United Kingdom Digital Health Market Size, Share, and COVID-19 Impact Analysis, By Technology (mHealth, Tele-Healthcare, Digital Therapeutics, and Health Management Solutions), By Components (Software, Hardware, and Services), and United Kingdom Digital Health Market Insights, Industry Trend, Forecasts to 2033
Industry: HealthcareUnited Kingdom Digital Health Market Insights Forecasts to 2033
- The United Kingdom Digital Health Market Size was valued at USD 10.9 Billion in 2023.
- The Market is growing at a CAGR of 18.62% from 2023 to 2033
- The U.K. Digital Health Market Size is Expected to Reach USD 60.1 Billion by 2033
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The United Kingdom Digital Health Market is anticipated to exceed USD 60.1 Billion by 2033, growing at a CAGR of 18.62% from 2023 to 2033. The growing adoption of digital healthcare, the rise in AI, IoT, and big data, and the increasing adoption of mobile health applications are driving the growth of the digital health market in the UK.
Market Overview
Digital health is the convergence of digital technologies with health, healthcare, living, and society to improve healthcare delivery and make precise tailored medicine. Around 28 million UK citizens have registered with NHS login, the service that operates the NHS App 2021, according to NHS digital data from October 2021. Similarly, Cera offers telehealth and prescription services, which is comparable to 1,000 care homes every day. The establishment of Cera’s technology has reduced the hospitalization risk and freed valuable bed space for older and more vulnerable persons to stay at home. Furthermore, the long-term expansion of the sector is facilitated by government support in the form of subsidies and investments in health tech. For instance, UK Research and Innovative’s Innovate UK funded up to GBP 4 million (USD 83 million) on innovative initiatives within the creative technologies industry in September 2022. UK’s digital health industry is being driven by a number of factors, including the expansion of the Internet of Things (IoT) and technological advancements, the changing inclination of consumers for mobile devices and the Internet, and the growing need for population health management.
Report Coverage
This research report categorizes the market for the UK digital health market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom digital health market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK digital health market.
United Kingdom Digital Health Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 10.9 Billion |
Forecast Period: | 2023 to 2033 |
Forecast Period CAGR 2023 to 2033 : | 18.62% |
2033 Value Projection: | USD 60.1 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 240 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Technology, By Components, and COVID-19 Impact Analysis |
Companies covered:: | Allscripts Healthcare Solutions Inc., AT & T, Cerner Corporation, Athenahealth Inc., International business Machinery Corporation (IBM), Cisco Systems, Koninklijke Philips N.V., McKesson Corporation, and Others key players |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The increasing preference for mobile technology and the internet, as well as the increasing demand for population health management, are propelling the market demand for digital health. Further, the growing adoption of digital healthcare including mobile health applications, with the rise in AI, IoT, and big data, are driving the market growth. The government efforts for granting and contributing to health tech investment are significantly contributing to market growth. The increasing awareness about digital health among patients and healthcare professionals, as well as the evidence of the effectiveness of adopting this technology, are propelling the market.
Restraining Factors
The cybersecurity and patient data security issue is expected to impede the market growth for digital health in the UK.
Market Segmentation
The United Kingdom Digital Health Market share is classified into technology and components.
- The tele-healthcare segment dominates the market with the largest market share during the forecast period.
The United Kingdom digital health market is segmented by technology into mHealth, tele-healthcare, digital therapeutics, and health management solutions. Among these, the tele-healthcare segment dominates the market with the largest market share during the forecast period. Telehealthcare applications are easily accessible among patients and healthcare providers. The proliferation of smartphone usage, improvement in internet connectivity, as well as technological advancements, are driving the market growth.
- The software segment is anticipated to hold the largest share of the UK digital health market during the forecast period.
Based on the components, the U.K. digital health market is divided into software, hardware, and services. Among these, the software segment is anticipated to hold the largest share of the UK digital health market during the forecast period. The cutting-edge platforms and software are being rapidly adopted by healthcare facilities to optimize organizational operations and enhance clinical, operational, and financial outcomes. Healthcare digitalization and changing inclination towards value-based care are propelling the market growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the U.K. digital health market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Allscripts Healthcare Solutions Inc.
- AT & T
- Cerner Corporation
- Athenahealth Inc.
- International business Machinery Corporation (IBM)
- Cisco Systems
- Koninklijke Philips N.V.
- McKesson Corporation
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In July 2023, A new telehealth fertility clinic was launched in the UK with the aim of ‘’disrupting’’ the IVF market. London-based Plan Your Baby would offer nationwide access to tailored fertility support in a bid to reduce practical and financial barriers to IVF.
Market Segment
This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Digital Health Market based on the below-mentioned segments:
UK Digital Health Market, By Technology
- mHealth
- Tele-Healthcare
- Digital Therapeutics
- Health Management Solutions
UK Digital Health Market, By Components
- Software
- Hardware
- Services
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