United Kingdom Medico-Legal and Services Market 2020: A Market Valued at Over £700 Million but Badly Hit by COVID-19
Dublin, Jan. 20, 2021 (GLOBE NEWSWIRE) -- The "UK Medico-Legal and Services 2020 Market Trends Report" report has been added to ResearchAndMarkets.com's offering.
The UK Medico-Legal and Insurance Services Market Trends Report 2020 provides an overview of the UK market for firms that provide medical expertise (ME) and rehabilitation and allied medical services (RAMS) to the legal and insurance sectors. This report looks at the market structure, recent developments and market drivers, the key players, the market size and trends and the future.
Report Highlights
The MLIS market is estimated at over 750 million in 2019, a rise of just over 1% compared with 2018. The rate of growth in the market has noticeably slowed since 2017, with any growth driven by the high-end catastrophic injury segment of the market.
The Coronavirus pandemic has radically changed working practices in the industry and led to a significant decline in activity. COVID-19 comes on top of longer-term issues impacting the market which are likely to cut activity going forward. These include The Civil Liabilities Act and MedCo reforms, which are due to come into force in August 2020, intense competition for scarce medical skills, previous legal reforms which have cut the number of whiplash and soft tissue injuries requiring medical reports and continued pressure on medical experts.
Collectively, the main companies operating in the Medico-Legal and Insurance Services market generated a turnover of almost 500 million in 2019. The overall market, including payments to individual, freelance and self-employed medical experts and case managers as well as MLIS companies is estimated at over 700 million in 2019, a rise of just over 1% compared with 2018. The rate of growth in the market has noticeably slowed since 2017, with any growth driven by the high-end catastrophic injury segment of the market.
The Coronavirus pandemic which hit the UK strongly in March 2020 is having a major impact on the MLIS sector. It has radically changed working practices and reduced the number of medical staff able to act as expert witnesses and led to a significant decline in activity. Data from the Claims Portal indicates that on a 12-month rolling basis, there were over 80,000 fewer cases registered in May 2020 compared with December 2019. Moreover, with fewer people travelling on the roads, fewer visiting shops and public places and fewer working in offices etc. the number of claims likely to come through the system in the coming months will also decline.
COVID-19 comes on top of longer-term issues impacting the market which are likely to cut activity going forward. These include The Civil Liabilities Act and MedCo reforms, which are due to come into force in 2021, intense competition for scarce medical skills, previous legal reforms which have cut the number of whiplash and soft tissue injuries requiring medical reports and continued pressure on medical experts.
This report looks at the Medico-Legal and Insurance Services (MLIS) market. MLIS are a range of medical and medical-related services offered to legal services companies, insurers and possibly to employers.
Key Topics Covered:
EXECUTIVE SUMMARY
Small businesses dominate the market.
But one that is consolidating
A market valued at over 750 million
COVID-19: The Black Swan Event
New pressure on the market
Future re-shaped by legislation, COVID-19 and new technology
INTRODUCTION
Medical Evidence (ME)
Rehabilitation and allied medical services (RAMS)
Abbreviations
MARKET STRUCTURE
Three client groups
A wide diversity of MLIS companies
Soft Tissue Injuries now channelled through MedCo
The Rehabilitation Code
MARKET DEVELOPMENTS AND DRIVERS
Money and health, the two main drivers of RAMs business
The financial savings can be very large
COVID-19
ABI/ACSO principles
2020/21 reforms to low value claims
MedCo issues Ethical guidance
More RTAs requiring serious injury MLIS services
And fewer workplace injuries needing MLIS services.
But still a significant number of high value clinical negligence cases
Civil personal injury claims the key driver of activity
Personal injury court cases in Scotland and new Personal Injury Court
Continued pressure on expert witnesses
New Guidelines for Medical Experts
THE KEY PLAYERS
51 MROs
ExamWork, Handl and Active Assistance the largest groups
A Chance for Life Ltd
AIG Europe Ltd/AIG Medical Management Services
Alpha Medical Consulting Ltd
AMG Consultancy Services Ltd
Active Care Group
Ascenti Health Ltd
Bodycare Clinics Ltd/Doctors Chambers (UK) Ltd
Bridge Case Management Limited
Broadspire Rehabilitation
Bush & Company Rehabilitation
Case Management Services Ltd
Citi Medical Ltd
CL MediCall Aid Ltd
Denton Ross Ltd
Elite Medical Appointments Ltd
Enable Therapy Services
Exam Works UK (Premex)
Handl Group (FL360 Group)
HACM Case Management Service (HACM Limited)
Hayes & Co Services Ltd (Hayes Medicals)
Health & Case Management Ltd (HCML)
Hugh Koch Associates LLP (HKA)
Independent Living Solutions Limited
Index Medical (Ascentis Medical Services Ltd)
Injury-QED Ltd (I-QED)
Innovate Healthcare Management Group
IPRS Group/IPRS Health
MAPS Medical Reporting (Medical and Professional Services Ltd)
Medical Expert Witness Alliance (MEWA) LLP
Medical Reports Ltd (MRL)
Medical Services Solutions Ltd (MSS)
Medicess Ltd
Medreport Services Ltd
ML Doctors Ltd
Moving Minds Psychological Management and Rehabilitation Ltd
N-Able Services Ltd
On Medical Ltd
Premier Medical Holdings Ltd
Proclaim Care Ltd
Quality Medical Group Ltd
SK Medical Practice
Slater & Gordon
Somek & Associates Ltd
Stewart House Ltd
TLA Medical (TLA Medicolegal Ltd)
Tri Star Medicals Limited
Unite Professionals Ltd
Descriptions of other providers
MARKET SIZE AND TRENDS
The potential market continues to slide
Market continues to grow slowly
Growth at the top and bottom ends of the market
THE FUTURE
Forecasts are impossible to make
Government reforms shake up the lower end of the market
Possible changes to working practices
Cost savings a key priority
Associations
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