United Kingdom Digital Health Market - Growth, Trends, COVID-19 Impact, And Forecast (2022-2027)

The United Kingdom Digital Health Market is Segmented by Technology (Tele-healthcare, mHealth, Healthcare Analytics, and Digital Health Systems), and Components (Software, Hardware, and Services). The report offers the value (in USD million) for the above segments.

Market Snapshot

United Kingdom Digital Health Market Size
Study Period: 2019-2027
Base Year: 2021
CAGR: 15.5 %
United Kingdom Digital Health Market Key Players

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Market Overview

The United Kingdom Digital Health Market is expected to register a healthy CAGR of 15.5% during the forecast period, 2022-2027.

The COVID-19 pandemic had a significant impact on the market in the first and second quarters of 2020, as hospital and clinic operations and visits were significantly reduced due to lockdown and social distancing measures implemented by the United Kingdom’s government, in turn increasing demand, awareness, and acceptance for digital healthcare services. For instance, the article titled "A national survey assessing public readiness for digital health strategies against COVID-19 within the United Kingdom" published in PubMed.gov in March 2021 stated that digital public health approaches to COVID-19 have the potential to marginalize communities within the United Kingdom who are at risk of digital exclusion while also suffering from SARS-CoV-2-related health problems. Moreover, mobile health solutions became a lifeline for consultation, primarily through smartphones and remote monitoring. Several companies entered into the market space to offer digital solutions for combating COVID-19-related illnesses along with monitoring patients' health. For instance, in March 2020, accuRx, a digital healthcare start-up supported by Innovate UK, developed, and launched video consultation software that allowed United Kingdom-based healthcare providers to communicate with their patients remotely, reducing the risk of infection from seeing patients with COVID-19. Thus, the overall impact of the outbreak on the digital health market within the country is likely to remain positive over the forecast period.

In addition, the growth of IoT and technological innovations, rising preference for mobile technology and the internet, and rising demand for population health management are all propelling factors for the digital health market in the country. The growing public awareness for digital health and the rising level of acceptance among healthcare professionals, combined with evidence of the efficacy of using this technology, is expected to result in significant growth for this industry. Additionally, in September 2021, the European Union (EU), four UN agencies (WHO, UNFPA, UNICEF, UNOPS), and Georgia's Ministry of IDPs from Occupied Territories, Labor, Health, and Social Affairs have launched a new telemedicine initiative aimed at reducing the impact of the COVID-19 outbreak in the country. Similarly, in November 2021, a medical start-up called Cera established 15 digital healthcare hubs across the United Kingdom to provide telehealth and medication services, equivalent to 1,000 care homes on a daily basis. Cera's technology helps older and vulnerable people stay at home, lowering the risk of hospitalization and freeing up valuable bed space.

Furthermore, the government's support in the form of grants is contributing to the market's long-term growth. For instance, in May 2020, Eurostars Grants worth EUR 2.5 million were awarded to my mhealth and collaborators, a health-tech company based in the United Kingdom, for the development of their project CUOREMA. The goal of the CUOREMA project is to create a new patient-centered cardiac rehabilitation support system.

Additionally, in November 2021, the Digital Health Partnership Award was launched by the NHSX Innovation Development Team. This was created to assist NHS organizations in England in bidding for funding to accelerate the adoption of digital health technologies to support patients with long-term conditions at home. The award brings together key players in the digital health technology for the scaling process. Thus, owing to the abovementioned factors, the market is expected to project growth over the forecast period. However, security concerns regarding patient data will hinder the market's growth in the upcoming future.

Scope of the Report

As per the scope of this report, digital health, which includes digital care programs, is the convergence of digital technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and make medicine more personalized and precise. The United Kingdom digital health market is segmented by technology (Tele-healthcare, mHealth, Healthcare Analytics, and Digital Health Systems), and components (software, hardware, and services). The report offers the value (in USD million) for the above segments.

