Market Forecast By Type (Tele Hospitals, Tele Homes, Mhealth (Mobile Health)), By Component (Product (Hardware, Software, And Other Product), Services (Teledermatology, Teleradiology, Telecardiology, Telepsychiatry, And Other Services)) And Competitive Landscape
|Product Code: ETC004633||Publication Date: Mar 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
The United Kingdom telehealth market is witnessing growing usage of remote monitoring technologies. The use of remote monitoring technologies has also been on the rise in the UK, allowing healthcare professionals to monitor patients' health remotely and provide timely interventions when necessary. For example, wearable devices that can track vital signs such as heart rate, blood pressure, and blood glucose levels are increasingly being used to monitor patients with chronic conditions such as diabetes. Additionally, the pandemic has accelerated the adoption of virtual consultations, with many healthcare providers in the UK offering remote consultations to their patients via video or phone calls. This has helped to reduce the risk of infection and has also increased access to healthcare services for those who are unable to visit a healthcare facility in person. Further, there has been an increasing trend towards collaboration between the public and private sectors in the UK telehealth market, with the government working closely with technology companies and healthcare providers to develop and implement telehealth solutions. This has helped to drive innovation and improve the quality of healthcare services in the country.
The United Kingdom telehealth industry has seen a significant increase in investment in telehealth startups in recent years, with investors recognising the potential of digital health technologies to transform the healthcare industry. This has led to the emergence of a vibrant startup ecosystem, with many innovative companies developing new telehealth solutions to meet the growing demand for remote healthcare services. Additionally, with an ageing population and rising rates of chronic diseases, there is a growing need for telehealth solutions that can help patients manage their conditions from home. Many companies are developing remote monitoring devices and platforms that allow patients to track their health metrics and receive personalized care. These initiatives will help the companies to enhance their market share. Further, to maximize the benefits of telehealth, it is important to integrate telehealth solutions with EHRs. This enables healthcare providers to access patient data in real-time and make more informed decisions about patient care.
United Kingdom Telehealth market is anticipated to witness a proliferation in the coming years backed by an increase in the ceramics industry in the country. The rapid urbanization in the country is leading to an increased demand for best-in-class infrastructure in the residential domain along with a rise in the demand for premium infrastructural Types. The ceramics industry along with the infrastructure development is the key component of the growth of the economy of the United Kingdom and is expected to benefit all the industries related to them. Since the high use of Telehealth tends to provide smooth operation and easy and cost-effective task performance in the designing and breaking of ceramic tiles at high temperatures, it is proving to be an evident product for industrial use and is anticipated to trigger significant growth factors for the United Kingdom Telehealth market in the coming timeframe. The increase in healthcare costs, a spur in technological innovations in the healthcare sector, and efforts to find a resolution to address the accessibility issues of the healthcare sector in remote areas have been perennial problems in developing economies across the world and are expected to ramp up double-digit growth prospects for the United Kingdom telehealth market in the coming timeframe and offer bountiful opportunities to the potential industrial makers of the product and the to-be-investors to register significant growth in the coming timeframe.
According to 6Wresearch, the United Kingdom Telehealth Market is expected to register cumulative growth throughout the forecast period 2020-2026. The outbreak of the COVID-19 disease has led to the massive growth of the Telehealth market globally. The unprecedented disruption of the pandemic has led to a rising need for agility, transformation, and adaptability of telehealth solutions. Backed by the massive spread of the disease, as corporate firms and even schools came down to the work-from-home solution, the healthcare sector has also adopted remote consultation as an increasingly innovative method to win the bid to combat the spread of the novel coronavirus. The spread of the virus has brought the telehealth market a new light. The market which was at a nascent stage with limited access even in developed countries such as Nigeria pre-COVID period as a result of poor infrastructure has witnessed a spur by the effect of the virus. The outbreak has no doubt been proved evident to be a potential growth driver for the telehealth market globally backed by the reliability it is offering along with increased knowledge of the technology in the world which as a result is going to increase in the coming years, once the technology completes almost 90 per cent operation remotely and is expected to shape its competitive market landscape in the near future.
