With returns from providers representing over 95% of the health cover market, Health Cover is the sole publicly available source of reliable information driving critical decisions in the industry. You can gain valuable insights into market trends, including the resurgence in demand for health cover driven by prolonged waits for NHS treatment, resulting in a market now valued at £6.65 billion.
The analysis shows that the PMI segment, the largest in the UK private health cover market, has seen its market value grow at 6.2% CAGR between 2020 and 2022, which is more than triple the growth level seen in the years preceding it (2008-2019). This has been built on strong growth in subscriber numbers. In addition, we discuss the challenges and opportunities in the dental insurance market, with dental cover products experiencing a combined 9.7% annual growth in 2022 due to ongoing challenges in accessing NHS dentistry.
As premium increases are anticipated, now is the best time to uncover strategies employed by cover providers to develop modular products aimed at retention amidst expected market shifts.
The analysis shows that the PMI segment, the largest in the UK private health cover market, has seen its market value grow at 6.2% CAGR between 2020 and 2022, which is more than triple the growth level seen in the years preceding it (2008-2019). This has been built on strong growth in subscriber numbers. In addition, we discuss the challenges and opportunities in the dental insurance market, with dental cover products experiencing a combined 9.7% annual growth in 2022 due to ongoing challenges in accessing NHS dentistry.
As premium increases are anticipated, now is the best time to uncover strategies employed by cover providers to develop modular products aimed at retention amidst expected market shifts.
Table of Contents
- Private Medical Cover
- Health Cash Plans
- Dental Cover
- Distribution
- Major Health Cover Providers and Industry Structure
- Market Potential
- Appendices
