Factors affecting the number of self-pay admissions during 2022
Figure 3.4 Inclusive components of fixed price surgery scheme
Figure 3.5 Percentage of patients with needs or risk factors requiring a change to the published fixed price
Figure 3.6 The impact of PHIN on informing and influencing patient choice
Figure 3.7 The impact of PHIN on driving quality and outcomes of care
Figure 3.8 The impact of PHIN on your business and the self-pay market in the future
Figure 3.9 Proportion of marketing budget allocated to the promotion of self-pay surgery
Figure 3.10 Marketing and promotional activities likely to be used in the next 12 months
Figure 3.11 The most effective marketing and promotional activities
Figure 3.12 Prospects for the self-pay market over the next three years
Figure 3.13 Most important factors affecting the self-pay market over the next three years
Figure 3.14 Demand for self-pay by age group
Figure 3.15 12 month cataract surgery searches Google Trends UK
Figure 3.16 Five-year trend for cataract surgery searches
Figure 3.17 12 month hip replacement searches Google Trends UK
Figure 3.18 Five-year trend for hip replacement searches
Figure 3.19 12 month knee replacement searches Google Trends UK
Figure 3.20 Five-year trend searches knee replacement
Figure 3.21 12 month hernia repair searches Google Trends UK
Figure 3.22 Five-year trend searches for hernia repair
Figure 3.23 12 month MRI scan searches Google Trends UK
Figure 3.24 Five-year search terms relating to MRI scan
Figure 6.1 GoPrivate website visitors 2020, 2021 and 2022 (full years)
Figure 6.2 GoPrivate direct enquires by city
Figure 6.3 Direct enquiries to GoPrivate, Q1 2022 compared with Q1 2023
Figure 7.1 The consumer journey
A selection of companies mentioned in this report includes
- Nuffield Health
- Circle Health
- Spire Healthcare
- Ramsay Healthcare
- NHS
For more information about this report visit https://www.researchandmarkets.com/r/6jenn4
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