U.K. Video Telemedicine Market - Forecast(2024 - 2030)

Report Code: HCR 1303 Report Format: PDF + Excel

U.K. Video Telemedicine Market Overview

The U.K. Video Telemedicine Market size is estimated to reach $78.2 million by 2027, growing at a CAGR of 14.3% during the forecast period 2022-2027. Telemedicine involves the use of videotelephony systems and software to provide clinical services such as remote patient monitoring, follow-up visits, post-hospitalization care and preventive care support to patients without the need for an in-person visit. Even though the terms telehealth and telemedicine are used interchangeably, telehealth refers to a broader scope of remote interactive medicine services and can include non-clinical services such as training and administrative meetings. The technologies used for Telemedicine applications have evolved from simple slow scan TVs to more advanced technologies such as Asymmetric Digital Subscriber Line (ADSL), WiMax and 5G. The rapid rise in lifestyle diseases in the UK is anticipated to drive the market during the forecast period. However, poor reimbursement policies act as a major challenge for the U.K. Video Telemedicine industry.

Report Coverage

The report: “U.K. Video Telemedicine Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the U.K. Video Telemedicine Market.

By Category: Product and Services.
By Telecommunication Technology: 2G/3G Technology, 4G/LTE Technology, 5G Technology, WiMax, Asymmetric Digital Subscriber Line (ADSL), Broadband Integrated Services Digital Network (B-ISDN) and Others.
By Application: Cardiology, Neurology, Dentistry, Dermatology, Oncology, Genecology, Orthopedics, Radiology, Pathology and Others.
By Delivery Mode: On Premise and Cloud Based.
By End User: Healthcare Providers and Patients.

Key Takeaways

  • Based on End User, the Hospital segment accounted for the largest U.K. Video Telemedicine market share in 2021 owing to their rapid adoption in the UK after the Covid-19 pandemic.
  • An increase in geriatric population is driving the growth of the U.K. Video Telemedicine Market. However, weak connectivity in rural regions of the country is challenging demand generation.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the U.K. Video Telemedicine Market Report.

U.K. Video Telemedicine Market Segment Analysis - By Application

Based on application, the U.K. Video Telemedicine Market is segmented into Cardiology, Neurology, Dentistry, Dermatology, Oncology, Genecology, Orthopedics, Radiology, Pathology and Others. The Neurology Segment is anticipated to have the largest share of the market in 2021 and is poised to dominate the market during the forecast period 2022-2027. This is attributed to the rapid rise in chronic neurological disorders such as Alzheimer’s disease, Parkinson’s disease, dystonia, Amyotrophic Lateral Sclerosis (ALS), Huntington’s disease, multiple sclerosis and epilepsy in the UK. These diseases may require continuous long-term treatment and monitoring. Video telemedicine services provide a convenient and cost-effective alternative for such patients as adequate care can be provided to them without the need for occasional hospital visits. The Cardiology department is projected to grow the fastest at a CAGR of 14.9% owing to the increase in cardiovascular disorders such as hypertension, coronary artery disease, arrhythmia and stroke in the U.K.

U.K. Video Telemedicine Market Segment Analysis - By Delivery Mode

The U.K. Video Telemedicine Market based on Delivery Mode can be further segmented into On Premise and Cloud Based. The Cloud Based segment accounted for the largest share of the market in 2021 owing to the lower costs of cloud-based systems. On-premise systems require the healthcare facilities to make substantial investments for dedicated server room, and IT employees to ensure smooth operations. However, in Cloud-based mode of delivery, these services are provided by a third-party provider, thereby reducing costs. However, the On-Premise segment is also anticipated to witness substantial growth at a CAGR of 15.2% during the forecast period owing to the rising cyber security threats in the U.K. healthcare sector. Since the video telemedicine services through on-premise delivery mode does not involve a third-party, the data is stored within the healthcare facility which significantly increases data security.

U.K. Video Telemedicine Market Drivers

Increase in Geriatric Population is Projected to Drive Market Growth

Around 19% of the UK population was geriatric in 2019. This is anticipated to reach 24% by 2043. The population of people over the age of 75 is predicted to increase from only 8% in 2018 to around 13% by 2043. This is projected to drive the market during the forecast period as the geriatric population is more prone to chronic diseases. For instance, according to the National Health Service (NHS), Alzheimer's disease and other types of dementia affect around 1 in 14 people over the age of 65 and 1 in every 6 people over the age of 80. This is increasing the demand for video telemedicine as it provides a more convenient treatment alternative for the elderly.

Rise in Lifestyle disorders is Anticipated to Boost Product Demand

Owing to the growth in disposable income and urbanization, more people are following a sedentary lifestyle in the UK. This is causing an increase in lifestyle diseases such as obesity, hypertension, cancers and diabetes. Around 4.9 million people in the UK suffer from diabetes and 13.6 million people at an increased risk of developing type 2 diabetes. More than 700 people die every week in the UK owing to diabetes. Moreover, 1 out of every 3 adults in the UK suffer from hypertension. 31% of men and 26% of women suffer from the disease in England. Video telemedicine enables medical professionals to monitor and consult such patients effectively.

