UK Telehealth Market Size & Outlook, 2023-2030
UK telehealth market, 2018-2030 (US$M)
Related Markets
UK telehealth market highlights
- The UK telehealth market generated a revenue of USD 2,049.4 million in 2023 and is expected to reach USD 7,552.7 million by 2030.
- The UK market is expected to grow at a CAGR of 20.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Telehealth market data book summary
| Market revenue in 2023 | USD 2,049.4 million |
| Market revenue in 2030 | USD 7,552.7 million |
| Growth rate | 20.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, UK accounted for 2.0% of the global telehealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany telehealth market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 6,859.1 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK telehealth 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 telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 47.14% in 2023. Horizon Databook has segmented the UK telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Factors like government backing and equal adoption of digital health technology by the NHS & small physicians, to improve accessibility & affordability to healthcare, can be attributed to the high market share of the country.
Various technology companies are actively working with academic institutes, clinicians, and policy makers to develop solutions in line with patient & clinicians needs. By introduction of tried and tested applications, even overseas clients are able to meet the needs of clinicians, patients, and payers in areas such as telehealth, telecare, eHealth, and mHealth.
Moreover, adoption of eHealth apps and platforms is increasing due to more options available in the market. The Medicines and Healthcare Products Regulatory Agency (MHRA) and NHS have set regulations for health-related mobile apps and platforms in the UK.
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Target buyers of UK telehealth market databook
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK telehealth market , including forecasts for subscribers. This country databook contains high-level insights into UK telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK telehealth market size, by product, 2018-2030 (US$M)
UK Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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