Dhanbad News Paper

UK Healthcare Outlook Report, 2020 by DelveInsight

 Breaking News
  • No posts were found

UK Healthcare Outlook Report, 2020 by DelveInsight

April 26
21:30 2021
UK Healthcare Outlook Report, 2020 by DelveInsight

DelveInsight Business Research LLP
DelveInsight’s,“UK Healthcare Outlook Report, 2020,” provides comprehensive insights about healthcare scenario, regulatory policies and reimbursement landscape in UK. The report also identifies key trends in the healthcare market and provides insights into the demographic and healthcare infrastructure of the country. Along with this the report also provides a brief look into the trends and segmentation of the pharmaceutical and medical devices market of UK.

Uk Healthcare Outlook Report

DelveInsight’s,“UK Healthcare Outlook Report 2020,” provides comprehensive insights about healthcare scenario, regulatory policies and reimbursement landscape in UK. The report also identifies key trends in the healthcare market and provides insights into the demographic and healthcare infrastructure of the country. Along with this the report also provides a brief look into the trends and segmentation of the pharmaceutical and medical devices market of UK.

As per DelveInsight’s analysis, UK has a globally unique health and life sciences ecosystem. NHS offers a national research and evidence gathering platform with unique data and clinical insights. Track record of scientific breakthroughs is driving the next generation of life-changing treatments, technologies and services. There are a number of regulatory bodies in place which monitor and assess the quality of health services provided by public and private providers. Quality issues are addressed in a variety of methods. There as certain disadvantageous side effects to the government’s participation in the healthcare system. Their active role in healthcare weakens the functionality of market mechanisms. In addition, the tight control undertaken in regards to medical expenses has resulted in a lack of medical resources, such as equipment, doctors and nurses in public hospitals.

UK Industry Overview Chapter

Pharmaceutical

The UK is home to GlaxoSmithKline and AstraZeneca, respectively the world’s fifth- and sixth-largest pharmaceutical companies. Foreign companies with a major presence in the UK pharmaceutical industry include Pfizer, Novartis, Hoffmann–La Roche and Eisai. One in five of the world’s biggest-selling prescription drugs were developed in the UK. The most notable event for the pharma industry so far has been the update of the government’s life sciences strategy, which lays out plans for the sector’s future. This June 2016, it’s been four years since UK citizens accepted a UK referendum to leave the EU (i.e., Brexit). Whether or not the United Kingdom would have an agreement in shaping its future relationship with the EU is still on the negotiation table as the deadline for achieving an agreement looms. After a multi-year process to exit the EU, the UK officially exited the EU on January 31, 2020 and entered into an 11-month transition period until the end of 2020 to work out or not its future relationship with the EU. During the transition period, EU law and rules are still applicable across the UK, and the UK remains part of the EU single market and custom union. The UK will formally exit the EU in all ways by the end of the transition period on December 31, 2020.

Medical Device

An important development for life science businesses is the publication of the Medicines and Medical Devices Bill. As expected, this draft legislation will provide for the UK Government to take over the rulebook for human and veterinary medicines, clinical trials and medical devices after the end of the transition period on 31st December 2020. Currently very closely harmonized at EU level, the legislation is not expected to diverge rapidly from EU law.

 

However, there are clear signals in the Bill and Explanatory Notes that a separate approach is likely to evolve.

 

Legislation in this area has previously been updated at EU level, with the changes flowing through into UK law. The Medicines and Medical Devices Bill will allow the Health Secretary to take over that task. The Bill proposes similar powers to amend or supplement the medical devices legislation. Of course, the existing EU directives in this area are due to be replaced by two new Regulations:

  • Regulation 2017/745 on medical devices (applicable from 26 May 2020)
  • Regulation 2017/746 on in vitro diagnostic medical devices (applicable from 26 May 2022).

 

Apart from this the report covers some latest information on COVID 19 update and future of healthcare technology in UK.

 UK: Market Access

Market access section of the UK Healthcare Outlook report contains information on how to penetrate the pharmaceutical and medical device markets in terms of setting up manufacturing unit, import export licensing, regulations pertaining to patents, trademarks, clinical trials, advertising, pharmacy regulation, labeling and packaging. It also covers detail about healthcare insurance and reimbursement policy.

 

Over the past year, investment into the UK healthcare real estate market has grown ever more international. The biggest deal of 2019 saw Medical Properties Trust (MPT) acquire 30 private hospitals for billions of Euro, making it the largest real estate deal of the year. The deal was part of Circle Health’s acquisition of BMI Healthcare, which comprised 54 hospitals in total. There is driven demand from a broader range of investors in recent years, from opportunistic private equity funds to risk-averse pension providers. UK performed well when it came to quality of care and access to care. The UK also ranked first in efficiency, which was measured by examining total national spending on healthcare as a percentage of GDP, as well as the amount spent on healthcare administration and insurance. Quality of care one of the key focuses of the NHS. Indeed, one of their stated goals is to enhance the quality and safety standards of health and social care services.

Report Highlights

  • Overview of the pharmaceutical and medical device markets
  • An insightful review of the reimbursement and regulatory landscape, covering the healthcare reimbursement process, regulatory agencies, and the approval processes for new drugs and medical devices
  • Detailed analysis of the political and economic environment, including economic indicators, demographics, healthcare infrastructure and healthcare expenditure
  • An overview of the opportunities for and challenges to growth in the healthcare market

Key Players

  • The Harley Street Clinic
  • Portland Hospital
  • Ramsay Health Care UK
  • Synergy Health
  • Nuffield Health
  • GlaxoSmithKline
  • Oxford BioLabs
  • Spire Healthcare
  • Allied Healthcare
  • Circle Health Ltd

Request for sample pages @ UK Healthcare Outlook Report

Table of contents

1. Key Insights

2. UK at a Glance

3. Executive Summary

4. Assessment

 

5. Market Access

6. UK PESTLE Analysis

7. Driver and Barriers

8. Appendix 

9. References

10. DelveInsight Capabilities

11. Disclaimer

12. About DelveInsight

Request for sample pages @ UK Healthcare Outlook Report

Media Contact
Company Name: DelveInsight
Contact Person: Priya Maurya
Email: Send Email
Phone: +919650213330
City: Albany
State: New York
Country: United States
Website: https://www.delveinsight.com/


Warning: count(): Parameter must be an array or an object that implements Countable in /home/dimapurnewsdesk/dhanbadnewspaper.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share