U.K. Video Telemedicine Market Challenges

The High Cost of Telemedicine Systems is Anticipated to Hamper Market Growth

The high cost of some of the equipment necessary for establishing a functioning telemedicine system in hospitals can act as a major challenge in their adoption during the forecast period. Some of the necessary equipment includes telemedicine carts, telemedicine kiosks, cameras, software, servers and mobile medical devices. Moreover, the physicians, practice managers, and other medical staff need to be trained extensively to ensure effective usage of the system. This can further increase costs. Furthermore, the covid-19 pandemic has strained the UK healthcare system, making them unable to make significant investments in non-essential technologies. Around £15 billion was spent by the UK on PPE kits, and a total of £12 billion on NHS Test and Trace in 2020.

Cybersecurity Concerns is Projected to Limit Growth Opportunities

The risk of security breach and data leaks significantly increase when video telecommunication systems are used. This can severely affect demand as the data that is collected and stored include sensitive patient information such as lab reports, appointments, medical history and medication details. Breach or leak of such data may have disastrous impact for the healthcare provider as it reduces patient confidence. Moreover, it may also lead to lawsuits which can cause major losses for the company. For instance, the attack on healthcare giant UHS lead to a loss of around $67 million in 2020 owing to network shutdowns caused by ransomware attacks in the US and the UK.

U.K. Video Telemedicine Market Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the U.K. Video Telemedicine Market. Top 10 companies of the industry include:

  1. Immedicare
  2. Medio Link
  3. Babylon Health
  4. Push Doctor
  5. Tele Medicine Clinic
  6. Doctor Care Anywhere
  7. Toothpick
  8. Home Touch
  9. Zesty, Skin Analytics
  10. Capture Proof

Partnerships/Product Launches:

  • In August 2020, HealthHero, a London-based telehealth company, announced the acquisition of Fernarzrt.com. The newly launched start-up HealthHero intends to offer telemedicine services through video calls, online chats, or phone calls. Patients can use the service to access a mental health clinician, a general practitioner, a specialist, or a musculoskeletal practitioner.
  • In August 2020, Now Health International announced that during the Covid-19 pandemic, they are launching a virtual doctor service to their members based in the UK. In addition, Now Health has also agreed to a preferred partnership with a telemedicine service provider, Medicspot.
  • In March 2020, the NHS launched a new online telemedicine service tool to help those wanting to get quick advice about the coronavirus after it saw a surge in the number of queries received about the outbreak. This launch will help ease the burden on the 111 call volumes significantly.

Relevant Links:

Report Code: HCR 0393

Report Code: HCR 0230

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1. U.K. Video Telemedicine Market - Overview
    1.1 Definitions and Scope
2. U.K. Video Telemedicine Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Application
    2.3 Key trends by End User
3. U.K. Video Telemedicine Market – Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis – Average Selling Price
4. U.K. Video Telemedicine Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. U.K. Video Telemedicine Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. U.K. Video Telemedicine Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. U.K. Video Telemedicine Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. U.K. Video Telemedicine Market – By Category (Market Size –$Million/$Billion)
    8.1 Product
        8.1.1 Hardware
        8.1.2 Software
        8.1.3 Others
    8.2 Service
        8.2.1 Tele-consulting
        8.2.2 Tele-monitoring
        8.2.3 Tele-education
9. U.K. Video Telemedicine Market – By Telecommunication Technology (Market Size –$Million/$Billion)
    9.1 2G/3G Technology
    9.2 4G/LTE Technology
    9.3 5G Technology
    9.4 WiMax
    9.5 Asymmetric Digital Subscriber Line (ADSL)
    9.6 Broadband Integrated Services Digital Network (B-ISDN)
    9.7 Others
10. U.K. Video Telemedicine Market – By Application (Market Size –$Million/$Billion)
    10.1 Cardiology
    10.2 Neurology
    10.3 Dentistry
    10.4 Dermatology
    10.5 Oncology
    10.6 Gynecology
    10.7 Orthopedics
    10.8 Radiology
    10.9 Pathology
    10.10 Others
11. U.K. Video Telemedicine Market - By End User (Market Size –$Million/$Billion)
    11.1 Healthcare Providers
        11.1.1 Hospitals
        11.1.2 Clinics
    11.2 Patients
12. U.K. Video Telemedicine Market - By Delivery Mode (Market Size –$Million/$Billion)
    12.1 On-Premise
    12.2 Cloud-Based
13. U.K. Video Telemedicine Market - Entropy
14. U.K. Video Telemedicine Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. U.K. Video Telemedicine Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best-efforts basis”.