The UK is an innovator and leader in the healthcare sector. From education and training to clinical services, from digital health to infrastructure, from health systems development to genomics and personalised medicine and patient safety – the UK has long led the world in this industry.
According to Statistica, “The retail value of the health and wellness market in the United Kingdom (UK) annually from 2013 forecast to 2018. The value of the health and wellness market in the UK increased over the period observed from over 22.6 billion euro in 2013 to over 26 billion euro in 2018. The health and wellness industry covers a range of different topics from healthy eating, staying fit, maintaining a healthy weight to taking care of ones mental and physical health.”
The U.K private healthcare market estimated to be valued at US$11.8 Billion in 2017 and poised to grow to reach US$13.8 Billion by 2023.
The life sciences industry is one of the most important pillars of the UK economy, contributing over £70 billion a year and 240,000 jobs across the country.
For UK companies in the healthcare space there is Healthcare UK. According to their website, they help UK healthcare providers to do more business overseas. They do this by promoting the UK healthcare sector to overseas markets and supporting healthcare partnerships between the UK and overseas healthcare providers. Healthcare UK is part of the Department of Health and Social Care and the Department for International Trade.
Watch my interview with a Jenny Hancock, Place and Community Director from the Howard de Walden Management Ltd in London. Having a significant number of tenants in the healthcare space, particularly in the private healthcare industry, Jenny discusses about the strengths of the UK’s healthcare sector, specifically in private healthcare. She also reflects on the success of the UK healthcare system abroad. Interview was done during one of the world’s largest healthcare shows in the world – Arab Health 2019 Dubai.