Market analysis
PMG - Evidently Better Practice
Medico-legal market
The medico-legal market, currently valued at over £250m, is dominated by accident related claims of which road traffic accidents account for over 75%. The number of accident claims has grown at over 5% per annum despite improvements in road safety.
The number of personal injury accident claims is expected to increase by an average of 6% per year. This steady increase in claims is expected to be as a result of more consumers claiming personal injury when making a claim, as well as a greater willingness to make a claim and access to justice.
Premier Medical Group is the largest provider of expert medical opinion in the UK with 20% market share. The company has grown in line with consolidation of our insurer and solicitor customers. Premier Medical Group’s scale, geographical reach and operational efficiency have allowed more value to be passed back to our customers.
The UK health screening market, which includes public and private sector screening, is a diverse and evolving market currently valued at over £1bn. Premier Medical Group provides a range of screening services, including life medicals on behalf of insurers and brokers, and will continue to develop capabilities in the health screening market.
