United Kingdom Medico-Legal and Insurance Services Market Trends Report 2019 – ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)-- The "UK Medico-Legal and Insurance Services 2019 Market Trends Report" report has been added to ResearchAndMarkets.com's offering.

The UK Medico-Legal and Insurance Services Market Trends Report is the third edition of an annual Legal Market Report from the author. It 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.

Current Trends

The medico-legal and insurance services market (MLIS) is estimated to generate around 760 million in gross revenue for ME and RAMS firms that operate in the market. While the market has continued to grow in recent years, the rate of annual increase is slowing. Competition for market share is intensifying as is the competition for medical expertise and medical skills. In this environment, some of the smaller players have been forced out of the market, forced to merge or been taken over by larger rivals. At the same time, some of the established mid and low-end market players have sought to move up market into the higher margined catastrophic injury sector.

Future Trends

While the author still expects that the mid and upper segments of the market will grow over the coming years, the prospects for the low-end of the market (i.e. soft tissue, whiplash type injuries from road traffic accidents) looks poor. New legislative changes from April 2020, are likely to make a severe dent on this sector of the market, which will call into question the long-term viability of RTA-focused operators and some of the smaller MedCo medical reporting organisations.

Key Topics Covered:

1. Executive Summary

A fragmented market still
A market valued at over 750 million
A market whose services are highly valued
But one where pressures are building
The nature of the work changes
Recent new legislation fundamentally reforms the low end of the market
And soon to be operational future legislation will change it more
With the result that the future will be uncertain for some MLIS providers

2. Introduction

Definition
Medical Evidence (ME)
Rehabilitation and allied medical services (RAMS)
Abbreviations

3. Market Structure

Three client groups
A wide diversity of MLIS companies
The Rehabilitation Code

4. Market Developments and Drivers

RAMs pay dividends for all involved parties
Growing competition for skill
And rising competition more generally
More RTAs requiring serious injury MLIS services
And fewer workplace injuries needed MLIS services
But still a significant number of high value clinical negligence cases
Civil personal injury claims the key driver of activity
New legislation fundamentally reforms the low end of the market
With more changes possible soon
Expert witnesses primarily act as report writers
Greater pressure on expert witnesses
With the pressure increasing after changes to the Civil Procedure Rules
And GDPR rules

5. The Key Players

48 MROs
Bush & Co probably the largest case management provider
Active Assistance
AIG Europe Ltd/AIG Medical Management Services
AMG Consultancy Services Ltd
Ascenti Group
Bodycare Clinics Ltd/Doctors Chambers (UK) Ltd
Broadspire Rehabilitation
Bush & Company Rehabilitation
CL MediCall Aid Ltd
Exam Works UK (Premex)
FL360 companies
Health & Case Management Ltd (HCML)
Independent Living Solutions Limited
IPRS Group/IPRS Health
Injury-QED Ltd (I-QED)
MAPS Medical Reporting, formally Medical and Professional Services Ltd
On Medical Ltd
Premier Medical
Proclaim Care Ltd
SK Medical Practice
Slater & Gordon Solutions
Unite Professionals Ltd
Vita Health Group/RehabWorks Ltd
Descriptions of 50 other providers

6. Market Size and Trends

The potential market stabilises
Market growth slows in 2018
Initial MedCo reports generate almost 85 million in revenue in 2018
The catastrophic injury market - a niche sector but a growing one

7. The Future

Government reforms: A Curate's Egg
Online court could also encourage more litigants in person
Fixed recoverable cost proposals could also cut the number of higher value cases
Increased efficiency will become a key competitive goal
Will E-working remove court appearances for Expert Witnesses?
Could AI undermine the need for expert witnesses?
Will rehabilitation services go virtual?
Continued new opportunities in the occupational health sector

8. Associations

Companies Mentioned

10Bridge Medical
Affinity Medical Services Ltd
Alpha Medical Consultancy Limited
AML Reporting Ltd
Blackrock Medical Reporting Ltd
Bodycare Clinics Ltd
Chartwell Medical
Citimedical Limited
CL Medicall Aid Ltd
Connexus Medical Appointments Ltd
Doctors Chambers (UK) Ltd
Elite Medical Appointments
Excell Medical Reporting
Hayes & Co Services Ltd
Index Medical
Indigo Medical Ltd
Injury QED Limited
Jupiter Medicals Limited
Lawyers Medical Agency
Medical Reports Ltd (MRL)
Medicals (uk) ltd
Medici Health Limited
Medreport Services Limited
ML Doctors Ltd
Mobile Doctors Limited
NRI Medical Limited
On Medical Ltd
Optimal Med Limited
Pegasus Medical
Premex Services Limited
Premier Medical
Quest Medico Legal Ltd
Quick Reporting
Rapid Medical Services (UK) Ltd
Red Med Reporting Limited
SK Medical Practice
Speed Medical Examination Services
Summerhill Medical Reporting ltd
Target Medical Solutions Ltd
TB Medical Reporting Limited
TLB Medicals
Tri Star Medicals Limited
UK Independent Medical
Ultima Medical
Vantage Medicals UK Ltd
Vertex Medical Solutions
Xpede Medical Ltd
You Medicals Limited

For more information about this report visit https://www.researchandmarkets.com/r/sd28qv

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Source: Research and Markets