UK Telemedicine Market Size & Outlook, 2023-2030
UK telemedicine market, 2018-2030 (US$M)
Related Markets
UK telemedicine market highlights
- The UK telemedicine market generated a revenue of USD 4,416.6 million in 2023 and is expected to reach USD 13,053.1 million by 2030.
- The UK market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Telemedicine market data book summary
| Market revenue in 2023 | USD 4,416.6 million |
| Market revenue in 2030 | USD 13,053.1 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, UK accounted for 3.8% of the global telemedicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany telemedicine 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 10,224.4 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK telemedicine 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 telemedicine market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 52.02% in 2023. Horizon Databook has segmented the UK telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is among the most established markets for telemedicine, especially among the EU5 countries. This is in terms of reimbursement, regulation, and platforms, such as Push Doctor and Babylon, among others. The market in the country was mature even before the COVID-19 pandemic, as the adoption of telemedicine platforms was high in the country.
Furthermore, in January 2019, the UK government expanded its NHS budget for making telehealth and telemedicine a standard of care within 5 years. The plan aims at providing residents and healthcare providers more access to mHealth and telehealth resources by 2022-2023.
Such favorable government initiatives are further anticipated to boost the market growth. In addition, government initiatives, such as the NHS Connecting for Health initiative by the Department of Health launched in 2005, are responsible for creating a well-developed healthcare IT infrastructure to enhance the effectiveness and efficiency of healthcare services across the country.
Reasons to subscribe to UK telemedicine market databook:
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Target buyers of UK telemedicine market databook
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Our clientele includes a mix of telemedicine 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 telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into UK telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK telemedicine market size, by component, 2018-2030 (US$M)
UK Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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