United Kingdom Hospital Market to reach USD 189.05 Billion by 2027
Increasing geriatric population and rise in total healthcare expenditure of the United Kingdom are the major factors driving the growth of the United Kingdom Hospital Market in the forecast period, 2023-2027. According to TechSci Research report, “ United Kingdom Hospital Market – By Region, Forecast & Opportunities, 2017-2027 ” , the United Kingdom Hospital market stood at USD 140.54 billion in 2021 and is forecasted to reach USD189.05 billion by 2027. This can be attributed to the growing number of elderly people in the United Kingdom. The government has made a number of commitments in recent years to increase financing for the long-term needs of the underfunded National Health Service (NHS). For instance, the government stated in the Autumn Budget in November 2018 that from 2018–19 to 2023–24, the NHS budget will increase by £20.5 billion in real terms, or 3.3% annually, with capital funds designated for investment in buildings, infrastructure...