UK Health Insurance Market Outlook: Trends, Growth Drivers, and Future Opportunities
The health insurance market in the United Kingdom was valued at USD 266.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This steady market expansion is primarily driven by several key factors, including the continuous rise in medical expenses and the increasing public awareness of the advantages associated with health insurance coverage. Additionally, the growing prevalence of chronic and lifestyle-related diseases—such as diabetes, cancer, cardiovascular diseases (CVD), and neurodegenerative disorders—continues to fuel demand for comprehensive health insurance plans. For example, a report published by the Neurological Alliance in 2022 revealed that one in six people in the UK is living with a neurological condition, highlighting the rising healthcare burden that insurance providers must address. In the UK, all permanent residents are entitled to healthcare services under the publicly funded National Heal...