UK Telemedicine Market Analysis

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  • Type: Service area
  • Published : April 2021
  • Region: Europe
  • Country: UK
  • Report ID : 2553

  • Format: PPT, PDF

UK Telemedicine Market: Segmented by Services (Teleconsulting, Telemonitoring, Tele education/training, Type (Hardware & Software Services) and Speciality Areas (Neurology, Tele cancer, Gynaecology, Radiology, Pathology, Cardiology, Dermatology & Emergency care), Growth Drivers and Market Forecasts (2019-2028)

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Report Overview

The UK Telemedicine Market was estimated at USD 481 Million in 2019 and is expected to grow at a CAGR of xx% from 2019 to 2028”.

Telemedicine solutions hold great opportunities as they help in improving clinical management, reduce variations in diagnosis, and make effective care delivery by enhancing quality and access to healthcare services.

Market Growth Drivers

The growing necessity of monitoring the patients and treating them for chronic ailments from remote places will drive the growth of the telemedicine market in the United Kingdom. In addition to this, a remote patient monitoring system also includes a spectrum of new technologies developed for effectively handling, assessing, notifying, intervening, and changing the plans of patient treatment as per the need. These systems help in minimizing the growth of chronic diseases and quick recovery after receiving a discharge from hospitals. All these fore mentioned aspects are likely to steer the growth of the UK market during the forecast timeline.

Furthermore, technological breakthroughs and massive demand for digital health tools are the major aspects driving the expansion of the telemedicine industry across the United Kingdom. Among the digital health tools, m-health, EMR, and Telehealth are the most prominently utilized ones by healthcare firms. These help in remotely monitoring the patients along with increasing access to electronic health information and improvement in electronic health data access. All these aspects are likely to encourage market growth trends in the UK.

1. UK Telemedicine Market Overview……….……………….………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………………….
A. Increasing prevalence of chronic diseases
B. Rise in Remote Patient Monitoring System
C. Technological breakthroughs
3. Telemedicine use by Disease….………………………………………………………….
A. Diabetes
B. Oncology
C. Chronic Disease
D. Mental Health
4. Telemedicine Therapeutics Market Segmentation….………………………….
A. Service
I. Tele-consulting
II. Tele-monitoring
III. Tele-education/training
B. Type
I. Hardware Services
II. Software Services
C. Speciality Areas
I. Neurology
II. Tele cancer services
III. Gynaecology
IV. Radiology
V. Pathology
VI. Cardiology
VII. Dermatology
VIII. Emergency Care
5. Major Products Market Share………….…….……………………………………………
A. Market Analysis, Insights and Forecast
6. Competitive Landscape……………………………………………………………….
A. Major Players
B. Company Market Position Analysis
7. Key Company Profiles…………….………………………………….…….…………..
A. Immedicare-, Product & Services, Strategies & Financials
B. Babylon Health- Product & Services, Strategies & Financials
C. Push Doctor- Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………….……………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Telemedicine Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Services:

Based on services, the market is fragmented into teleconsulting, telemonitoring, tele education/training.

By Types:

In 2019, software services have contributed the highest share in terms of revenue in UK telemedicine market. The software leads in the market because software requires up gradation with time to add more features and for fixing up the bugs. This adds cost to software maintenance. The hardware services hold the second highest share followed by telecom having share contribution.

By Speciality Areas:

In 2019, Tele cancer services have dominated the market in terms of domestic revenue because of the rising number of cancer cases in the country. The Tele Radiology contributed the second highest share followed by Tele Pathology, Tele Neurology, Tele Psychology services. Other services include dermatology, epidemiology, prescription counselling, surgical applications, cardiology, and dentistry has contributed the least share in UK Telemedicine market.

Key Market Players

UK Tele Medicine market is highly concentrated with the presence of around 40-45 players in the market. The entry barriers are high for a company entering into the Tele Medicine market. The set-up cost of Tele Medicine business is also very high as it requires latest technology equipment’s with most modern services for providing best results and consultation to the patient either through video or audio system.

The leading companies in UK Telemedicine market are Immedicare, Medio Link, Babylon Health, Push Doctor, Tele Medicine Clinic, Doctor Care Anywhere, Toothpick, Home Touch, Zesty, Skin Analytics, Capture Proof, Tunstall, Tynetec Ltd., Just Checking, Tele Support and others.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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