Services provided under the allied health-care umbrella include:
- Occupational health therapy and supporting nursing care
- Chiropody & podiatry
- Speech, art & language therapy
- Paramedics & dieticians also operate in the industry
Britain’s ageing population is behind sustained demand for the services of the Allied HealthCare Services industry because elderly people’s health is more likely to deteriorate. Rising health consciousness and population growth have also expanded the market to which the industry caters. Keen to identify and reverse health problems before they take hold, people of all ages are today more proactive about seeking health care early.
Over the current year, revenue is projected to grow by 1.2% to £3.7 billion. In the face of economic hardship, the government curtailed the budget of the National Health Service (NHS). Since most of the industry operates under the public umbrella, these budgetary constraints limit the revenue that funnels down to the industry. As a result, the public sector has and will continue to struggle to meet ballooning demand with limited funds.
The government is keen for the private sector to make up the shortfall and has embarked on wide ranging reforms that it hopes will introduce greater competition, thus boosting industry efficiency and minimising costs. However, it will be some years yet before the impact of these reforms can be properly measured.
In the immediate future, rising frustration with NHS backlogs is likely to encourage greater use of private sector services. The economic recovery is set to encourage the purchase of health insurance because individuals are likely to feel more confident about committing to policies and companies with insurance schemes are anticipated to expand their workforces. This, expected to limit compound annual revenue growth to 1% over the five years through 2018-19, with industry revenue projected to reach £3.9 billion.