The report helps businesses gain a unique insight into the socio-economic dynamics, and helps analyze how they affect healthcare systems and their evolution. It can serve as a valuable tool with actionable guidance for sales, marketing, R&D and business managers with industry related interests.
Four chapters cover the numerical and written analysis for the following topics: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts) and the Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).
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- Overall, the economic growth in the UK is weak but still better than most other Western European countries.
- In spite of the economic slow-down in 2012, GDP growth is on its way up and expanded by 1.2 percent in 2014.
- In 2014 inflation was at a 2.2 percent average and in 2015 it is expected to increase slightly to around 2.3 percent by the second half of the year.
The Healthcare System:
- The National Health Service (NHS) is diving into a drastic change program
- The budget is frozen until 2015 and 5 percent will be set aside on an annual basis to reengineer the system.
- This means the NHS will face a fund gap of about 20 billion pounds by 2015.
- 70 percent of the hospitals are currently part of a “foundation trust”. Other hospitals are in the process of converting, which will be mandatory by 2015.
- Focus on what the hospital does best.
- Specialty services such as a pain clinic or a headache clinic.
- Research & clinical trials.
- Private patients & increased outpatient treatment.
- Upgrade labs and offer lab services to other hospitals.
- Healthcare spending in the U.K. is around 9.5 percent of the GDP, which is lower than in most Western European countries.
- The austerity measures by the government since 2010 and the fact that the costs of the National Health System and healthcare are rising faster than inflation, translates into a call for reform and a reengineering of the system.
- The capital equipment segment will be hit most by the 2010-2015 reforms because the available funds will not increase in the coming years.
Includes tables centralizing all relevant data on socio-demographics, macroeconomics and national Healthcare.
National Care Provision data:
Provides an overview of the Healthcare demographics: Nation Care provision data, Intensive Care units, Operating rooms, Emergency Rooms, Hospital services, Healthcare professionals.
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