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An Overview of Emerging Trends and Investment Prospects in Healthcare

12 Apr 2024
Theatre Two - Sponsored by McDonald's Restaurants

The Health and Social Care Sector offers a limitless business opportunity for passionate business people. 
Key points include:

  • Private Healthcare Market Size: Expected to reach £14.0 billion in 2023, indicating a growing sector​​.

  • Overall Healthcare Industry Growth: Projected to grow annually by 2.8% from 2020 to 2025, reflecting increasing demand and sector expansion​​.

  • Employment and Budget: Over 3 million employed in the health and social care sector as of 2019, with the Department of Health and Social Care in England having a budget of £122.5 billion in 2018, showcasing the sector's economic significance​​.

  • Historical Growth Trends: An average annual growth rate of 3.7% from 1970 to 2017 demonstrates the sector's consistent expansion​​.

  • Government Expenditure on Healthcare: Significant with £1 in every £7 of public service spending dedicated to health in 2018, highlighting the government's commitment to healthcare​​.

  • Aging Population Impact: The expected increase in the population aged 65 and over by 2050 signals rising healthcare demand​​.

  • Health Insurance Market Dynamics: A concentrated market with leading companies like AXA, BUPA, and WPA, experiencing growth and changes in response to profitability challenges and NHS reforms​​.
Dennis Mawadzi, Director - Renaissance Personnel Ltd
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