MSI report says growth of sector will continue

Posted on April 1st, by editor in Caring Times. No Comments

A new report from analysts MSI Marketing Research for Industry says potential growth rates within the private healthcare industry have been hindered by difficult market conditions, despite an improvement in the stability of the UK economy. The report says the value of the market increased by about 3% last year to a value of £9.87 billion and predicts a continued increase over the next five years, forecasting a growth of about 12% between 2000 and 2004. The report, MSI Databrief Report: Private Healthcare: UK, identifies independent nursing and residential homes as being the largest part of the UK private healthcare market between 1995 and 1999, accounting for 75% of the total market value. “However, the rate of growth in the market for nursing and residential homes has decelerated in recent years,” the report says. The MSI report includes analysis of all the major sectors of the private healthcare market in the UK. It covers the market by type of sector, analysing the independent nursing and residential home

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