Healthy prospects: Though the NHS remains under pressure, rising demand supports growth

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). Demand for specialist medical services has remained resilient over the past five years, as an ageing British population combined with rising obesity levels has led to a rise in health problems associated with natural bodily decline. This has placed increasing pressure on health-care services in the United Kingdom. As British health care is overwhelmingly funded by the government, the government's budgetary allocations to the NHS have a significant effect on industry more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increasing NHS waiting times have encouraged demand for private services, supporting profit
  • Private-sector participation has risen, as the government has attempted to relieve pressure on the NHS
  • The government may further increase private participation in the industry to encourage cost savings
  • Industry Report - Industry Key Buyers Chapter

    There are no dominant players in the industry, as the majority of specialists run independent practices that are either in the private sector or loosely affiliated with the NHS. This is reflected in the industry's low level of concentration. The three largest operators in the industry are estimated to account for less than 5% of the industry's revenue. Additionally, in the current year, 86.9% of enterprises are expected to have fewer than five employees, which further demonstrates the dominance of small, independent operators. Some operators have struggled to weather the economic downturn, government austerity measures and the recent NHS shake-up in a climate of rising demand. Tho...purchase to read more.

    Additional Insights for the Specialist Medical Practices Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Specialist Medical Practices Industry are

  • Having contacts within key markets
  • Ability to accommodate environmental requirements
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Level of obesity and Population aged 65 years and over in the Specialist Medical Practices industry impact industry performance..

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    What's in this report

    What is the Specialist Medical Practices Industry?

    This industry includes medical consultation and treatment in the field of specialised medicine by medical specialists and surgeons. It also includes family planning centres that provide medical treatment such as sterilisation and termination of pregnancy, without accommodation.

    Industry Products
  • General remedial treatment
  • Surgical procedures
  • Anaesthetics
  • Pathology and oncology
  • Paediatrics, obstetrics and gynaecology
  • Industry Activities
  • Provision of specialist medical services
  • family planning centres without accommodation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of obesity
  • Population aged 65 years and over
  • Real government consumption expenditure
  • Real household disposable income
  • Total health expenditure

  • Current Performance
  • Healthy demand
  • NHS constraints
  • Rising profit
  • Surgical shift
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing demand
  • NHS funding
  • Specialised skill shortage
  • Table: Specialist Medical Practices Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialist Medical Practices Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • General Insurance
  • Hospitals
  • General Medical Practices
  • Consumers

  • Key Selling Industries
  • Diagnostic & Ambulance Services
  • Hospitals
  • Medical & Dental Instrument Manufacturing
  • Pharmaceutical Preparations Manufacturing

  • Products & Services
  • General remedial treatment
  • Surgical procedures
  • Paediatrics, obstetrics and gynaecology
  • Pathology and oncology
  • Anaesthetics
  • Other
  • Chart: Specialist Medical Practices Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Public patients
  • Private patients
  • Chart: Major Market Segmentation for the Specialist Medical Practices Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Specialist Medical Practices

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialist Medical Practices Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Specialist Medical Practices Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Specialist Medical Practices Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    National Health Service (Nhs)
  • Britain's publicly funded health-care system.
  • Ophthalmology
  • The area of medical practice concerned with the eye and its diseases.
  • Urology
  • The area of medical practice that involves the diagnosis and treatment of diseases of the urinary tract and urogenital system.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Specialist Medical Practices market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Specialist Medical Practices:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Specialist Medical Practices market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Specialist Medical Practices, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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