EINPresswire/ -- UK Health Insurance Market Overview

​Market Size in 2024: USD 64.3 Billion

Market Forecast in 2033: USD 96.1 Billion

Market Growth Rate 2025-2033: 4.57%

UK health insurance market size reached USD 64.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 96.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.57% during 2025-2033.

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UK Health Insurance Market Trends and Drivers:

Health Insurance in the UK is all about giving people quicker access to healthcare services by covering treatments at private hospitals and clinics. When you sign up for a policy, you pay a regular premium, which opens the door to faster diagnoses, a wider selection of consultants, and generally more comfortable private rooms. mainly focuses on acute conditions those short-term illnesses or injuries that pop up after you get your policy but it usually doesn’t cover pre-existing or chronic conditions.

The biggest perk of PMI is that it lets you skip the long waiting times that often come with the NHS. You also get to choose where you go for treatment, picking from private hospitals, specialists, and consultants that suit your needs. Plus, there’s the added comfort of private rooms and specialized treatments that might not be easily accessible through the NHS. Just keep in mind that PMI typically won’t cover pre-existing conditions, chronic illnesses that need ongoing care, or services that the NHS already provides.

UK Health Insurance Market News 

Bupa UK announced in March 2025 the launch of a new digital-first health insurance plan, targeting young professionals with virtual GP access and mental health coverage.

In January 2025, the UK Department of Health and Social Care reported a record 7.9 million people waiting for NHS treatment, reinforcing the shift toward private insurance alternatives.

Vitality Health introduced a reward-linked insurance scheme in late 2024, offering cashback and discounts for users tracking fitness goals via wearables.

A December 2024 survey by the Association of British Insurers (ABI) found that 43% of UK adults are considering buying private health insurance due to growing dissatisfaction with NHS services.                                                          

UK Health Insurance Market Industry Segmentation:

Provider Insights:

Private Providers
Public Providers

Type Insights:

Life-Time Coverage
Term Insurance

Plan Type Insights:

Medical Insurance
Critical Illness Insurance
Family Floater Health Insurance
Others

Demographics Insights:

Minor
Adults
Senior Citizen

Provider Type Insights:

Preferred Provider Organizations (PPOs)
Point of Service (POS)
Health Maintenance Organizations (HMOs)
Exclusive Provider Organizations (EPOs)

Regional Insights:

London
South East
North West
East of England
South West
Scotland
West Midlands
Yorkshire and The Humber
East Midlands
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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