The growth of the United Kingdom Telehealth can be further, attributed to the rapid industrialization in the country. The rebirth of digitization in the field of healthcare is expected to be a growth contributing factor for bringing in tremendous growth patterns for the United Kingdom telehealth market and is expected to be of great importance for framing the future of the healthcare industry and contributing towards bringing in bountiful opportunities for the makers and the potential industrialists and to be investors of the market to seek a fortunate and double-digit future business growth in the coming timeframe.
The United Kingdom Telehealth market report thoroughly covers the market by Type, Component, and key regions including the northern region, western region, southern region, and eastern region. The United Kingdom Telehealth market outlook report provides an unbiased and detailed analysis of the ongoing United Kingdom Telehealth market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The United Kingdom Telehealth Market is expected to witness double-digit growth projections in the coming timeframe. The market value is expected to outperform in the upcoming six years on the back of a rise in the advent of digitization. With a market value worth a double-digit billion number, the market is anticipated to reach a triple-digit revenue value and is expected to register significant growth in the next decade. The low reimbursements by the government as a result of cost-shifting to the private payers has led to an increased burden on the hospitals to look for better and premium medical facilities, especially for the elderly and has led to a hike in the costs in the healthcare sector and increased demand for technical aid in the sector as a result of changing lifestyles of the urban and suburban population across the globe. Reduced time travel, reduced costs, and shared healthcare professional staffing offered by the telemedicine platform have made it an ideal launch of the present times.
The United Kingdom Telehealth Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1. Report Description|
|2.2. Key Highlights|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. United Kingdom Telehealth Market Overview|
|3.1. United Kingdom Telehealth Market Revenues, 2016-2026f|
|3.2. United Kingdom Telehealth Market Revenue Share, By Types, 2019 & 2026f|
|3.3. United Kingdom Telehealth Market Revenue Share, By Components, 2019 & 2026f|
|3.5. United Kingdom Telehealth Market Revenue Share, By Regions, 2019 & 2026f|
|3.6. United Kingdom Telehealth Market Industry Life Cycle|
|3.7. United Kingdom Telehealth Market- Porter’s Five Forces|
|4. United Kingdom Telehealth Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. United Kingdom Telehealth Market Trends|
|6. United Kingdom Telehealth Market Overview, By Types|
|6.1. United Kingdom Telehealth Market Revenues, By Tele Hospitals, 2016-2026f|
|6.2. United Kingdom Telehealth Market Revenues, By Tele Homes, 2016-2026f|
|6.3. United Kingdom Telehealth Market Revenues, By Mhealth (Mobile Health), 2016-2026f|
|7. United Kingdom Telehealth Market Overview, By Components|
|7.1. United Kingdom Telehealth Market Revenues, By Product, 2016-2026f|
|7.1.1. United Kingdom Telehealth Market Revenues, By Hardware, 2016-2026f|
|7.1.2. United Kingdom Telehealth Market Revenues, By Software, 2016-2026f|
|7.1.3. United Kingdom Telehealth Market Revenues, By Other Products, 2016-2026f|
|7.2. United Kingdom Telehealth Market Revenues, By Services, 2016-2026f|
|7.2.1. United Kingdom Telehealth Market Revenues, By Teleradiology, 2016-2026f|
|7.2.2. United Kingdom Telehealth Market Revenues, By Telecardiology, 2016-2026f|
|7.2.3. United Kingdom Telehealth Market Revenues, By Teledermatology, 2016-2026f|
|7.2.4. United Kingdom Telehealth Market Revenues, By Telepsychiatry, 2016-2026f|
|7.2.5. United Kingdom Telehealth Market Revenues, By Other Services, 2016-2026f|
|8. United Kingdom Telehealth Market - Key Performance Indicators|
|9. United Kingdom Telehealth Market - Opportunity Assessment|
|9.1. United Kingdom Telehealth Market Opportunity Assessment, By Types, 2026f|
|9.2. United Kingdom Telehealth Market Opportunity Assessment, By Components, 2026f|
|10. United Kingdom Telehealth Market Competitive Landscape|
|10.1. United Kingdom Telehealth Market Revenue Share, By Company|
|10.2. United Kingdom Telehealth Market Competitive Benchmarking, By Operating & Technical Parameters|
|11. Company Profiles|
|12. Key Recommendations|