United Kingdom Digital Health Market Introduction and Overview
According to SPER Market Research, the United Kingdom Digital Health Market is estimated to reach USD 75.13 billion by 2033 with a CAGR of 19.3%.
The report includes an in-depth analysis of the United Kingdom Digital Health Market, including market size and trends, product mix, applications, and supplier analysis. The use of ICTs (information and communication technologies) in the healthcare industry to manage chronic illness from remote locations is known as digital health. Wearable technology, telehealth and telemedicine, mobile health (mHealth), health information technology (IT), and personalised medicine are all part of the digital health market. It provides a range of services that help people manage chronic illnesses and get an early diagnosis of life-threatening conditions.
- July 2023: In order to boost fertility, a new telemedicine fertility clinic was opened in the UK by the London-based firm Plan Your Baby.
- June 2023: The English government intended to provide a Digital NHS Health Check to one million people starting in the spring of 2019.
Market Opportunities and Challenges
The nation's digital health industry is being driven by a number of factors, including the expansion of the Internet of Things (IoT) and technological advancements, consumers' growing inclination for mobile devices and the Internet, and the growing need for population health management. This market is predicted to have tremendous growth because of the increasing public awareness of digital health, the growing degree of acceptance among healthcare professionals, and evidence of the effectiveness of adopting this technology. Long-term market growth is also being aided by government support in the form of subsidies and investments in health technology. Therefore, because of the aforementioned elements—such as growing IoT and technological innovation utilisation, growing inclinations towards mobile technology, and the Internet in conjunction with government initiatives—the market is anticipated to project growth over the forecast period.
However, patient data security issues will prevent the industry from growing in the near future. One of the primary obstacles to the market's expansion is the absence of a centralised funding approach for the reimbursement of digital health solutions. Despite the market's large expansion, factors including inadequate reimbursement, lack of systematic control, data security, and cooperation amongst regulatory agencies are thought to have an effect on the market's growth.
Market Competitive Landscape
The digital health market in the UK is consolidated. Currently, a small number of the main competitors control the majority of the market share. The market is growing because of the strategic actions that the companies in it have made, like acquisitions and cooperation with the government. The major players in the United Kingdom Digital Health market include: Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., Athenahealth Inc., Cerner Corporation, Cisco Systems, iHealth Lab Inc., International business Machinery Corporation (IBM), Koninklijke Philips N.V., McKesson Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Technology, By End User
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| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
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| Companies Covered | Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., Athenahealth Inc., Cerner Corporation, Cisco Systems, iHealth Lab Inc., International business Machinery Corporation (IBM), Koninklijke Philips N.V., McKesson Corporation, Others
|
COVID-19 Impact on United Kingdom Digital Health Market
The COVID-19 pandemic had a major effect on the market in 2020 as a result of the government of the United Kingdom's implementation of lockdown and social distancing measures, which significantly reduced hospital and clinic operations and visits. This, in turn, increased demand for, awareness of, and acceptance of digital healthcare services. Additionally, mobile health solutions—mainly through cellphones and remote monitoring—became a lifesaver for consultation. A number of businesses joined the market to provide digital solutions for tracking patient health and preventing COVID-19-related disorders. Without revealing their identity, a person's test results or immunisation status can be recorded and verified via an app thanks to the digital passport. Therefore, during the course of the projected period, the outbreak's overall influence for the nation's digital health market is probably going to stay positive.
