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General Medical Practices in the UK - Industry Market Research Report

General medical practices market in the United Kingdom to grow 0.4% CAGR between 2014-19


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2014-01-21 12:58:02 - General Medical Practices in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

Modest growth, the dominant industry trend, is expected to continue into the future. Revenue is estimated to grow at a compound annual rate of 0.1% over the five years through 2013-14, reaching £21.4 billion. This is a 0.1% rise on 2012-13. Compound annual growth for the five years through 2018-19 is forecast to be 0.4% with revenue reaching £21.8 billion. An ageing society and growing population are driving this expansion.

More households means greater demand for the General Medical Practices industry as GPs are the first point of contact for the UK medical system. Aging baby boomers are boosting the number of elderly in the country. Old age leads to natural bodily decline, and this is increasing industry demand.

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