By Technology
Telehealthcare
mHealth
Healthcare Analytics
Digital Health Systems
By Component
Software
Hardware
Services

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Key Market Trends

mHealth Segment is Expected to Hold a Significant Market Share Over the Forecast Period

By technology, the mHealth segment is expected to garner a significant market share over the analysis period. mHealth, or mobile health, is the use of mobile and wireless technologies to support the achievement of health objectives. The most common application of mHealth is the use of mobile devices to educate consumers about preventive healthcare services. However, mHealth is also used for disease surveillance, treatment support, epidemic outbreak tracking, and chronic disease management. In 2020, LIVI, the United Kingdom branch of Europe’s largest digital healthcare provider, KRY, announced the launch of a free web-based platform called ‘LIVI Connect’ across Europe that is expected to enable healthcare professionals to connect with remote patients during COVID-19 via video consultations.

Moreover, factors such as the rising burden of chronic diseases, technological advancements, rising public awareness about population health, and government initiatives will drive the market segment's growth. For instance, in April 2021, my mhealth, a United Kingdom-based NHS-approved digital therapeutics company with three European collaborators, was awarded a Eurostars Grant worth EUR 2.5 million for the development of CUOREMA, their innovative program. The CUOREMA project of the Bournemouth-based start-up will focus on the development of a new, patient-centered, and intelligent cardiac rehabilitation support system.

Likewise, in October 2020, in the United Kingdom, Apple Inc. made the health records feature available on iPhones and Apple watches. Additionally, in June 2019, officials in the United Kingdom expanded their library of approved mHealth apps by establishing a digital health portal where developers can submit their platforms for review. Such initiatives are expected to boost the growth of the segment over the forecast period.

United Kingdom Digital Health Market Share

United Kingdom Digital Health Market Analysis

Competitive Landscape

In terms of market share, a few of the major players are currently dominating the United Kingdom digital health market. Some of the companies which are currently dominating the market are Allscripts Healthcare Solutions Inc., Koninklijke Philips N.V., OTH.IO, International Business Machinery Corporation (IBM), and AMD Global Telemedicine Inc.

Recent Developments

In March 2022, MedX Health and Health Partners formed a strategic partnership to launch MedX's Teledermatology Screening Platform in the United Kingdom.

In January 2022, Abtrace, a UK health tech start-up using machine learning and clinical innovation in the delivery of primary care, launched a proactive monitoring system designed to empower patients with chronic conditions.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Adoption of Digital Healthcare

      2. 4.2.2 Rise in Artificial Intelligence, IoT, and Big Data

      3. 4.2.3 Growing adoption of mobile health applications

    3. 4.3 Market Restraints

      1. 4.3.1 Cybersecurity And Privacy Concerns

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Technology

      1. 5.1.1 Telehealthcare

      2. 5.1.2 mHealth

      3. 5.1.3 Healthcare Analytics

      4. 5.1.4 Digital Health Systems

    2. 5.2 By Component

      1. 5.2.1 Software

      2. 5.2.2 Hardware

      3. 5.2.3 Services

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Allscripts Healthcare Solutions Inc.

      2. 6.1.2 AT & T

      3. 6.1.3 Athenahealth Inc.

      4. 6.1.4 Cerner Corporation

      5. 6.1.5 AMD Global Telemedicine Inc.

      6. 6.1.6 Cisco Systems

      7. 6.1.7 iHealth Lab Inc

      8. 6.1.8 International business Machinery Corporation (IBM)

      9. 6.1.9 Koninklijke Philips N.V.

      10. 6.1.10 McKesson Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The United Kingdom Digital Health Market market is studied from 2019 - 2027.

The United Kingdom Digital Health Market is growing at a CAGR of 15.5% over the next 5 years.

Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, AMD Global Telemedicine Inc., McKesson Corporation are the major companies operating in United Kingdom Digital Health Market.

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