Medico-Legal Market falls by 5%
16 Jun 2022
Medico-Legal and Insurance Services Market down because of COVID-19
The market for Medico-Legal and Insurance Services (MLIS) – defined as medical and medical-related services offered to legal services companies, insurers and possibly to employers – declined in 2021 by around 5%, on the back of a near 20% decline in 2020. The premium end of the market has recovered well from the pandemic but the lower end of the market was hit by the new whiplash reforms and the continued delays in handling lower value personal injury legal cases. Reflecting this, employment in the industry is also down in 2021 compared with 2019, despite the support the industry enjoyed from the Government’s furlough scheme.
These findings come for the IRN Reports Medico-Legal and Insurance Services Market, 2022.
COVID cuts the number of medico-legal cases
Over 2020 and 2021, COVID-19 caused a significant decline in personal injury and CN case numbers. Data from the Compensation Recovery Unit (CRU) shows the overall number of cases fell by over 10% between 2020/21 to 2021/22, following on from a 32% decline in the previous year. The lower end of the market was especially hard hit in 2021, with the number of small track and fast track cases down by 17% in 2021. Reflecting this, the number of searches on the MedCo system resulting in a selection of a medical expert fell by almost 16% in 2021, after a 30% fall in 2020.
About the Report
This report looks at the Medico-Legal and Insurance Services (MLIS) market, which encompasses two broad categories of service: Medical evidence (ME) – including medico-legal report writing; and Rehabilitation and allied medical services (RAMS).
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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