UK Ai In Healthcare Market Size & Outlook, 2023-2030
UK ai in healthcare market, 2016-2030 (US$M)
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UK ai in healthcare market highlights
- The UK ai in healthcare market generated a revenue of USD 1,326.2 million in 2023 and is expected to reach USD 12,493.8 million by 2030.
- The UK market is expected to grow at a CAGR of 37.8% from 2024 to 2030.
- In terms of segment, software solutions was the largest revenue generating component in 2023.
- Software Solutions is the most lucrative component segment registering the fastest growth during the forecast period.
Ai in healthcare market data book summary
| Market revenue in 2023 | USD 1,326.2 million |
| Market revenue in 2030 | USD 12,493.8 million |
| Growth rate | 37.8% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Services, Software Solutions |
| Key market players worldwide | Microsoft Corp, International Business Machines Corp, Alphabet Inc Class A, NVIDIA Corp, Intel Corp, GE Aerospace, Medtronic PLC, Oracle Corp, Medidata, Merck KGaA, IQVIA Holdings Inc, Itrex Group |
Other key industry trends
- In terms of revenue, UK accounted for 5.9% of the global ai in healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK ai in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 7,077.9 million by 2030.
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AI In Healthcare Market Scope
AI In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK ai in healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in healthcare market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 50.04% in 2023. Horizon Databook has segmented the UK ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
Factors such as equal adoption of AI technology by NHS and healthcare practitioners to improve diagnosis have contributed to the high market growth. Large investments by the UK government in AI has contributed to the growth of AI in healthcare market.
Growing venture capital investment in the UK’s fast-growing AI sector is another factor driving the growth of AI in healthcare market. For instance, in 2018, Renalytix AI, a developer of AI-based clinical diagnostics for kidney diseases, raised funds of USD 29 Billion.
Key players currently dominating AI in healthcare market include Deep Mind Technologies, Cambridge Cognition, BenevolentAI, Babylon Health, and Skin. For instance, DeepMind launched an app called Streams that is expected to provide access to patients’ test results and histories to hospitals in the UK.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into UK ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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UK ai in healthcare market size, by component, 2016-2030 (US$M)
UK AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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