The UK’s aging population, technological change, and increased demand for healthcare products and services, all create great opportunities in the health and social care, medical devices, life sciences, bioscience and pharmaceutical markets.
There is an increasing economic burden on the NHS healthcare spending which has resulted in the need for new healthcare systems, such as home healthcare. Home care expenditures as a proportion of GDP has increased over the last decade with the aim to reduce the overall burden of healthcare costs by minimising the number of hospital stays.
Changing consumer trends and regulatory changes are seeing pharmacies increasingly used as the first port of call for health care and primary care services. We have seen a substantial increase in the number of pharmacy owners deciding to sell their business and have significant experience in advising on the sale of pharmacy businesses.
More and more people are looking to manage their own health and wellness and adopting a “prevention is better than cure” ideology contributing to the significant growth in the MultiVitamins & Supplements (MVS) sector. Technology innovation and self-care medical products are continually being introduced into the market place with the global health economy estimated at over £3 trillion and consumers spending over £10 billion on medical products.
