The UK Medico-Legal and Insurance Services Market Trends Report 2020 is the fourth edition of an annual report from IRN Research. 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. This report looks at the market structure, recent developments and market drivers, the key players, the market size and trends and the future.
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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.