UK Digital Health Market Overview:
The UK digital health market is projected to exhibit a growth rate (CAGR) of 16.50% during 2024-2032. The market is experiencing significant growth driven by increasing demand for remote patient monitoring solutions, an upsurge in the utilization of telehealth and virtual care solutions, government support toward digital innovation, and the rising application of artificial intelligence and big data technology in healthcare services.
Report Attribute
|
Key Statistics
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Base Year
|
2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
16.50% |
UK Digital Health Market Trends:
Heightening Adoption of Health Tech Solutions
The UK digital health market is experiencing significant growth driven by the increasing adoption of health tech solutions. According to a report by the UK government, digital health investments surged to £11.2 billion in 2020, marking a notable 14% year-on-year increase. This growth is fueled by the developments such as wearable devices, telemedicine, and artificial intelligence-based diagnostics that are improving the delivery of care and organization of health systems across the country. A shift toward online health services has been observed over the last years with the constant growth of telemedicine services even in the coronavirus (COVID-19) period. Furthermore, with advancements in AI and machine learning diagnostic tools are improving and are less time-consuming and more accurate.
Favorable Regulatory Environment
A favorable regulatory environment is highly valuable in the evaluation of the growth of innovative solutions within the United Kingdom's digital health market. Action taken through government policies such as the NHS Long Term Plan is vital in promoting awareness of the need to invest in digital care transformation. According to the UK Department of Health and Social Care, the UK has significant plans for investing in digital health technology and policies, with an aspiration to attain digitally supported care services for 75% of the population by 2023. They require the integration of new technologies into the health sector and assist in transforming the regulatory measures concerning the evolution of telemedicine, AI-based diagnostics, and wearable health monitors. These regulatory initiatives reinforce cooperation between care leaders, technology inventors, and regulatory authorities to guarantee that technological interventions in digital health are secure, operative, and compliant with data privacy laws.
Increasing Healthcare Demands and Aging Population
The situation in the UK is characterized by growing levels of healthcare needs arising from increased population aging. According to the stats from the UK Office for National Statistics, it is estimated that one in four population in the UK will be 65 years and above by 2043 an element that is likely to continue exerting pressure on healthcare. These challenges can be managed by digital health technologies because the resolutions involved are easy to scale and less costly. Such solutions enable enhancements in patient care and help serve chronic illnesses. The expansion into the field of digital health is vital in increasing healthcare delivery due to demographic constraints regarding timely interventions and care of the elderly. Thus, this demographic shift only underlines the need for digital health as one of the tools for catering to future healthcare needs, independence, and improving the quality of life of elderly people thus alleviating the burden on the healthcare system.
UK Digital Health Market News:
- In January 2024, the UK-based Engineering and Physical Sciences Research Council (EPSRC), a UK funding agency launched digital health hubs, aiming to catalyze innovation and transformation in the healthcare sector.
- In June 2023, The UK Government announced the plans to launch the Digital NHS health check across England by spring, aiming to enhance healthcare accessibility and digital health integration nationwide.
UK Digital Health Market Segmentation
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type and component.
Type Insights:
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
The report has provided a detailed breakup and analysis of the market based on the type. This includes telehealth, medical wearables, EMR/EHR systems, medical apps, healthcare analytics, and others.
Component Insights:
- Software
- Hardware
- Service
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes software, hardware, and service.
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
UK Digital Health Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion US$ |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered |
Telehealth, Medical Wearables, EMR/EHR Systems, Medical Apps, Healthcare Analytics, Others |
Components Covered |
Software, Hardware, Service |
Regions Covered |
London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UK digital health market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UK digital health market?
- What is the breakup of the UK digital health market on the basis of type?
- What is the breakup of the UK digital health market on the basis of component?
- What are the various stages in the value chain of the UK digital health market?
- What are the key driving factors and challenges in the UK digital health?
- What is the structure of the UK digital health market and who are the key players?
- What is the degree of competition in the UK digital health market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK digital health market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UK digital health market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK digital health industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.