The newly published Defining the Size of the Health Innovation Prize report by Frontier Economics, commissioned by the Health Innovation Network, highlights a transformative opportunity for the UK. It sets out a bold, evidence-based case for strategic investment in health innovation – showing that doing so could not only strengthen our health system but also deliver a staggering £278 billion boost to the UK economy.
For those of us who work in this space, the numbers are remarkable:
- £246 billion in productivity gains from reducing ill-health – equivalent to 9.6% of UK GDP
- £32 billion in potential foreign investment in life sciences
- 233 million hours of NHS workforce time saved – worth £8.55 billion
You can read more here: Health Innovation Network news release
Download the report: Full Report PDF
This report is not just a celebration of what’s possible – it’s a call to action. As the Secretary of State for Health and Social Care, Wes Streeting, rightly said, “There are lots of opportunities if we harness the massive potential at our fingertips.”
Where Pym’s Consultancy comes in
At Pym’s Consultancy, we’ve spent years supporting healthcare innovators in navigating the complexities of market access, NHS procurement, and regulatory compliance. The report confirms what we’ve always known: the UK healthcare market is full of opportunity – but it’s not always easy to get in.
Our services are designed to help innovators do exactly what this report recommends:
- Market discovery and early stakeholder engagement
- Strategic roadmapping for NHS adoption
- Sales support and key message development
- Bid writing and grant acquisition
- Bespoke training for teams entering UK healthcare
We understand the system and the silos. We know the questions to ask, the routes to take, and the pitfalls to avoid. And we’ve got a track record of helping MedTech, digital health, diagnostics, pharma, and service innovators build commercially viable, scalable strategies that deliver benefit to both patients and the wider economy.
The size of the prize is clear. If you’ve got a product or service that could transform care, we’d love to help you unlock its full potential. Please don’t hesitate to contact us for a no-obligation chat.