Key Target Audience:
- Central and Local government
- Clinical Commissioners
- Healthcare vendor C-Suite
- Hospital and clinical C-Suite professionals
- Management Consultants
- NHS Foundation Trusts
- Private Equity
- Private medical insurance groups
- Property Developers and consultants
- Specialist acute medical care providers
- Others
Our in-depth analysis of the United Kingdom Digital Health Market includes the following segments:
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By Component:
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Software
Hardware
Services
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By Technology:
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Healthcare Analytics
mHealth
Tele-healthcare
Digital Health Systems
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By End User:
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Diagnostic Centres
Healthcare Payers
Healthcare Research Centres
Hospitals & Clinics
Nursing Care Centres
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Key Topics Covered in the Report:
- United Kingdom Digital Health Market Size (FY’2023-FY’2033)
- Overview of United Kingdom Digital Health Market
- Segmentation of United Kingdom Digital Health Market By Component (Software, Hardware, Services)
- Segmentation of United Kingdom Digital Health Market By Technology (Healthcare Analytics, mHealth, Tele-healthcare, Digital Health Systems)
- Segmentation of United Kingdom Digital Health Market By End User (Diagnostic Centres, Healthcare Payers, Healthcare Research Centres, Hospitals & Clinics, Nursing Care Centres, Others)
- Statistical Snap of United Kingdom Digital Health Market
- Expansion Analysis of United Kingdom Digital Health Market
- Problems and Obstacles in United Kingdom Digital Health Market
- Competitive Landscape in the United Kingdom Digital Health Market
- Impact of COVID-19 and Demonetization on United Kingdom Digital Health Market
- Details on Current Investment in United Kingdom Digital Health Market
- Competitive Analysis of United Kingdom Digital Health Market
- Prominent Players in the United Kingdom Digital Health Market
- SWOT Analysis of United Kingdom Digital Health Market
- United Kingdom Digital Health Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United Kingdom Digital Health Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United Kingdom Digital Health Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom Digital Health Market
7. United Kingdom Digital Health Market, By Component (USD Million)
7.1. United Kingdom Digital Health Market Value Share and Forecast, By Component, 2023-2033
7.2. Software
7.3. Hardware
7.4. Services
8. United Kingdom Digital Health Market, By Technology (USD Million)
8.1. United Kingdom Digital Health Market Value Share and Forecast, By Technology, 2023-2033
8.2. Healthcare Analytics
8.3. mHealth
8.4. Tele-healthcare
8.5. Digital Health Systems
9. United Kingdom Digital Health Market, By End User (USD Million)
9.1. United Kingdom Digital Health Market Value Share and Forecast, By End User, 2023-2033
9.2. Diagnostic Centres
9.3. Healthcare Payers
9.4. Healthcare Research Centres
9.5. Hospitals & Clinics
9.6. Nursing Care Centres
9.7. Others
10. United Kingdom Digital Health Market Forecast, 2019-2033 (USD Million)
10.1. United Kingdom Digital Health Market Size and Market Share
11. United Kingdom Digital Health Market, By Component, 2019-2033 (USD Million)
11.1. United Kingdom Digital Health Market Size and Market Share By Component (2019-2026)
11.2. United Kingdom Digital Health Market Size and Market Share By Component (2027-2033)
12. United Kingdom Digital Health Market, By Technology, 2019-2033 (USD Million)
12.1. United Kingdom Digital Health Market Size and Market Share By Technology (2019-2026)
12.2. United Kingdom Digital Health Market Size and Market Share By Technology (2027-2033)
13. United Kingdom Digital Health Market, By End User, 2019-2033 (USD Million)
13.1. United Kingdom Digital Health Market Size and Market Share By End User (2019-2026)
13.2. United Kingdom Digital Health Market Size and Market Share By End User (2027-2033)
14. United Kingdom Digital Health Market, By Region, 2019-2033 (USD Million)
14.1. United Kingdom Digital Health Market Size and Market Share By Region (2019-2026)
14.2. United Kingdom Digital Health Market Size and Market Share By Region (2027-2033)
14.3. Eastern Region
14.4. Northern Region
14.5. Southern Region
14.6. Western Region
15. Company Profile
15.1. Allscripts Healthcare Solutions Inc.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. AMD Global Telemedicine Inc.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Athenahealth Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Cerner Corporation
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Cisco Systems
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. iHealth Lab Inc.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. International business Machinery Corporation (IBM)
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Koninklijke Philips N.V.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. McKesson Corporation
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
